Huntington Ingalls (HII) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and HII published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• HII reports only GAAP EPS. Segment operating income, shipbuilding operating margin and free cash flow are its non-GAAP measures.
• Net cumulative catch-up revenue adjustments added $76 million to Q3 2026 operating income and $1.52 to diluted EPS, according to HII's 10-Q.

Source: HII Q3 2026 results, October 29, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How HII splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• HII's Ingalls Shipbuilding revenue was $876 million in Q3 2026, up 6% from $828 million in Q3 2025, 25% of total revenue.
• HII's Newport News Shipbuilding revenue was $1.9 billion in Q3 2026, up 18% from $1.6 billion in Q3 2025, 54% of total revenue.
• HII's Mission Technologies revenue was $792 million in Q3 2026, up 1% from $787 million in Q3 2025, 22% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

HII's release also guides FY26 shipbuilding operating margin of 6.0% to 6.5% and free cash flow of $500 million to $600 million, both non-GAAP measures.

In its Q3 2026 release, HII said:

“FY26 shipbuilding revenue between $10.5 and $10.7 billion”

“FY26 Mission Technologies revenue between $3.0 and $3.2 billion”

“FY26 Mission Technologies segment operating margin of approximately 6%”

Source: HII Q3 2026 release, Oct 29, 2026.

This is the company's own guidance as of Oct 29, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the HII forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP sales and service revenues and diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for HII's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 29, 2026

HII reports three segments. In Q3 2026 Newport News Shipbuilding, which holds all of HII's nuclear ship design, construction, overhaul and refueling work, had revenues of $1,910 million, Ingalls Shipbuilding $876 million and Mission Technologies $792 million. After $41 million of intersegment eliminations, sales and service revenues were $3,537 million, up 10.8% from $3,192 million. (HII Q3 2026 release, Oct 29, 2026; HII Form 10-K, 2025, Feb 5, 2026)

By program, HII's aircraft carrier revenue was $970 million in Q3 2026, against $854 million a year earlier, and submarine revenue $795 million, against $617 million. At Ingalls, amphibious assault ships brought in $444 million and surface combatants and coast guard cutters $429 million. HII put Newport News's 18.1% growth down to higher volumes in submarines and aircraft carriers, and Ingalls's 5.8% growth to higher volumes in amphibious assault ships. (HII Form 10-Q, Q3 2026, Oct 29, 2026; HII Q3 2026 release, Oct 29, 2026)

HII's revenue comes almost entirely from the U.S. government. In 2025 about 81% of revenues were generated from the U.S. Navy. About 46% of 2025 revenues came under fixed-price incentive contracts and about 50% under cost-type contracts, which carry less cost risk for HII. (HII Form 10-K, 2025, Feb 5, 2026)

HII's total backlog rose to $86.2 billion at September 30, 2026 from $53.1 billion at December 31, 2025, after $32.4 billion of new contract awards in Q3 2026. Year-to-date awards of about $43.1 billion were driven mainly by construction contracts for nine Block VI Virginia class submarines and five Build II Columbia class submarines, and Newport News backlog alone was $60,752 million. (HII Form 10-Q, Q3 2026, Oct 29, 2026; HII Q3 2026 release, Oct 29, 2026)

HII reports only GAAP EPS. Diluted EPS was $5.48 in Q3 2026, against $3.68 a year earlier, on net earnings of $217 million. Net cumulative catch-up revenue adjustments added $76 million to operating income and $1.52 to diluted EPS, including a favorable $65 million adjustment on the Columbia class submarine program at Newport News; a year earlier such adjustments reduced EPS by $0.06. (HII Q3 2026 release, Oct 29, 2026; HII Form 10-Q, Q3 2026, Oct 29, 2026)

HII's segment operating income, a non-GAAP measure, was $262 million (a 7.4% margin), against GAAP operating income of $246 million (7.0%). The gap is the operating FAS/CAS adjustment of $12 million and non-current state income taxes of $4 million. Below operating income, the non-operating retirement benefit added $53 million. Weighted-average diluted shares were 39.6 million, against 39.4 million, and HII declared dividends of $1.38 per share. (HII Q3 2026 release, Oct 29, 2026; HII Form 10-Q, Q3 2026, Oct 29, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

HII gives full-year guidance in its release by business: shipbuilding (Newport News plus Ingalls) revenue and margin, Mission Technologies revenue and margin, and free cash flow. With Q3 2026 results it raised FY26 shipbuilding revenue guidance to $10.5 billion to $10.7 billion, from $10.2 billion to $10.4 billion, and kept shipbuilding operating margin at 6.0% to 6.5%. Mission Technologies segment operating margin guidance moved to about 6% from about 5%. (HII Q3 2026 release, Oct 29, 2026)

HII also set a cumulative FY26 and FY27 free cash flow target of $1.2 billion to $1.3 billion. Chief executive Chris Kastner said the quarter's awards have secured approximately 90 percent of HII's expected shipbuilding revenue through 2030. (HII Q3 2026 release, Oct 29, 2026)

A consensus figure is the average of the models published by the analysts who cover HII, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones HII's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning HII is on is HII a buy or a sell?, what analysts expect next is on the HII forecast, and what the company does is on the Huntington Ingalls (HII) stock page.

Every number on this page can be traced to a document HII published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.