General Dynamics Corporation · GD · Next earnings

General Dynamics Corporation reports Wednesday, Oct 28, 2026

GD reports before market open with consensus EPS at $4.14 and revenue at $13.71B. Last quarter: General Dynamics Beats Estimates as Record Backlog Hits $131B and Guidance Is Raised

Reports Before market open38 days awayDate estimated Industrials

What the street expects

Consensus for the coming report
Consensus EPS $4.14 Calendar consensus
Consensus revenue $13.71B Calendar consensus
Report date Oct 28, 2026 Wednesday, date estimated
Session Before market open 38 days away

Where GD left off: FY2026 Q1

Full report

General Dynamics Beats Estimates as Record Backlog Hits $131B and Guidance Is Raised

EPS surprise +11.7% Reported $4.10 vs $3.67
Revenue surprise +6.1% Reported $13.48B vs $12.70B
Stock move +8.0% Event window
Subsequent drift +3.0% Up to 20 sessions

Management raised full-year FY2026 EPS guidance to $16.45-$16.55, marking a shift from the maintained stance in Q4 FY2025. The prior revenue target of $54.3-$54.8 billion and 10.4% operating margin outlook was not explicitly revised in the provided analysis. Capex continues to increase as the company invests in shipyard capacity and unmanned platforms.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Supply-chain constraints on single-source, complex components, especially in Marine shipbuilding.
  • Potential impact of Middle-East conflict on orders and supply for aerospace and defense customers.
  • Upcoming $1B debt refinancing requirement in mid-2026.
  • Labor tightness in shipyards could impede throughput.
  • Tariff exposure remains modest but uncertain.

Questions analysts left open

  • Supply-chain bottlenecks and single-source parts.
  • Effect of the Middle-East conflict on orders and deliveries.
  • Financial impact of Ajax program stoppage/restart.
  • Capacity for smaller surface combatant vessels and unmanned platforms.
  • Tariff outlook and potential cost impacts.

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Recent GD quarters

All GD earnings
+8.0%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

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.