Form 10-Q · Quarterly report
Huntington Ingalls Industries 10-Q, filed Jul 30, 2026
- Filed
- CIK
- 0001501585
- Accession no.
- 0001501585-26-000047
Summary
Huntington Ingalls Industries reported second-quarter 2026 sales and service revenues of $3.42 billion, up 11% from a year earlier, and net earnings of $208 million, up 37%, driven by higher volumes at its Newport News and Ingalls shipbuilding segments. The company said the President's fiscal 2027 budget request, still under consideration by Congress, recommends $65.8 billion for shipbuilding procurement, including one Columbia-class submarine, two Virginia-class submarines, one Arleigh Burke-class destroyer, one San Antonio-class transport dock, one America-class assault ship, and the first Frigate-class ship, plus advance procurement funding for the lead ship of the Trump-class (BBG(X)) battleship program.
Key points
- Second-quarter 2026 net earnings rose 37% to $208 million on sales of $3.42 billion, and six-month net earnings rose 19% to $357 million on sales of $6.52 billion.
- The fiscal 2027 shipbuilding request comprises $60.2 billion in discretionary funding for the shipbuilding construction account plus $5.6 billion in mandatory funding.
- The House Appropriations Committee voted out a defense appropriations measure supporting the President's topline request, while the Senate Appropriations Committee has not yet held markups.
- HII said it cannot predict the outcome of the fiscal 2027 budget process or whether a short-term funding measure will be provided if appropriations are not finalized by October 1.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management's Discussion OVERVIEW Our Business Huntington Ingalls Industries, Inc. ("HII", "we", "us", or "our") is a global, all-domain defense partner, building and delivering the world’s most powerful, survivable naval ships and technologies that safeguard America’s seas, sky, land, space, and cyber. For more than a century, our Ingalls Shipbuilding segment ("Ingalls") in Mississippi and Newport News Shipbuilding segment ("Newport News") in Virginia have built more ships in more ship classes than any other U.S. naval shipbuilder, making us America's largest shipbuilder. …
An excerpt of the text as filed with the SEC, cut for length.
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