General Dynamics Corporation · GD · Next earnings

General Dynamics Corporation reports Wednesday, Jan 27, 2027

GD reports before market open with consensus EPS at $4.57 and revenue at $14.77B. Last quarter: General Dynamics raises outlook as orders and backlog surge

Reports Before market open84 days awayDate estimated Industrials

What the street expects

Consensus for the coming report
Consensus EPS $4.57 Calendar consensus
Consensus revenue $14.77B Calendar consensus
Report date Jan 27, 2027 Wednesday, date estimated
Session Before market open 84 days away

Where GD left off: FY2026 Q3

Full report

General Dynamics raises outlook as orders and backlog surge

EPS surprise +9.0% Reported $4.49 vs $4.12
Revenue surprise +6.2% Reported $14.57B vs $13.72B
Stock move +0.5% Event window
Subsequent drift 0.0% Up to 20 sessions

Management raised full-year EPS guidance to $17.20-$17.30 and kept the operating-margin target around 10.5%. It also plans to maintain full-year capital expenditure at 3.5%-4% of sales, with higher Q4 spending to support shipyard capacity.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Supply-chain constraints could affect Gulfstream production and delivery targets.
  • Higher capital spending could pressure cash flow if capacity projects or program execution are delayed.
  • A transition from legacy to new Combat programs may compress margins.
  • Marine margin improvement and the Technologies segment’s return to double-digit margins remain execution questions.
  • Geopolitical uncertainty could temper order flow.

Questions analysts left open

  • Sustainability of Marine segment margin improvements.
  • Gulfstream production capacity and the timeline to reach 200 deliveries annually by 2030.
  • The opportunity and scale of participation in missile framework agreements.
  • Long-term growth prospects for European Land Systems within Combat.
  • The Technologies segment’s margin trajectory toward double-digit levels.

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Recent GD quarters

All GD earnings
+0.5%FY2026 Q3-3.1%FY2026 Q2+8.0%FY2026 Q1-2.7%FY2025 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.