General Dynamics Q2 2026: revenue up 8.1%, EPS $4.24 beats consensus
General Dynamics grew revenue 8.1% to $14.09 billion and diluted EPS 13.4% to $4.24 in the fiscal 2026 second quarter, beating the $4.0905 consensus EPS estimate, while operating margin expanded to 10.4%. Aerospace and Marine Systems did the heavy lifting, and a 1.4-to-1 book-to-bill lifted backlog to $136.5 billion. The read: execution is improving and cash conversion is strong, but Combat Systems is standing still.
1 · Expected vs. Actual
Free preview belowDiluted EPS of $4.24 rose 13.4% year over year and came in ahead of the $4.0905 consensus estimate, on net income of $1.16 billion. Operating earnings of $1.46 billion rose 11.9% and operating margin widened to 10.4% from 10.0%, so the beat came from operations rather than one-off items. Interest expense falling to $49 million from $88 million also gave earnings a lift.
Revenue reached $14.09 billion, up 8.1% from $13.04 billion a year earlier, with growth in all four segments. Aerospace rose 15.1% and Marine Systems 10.4%, while Combat Systems was nearly flat at 0.3%. The mix matters: the two fastest-growing units also expanded margins, so the growth is coming where the profit is.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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