Form 10-Q · Quarterly report
General Dynamics 10-Q, filed Oct 30, 2026
- Filed
- CIK
- 0000040533
- Accession no.
- 0000040533-26-000038
Summary
General Dynamics reported third-quarter 2026 revenue of $14.57 billion, up 12.9% from a year earlier, with operating earnings of $1.53 billion and a 10.5% operating margin, driven by growth across all four segments, primarily Marine Systems and Aerospace. The company said it does not expect the continuing resolution funding federal agencies through December 11, 2026 to materially affect results, and that tariffs imposed under IEEPA — which the U.S. Supreme Court held unauthorized in February 2026 — are not material, though the timing of remaining refunds is uncertain.
Key points
- Third-quarter revenue rose 12.9% to $14.57 billion and nine-month revenue rose 10.4% to $42.14 billion, with operating margin at 10.5% for both periods.
- Gulfstream delivered 40 aircraft in the quarter versus 39 a year earlier, and 119 in the first nine months versus 113.
- Congress has not passed fiscal year 2027 defense appropriations; a continuing resolution signed September 2, 2026 funds federal agencies through December 11, 2026 at prior-year levels and bars new program starts.
- The company expects short-term combat vehicle production volumes to be down slightly as the U.S. Army reviews funding priorities and transitions to next-generation vehicles, while munitions demand remains elevated.
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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