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General Dynamics Posts Record Q3 Revenue, Earnings And Backlog
The defense contractor lifted full-year sales and profit targets after nearly $99 billion in quarterly orders and a record $220.3 billion backlog.
- On Friday, October 30, 2026, General Dynamics reported $14.6 billion in third-quarter revenue, a 12.9% increase year-on-year, while total backlog surged to a record $220.3 billion.
- Nearly $99 billion in new orders drove the record backlog, fueled by significant Marine Systems contracts for five Columbia-class and nine Virginia-class submarines during the quarter.
- Aerospace revenue rose 9.3% to $3.5 billion as Gulfstream deliveries reached 40 aircraft, while diluted earnings per share of $4.49 surpassed the $4.13 analyst average estimate.
- Following the results, General Dynamics raised full-year 2026 revenue guidance to $56.5 billion–$56.8 billion, sending shares up about 4% before the market bell.
- Chairman and Chief Executive Officer Phebe Novakovic announced this was her final earnings call after 14 years leading the company, though she will remain as Executive Chair.
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What General Dynamics (GD) Said on Its Q3 Earnings Call
General Dynamics (NYSE:GD) reported third-quarter 2026 results marked by double-digit growth in revenue, earnings and backlog, prompting the defense contractor to raise its full-year earnings forecast for the third time this year. The company posted diluted earnings per share of $4.49 on revenue of
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General Dynamics' Backlog Surges to $220B on Major Defense Orders
General Dynamics reported $98.8 billion in new orders in the third quarter of 2026, driven by major submarine contracts, while revenue rose 12.9% year-on-year to $14.6 billion, the company announced on October 30.The aerospace and defense company's…
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Leaning Left1Leaning Right1Center6Last UpdatedBias Distribution75% Center
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13%
C 75%
12%
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