General Dynamics Corp NYSE:GD Price, Chart, News & Insight

General Dynamics Stock Falls After Strong Q2 Results and Robust Defense Demand

General Dynamics (NYSE: GD) shares fall 1% on Wednesday after the defense contractor reported solid second-quarter results, highlighted by broad-based revenue growth, expanding margins, and strong order activity across all business segments.

The company reported second-quarter revenue of $14.1 billion, up 8.1% year over year, while diluted EPS increased 13.4% to $4.24. Operating earnings rose 11.9% to $1.5 billion, and operating margin expanded 40 basis points to 10.4%, reflecting improved execution across the business.

Growth was broad-based, with all four operating segments posting higher revenue. Aerospace and Marine Systems delivered particularly strong performance, achieving double-digit revenue growth and meaningful margin expansion as production rates increased to meet customer demand.

General Dynamics also generated strong cash flow during the quarter, producing $1.9 billion in operating cash flow, equivalent to 162% of net earnings. The company continued strengthening its balance sheet by reducing debt by nearly $500 million while returning $429 million to shareholders through dividends.

Demand remained exceptionally strong. The company secured $20 billion in new orders during the quarter, resulting in a company-wide book-to-bill ratio of 1.4, meaning new orders significantly exceeded revenue recognized during the period. Backlog increased to $136.5 billion, while total estimated contract value reached $186.9 billion, providing substantial long-term revenue visibility.

Management emphasized continued investment to expand production capacity in response to growing defense and aerospace demand, positioning the company to execute on its record backlog.

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The Investor 07-29-26

General Dynamics reported strong first-quarter 2026 results, driven by broad-based growth and robust order activity.

Revenue increased 10.3% year-over-year to $13.5 billion, with all four business segments contributing to the expansion. Profitability also improved, as diluted EPS rose 12% to $4.10, while operating margin stood at 10.5%.

The company generated strong cash flow, with $2.2 billion in operating cash—equivalent to 192% of net earnings—highlighting excellent cash conversion. During the quarter, General Dynamics returned capital to shareholders through $405 million in dividends and continued investing in its operations.

Order activity remained a key strength, with total orders reaching $26.6 billion and a solid book-to-bill ratio of 2.0, indicating strong future revenue visibility. The company ended the quarter with a substantial total estimated contract value of $188.4 billion, including a backlog of $130.8 billion.

Source: Company press release

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Global Finance News 04-30-26

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WS Investor 01-11-26

General Dynamics announced today that Danny Deep, currently executive vice president, Global Operations, has been promoted to president of the company.

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Global Finance News 12-07-25

General Dynamics Reports Strong Q3 2025 Results with Double-Digit Growth and Robust Order Activity

General Dynamics (NYSE: GD) reported third-quarter 2025 revenue of $12.9 billion, up 10.6% from the same period last year, driven by strong performance across all business segments. Diluted EPS rose 15.8% to $3.88, and operating earnings increased 12.7% to $1.3 billion, resulting in an operating margin of 10.3%, up 20 basis points year-over-year.

CEO Phebe Novakovic highlighted the company’s broad-based growth, noting particularly strong results in the Aerospace segment, which grew 30.3% in revenue and expanded margins by 100 basis points as demand for business jets remained robust.

Operating cash flow reached $2.1 billion, equal to 199% of net earnings. General Dynamics returned $403 million to shareholders through dividends, invested $212 million in capital expenditures, and ended the quarter with $8 billion in debt and $2.5 billion in cash.

Order activity was exceptionally strong, with $19.3 billion in new orders and a book-to-bill ratio of 1.5-to-1. Total estimated contract value climbed to $167.7 billion, including $109.9 billion in backlog and $57.8 billion in potential contract value from unfunded and unexercised options.

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The Investor 10-25-25

General Dynamics Wins U.S. Navy Contract for Additional DDG 51 Destroyer

General Dynamics Bath Iron Works, a division of General Dynamics (NYSE: GD), announced that the U.S. Navy has exercised an option to purchase an additional Arleigh Burke-class (DDG 51) destroyer under the multi-year contract awarded in 2023.

President Charles F. Krugh credited the Bath Iron Works team for construction improvements and acknowledged Congressional support in securing the ship through the FY2025 Defense Appropriations Bill.

Bath Iron Works is currently building several destroyers, including both Flight IIA and Flight III variants. General Dynamics employs over 110,000 people worldwide and reported $47.7 billion in revenue for 2024.

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WS Investor 08-01-25

General Dynamics Appoints Danny Deep as EVP of Global Operations

General Dynamics has promoted Danny Deep to Executive Vice President of Global Operations, effective June 4, 2025. Previously EVP of Combat Systems, Deep will now oversee global operational strategy. His new compensation includes a $1.2 million base salary, a 130% target annual incentive, and equity-based long-term incentives aligned with the company’s 2025 proxy statement.

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ME NEWS 06-10-25

The board of directors of General Dynamics (NYSE: GD) today declared a regular quarterly dividend of $1.50 per share on the company's common stock, payable August 8, 2025, to shareholders of record on July 3, 2025

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WS News 06-06-25

General Dynamics Shareholders Approve Board Slate and Executive Pay, Reject Human Rights Proposal

At its annual meeting, General Dynamics shareholders elected all 13 director nominees, including CEO Phebe N. Novakovic and former Secretary of Defense James N. Mattis. Each candidate received strong support, with Mark M. Malcolm earning the highest approval. Shareholders also approved KPMG LLP as the company’s independent auditor for 2025 and endorsed the company’s executive compensation on an advisory basis. However, a shareholder proposal requesting a human rights impact assessment report was decisively rejected by over 94% of votes cast.

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ME NEWS 05-12-25

General Dynamics reports first-quarter 2025 financial results

General Dynamics reported strong first-quarter results with revenue rising 13.9% year-over-year to $12.2 billion. Diluted earnings per share reached $3.66, an increase of 27.1% compared to the same period last year.

Operating margins expanded by 70 basis points overall, with the aerospace segment showing particularly strong performance. Aerospace earnings surged 69.4% year-over-year, accompanied by a 210-basis-point improvement in segment margin.

The company’s results reflect solid demand and improved operational efficiency across its business segments.

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European Investor 04-24-25

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