General Dynamics

GD · Industrials · Market cap $102B

Q1 FY26 Jan 1 – Apr 5, 2026 reported Jul 29, 2026

Revenue$13.5B +10% year over year

Gross profit$2.3B

Operating profit$1.4B

Net profit$1.1B 8% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Apr 5, 2026).
Item	Value	Share of revenue	Year over year
Revenue	13.5	100%	+10%
Nuclear-powered submarines	3.5	26%	+34%
Information technology (IT)	2.4	18%	−1%
Combat Systems	2.3	17%	+5%
C5ISR* solutions	1.3	10%	+19%
Military vehicles	1.1	8%
Other	1.1	8%
Aircraft services	1.1	8%	+23%
Surface ships	0.8	6%	+19%
Cost of revenue	−11.2	83%
Gross profit	2.3	17% margin	+0pp
G&A	−0.7	5%	+0pp
Other	−0.2	1%	+0pp
Operating profit	1.4	11% margin	+0pp
Tax	−0.2
Interest & other costs	−0.1
Net profit	1.1	8%	+0pp

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	14.4	100%	+8%
Marine Systems	4.8	33%	+22%
Aerospace	3.8	26%	+1%
Technologies	3.2	22%	+0%
Combat Systems	2.5	17%	+6%
G&A	−0.7	5%	+0pp
Other	−12.2	85%	+0pp
Operating profit	1.5	10% margin	−1pp
Tax	−0.3
Interest & other costs	−0.1
Net profit	1.1	8%	−1pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 28, 2025).
Item	Value	Share of revenue	Year over year
Revenue	12.9	100%	+11%
Marine Systems	4.1	32%	+14%
Technologies	3.3	26%	−2%
Aerospace	3.2	25%	+30%
Combat Systems	2.3	18%	+2%
Cost of revenue	−6.8	53%
Gross profit	6.1	47% margin	−3pp
G&A	−0.6	5%	−1pp
Other	−4.2	32%	+0pp
Operating profit	1.3	10% margin	+0pp
Tax	−0.1
Interest & other costs	−0.1
Net profit	1.1	8%	+0pp

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 29, 2025).
Item	Value	Share of revenue	Year over year
Revenue	13	100%	+9%
Marine Systems	4.2	32%	+22%
Technologies	3.5	27%	+5%
Aerospace	3.1	24%	+4%
Combat Systems	2.3	18%	+0%
Cost of revenue	−6.8	52%
Gross profit	6.2	48% margin	−1pp
G&A	−0.6	5%	+0pp
Other	−4.3	33%	+0pp
Operating profit	1.3	10% margin	+0pp
Tax	−0.2
Interest & other costs	−0.1
Net profit	1	8%	+0pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q1 FY26	Jan 1 – Apr 5, 2026	Jul 29, 2026	$13.5B	+10%	10%	$1.1B	8%
Q4 FY25	Sep 29 – Dec 31, 2025	Jan 30, 2026	$14.4B	+8%	10%	$1.1B	8%
Q3 FY25	Jun 30 – Sep 28, 2025	Oct 24, 2025	$12.9B	+11%	10%	$1.1B	8%
Q2 FY25	Mar 31 – Jun 29, 2025	Jul 23, 2025	$13B	+9%	10%	$1B	8%