HighGravityDataHuntington Ingalls Industries — Jul 30, 2026 release
Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001501585-26-000045
Showing in the filing
Shipbuilding throughput improvement goal
“15%”
Period
FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 17
Shipbuilding throughput improvement goal for FY2026
“15%”
Shipbuilding revenue for FY2026
“between $10.2 and $10.4 billion”
Shipbuilding operating margin for FY2026
“between 6.0% and 6.5%”
FY26 Mission Technologies revenue for FY2026
“between $3.0 and $3.2 billion”
Mission Technologies Segment Operating Margin for FY2026
“approximately 5%”
Mission Technologies EBITDA Margin for FY2026
“between 8.4% and 8.6%”
FY26 free cash flow for FY2026
“between $500 and $600 million”
Shipbuilding Revenue for FY2026
“$10.2B - $10.4B”
Mission Technologies Revenue for FY2026
“$3.0B - $3.2B”
Operating FAS/CAS Adjustment for FY2026
“($44M)”
Non-current State Income Tax Expense for FY2026
“~($20M)”
Interest Expense for FY2026
“($105M)”
Non-operating Retirement Benefit for FY2026
“$213M”
Effective Tax Rate for FY2026
“~17%”
Depreciation & Amortization for FY2026
“~$330M”
Capital Expenditures for FY2026
“4% - 5% of Sales”
Free Cash Flow for FY2026
“$500M - $600M”
Exhibit 99.1 · the passage around this item
… earlier in the release
New contract awards in the second quarter of 2026 were $6.7 billion, bringing total backlog to $57.3 billion as of June 30, 2026. “We continued to make good progress on our 2026 operational initiatives, with plans in place to achieve our shipbuilding throughput improvement goal of 15%. Given the significant shipbuilding demand and our proven ability to drive higher throughput, we are pleased to increase our top line expectations for the full year while lifting the lower end of our margin expectations as we remain focused on execution," said Chris Kastner, HII’s president and CEO. 1 The financial outlook, expectations, and other forward-looking statements provided by the company for 2026 and beyond reflect the company's judgment based on information available at the time of this release. Please see the "Forward-looking Statements" section in this release and our Form 10-Q for factors that may impact the company's ability to meet expectations. 2 Non-GAAP measures. See Exhibit B for definitions and reconciliations. HII 4101 Washington Ave. • Newport News, VA 23607 www.HII.com Page 1 of 12 Results of Operations Three Months Ended Six Months Ended June 30 June 30 ($ in millions, except per share amounts) 2026 2025 $ Change % Change 2026 2025 $ Change % Change Sales and service revenues $ 3,418 $ 3,082 $ 336 10.9 % $ 6,517 $ 5,816 $ 701 12.1 % Operating income 210 163 47 28.8 % 365 324 41 12.7 % Operating margin % 6.1 % 5.3 % 86 bps 5.6 % 5
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.