# HII Raises Shipbuilding Sales Forecast as Quarterly Profit Grows

The Navy shipbuilder reported $3.5 billion in revenue and higher earnings, although profitability declined at Ingalls.

By Will Langan | 24X7 News
Published: 2026-10-29T13:09:18.984Z
Updated: 2026-10-29T13:09:18.984Z
Section: Business
Format: News
Canonical: https://24x7news.us/articles/hii-third-quarter-results-october-29-2026

HII raised its annual shipbuilding revenue forecast October 29 after reporting third-quarter sales of $3.5 billion, up 10.8% from a year earlier.

The company now expects shipbuilding revenue of $10.5 billion–$10.7 billion, compared with its previous $10.2 billion–$10.4 billion range. It maintained its forecast for a 6%–6.5% shipbuilding operating margin.

Quarterly net earnings rose to $217 million from $145 million. Diluted earnings increased to $5.48 per share from $3.68, while the overall operating margin widened to 7% from 5%.

Performance differed across shipyards. Newport News revenue rose 18.1% to $1.91 billion, with higher submarine and aircraft-carrier volumes. At Ingalls, revenue increased 5.8% to $876 million, but segment operating income fell to $59 million from $65 million. HII attributed that decline primarily to lower performance on surface combatants.

Operating cash flow increased to $520 million from $118 million. The company maintained its annual free-cash-flow forecast of $500 million–$600 million.

The annual outlook represents management’s expectations rather than completed results.

Sources:
HII — Third-Quarter Results, Distributed Through GlobeNewswire: https://www.stocktitan.net/news/HII/hii-reports-third-quarter-2026-tjn7w6starfe.html

## Sources
- HII — Third-Quarter Results, Distributed Through GlobeNewswire: https://www.stocktitan.net/news/HII/hii-reports-third-quarter-2026-tjn7w6starfe.html