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

General Dynamics (NYSE:GD) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 17.200-17.300 for the period, compared to the consensus EPS estimate of 17.000. The company issued revenue guidance of $56.5 billion-$56.8 billion, compared to the consensus revenue estimate of $55.9 billion.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wall Street Zen cut shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $384.00 price objective on shares of General Dynamics in a report on Thursday, July 30th. TD Cowen cut their price objective on General Dynamics from $420.00 to $380.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. Wells Fargo & Company increased their target price on General Dynamics from $400.00 to $440.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $455.00 target price on shares of General Dynamics in a research report on Monday. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $408.94.

General Dynamics Trading Up 0.0%

General Dynamics stock opened at $373.57 on Wednesday. The firm’s 50-day moving average is $351.02 and its 200-day moving average is $355.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.43. General Dynamics has a 1 year low of $306.77 and a 1 year high of $400.00. The company has a market cap of $100.95 billion, a P/E ratio of 21.97, a PEG ratio of 2.15 and a beta of 0.30.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Friday, October 30th. The aerospace company reported $4.49 EPS for the quarter, beating the consensus estimate of $4.12 by $0.37. The business had revenue of $14.57 billion during the quarter, compared to analyst estimates of $13.72 billion. General Dynamics had a net margin of 8.24% and a return on equity of 17.60%. The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the business posted $3.88 EPS. On average, equities analysts expect that General Dynamics will post 17.24 earnings per share for the current year.

Insider Activity at General Dynamics

In other news, Director Robert K. Steel sold 7,440 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $346.05, for a total transaction of $2,574,612.00. Following the sale, the director directly owned 3,096 shares in the company, valued at approximately $1,071,370.80. This represents a 70.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.40% of the company’s stock.

Key General Dynamics News

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

• Positive Sentiment: Raised guidance and strong results: General Dynamics lifted its 2026 EPS outlook to $17.20–$17.30, above the $17.00 consensus, and forecast revenue of $56.5–$56.8 billion versus $55.9 billion expected. Third-quarter EPS of $4.49 and revenue of $14.57 billion also exceeded estimates, with sales up 12.9% year over year. GD Q3 Earnings Call Highlights Raised Outlook and Record Backlog
• Positive Sentiment: Record backlog supports multi-year growth: The company reported a $220.3 billion backlog, while management cited robust demand and productivity improvements. Morgan Stanley raised its price target to $480 from $465 and kept an Overweight rating, pointing to Marine Systems gains and a Gulfstream delivery ramp. General Dynamics’ Marine Gains, Gulfstream Ramp to Support Multiyear Growth, Morgan Stanley Says
• Positive Sentiment: Analyst targets moved higher: Citigroup’s target rose to $400 from $374, while RBC’s increased to $400 from $360. Citigroup also said the stock is expected to rise. General Dynamics Stock Price Expected to Rise, Citigroup Analyst Says
• Neutral Sentiment: Execution remains a watchpoint: While the backlog and higher guidance support the growth case, some analysts have maintained neutral or Hold ratings, signaling caution about converting the large backlog into results and sustaining growth. Bernstein raised its target to $386 but retained a Market Perform rating. Record Backlog and Raised FY26 Guidance Support Shares, but Execution Risks Temper Upside

About General Dynamics

General Dynamics Corporation (NYSE: GD) is a global aerospace and defense company that develops, manufactures and supports products and services for government and commercial customers. Its operations serve the U.S. government, allied nations and other customers worldwide, with a significant focus on national security, military modernization and mission support.

The company operates through four primary business areas. Aerospace provides Gulfstream business jets and related aircraft services through Gulfstream Aerospace, as well as aircraft management, charter, maintenance and completions services through Jet Aviation.