Every 10-Q that General Dynamics Corporation (GD) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow GD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GD filings page.
General Dynamics reported Q2 2026 revenue of $14.1 billion, up 8.1% year over year, with net earnings of $1.16 billion and diluted EPS of $4.24. For the first six months, revenue was $27.6 billion and net earnings $2.29 billion, as operating margin reached 10.4%.
Growth was led by Aerospace, where revenue rose to $3.53 billion and margin to 14.5%, and Marine Systems, with $4.66 billion of revenue and 7.3% margin. Combat Systems and Technologies delivered modest revenue increases with margins around 13.8% and 9.4%, respectively.
Operating cash flow was $4.04 billion and free cash flow $3,598 in the first half, while cash rose to $4.33 billion and debt principal declined to $7.57 billion. Total backlog reached $136.5 billion, with about half expected to convert to revenue by year-end 2027. The quarterly dividend increased to $1.59 per share, marking 29 consecutive annual increases.
General Dynamics reported higher Q3 2025 results. Revenue rose to $12,907 million from $11,671 million, with operating earnings $1,331 million and net earnings $1,059 million. Diluted EPS was $3.88 versus $3.35.
Segment revenue was Aerospace $3,234 million (aircraft manufacturing and services), Marine Systems $4,096 million (led by nuclear-powered submarines), Combat Systems $2,252 million, and Technologies $3,325 million. Remaining performance obligations totaled $109.9 billion; the company expects to recognize about 45% by year-end 2026, 30% by 2028, and the balance thereafter.
For the nine months, revenue was $38,171 million and diluted EPS $11.29. Net cash provided by operating activities was $3,559 million. Cash and equivalents were $2,520 million; total debt principal was $8,078 million, including a new $750 million note due 2035 and $1,500 million of notes repaid in 2025. The company repurchased 2.4 million shares for $600 million year-to-date and declared dividends of $1.50 per share in the quarter. Shares outstanding were 270,120,442 as of September 28, 2025.
The company disclosed an antitrust class action remanded for further proceedings, with a petition for certiorari filed; outcomes could be material.
General Dynamics (GD) posted solid Q2-25 results. Revenue increased 9% YoY to $13.0 bn and diluted EPS advanced 15% to $3.74. First-half sales grew 11% to $25.3 bn with EPS of $7.40 (+21%). Operating cash flow jumped to $1.45 bn (vs $0.54 bn) and total backlog reached $103.7 bn. Aerospace margin expanded 240 bp to 13.2% on higher Gulfstream deliveries; Marine Systems revenue rose 22% on submarine programs; Combat Systems and Technologies remained steady. The board lifted the quarterly dividend 6% to $1.50 and the company repurchased 2.4 m shares for $600 m.
Net debt declined $350 m YTD after redeeming $1.5 bn of 2025 notes and issuing $750 m due 2035; cash ended at $1.5 bn. Customer advances climbed to $10.7 bn, supporting working capital, while shareholders’ equity improved to $23.6 bn. GD recorded $62 m of cumulative contract estimate gains year-to-date. Risks include a revived antitrust class action, margin pressure in Marine Systems, and potential variability on Virginia-class submarine and tracked-vehicle contracts. No updated FY guidance is provided in the filing.