General Dynamics Corporation: EPS $4.49 vs $4.12 expected; revenue $14.6B vs $13.7B
Key Facts
Q3 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 4.49 | 4.12 | +9.0% | 3.88 |
| Revenue (USD bn) | 14.57 | 13.72 | +6.2% | 12.91 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Oct 30, 2026 | Q3 FY2026 | 4.49 | 4.12 | +9.0% | 14.57 | 13.72 | +6.2% |
| Jul 29, 2026 | Q2 FY2026 | 4.24 | 3.96 | +7.1% | 14.09 | 13.52 | +4.2% |
| Apr 29, 2026 | Q1 FY2026 | 4.10 | 3.67 | +11.7% | 13.48 | 12.70 | +6.1% |
| Jan 28, 2026 | Q4 FY2025 | 4.17 | 4.11 | +1.5% | 14.38 | 13.80 | +4.2% |
| Oct 24, 2025 | Q3 FY2025 | 3.88 | 3.70 | +4.9% | 12.91 | 12.50 | +3.3% |
| Jul 23, 2025 | Q2 FY2025 | 3.74 | 3.55 | +5.4% | 13.04 | 12.39 | +5.3% |
| Apr 23, 2025 | Q1 FY2025 | 3.66 | 3.49 | +4.9% | 12.22 | 11.98 | +2.0% |
| Jan 29, 2025 | Q4 FY2024 | 4.15 | 4.07 | +2.0% | 13.34 | 12.81 | +4.1% |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures.
General Dynamics Corporation results: EPS $4.49 vs $4.12 expected; revenue $14.6B vs $13.7B. The results cover the company's Q3 FY2026. EPS came in above analysts' estimate by 9.0%; revenue above the estimate by 6.2%.
Revenue was up 12.9% from $12.9 billion a year earlier (Q3 FY2025). EPS was up 15.7% from $3.88 a year earlier. On its record, EPS topped analysts' estimates in 7 of 7 earlier comparable reports.
What the results mean
General Dynamics Corporation combines business aviation, defense manufacturing and technology services. This diversity helps frame its operations: aviation involves aircraft sales and services, while defense activities involve shipbuilding, combat vehicles and services for government customers.
Business drivers extend beyond product deliveries to maintenance, modernization and support throughout equipment lifecycles. Understanding revenue growth therefore involves examining the mix of products and services, and how effectively industrial execution converts demand into deliveries while controlling costs.
What to watch on the earnings call: Discussion of demand for business jets and aviation services, alongside execution of shipbuilding and combat vehicle programs, merits attention. Production costs, margins and the contribution of maintenance, modernization and technology services to the business mix also deserve focus.
For the full analysis of General Dynamics Corporation stock — valuation, scores and financial statements — see the stock page linked with this story.