General Dynamics CorporationNYSE: GD
Industrials · Aerospace & Defense
$345.38
+0.31%
Vol: 1.0M
Research Digest
Friday, May 1, 2026
General Dynamics Q1 2026 beats with 12% EPS growth; raises FY26 guidance to $16.45-$16.55, $130.8B backlog +47.5% YoY.
General Dynamics Q1 2026 (April 29) operating earnings $1.4B and diluted EPS $4.10 on revenue $13.5B, beating estimates of $3.68 EPS and $12.71B revenue. Revenue grew 10.3% YoY with operating EPS +12%. Strong order activity at $26.6B (2-to-1 book-to-bill). Raised FY26 EPS guidance to $16.45-$16.55 from $16.10-$16.20. Backlog $130.8B (+47.5% YoY). Morgan Stanley raised PT to $435, JPMorgan to $400, both Overweight. CEO Phebe Novakovic noted strong operating results and excellent cash conversion.
Previous Market Intelligence
13 daysApr 30General Dynamics delivers strong Q1 2026 with $4.10 EPS and $26.6 billion in new orders, raising full-year guidance to $16.45-$16.55.Positive▶
General Dynamics reported robust Q1 2026 earnings with $4.10 EPS and $13.5 billion in revenue, both exceeding expectations with 10.3% revenue growth and 12% EPS growth YoY. The company booked $26.6 billion in new orders with a consolidated 2-to-1 book-to-bill ratio and raised full-year EPS guidance to $16.45-$16.55. Marine systems revenue climbed 21% as production improved, while aerospace revenue increased 8.4%. General Dynamics stock surged 10.94% on strong earnings, cash flow recovery to $2 billion, and operational improvements across all segments.
Apr 16General Dynamics Secures Major Submarine Contract, Q1 Earnings April 29Positive▶
General Dynamics' subsidiary Electric Boat Corp. secured contract extension worth approximately $1.27 billion to bolster Virginia-class submarine program shipyard capabilities and development studies. USS Idaho Virginia-class vessel officially commissioned April 25. Q1 2026 earnings conference call scheduled April 29 at 9 a.m. EDT. Wells Fargo initiated coverage with Overweight rating and $400 price target on April 4; Deutsche Bank downgraded to Hold with $387 target. Analyst consensus: Moderate Buy (12 Buy, 6 Hold, 1 Sell, 2 Strong Buy among 21 analysts). General Dynamics GDIT division installing autonomous surveillance towers along San Diego border (up to $1.8B contract). Stock price $339.88, down 0.26% from close. Dividend raised to $1.59 per share in March 2026.
Apr 15General Dynamics downgraded to Hold at Deutsche Bank on growth concerns; Q1 earnings April 29.Negative▶
General Dynamics was downgraded to Hold from Buy by Deutsche Bank on April 8, with price target lowered to $380. Analysts express skepticism about Q1 2026 growth expectations. The company declared a quarterly dividend of $1.59 per share, payable May 8. Q1 2026 earnings conference call scheduled for April 29. The stock is trading at $338.37, down 7.1% over the past month.
Apr 14General Dynamics downgraded by Deutsche Bank to Hold on valuation; Wells Fargo initiates with Overweight at $400 target.Mixed▶
General Dynamics will report Q1 2026 earnings April 29. Deutsche Bank downgraded to Hold with $387 target on April 8. Wells Fargo initiated with Overweight at $400 target. Company secured $1.27B submarine contract extension. Jefferies estimates Q1 revenue growth at only 1% vs consensus 4%.
Apr 13General Dynamics faces analyst downgrades amid valuation concerns despite strong dividend track record and Q1 earnings ahead.Negative▶
Deutsche Bank downgraded GD to Hold on April 8 with $387 target. Jefferies cut target to $380 from $385; Citi lowered to $380 from $389. 28 consecutive annual dividend increases with latest raise to $1.50/share. Q1 earnings due April 29. ROE of 16.43% exceeds 80% of aerospace/defense peers.
Apr 10General Dynamics wins $1.27 billion submarine contract and raises quarterly dividend to $1.59.Positive▶
General Dynamics subsidiary Electric Boat secured $1.27 billion U.S. Navy contract for Virginia-class submarine work through 2027. Company raised quarterly dividend to $1.59 per share (6% increase) with ex-date April 10. Q1 2026 earnings webcast scheduled for April 29. Deutsche Bank downgraded to Hold with price target of $387. Wells Fargo initiated with Overweight rating and $400 price target.
