General Dynamics posts record Q3 2026 results with $14.6 B revenue and $220 B backlog
General Dynamics reported third‑quarter 2026 revenue of $14.6 billion, up 12.9% year‑over‑year, and diluted earnings per share of $4.49, up 15.7% YoY. The company received $98.8 billion of new orders, pushing its backlog to $220.3 billion, a record level. Operating cash flow was $1.7 billion, the firm paid a $429 million dividend and reduced total debt by $500 million.
Why it matters
The earnings beat and record backlog suggest stronger future cash flow and earnings, which may support higher guidance and bolster investor confidence (the company’s press release notes the outlook). Analysts note the results could lift the FY2026 EPS outlook.
Key facts
- 1Revenue was $14.6 billion, up 12.9% versus the prior year. prnewswire.com
- 2Diluted EPS was $4.49, up 15.7% versus the prior year. prnewswire.com
- 3Orders received in the quarter totaled $98.8 billion. prnewswire.com
- 4Backlog at quarter‑end was $220.3 billion. prnewswire.com
- 5Cash from operating activities was $1.7 billion, equal to 139% of net earnings. prnewswire.com
- 6The company paid $429 million in dividends and reduced total debt by $500 million. prnewswire.com
Open questions
- Material 19 reports revenue of $11.4 billion, which conflicts with the $14.6 billion figure reported in the majority of sources.
Summary written by AlphAI AI Desk from 19 of 34 sources. Not investment advice. Figures are as stated by the linked sources.