General Dynamics — Third Quarter 2026 Earnings Summary

General Dynamics reported third-quarter 2026 revenue of $14.6 billion, representing a 12.9% increase from the prior year, with diluted earnings per share rising 15.7% to $4.49. The company secured $98.8 billion in new orders during the quarter, driving a book-to-bill ratio of 6.8-to-1 and expanding its total backlog to $220.3 billion. Operating cash flow for the quarter totaled $1.7 billion, while the company reduced its total debt by $500 million to end the period with $7 billion in debt and $4.4 billion in cash and equivalents.