Huntington Ingalls Industries, Inc. · NYSE:HII
Huntington Ingalls Industries — Q2 2026 Earnings Presentation
15 slides from Huntington Ingalls Industries's earnings presentation, Jul 30, 2026
Slide 1: Q2 2026 Earnings Call
Q2 2026 Earnings Call Chris Kastner President and CEO Tom Stiehle EVP and CFO Brian Blanchette EVP and President, Ingalls Shipbuilding July 30, 2026
Slide 2: Cautionary Statement Regarding Forward-looking Statements
Cautionary Statement Regarding Forward-looking Statements Statements in this presentation, as well as other statements we may make from time to time, other than statements of historical fact, constitute "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act
Slide 3: HII Investment Thesis
Over the course of 2026 & 2027: Expect significant contract awards that establish balanced risk equation and have margins more consistent with historical norms HII Working through the majority of challenged pre-COVID contracts, INVESTMENT THESIS focused on enhancing throughput and reducing cost – To
Slide 4: Shipbuilding Milestones
Shipbuilding Milestones1 Milestones On-track and Unchanged; 5 Deliveries Planned for 2026-2027 2026 2027 Ingalls Newport News Ingalls Newport News Shipbuilding Shipbuilding Shipbuilding Shipbuilding ✓ Deliver DDG 128* » Preliminary » Deliver DDG 129 » Redeliver CVN 74 ✓ Launch DDG 131 Acceptance CVN
Slide 5: HII Q2 2026 Revenue
HII Q2 2026 Revenue CONSOLIDATED REVENUE ($M) Three Months Ended June 30 ($M) 2025 2026 % Change $3,418 Ingalls $3,082 Shipbuilding 724 845 16.7% Newport News Shipbuilding 1,603 1,849 15.3% Mission Technologies 791 760 (3.9)% Eliminations (36) (36) - Q225 Q226 Total 3,082 3,418 10.9% YoY variance dr
Slide 6: HII Q2 2026 Segment Operating Income
HII Q2 2026 Segment Operating Income1 SEGMENT OPERATING INCOME1 ($M) & MARGIN1% $224 Three Months Ended June 30 ($M) 2025 2026 % Change $172 Ingalls 6.6% Shipbuilding 54 58 7.4% 5.6% Newport News 6.1% Shipbuilding 82 9.8% 111 35.4% Mission Technologies 36 55 3.7% 52.8% Total 172 224 30.2% Q225 Q226
Slide 7: HII Q2 2026 Capital Deployment
HII Q2 2026 Capital Deployment FREE CASH FLOW1 ($M) $1,000 $823 $800 $730 $600 $400 $200 $0 ($31) ($200) ($93) ($119) ($150) Q225 Q226 Cash Provided By (Used In) Ops. CAPEX Free Cash Flow1 • Cash balance of $12 million and liquidity of • Q2 2026 dividend totaled $55 million $1.7 billion at quarter e
Slide 8: HII Outlook
HII Outlook1 FY26 OUTLOOK1 HII Medium Term2 Revenue Growth of ~6% FY26 Outlook1 • Shipbuilding medium term2 revenue growth of ~6% Shipbuilding Revenue $10.2B - $10.4B • Additional upside from recently announced frigate and battleship Shipbuilding Operating Margin3 6.0% - 6.5% • Mission Technologies
Slide 9: Appendix
Appendix Q2 2026 EARNINGS 9
Slide 10: Non-GAAP Information
Non-GAAP Information This earnings presentation contains non-GAAP (accounting principles generally accepted in the United States of America) financial measures as defined by SEC Regulation G and indicated by a footnote in the text of this presentation. Definitions for the non-GAAP measures, and rela
Slide 11: Non-GAAP Reconciliations: Segment Operating Income & Segment Operating Margin
Non-GAAP Reconciliations Segment Operating Income & Segment Operating Margin Three Months Ended Six Months Ended June 30 June 30 ($ in millions) 2026 2025 2026 2025 Ingalls revenues 845 724 1,570 1,361 Newport News revenues 1,849 1,603 3,514 2,999 Mission Technologies revenues 760 791 1,508 1,526 In
Slide 12: Non-GAAP Reconciliations: Shipbuilding Operating Margin
Non-GAAP Reconciliations Shipbuilding Operating Margin Three Months Ended Six Months Ended June 30 June 30 ($ in millions) 2026 2025 2026 2025 Sales and service revenues 3,418 3,082 6,517 5,816 Mission Technologies (760) (791) (1,508) (1,526) Intersegment eliminations 36 36 75 70 Shipbuilding Revenu
Slide 13: Non-GAAP Reconciliations: Free Cash Flow
Non-GAAP Reconciliations Free Cash Flow Three Months Ended Six Months Ended June 30 June 30 ($ in millions) 2026 2025 2026 2025 Net cash provided by (used in) operating activities (31) 823 (421) 428 Less capital expenditures: Capital expenditure additions (119) (96) (193) (163) Grant proceeds for ca
Slide 14: Non-GAAP Reconciliations: Mission Technologies EBITDA & EBITDA Margin
Non-GAAP Reconciliations Mission Technologies EBITDA & EBITDA Margin Three Months Ended Six Months Ended June 30 June 30 ($ in millions) 2026 2025 2026 2025 Mission Technologies sales and service revenues 760 791 1,508 1,526 Mission Technologies segment operating income 55 36 90 76 Mission Technolog
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