General Dynamics reported second-quarter 2026 financial results for the period ended July 5, 2026. Revenue increased 8.1% to $14.1 billion, while diluted earnings per share rose 13.4% to $4.24. Operating earnings grew 11.9% to $1.5 billion with an operating margin of 10.4%. The company generated $1.9 billion in cash from operations and reduced total debt by $498 million, ending the quarter with $7.5 billion in total debt and $4.3 billion in cash. New orders totaled $20 billion, resulting in a book-to-bill ratio of 1.4-to-1. Backlog stood at $136.5 billion, bringing total estimated contract value to $186.9 billion. General Dynamics is a global aerospace and defense company that offers products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services.
