General Dynamics (NYSE:GD) Releases FY 2026 Earnings Guidance

General Dynamics (NYSE:GD) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 17.200-17.300 for the period, compared to the consensus earnings per share estimate of 17.000. The company issued revenue guidance of $56.5 billion-$56.8 billion, compared to the consensus revenue estimate of $55.9 billion.

Analysts Set New Price Targets

Several research analysts have recently commented on GD shares. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a report on Monday, September 28th. BNP Paribas Exane raised their price target on General Dynamics from $390.00 to $430.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Jefferies Financial Group reissued a “buy” rating and issued a $455.00 price objective on shares of General Dynamics in a research note on Monday. Wall Street Zen cut General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Royal Bank Of Canada raised their price objective on shares of General Dynamics from $360.00 to $400.00 and gave the company a “sector perform” rating in a research report on Monday. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $406.94.

General Dynamics Price Performance

General Dynamics stock opened at $371.74 on Tuesday. The business’s 50-day simple moving average is $351.22 and its 200 day simple moving average is $355.11. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23. The stock has a market cap of $100.58 billion, a price-to-earnings ratio of 21.86, a P/E/G ratio of 2.07 and a beta of 0.33. General Dynamics has a 12-month low of $306.77 and a 12-month high of $400.00.

General Dynamics (NYSE:GD) last released its earnings results on Friday, October 30th. The aerospace company reported $4.49 EPS for the quarter, topping analysts’ consensus estimates of $4.12 by $0.37. The firm had revenue of $14.57 billion during the quarter, compared to analyst estimates of $13.72 billion. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.88 EPS. As a group, research analysts anticipate that General Dynamics will post 16.99 earnings per share for the current year.

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be given a dividend of $1.59 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 annualized dividend and a dividend yield of 1.7%. General Dynamics’s dividend payout ratio is currently 37.41%.

Insider Activity

In related news, Director Robert K. Steel sold 7,440 shares of the stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $346.05, for a total transaction of $2,574,612.00. Following the completion of the transaction, the director directly owned 3,096 shares in the company, valued at approximately $1,071,370.80. This trade represents a 70.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is owned by corporate insiders.

General Dynamics News Summary

Here are the key news stories impacting General Dynamics this week:

• Positive Sentiment: Raised FY 2026 outlook: General Dynamics now expects earnings per share of $17.20-$17.30, above the $17.00 consensus estimate, and revenue of $56.5-$56.8 billion versus the $55.9 billion consensus. The upgrade signals management’s confidence in demand and execution.
• Positive Sentiment: Strong third-quarter performance: Revenue increased 12.9% year over year to $14.57 billion, while EPS of $4.49 exceeded the $4.12 consensus estimate. Growth was broad-based across Aerospace, Marine Systems, Combat Systems and Technologies, supported by order activity and productivity improvements. General Dynamics Q3 earnings call: our top 5 analyst questions
• Positive Sentiment: Record backlog improves visibility: Backlog reportedly reached approximately $220.3 billion, nearly doubling on major submarine awards. Robust defense demand and planned Gulfstream expansion provide a foundation for sustained future growth. General Dynamics Nuclear Submarine Awards Drive Q3 Backlog to Record High
• Positive Sentiment: Additional program award: General Dynamics Mission Systems received a contract modification to advance the MEDUSA program, adding to evidence of continuing government demand for the company’s defense technologies. General Dynamics Mission Systems Awarded Contract Modification to Advance MEDUSA
• Neutral Sentiment: Analyst targets increased but ratings remain cautious: Citigroup and RBC raised their price targets to $400, but retained neutral and sector-perform ratings. BTIG also maintained a Hold rating, citing execution risks despite the record backlog and improved outlook.
• Negative Sentiment: Execution and valuation risks: Delivering the large backlog—particularly submarine and shipbuilding programs—could pressure margins or cash flow if schedules slip. With GD near its one-year high and trading at roughly 22 times earnings, some of the improved outlook may already be reflected in the share price.

General Dynamics Company Profile

General Dynamics Corporation (NYSE: GD) is a global aerospace and defense company that develops, manufactures and supports products and services for government and commercial customers. Its operations serve the U.S. government, allied nations and other customers worldwide, with a significant focus on national security, military modernization and mission support.

The company operates through four primary business areas. Aerospace provides Gulfstream business jets and related aircraft services through Gulfstream Aerospace, as well as aircraft management, charter, maintenance and completions services through Jet Aviation.