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

General Dynamics (NYSE:GD) updated its FY 2026 earnings guidance on Tuesday morning. The company provided 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.

General Dynamics Stock Up 0.9%

Shares of GD traded up $3.30 during mid-day trading on Tuesday, hitting $376.76. 337,383 shares of the company’s stock were exchanged, compared to its average volume of 1,292,162. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96. General Dynamics has a 52 week low of $306.77 and a 52 week high of $400.00. The company has a market cap of $101.94 billion, a PE ratio of 22.16, a P/E/G ratio of 2.07 and a beta of 0.33. The company has a 50-day simple moving average of $351.22 and a 200 day simple moving average of $355.11.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Friday, October 30th. The aerospace company reported $4.49 EPS for the quarter, topping analysts’ consensus estimates of $4.12 by $0.37. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The business had revenue of $14.57 billion for the quarter, compared to analyst estimates of $13.72 billion. During the same quarter in the previous year, the firm posted $3.88 earnings per share. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, research analysts forecast that General Dynamics will post 16.99 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be given a dividend of $1.59 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 annualized dividend and a yield of 1.7%. General Dynamics’s payout ratio is 37.41%.

Analyst Ratings Changes

A number of research firms have recently commented on GD. Jefferies Financial Group restated a “buy” rating and set a $455.00 price objective on shares of General Dynamics in a research note on Monday. Citigroup lifted their target price on General Dynamics from $374.00 to $400.00 and gave the company a “neutral” rating in a research report on Monday. Bank of America increased their price target on General Dynamics from $400.00 to $415.00 and gave the company a “buy” rating in a research report on Monday, July 6th. TD Cowen decreased their price target on General Dynamics from $420.00 to $380.00 and set a “buy” rating for the company in a research note on Friday, October 9th. Finally, Morgan Stanley boosted their price target on General Dynamics from $435.00 to $465.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $406.94.

Insider Buying and Selling

In other news, Director Robert K. Steel sold 7,440 shares of General Dynamics stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $346.05, for a total value of $2,574,612.00. Following the completion of the transaction, the director owned 3,096 shares of the company’s stock, valued at $1,071,370.80. This trade represents a 70.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.40% of the stock is currently owned by corporate insiders.

Key General Dynamics News

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

• Positive Sentiment: Raised 2026 guidance: General Dynamics now expects fiscal 2026 earnings per share of $17.20–$17.30, above the $17.00 consensus, and revenue of $56.5–$56.8 billion versus expectations of $55.9 billion. General Dynamics updated fiscal 2026 guidance
• Positive Sentiment: Record backlog supports long-term growth: Backlog reached approximately $220.3 billion—nearly double prior levels—helped by nuclear-submarine awards and strong defense demand. The backlog provides substantial future revenue visibility across Marine Systems, Aerospace, Combat Systems and Technologies. General Dynamics nuclear submarine awards drive backlog
• Positive Sentiment: Strong quarterly performance: Third-quarter revenue rose 12.9% year over year to $14.57 billion, while EPS of $4.49 exceeded the $4.12 consensus. Broad-based growth, productivity improvements and robust orders reinforced the company’s growth outlook. General Dynamics Q3 backlog and segment growth
• Positive Sentiment: Additional defense contract: General Dynamics Mission Systems received a contract modification to advance the MEDUSA program, adding to evidence of continued government demand. MEDUSA contract modification
• Neutral Sentiment: Higher analyst targets, but no bullish rating shift: Citigroup and RBC raised their price targets to $400, while retaining neutral or sector-perform ratings.
• Negative Sentiment: Execution and valuation risks remain: Analysts highlighted the challenge of converting the huge backlog into profitable deliveries, particularly in shipbuilding. BTIG maintained a Hold rating, while commentary also flagged the stock’s valuation and potential execution risk as a “catch.” General Dynamics execution risks

General Dynamics Company Profile

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.