Quarterly ResultJul 29, 2026, 08:07 AM
General Dynamics Q2 Revenue $14.1B, EPS $4.24; Backlog $136.5B
AI Summary
General Dynamics reported strong second-quarter 2026 financial results, with revenue increasing 8.1% to $14.1 billion and diluted EPS rising 13.4% to $4.24. The company generated $1.9 billion in cash from operating activities and achieved a robust company-wide book-to-bill ratio of 1.4-to-1. All four segments contributed to revenue growth, with notable double-digit increases in Aerospace and Marine Systems, reflecting strong execution and demand.
Key Highlights
- Revenue increased 8.1% to $14.1 billion compared to the prior year.
- Diluted EPS rose 13.4% to $4.24 versus the prior year.
- Operating earnings grew 11.9% to $1.5 billion, with an operating margin of 10.4%.
- Net cash provided by operating activities was $1.9 billion, 162% of net earnings.
- Company-wide book-to-bill ratio was strong at 1.4-to-1, with total orders of $20 billion.
- Backlog at quarter-end reached $136.5 billion, with total estimated contract value at $186.9 billion.
- Aerospace segment revenue increased 15.1% to $3.525 billion, with operating earnings up 26.6%.
- Marine Systems segment revenue grew 10.4% to $4.660 billion, with operating earnings up 17.5%.
Price Impact
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