General Dynamics Corporation (NYSE:GD) reported first-quarter 2026 results on Wednesday, with revenue rising 10.3% year over year.
Revenue reached $13.5 billion, exceeding analyst estimates of $12.7 billion.
Diluted EPS of $4.10 increased 12% from the prior year and beat analyst estimates of $3.68. Shares were trading higher following the results. Operating earnings rose 12% to $1.4 billion, with an operating margin of 10.5%.
Net earnings increased 13.2% to $1.125 billion, while earnings before income tax grew 14.1%. Net interest expense improved to $69 million from $89 million a year earlier.
Segment Performance
Aerospace revenue increased 8.4% to $3.28 billion, with operating earnings up 14.1% to $493 million and margin expanding to 15.0% from 14.3%.
Gulfstream aircraft deliveries rose to 38 units from 36 units, while orders increased to $3.84 billion from $2.36 billion.
Marine Systems revenue rose 21.0% to $4.34 billion, with operating earnings increasing 26.4% to $316 million and margin improving to 7.3% from 7.0%.
Combat Systems …