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General Dynamics GD Q2 2026 earnings

Reported July 29, 2026 · Before market open

Revenue$14.1BBeat by $571.9M
EPS$4.24Beat by $0.28
Revenue estimate$13.5B
EPS estimate$3.96
“We are well positioned to support our customers' needs and are continuing to make significant investments to increase output to meet strong and growing demand.”
Phebe Novakovic

Next report

Oct 28, 2026 (In 2 weeks)
Revenue estimate$13.8B
EPS estimate$4.14

Financials

Q2 2026

Income statement

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Revenue$14.1B+8.1%
Operating income$1.5B+11.9%
Net income$1.2B+14.4%
EPS (diluted)$4.24+13.4%

Balance sheet

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Cash & equivalents$4.3B+185%
Total debt$10.8B+1.0%
Total equity$26.8B+13.8%
Total assets$60.2B+5.8%

Cash flow

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Operating cash flow$1.9B+17.6%
CapEx$234.0M+18.2%
Free cash flow$1.6B+17.6%

Valuation & ratios

Valuation

as of 10/08/26
See full
Market cap$88.37B-5.2%
Enterprise value$94.83B-5.7%
P/E19.7×-2.4×
P/S1.6×-0.2×

Profitability

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Operating margin10.3%0.0pp
Net margin8.2%+0.1pp
FCF margin11.8%+3.5pp

Returns & leverage

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Return on equity17.8%-0.1pp
Debt / equity0.4×-0.1×
Current ratio1.4×+0.1×

Segments

By segment

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Marine Systems$4.7B+10.4%
Technologies$3.6B+4.1%
Aerospace$3.5B+15.1%
Combat Systems$2.3B+0.3%

FAQ

When did General Dynamics report Q2 2026 earnings?
General Dynamics (GD) reported Q2 2026 earnings on July 29, 2026 before market open.
What were General Dynamics's Q2 2026 revenue and EPS?
General Dynamics reported revenue of $14.1B and eps of $4.24 for Q2 2026.
Did General Dynamics beat estimates in Q2 2026?
Revenue beat the consensus estimate of $13.5B by $571.9M. EPS beat the consensus estimate of $3.96 by $0.28.
How did General Dynamics's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.1% from $13.0B a year earlier and eps grew 13.4% from $3.74.
Where can I find General Dynamics's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000040533-26-000029) and the 10-Q periodic report (0000040533-26-000032) directly on SEC EDGAR. The filing index links above go to sec.gov.