Form 10-Q · Quarterly report
General Dynamics 10-Q, filed Jul 29, 2026
- Filed
- CIK
- 0000040533
- Accession no.
- 0000040533-26-000032
Summary
General Dynamics reported second-quarter 2026 revenue of $14.1 billion, up 8.1% from a year earlier, with operating earnings rising 11.9% to $1.46 billion and operating margin at 10.4%, driven by growth across all four segments, primarily Aerospace and Marine Systems. The company said the U.S. Supreme Court held in February 2026 that tariffs imposed under the International Emergency Economic Powers Act were unauthorized and it has received refunds of some previously paid tariffs, and that it expects slightly lower short-term combat vehicle production volumes as the U.S. Army reviews funding priorities.
Key points
- Second-quarter revenue rose 8.1% to $14.1 billion and first-half revenue rose 9.1% to $27.6 billion, with operating margin up 40 basis points in the quarter to 10.4%.
- Aerospace revenue rose 15.1% to $3.53 billion on 41 Gulfstream deliveries, and the G800 entered service the prior year.
- The company cited significant U.S. Navy submarine and shipbuilding demand, high munitions demand, and increased European demand for Combat Systems products.
- Tariffs as currently applied and those not yet refunded are not material to General Dynamics' results of operations.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT’S DISCUSSION BUSINESS OVERVIEW General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapon systems and munitions; and technology products and services. Our company is organized into four operating segments: Aerospace, Marine Systems, Combat Systems and Technologies. We refer to the latter three collectively as our defense segments. Our primary customer is the U.S. government, including the Department of War (DoW), the intelligence community and other U.S. government agencies. We also have significant business with non-U.S. …
An excerpt of the text as filed with the SEC, cut for length.
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