Analyst Consensus ?
ConsensusHold27 ratings
Bullish1140.7%
Neutral1555.6%
Bearish13.7%
Huntington Ingalls Industries, Inc. · HII · FY2026 Q2 · Calendar Q3 2026
HII Raises Shipbuilding Guidance as Execution Improves
The quarter strengthened the case that Navy demand, contract awards, and execution improvements can support HII's growth trajectory. The main test is whether the company can convert that demand into sustained margins and cash flow while expanding capacity.
Reported Before market openNYSEIndustrials
$10.68B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$5.27
Consensus $3.79
EPS surprise
+39.1%
Reported versus consensus
Reported revenue
$3.42B
Consensus $3.15B
Revenue surprise
+8.4%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+14.1%
Event window
SPY move
+1.7%
Same window
Abnormal move
+12.4%
Stock minus SPY
Volume
3.0×
Versus trailing sessions
Subsequent drift
-7.1%
Up to 20 sessions
HIISPY benchmark
Ask FN2 about HII FY2026 Q2
Transcript, numbers and history already loaded
Why did HII rise 14.1% after beating EPS estimates in FY2026 Q2?What changed in HII's guidance and outlook in FY2026 Q2?Give me the bull and bear case for HII after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, management moved from reaffirming 2026 guidance to raising shipbuilding revenue guidance. The current analysis also highlights improved margins, progress on carrier and submarine programs, expanded distributed capacity, and a more advanced ROMULUS testing plan.
Guidance delta
Management raised 2026 shipbuilding revenue guidance, while maintaining full-year free cash flow guidance at $500-$600 million.
Key takeaways
- Shipbuilding sales grew year over year, and management raised 2026 shipbuilding revenue guidance.
- Mission Technologies delivered more than 10% EBITDA margin and continued to win unmanned-systems work.
- Distributed shipbuilding capacity is being expanded through new partnerships and off-site production.
- Navy demand supports the backlog, but congressional budget timing remains a constraint to monitor.
Management priorities
- Execute deliveries across carrier, submarine, and destroyer programs over the next 12 months.
- Advance ROMULUS to at-sea testing and develop unmanned maritime capabilities.
- Increase distributed shipbuilding output and expand offshore capacity.
- Hire and train the workforce toward more than 3,500 shipbuilders.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$271.66Current
$215Low
$298.55Average
$421High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 23, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Aug 4, 2026 |
| Citigroup | Buy | Buy | Maintain | Jul 31, 2026 |
| TD Cowen | Buy | Buy | Maintain | Jul 13, 2026 |
| B of A Securities | Neutral | Underperform | Upgrade | Feb 12, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Jan 20, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Nov 3, 2025 |
| Barclays | Equal Weight | Equal Weight | Maintain | Aug 4, 2025 |
| Deutsche Bank | Hold | Hold | Maintain | Nov 1, 2024 |
| Alembic Global | Neutral | Overweight | Downgrade | Nov 1, 2024 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Oct 10, 2024 |
| Vertical Research | Hold | Buy | Downgrade | Oct 10, 2024 |
| Bernstein | Market Perform | Market Perform | Maintain | Feb 13, 2023 |
| Credit Suisse | Neutral | Neutral | Maintain | Feb 10, 2023 |
| Cowen & Co. | Outperform | Market Perform | Upgrade | Apr 14, 2022 |
| UBS | Buy | Buy | Maintain | Jun 11, 2020 |
| Stifel | Hold | Sell | Upgrade | May 22, 2020 |
| RBC Capital | Outperform | Outperform | Maintain | May 21, 2020 |
| Seaport Global | Neutral | Neutral | Maintain | May 19, 2020 |
| Buckingham Research | Neutral | Buy | Downgrade | Feb 27, 2020 |
| Bank of America | Buy | Buy | Maintain | Aug 6, 2019 |
| Buckingham | Buy | Buy | Maintain | Sep 12, 2018 |
| Stifel Nicolaus | Sell | Sell | Maintain | May 4, 2018 |
| Guggenheim | Buy | Buy | Maintain | Jan 20, 2016 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Mar 5, 2014 |
