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StocksMediumUpdated×3•Originally published 29 April 2026•Updated 30 April 2026•

1 min read

General Dynamics Reports Strong Q1 2026 Growth in Revenue and EPS

Key Facts

1General Dynamics revenue increased by 10.3% to $13.5 billion in the first quarter of 2026.

2Diluted EPS rose 12% to $4.10 with operating cash flow reaching $2.2 billion.

about 1 month ago

Version History

1 additional source confirmed this story

Version 3about 1 month ago

What changed: Added Morgan Stanley's price target upgrade and specific details regarding the magnitude of defense bookings and the year-over-year backlog growth percentage.

Version 2about 1 month ago

What changed: Added specific 2-to-1 book-to-bill ratio metric and confirmed the improvement in operating margins.

Version 1about 1 month ago

What changed: Updated to include the 4.6% premarket stock surge, the 47.5% growth in total backlog, and the identification of marine-systems as the primary sales driver.

General Dynamics reported robust Q1 2026 results, with revenue rising 10.3% to $13.5 billion, driven by the marine-systems segment. Diluted EPS grew by 12% to $4.10, prompting Morgan Stanley to raise its price target for the stock to $435. The quarter saw exceptional momentum as new defense bookings reached $26.6 billion, contributing to a total backlog of $130.8 billion. This backlog represents a significant 47.5% year-over-year increase, bolstered by a strong 2-to-1 book-to-bill ratio. Supported by operating cash flows of $2.2 billion, these results underscore the company's operational strength and its ability to capitalize on sustained demand in the aerospace and defense sectors.