Huntington Ingalls quarterly profit rises, lifts annual shipbuilding revenue forecast

• The results come as Huntington works through labor and supply-chain challenges that have pressured its costs in recent years.
• Demand for submarines and aircraft carriers remains buoyed by geopolitical tensions and a U.S. push to expand naval capacity.
• Huntington's quarterly growth was driven by higher production volumes at Newport News and Ingalls, where management had highlighted hiring, distributed shipbuilding and throughput improvements as key priorities for 2026.

The company expects full-year shipbuilding revenue to range between $10.2 billion and $10.4 billion, up from its prior view of $9.7 billion to $9.9 billion.

Total operating margin was 6.1% during the second quarter, compared with 5% in the previous quarter and 5.3% a year ago.

July 30 (Reuters) - Huntington Ingalls raised its 2026 shipbuilding revenue forecast on Thursday, after posting an over 18% rise in second-quarter profit, as stronger demand and improved execution at its Newport News and Ingalls shipyards boosted sales and margins.

Shares of the U.S. military shipbuilder jumped 13% before the bell following the results.

For the quarter ended June 30, total sales and services revenue rose nearly 11% to from a year ago. Second-quarter profit came in at , compared with a year ago.