| CRT Capital | Hold | Buy | Downgrade | Mar 19, 2013 |
| Miller Tabak | Buy | Buy | Maintain | Aug 9, 2012 |
| Drexel Hamilton | Buy | Hold | Upgrade | Aug 9, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $271.66. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Bernstein | Analyst unavailable | $341 | $294.63 | +25.5% | Aug 25, 2026 |
| Bernstein | Analyst unavailable | $337 | $271.05 | +24.1% | Jul 17, 2026 |
| Wells Fargo | Analyst unavailable | $325 | $289.46 | +19.6% | Jul 8, 2026 |
| Bernstein | Douglas Harned | $421 | $388.26 | +55.0% | Feb 11, 2026 |
| Goldman Sachs | Analyst unavailable | $419 | $397.77 | +54.2% | Feb 7, 2026 |
| Goldman Sachs | Analyst unavailable | $425 | $425.9 | +56.4% | Jan 20, 2026 |
| Bernstein | Analyst unavailable | $412 | $396.69 | +51.7% | Jan 12, 2026 |
| Bernstein | Douglas Harned | $362 | $303.56 | +33.3% | Nov 7, 2025 |
| Goldman Sachs | Analyst unavailable | $356 | $320.06 | +31.0% | Oct 31, 2025 |
| Deutsche Bank | Scott Deuschle | $264 | $285.38 | -2.8% | Oct 8, 2025 |
| Barclays | David Strauss | $235 | $233.18 | -13.5% | May 5, 2025 |
| Wolfe Research | Myles Walton | $335 | $293.93 | +23.3% | Mar 21, 2024 |
| Credit Suisse | Analyst unavailable | $244 | $228.11 | -10.2% | Jan 12, 2023 |
| Goldman Sachs | Analyst unavailable | $190 | $229.47 | -30.1% | Dec 15, 2022 |
| J.P. Morgan | Analyst unavailable | $250 | $223.21 | -8.0% | Nov 15, 2022 |
| Stifel Nicolaus | Joseph DeNardi | $215 | $213.24 | -20.9% | May 6, 2021 |
| Capital One Financial | Jonathan Raviv | $235 | $203.51 | -13.5% | Apr 15, 2021 |
Track every rating change on HII the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationHuntington Ingalls Industries, Inc. (HII) stands as a prominent American enterprise specializing in the comprehensive lifecycle management of military vessels, encompassing their design, construction, modernization, and maintenance. The company's diverse operations are segmented into three core divisions: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. HII is a primary builder of non-nuclear ships, delivering amphibious assault ships, expeditionary warfare vessels, surface combatants, and national security cutters to both the U.S. Navy and U.S. Coast Guard. Furthermore, it plays a critical role in providing nuclear-powered ships, including aircraft carriers and submarines, along with essential associated services such as refueling, extensive overhauls, and inactivation procedures.…
Historical context
All HII earningsIndustrials peers this season
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|---|---|---|---|---|
| FPS Forgent Power Solutions, Inc. | FY2026 Q4 · Calendar Q3 2026 | +4.3% | +9.5% | Forgent Power Solutions pairs record results with an aggressive FY27 buildout |
| CPRT Copart, Inc. | FY2026 Q4 · Calendar Q3 2026 | -8.7% | -2.6% | Copart pairs international growth with ACV investment amid higher costs |
| SUNB Sunbelt Rentals Holdings Inc | FY2027 Q1 · Calendar Q3 2026 | +19.2% | +5.9% | Sunbelt raises FY27 outlook as specialty rental demand accelerates |
| FRO Frontline Plc | FY2026 Q2 · Calendar Q3 2026 | +8.0% | +1.0% | Frontline posts a record quarter as tanker rates remain elevated |
| DCI Donaldson Company, Inc. | FY2026 Q4 · Calendar Q3 2026 | +1.8% | +2.1% | Donaldson posts record FY26 and targets further growth |
Latest beats and misses
Who reports nextBeat on EPS
- AZOFY2026 Q4 · September 22, 2026+3.6% EPS+3.3% move
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
- ORCLFY2027 Q1 · September 10, 2026+10.3% EPS-1.7% move
Get the HII recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-07-30T17:07:59.503789+00:00
- FN2 earnings calendar · 2026-09-04T01:23:15.205020+00:00
- Polygon adjusted daily market bars · 2026-09-23T15:00:54.646741+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-23T15:00:54.643911+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-09-23. For educational purposes only; not investment advice.