GD · Q3 2026
Friday, October 30 · 9:00 AM EDT
Results available
Fiscal period ended 2026-10-04.
Full analysis below.
General Dynamics · Q3 2026 · Earnings analysis
Submarine orders expand future work, largely through unfunded backlog. Higher investment and lower operating cash reduce quarterly free cash flow despite stronger earnings.
Second quarter 2026. Period ended 2026-07-05. Company-wide figures unless noted.
Company-wide, quarter only (1.4-to-1); 1.4-to-1 for the defense segments and 1.5-to-1 for Aerospace.
Large submarine orders drove defense bookings, while most of the Marine Systems backlog increase was unfunded.
No official call questions and answers available here for this quarter.