Filing Flows › Huntington Ingalls Industries (HII) › Q1 2026
Huntington Ingalls Industries (HII) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Huntington Ingalls Industries (HII) reported revenue of $3.1B for the first quarter 2026 (Q1 2026), +13% from a year earlier and -11% from the quarter before. Operating margin was 5.0%, net earnings $149M (4.8% of revenue).
Huntington Ingalls Industries, Q1 2026: revenue $3.1B (+13% year over year), operating margin 5.0%, net earnings $149M, operating cash flow −$390M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1B | -11% | +13% |
| Operating profit | $155M | -10% | -4% |
| Net earnings | $149M | -6% | 0% |
| Operating cash flow | −$390M | -160% | — |
What changed
Revenue was $3.1B in Q1 2026, up 13% year over year and down 11% from the previous quarter. Product was the largest line at 65% of revenue. Product added $0.29B year over year (up 17%), 80% of the total change.
Operating profit was $0.15B, a 5.0% margin (down 0.9 points year over year). Operating profit fell $0.01B even though revenue rose $0.36B versus Q1 2025, so costs grew faster than sales. Total costs grew 14% against revenue growth of 13%. The fastest-growing cost line was Other operating costs (+15%). Net earnings were $0.15B, roughly flat year over year. The effective tax rate was 20.7%.
Operating cash flow was −$0.39B. Non-cash charges added back $0.08B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.64B. Capital expenditures of $0.07B exceeded it, leaving free cash flow of −$0.46B.
Questions
What was Huntington Ingalls Industries' revenue in the first quarter 2026?
Huntington Ingalls Industries (HII) reported revenue of $3.1B for the first quarter 2026 (Q1 2026), +13% from a year earlier and -11% from the quarter before.
Was Huntington Ingalls Industries profitable in the first quarter 2026?
Operating profit was $155M (5.0% of revenue) and net earnings $149M.