HII earnings date and guidance
MyStockButler's October 2026 analysis: HII’s next results are expected on October 29, 2026. The key watch is whether improving production is bringing HII’s year-end cash target within reach.
What has HII guided for 2026?
Management guides to 2026 shipbuilding revenue of $10.2–$10.4 billion. It targets a 6.0%–6.5% operating margin, $500–$600 million of free cash flow and 15% shipbuilding throughput improvement. The cash target depends on a strong second half.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| Shipbuilding Revenue | Year to Dec 2026 | 10,200 | 10,400 | Jul 30, 2026 |
| Shipbuilding Operating Margin | Year to Dec 2026 | 6.0% | 6.5% | Jul 30, 2026 |
| Free Cash Flow | Year to Dec 2026 | 500 | 600 | Jul 30, 2026 |
| shipbuilding throughput improvement goal | Year to Dec 2026 | 15.0% | 15.0% | Jul 30, 2026 |
Did HII keep its past promises?
The record is mixed. Revenue has finished above guidance twice, within it once and below it twice; margins have missed twice; and free cash flow has exceeded guidance three times and missed twice.
| What management forecast | Checked | Above | Within | Below |
|---|---|---|---|---|
| Shipbuilding Revenue | 5 years | 2 | 1 | 2 |
| Shipbuilding Operating Margin | 5 years | 1 | 2 | 2 |
| Free Cash Flow | 5 years | 3 | 0 | 2 |
What has HII’s revenue and profit trend been?
Revenue rose 10.9% year on year to $3,418 million. Operating income rose to $210 million from $163 million, while diluted EPS increased to $5.27 from $3.86. Gross margin nevertheless slipped to 12.6% from 12.8%, so the higher operating profit did not come from a clear improvement in gross profit per dollar of sales.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,418 | 3,099 | 3,476 | 3,192 | 3,082 | 2,734 | 3,004 | 2,749 |
| Gross margin | 12.6% | 13.2% | 11.6% | 12.3% | 12.8% | 14.4% | 10.7% | 11.7% |
| Operating income | 210 | 155 | 172 | 161 | 163 | 161 | 110 | 82 |
| Net income | 208 | 149 | 159 | 145 | 152 | 149 | 123 | 101 |
| EPS, diluted | 5.27 | 3.79 | 4.04 | 3.68 | 3.86 | 3.79 | 3.15 | 2.56 |
What should I watch in HII’s next results?
The October 29, 2026 results must show whether improving production is bringing HII’s year-end cash target within reach.
The first test is cash quality. Investors should separate customer advances, incentives and tax timing from receipts earned through completed work. An advance improves liquidity now but leaves future work to finance; a tax benefit improves cash without proving better shipbuilding efficiency.