Earnings Releases·Oct 30, 2026, 8:09 AM ET

General Dynamics — Third Quarter 2026 Earnings Summary

Revenue reached $14.6 billion (up 12.9% YoY) with diluted EPS of $4.49 (up 15.7% YoY), while operating margin expanded 20 basis points to 10.5%.
Total backlog grew to $220.3 billion from $109.9 billion in Q3 2025, supported by $98.8 billion in new orders and an estimated potential contract value of $50.4 billion.
All four business segments delivered revenue growth, led by Marine Systems (+21.1%) and Technologies (+10.8%), with net debt reduced to $2.6 billion from $5.7 billion at the end of 2025.
Capital return initiatives included $429 million in quarterly dividends and $604 million in common stock purchases over the nine-month period.