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The financials
General Dynamics by the numbers
General Dynamics (GD) reported revenue of $13.5B in Q1 2026 (quarter ended Apr 5, 2026), up 10% from the same quarter a year earlier. That came with net income of $1.13B (8.3% of revenue). For the full year FY2025, revenue was $52.5B (+10% year on year) and net income $4.21B. Its largest product in Jun 2026 was Nuclear Powered Submarines at $3.52B, 25% of the disclosed total, ahead of Aircraft Manufacturing at 18%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $13.5B | $12.2B | +10% |
| Operating income | $1.42B | $1.27B | +12% |
| Net income | $1.13B | $994M | +13% |
| Diluted EPS | $4.10 | $3.66 | +12% |
| Product | Revenue | Share |
|---|---|---|
| Nuclear Powered Submarines | $3.52B | 25% |
| Aircraft Manufacturing | $2.47B | 18% |
| Information Technology Services | $2.35B | 17% |
| C5 ISR Solutions | $1.27B | 9.0% |
| Militaryvehicles | $1.15B | 8.1% |
| Aircraft Services | $1.06B | 7.5% |
| Surfaceships | $844M | 6.0% |
| Weapons Systemsand Munitions | $805M | 5.7% |
| Engineeringand Other Services | $337M | 2.4% |
| Repairand Other Services | $297M | 2.1% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Jun 2026Total $14.09B (+4.5%)
Surfaceships grew +28% year on yearMilitaryvehicles -11% year on year
Segment Latestquarter on quarteryear on year
- Nuclear Powered Submarines$3.52B$3.52BQoQ +7.5%year on year +7.7%+7.5%+7.7%
- Aircraft Manufacturing$2.47B$2.47BQoQ +6.8%year on year +16%+6.8%+16%
- Information Technology Services$2.35B$2.35BQoQ -1.4%year on year +1.3%-1.4%+1.3%
- C5 ISR Solutions$1.27B$1.27BQoQ +6.4%year on year +9.7%+6.4%+9.7%
- Militaryvehicles$1.15B$1.15BQoQ -0.61%year on year -11%-0.61%-11%
- Aircraft Services$1.06B$1.06BQoQ +9.3%year on year +13%+9.3%+13%
- Surfaceships$844.0M$844.0MQoQ +9.6%year on year +28%+9.6%+28%
- Weapons Systems and Munitions$805.0M$805.0MQoQ +3.1%year on year +11%+3.1%+11%
- Engineering and Other Services$337.0M$337.0MQoQ -2.9%year on year +23%-2.9%+23%
- Repair and Other Services$297.0M$297.0MQoQ -1.3%year on year +1.7%-1.3%+1.7%
Aerospace & Defense
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