Filing Flows › General Dynamics (GD) › Q3 2026
General Dynamics (GD) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 30, 2026
General Dynamics (GD) reported revenue of $14.6B for the third quarter 2026 (Q3 2026), +13% from a year earlier and +3% from the quarter before. Operating margin was 10.5%, net earnings $1.2B (8.4% of revenue).
General Dynamics, Q3 2026: revenue $14.6B (+13% year over year), operating margin 10.5%, net earnings $1.2B, operating cash flow $1.7B. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.6B | +3% | +13% |
| Operating profit | $1.5B | +5% | +15% |
| Net earnings | $1.2B | +6% | +16% |
| Operating cash flow | $1.7B | — | -19% |
| Free cash flow | $1.2B | — | -35% |
What changed
Revenue was $14.6B in Q3 2026, up 13% year over year and up 3% from the previous quarter. Marine Systems was the largest line at 34% of revenue. Marine Systems added $0.86B year over year (up 21%), 52% of the total change.
Operating profit was $1.5B, a 10.5% margin (up 0.2 points year over year). Of the extra revenue versus Q3 2025, 12% reached operating profit, above the 10% margin then. Total costs grew 13% against revenue growth of 13%. The fastest-growing cost line was General & admin (+13%). Net earnings were $1.2B, up 16% year over year. The effective tax rate was 17.3%.
Operating cash flow was $1.7B (down 19% year over year), 139% of net earnings. Non-cash charges added back $0.23B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items added $0.18B. After capital expenditures ($0.48B), free cash flow as the company reports it was $1.2B.
Questions
What was General Dynamics' revenue in the third quarter 2026?
General Dynamics (GD) reported revenue of $14.6B for the third quarter 2026 (Q3 2026), +13% from a year earlier and +3% from the quarter before.
Was General Dynamics profitable in the third quarter 2026?
Operating profit was $1.5B (10.5% of revenue) and net earnings $1.2B.
Source: General Dynamics 10-Q on SEC EDGAR.