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General Dynamics shares surge after raising 2026 profit guidance
The defense contractor said marine systems and Gulfstream strength lifted quarterly revenue 10.3% and operating cash flow to $2.2 billion.
- On Wednesday, General Dynamics raised its 2026 annual profit forecast and beat Wall Street estimates, with quarterly revenue reaching $13.48 billion and per-share profit rising 12% to $4.10.
- Marine systems revenue surged 21% from last year, driven by higher production volumes on Virginia- and Columbia-class submarines amid robust defense demand and President Donald Trump's $1.5 trillion defense budget request.
- Aerospace revenue increased 8.4% as the Gulfstream unit delivered 38 aircraft, while free cash flow rebounded to nearly $2 billion from negative $290 million a year earlier.
- General Dynamics President Danny Deep said share repurchases are "highly sensitive," noting "it behooves us to continue to be cautious" as President Trump vowed to block defense contractor buybacks.
- While demand remains robust, Deep warned that "numerous transactions slowed at the end of the quarter as a result of the conflict in the Middle East," though the company continues recovering from supply chain disruptions.
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General Dynamics Is Soaring on a Beat-and-Raise Quarter
The post General Dynamics Is Soaring on a Beat-and-Raise Quarter appeared first on 24/7 Wall St.. Quick Read Defense bookings and cash conversion drove General Dynamics (GD) outperformance, with operating cash flow swinging to $2.155B from negative $148M year-over-year. The analyst who called NVIDIA in 2010 just named his top 10 stocks and General Dynamics wasn't one of them. Get them here FREE. General Dynamics (NYSE: GD) reported before the…
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Total News Sources16
Leaning Left1Leaning Right1Center7Last UpdatedBias Distribution78% Center
Bias Distribution
- 78% of the sources are Center
78% Center
11%
C 78%
11%
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