General Dynamics exceeded Wall Street expectations for the first quarter of 2026. Revenue reached $13.5 billion, a 10.3% increase over the prior year. Diluted earnings per share rose 12% to $4.10. Analysts had forecasted revenue of $12.7 billion and earnings of $3.70 per share.
All four business segments reported growth during the period. Marine Systems sales increased by 21%. The company reported a consolidated book-to-bill ratio of 2-to-1, signaling robust future demand. CEO Phebe Novakovic cited strong operating results and excellent cash conversion.
General Dynamics' shares rose approximately 4.6% in pre-market trading following the announcement.