General Dynamics (NYSE: GD) reported first-quarter 2026 revenue of $13.5 billion. Revenue increased 10.3% compared to the prior year. Diluted earnings per share reached $4.10. Earnings per share increased 12% over the previous year. The EPS beat consensus estimates by more than 11%. Company shares rose 7.75% in pre-market trading.
Order activity produced a company-wide book-to-bill ratio of 2-to-1. Defense segments recorded a ratio of 2.2-to-1. The total company backlog reached $130.8 billion.
Revenue grew across all business segments during the quarter. Marine Systems revenue increased 21% due to submarine programs.