Huntington Ingalls Industries, Inc. · HII · Next earnings

Huntington Ingalls Industries, Inc. reports Thursday, Oct 29, 2026

HII reports before market open with consensus EPS at $4.44 and revenue at $3.36B. Last quarter: HII Beats Q1 Estimates but Stock Slides 10% as Guidance Holds Steady

Reports Before market open39 days awayDate estimated Industrials

What the street expects

Consensus for the coming report
Consensus EPS $4.44 Calendar consensus
Consensus revenue $3.36B Calendar consensus
Report date Oct 29, 2026 Thursday, date estimated
Session Before market open 39 days away

Where HII left off: FY2026 Q1

Full report

HII Beats Q1 Estimates but Stock Slides 10% as Guidance Holds Steady

EPS surprise +2.4% Reported $3.79 vs $3.70
Revenue surprise +2.6% Reported $3.10B vs $3.02B
Stock move -10.2% Event window
Subsequent drift -11.8% Up to 20 sessions

Management maintained full-year 2026 guidance rather than raising it, a shift from the prior quarter's raised outlook. Q2 shipbuilding revenue was guided to approximately $2.4 billion with free cash flow near breakeven. The company still needs to generate roughly $1 billion in free cash flow in the back half of 2026. In the prior quarter, medium-term shipbuilding revenue growth guidance was lifted to approximately 6%, and 2026 free cash flow outlook was raised to $500-$600 million. Capex outlook remains increasing, with hundreds of millions planned for Newport News capital projects.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Margin pressure at Ingalls due to LHA 8 adjustments and schedule delays
  • Reliance on timely award of Virginia-class and Columbia-class submarine contracts
  • Workforce attrition and the time lag for wage-increase-driven hiring improvements
  • Potential variability in Q2 free cash flow from timing of contract awards and capex
  • Uncertainty around tax rate despite expectation of a 17% effective rate for 2026

Questions analysts left open

  • Potential upside from battleship and frigate programs and its impact on guidance
  • Visibility on achieving $1 billion free cash flow in the back half of the year
  • Margin benefit from expected Newport News contract modifications
  • Schedule delays for LHA 8, 9, and 10 and their effect on profitability
  • Progress of the Hyundai partnership and its effect on capacity

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Recent HII quarters

All HII earnings
-10.2%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.