General Dynamics Reports Third-Quarter 2026 Financial Results
Key Highlights
- ➤Q3 revenue $14.6 billion, up 12.9% year over year
- ➤Diluted EPS $4.49, up 15.7% year over year
- ➤Defense orders $93.8 billion, driven by Virginia- and Columbia-class submarine contracts
- ➤Backlog $220.3 billion, with total estimated contract value of $270.7 billion
- ➤Operating cash flow $1.7 billion; debt reduced by $500 million
Expert Statements
Phebe Novakovic, Chairman and chief executive officer of General Dynamics
“Our business had exceptional third quarter results, with revenue growth across all four segments, robust bookings and solid operational performance,”
Phebe Novakovic, Chairman and chief executive officer of General Dynamics
“With the consistent growth in our backlog and our significant investment in our businesses over the last decade, we are poised to drive continued performance in the years to come.”
General Dynamics Reports Third-Quarter 2026 Financial Results PR Newswire
* Revenue $14.6 billion, up 12.9% versus prior year * Diluted EPS $4.49, up 15.7% versus prior year * $1.7 billion cash from operating activities, 139% of net earnings * 6.8-to-1 book-to-bill, $220 billion backlog RESTON, Va., Oct. 30, 2026 /PRNewswire/ -- General Dynamics (NYSE: GD) today reported third-quarter 2026 operating earnings of $1.5 billion, and $4.49 per diluted share (EPS), on revenue of $14.6 billion. Compared with the year-ago quarter, revenue increased 12.9%, operating earnings increased 14.7%, and diluted EPS increased 15.7%. Operating margin of 10.5% was a 20-basis-point expansion from the year-ago quarter.
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