General Dynamics Reports Strong Q1 2026 Results with Double-Digit Growth and Robust 2-to-1 Book-to-Bill
GD sits 26% above its 52-week low of $266.98.
Summary
General Dynamics announced strong first-quarter 2026 financial results, featuring double-digit increases in revenue and diluted EPS, alongside a robust 2-to-1 consolidated book-to-bill ratio.
Key Events · Earnings and Guidance · GD
-
Strong Financial Performance
Q1 2026 revenue increased 10.3% to $13.5 billion, and diluted EPS rose 12% to $4.10 compared to the prior year.
-
Robust Order Activity
The company achieved a consolidated book-to-bill ratio of 2-to-1, with defense segments at 2.2-to-1 and Aerospace at 1.2-to-1.
-
Growing Backlog
Total estimated contract value reached $188.4 billion, including a backlog of $130.8 billion, reflecting strong future revenue potential.
-
Excellent Cash Generation
Net cash provided by operating activities totaled $2.2 billion, representing 192% of net earnings.
Analysis · GD · Manufacturing
General Dynamics delivered impressive first-quarter 2026 results, building on its strong full-year 2025 performance. The significant 10.3% revenue growth and 12% diluted EPS increase demonstrate strong operational execution across all segments. The consolidated book-to-bill ratio of 2-to-1, particularly 2.2-to-1 for defense segments, indicates substantial new order intake and a growing backlog, providing excellent revenue visibility and future growth potential. Investors should view these results as a strong affirmation of the company's strategic position and execution capabilities in the aerospace and defense sectors.
At the time of this filing, GD was trading at $335.98 on NYSE in the Manufacturing sector, with a market capitalization of approximately $85B. The 52-week trading range was $266.98 to $369.70. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.