General Dynamics Q1 2026 earnings beat estimates

Analysts had projected EPS of $3.68 and gross of $12.71 billion, according to Reuters.

Among the 4 segments, Marine Systems posted the largest year-over-year gain, with gross climbing to $4.34 billion, a 21% increase. Combat Systems gross roseate 4.9% to $2.28 billion. Gulfstream concern pitchy shaper Aerospace brought successful $3.28 billion, 8.4% much than a twelvemonth ago, and delivered 38 craft during the 4th compared with 36 successful the aforesaid play past year. The Technologies conception added 4.2% to scope $3.58 billion.

Order enactment was beardown crossed the business. Total bookings reached $26.6 cardinal for the quarter, putting the companywide book-to-bill ratio astatine 2-to-1, the institution said. Defense segments ran astatine 2.2-to-1. Total estimated declaration worth stood astatine $188.4 cardinal astatine the extremity of the quarter, up from $178.9 cardinal astatine the extremity of 2025.

On the currency side, General Dynamics generated $2.2 cardinal from operations, reversing a $148 cardinal outflow posted successful the archetypal 4th of 2025, and represented 192% of nett earnings. Free currency travel turned affirmative astatine $1.95 cardinal aft coming successful astatine antagonistic $290 cardinal a twelvemonth earlier, aided by $764 cardinal successful further lawsuit beforehand payments, the institution said. General Dynamics ended the 4th with $3.65 cardinal successful currency and equivalents.

"Our businesses had a precise bully commencement to the year, delivering beardown operating results and fantabulous currency conversion," CEO Phebe Novakovic said successful a statement.

General Dynamics banal roseate 7% successful premarket trading aft the results were published.