General Dynamics (NYSE:GD) Issues FY 2026 Earnings Guidance

General Dynamics (NYSE:GD) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 16.800-16.900 for the period, compared to the consensus earnings per share estimate of 16.670. The company issued revenue guidance of $55.7 billion-$55.7 billion, compared to the consensus revenue estimate of $55.2 billion.

General Dynamics Stock Down 0.2%

Shares of NYSE:GD traded down $0.71 during trading on Thursday, hitting $380.25. The stock had a trading volume of 554,348 shares, compared to its average volume of 1,356,332. The company has a market capitalization of $102.83 billion, a PE ratio of 23.93, a PEG ratio of 2.37 and a beta of 0.34. The company has a quick ratio of 0.90, a current ratio of 1.38 and a debt-to-equity ratio of 0.24. The firm’s fifty day moving average is $359.03 and its 200 day moving average is $352.49. General Dynamics has a 12 month low of $306.03 and a 12 month high of $400.00.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.28. The company had revenue of $14.09 billion for the quarter, compared to analyst estimates of $13.52 billion. General Dynamics had a return on equity of 17.41% and a net margin of 8.07%.The firm’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Analysts anticipate that General Dynamics will post 16.66 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 2nd will be given a $1.59 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.7%. General Dynamics’s dividend payout ratio is currently 40.03%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on GD shares. The Goldman Sachs Group decreased their price target on shares of General Dynamics from $327.00 to $313.00 and set a “sell” rating for the company in a research note on Monday, May 4th. Wall Street Zen upgraded General Dynamics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 13th. Wells Fargo & Company assumed coverage on General Dynamics in a research note on Wednesday, April 1st. They set an “overweight” rating and a $400.00 price objective for the company. DA Davidson cut their target price on General Dynamics from $384.00 to $375.00 in a research note on Thursday, April 30th. Finally, UBS Group upgraded General Dynamics from a “neutral” rating to a “buy” rating in a report on Thursday, June 11th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, General Dynamics presently has a consensus rating of “Moderate Buy” and a consensus target price of $400.26.

Insiders Place Their Bets

In other news, EVP Mark Lagrand Burns sold 36,480 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $345.29, for a total transaction of $12,596,179.20. Following the completion of the sale, the executive vice president owned 38,975 shares of the company’s stock, valued at $13,457,677.75. The trade was a 48.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark Malcolm sold 5,480 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total value of $2,000,200.00. Following the completion of the sale, the director owned 10,643 shares of the company’s stock, valued at approximately $3,884,695. The trade was a 33.99% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 78,190 shares of company stock valued at $27,041,022. 1.40% of the stock is owned by company insiders.

Trending Headlines about General Dynamics

Here are the key news stories impacting General Dynamics this week:

• Positive Sentiment: Strong Q2 earnings and guidance: General Dynamics reported second-quarter revenue of $14.1 billion, up 8.1% year over year, and diluted EPS of $4.24, exceeding consensus estimates near $3.96. All four business segments grew, while operating margin expanded to 10.4%. The company raised or reaffirmed above-consensus 2026 guidance of $16.80-$16.90 EPS and approximately $55.7 billion in revenue. General Dynamics Reports Second-Quarter 2026 Financial Results
• Positive Sentiment: Record submarine contract boosts visibility: General Dynamics Electric Boat received a $76.6 billion U.S. Navy award covering five Columbia-class and nine Virginia-class submarines, plus shipyard infrastructure support. The multidecade program materially strengthens backlog and provides long-term revenue and cash-flow visibility. General Dynamics Electric Boat awarded construction contracts for 14 submarines
• Positive Sentiment: Demand and cash generation remain healthy: Quarterly orders reached $20 billion, producing a 1.4-to-1 book-to-bill ratio and a record $136.5 billion backlog. Operating cash flow was $1.9 billion, supporting dividends and investment. General Dynamics Q2 revenue rises 8.1%
• Neutral Sentiment: Valuation is still debated: A discounted-cash-flow analysis cited in recent coverage suggests GD may remain below estimated intrinsic value, but the stock’s roughly 116% five-year return and trading near its annual high raise the possibility that much of the positive news is already reflected in the shares. Is General Dynamics Reasonable After Its $76.6B Submarine Win?
• Negative Sentiment: Investors remain cautious about execution: Supply-chain constraints, margin pressure, and limited visibility into future U.S. defense spending temper the bullish earnings and backlog story. William Blair maintained a Hold rating, which may encourage profit-taking after the recent rally. Balanced View on General Dynamics

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GD. Ankerstar Wealth LLC purchased a new stake in shares of General Dynamics during the fourth quarter worth about $37,000. JPL Wealth Management LLC bought a new position in General Dynamics in the 3rd quarter worth approximately $40,000. Advocate Investing Services LLC purchased a new stake in General Dynamics during the 4th quarter valued at approximately $44,000. Chapman Financial Group LLC bought a new stake in shares of General Dynamics during the second quarter valued at approximately $43,000. Finally, Wealth Watch Advisors INC bought a new stake in shares of General Dynamics during the third quarter valued at approximately $56,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Company Profile

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.