Apr 9General Dynamics secures major $1.27B Navy submarine contract extension with potential value reaching $2.49B if options exercised.Mixed▶
General Dynamics' Electric Boat subsidiary received a significant contract extension from the U.S. Navy valued at approximately $1.27 billion for Virginia-class submarine program development. Total contract value could reach $2.49 billion with all options exercised. The company also raised its quarterly dividend to $1.59 per share, a 6% increase. However, Deutsche Bank downgraded the stock to Hold from Buy today. Stock trades at $348 with analyst consensus target of $394.03 and 13 analysts recommending buy.
Apr 8General Dynamics Secures $1.27B Submarine Contract ModificationPositive▶
General Dynamics secured a $1.27 billion contract modification from the U.S. Department of War for submarine support and development studies related to Virginia-class submarines, with options that could increase total value to $2.49 billion. Electric Boat Corp. received a $95 million modification for engineering support. GDIT began installing autonomous surveillance towers along the San Diego border. Jefferies lowered price target to $380 from $385 (Hold rating), while Wells Fargo initiated coverage with Overweight rating and $400 price target. Quarterly dividend of $1.59 per share declared.
Apr 7Wells Fargo initiates overweight coverage with $400 PT as GD secures $1.27B submarine contract extensionPositive▶
General Dynamics reported Q4 2025 earnings with net income of $1.1B on $14.4B revenue and full-year earnings up 11.3%. Electric Boat secured a $1.27B contract extension for Virginia-class submarines. GDIT began installing autonomous surveillance towers on the San Diego border as part of a $1.8B program. Wells Fargo initiated coverage on April 4 with an Overweight rating and $400 PT. The board declared a $1.59 quarterly dividend. Defense contracts and geopolitical tensions support analyst optimism despite short-term market volatility.
Apr 6General Dynamics raises Q1 2026 EPS guidance and declares 6% dividend increasePositive▶
General Dynamics reported strong Q4 2025 results with net earnings of $1.1B and diluted EPS of $4.17, driving full-year EPS of $15.45 up 13.4%. The company set FY2026 guidance at $16.10-16.20 EPS and recently declared a quarterly dividend of $1.59, up from $1.50 previously. Wells Fargo initiated coverage with Overweight rating and $400 price target. Q1 2026 analyst expectations are for EPS of $3.72, up 1.6% year-over-year. The strong operational momentum and improved dividend demonstrate management confidence in 2026 performance.
Apr 3Wells Fargo initiates General Dynamics with Strong-Buy rating and $400 PT, citing strong military demand and business jet refresh cycle.Positive▶
General Dynamics reported Q4 2025 net earnings of $1.1B on revenue of $14.4B, with full-year earnings up driven by 30% growth in company-wide backlog. Wells Fargo initiated coverage on April 2 with a Strong-Buy rating and $400 price objective. FY 2026 guidance: 16.10-16.20 EPS. Board declared quarterly dividend of $1.59 per share.
Apr 2Wells Fargo initiates General Dynamics with strong-buy rating and $400 price target as multi-year business jet refresh and improved shipbuilding demand drive outlook.Positive▶
General Dynamics reported FY2025 net earnings of $4.2B (up 11.3%) with diluted EPS of $15.45 (up 13.4%) on $52.6B revenue (up 10.1%). Wells Fargo upgraded to strong-buy with $400 PT, citing business jet refresh and shipbuilding tailwinds. Citigroup lowered PT from $389 to $380 with neutral rating. FY2026 guidance: $16.10-$16.20 EPS. Dividend increased to $1.59 per share. TD Cowen raised PT to $390 with buy rating.
Apr 1General Dynamics awarded $15.38B Navy contract modification; Q4 EPS of $4.17 beats consensus as defense demand remains strong.Positive▶
General Dynamics reported Q4 2025 EPS of $4.17, beating estimates of $4.11, with revenue of $14.4 billion. The company received a $15.38B Navy contract modification and raised its quarterly dividend to $1.59. The company maintains a robust $118 billion backlog.
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