General Dynamics (GD) official guidance
General Dynamics (GD) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.
See the full Filings Intelligence suiteGDGENERAL DYNAMICS CORPFY2030+ · ends 2030-12-31
1 metric1 newearnings call · 11d
2026-10-30 14:31:58 UTC200new
Our intent is to deliver 200 aircraft in 2030.
GD · transcript · Q3 FY2026
2026-10-30 14:31:00 UTCOpen source
GDGENERAL DYNAMICS CORPFY2026 · ends 2026-12-31
9 metrics2 raised1 lowered3 new3 maintainedearnings call · 11d
2026-10-30 14:31:58 UTC3.5% – 4%maintained
We continue to expect capital expenditures between 3.5% and 4% of sales for the full year, so you should expect a fourth quarter of significant growth as we close out the year and continue to invest, especially in our shipyards, to accelerate production and meet future demand.
GD · transcript · Q3 FY2026
2026-10-30 14:31:00 UTCOpen source
2026-07-30 04:01:04 UTC3.5% – 4%maintained
We continue to expect capital expenditures between 3.5% and 4% of sales for the full-year.
GD · transcript · Q2 FY2026
2026-07-30 04:00:00 UTCOpen source
2026-04-30 04:01:02 UTC3.5% – 4%maintained
While capital expenditures were around 1.5% of sales in the quarter, we continue to expect capital expenditures between 3.5% and 4% of sales for the full year.
GD · transcript · Q1 FY2026
2026-04-30 04:00:00 UTCOpen source
2026-01-29 05:01:47 UTC3.5% – 4%new
Our capital expenditures will equal between 3.5% and 4% of sales as we continue to invest, especially in our shipyards, to accelerate production and meet future demand.
GD · transcript · Q4 FY2025
2026-01-29 05:00:00 UTCOpen source
2026-10-30 14:31:58 UTC$17.2 – $17.3raised +2.4%11.3% – 11.9% vs FY2025
In light of our performance in the third quarter and year-to-date, we once again increase our forecast to between $17.20-$17.30 per diluted share, almost 7% higher than we anticipated at the beginning of the year.
GD · transcript · Q3 FY2026
2026-10-30 14:31:00 UTCOpen source
2026-07-30 04:01:04 UTC$16.8 – $16.9raised +2.1%8.7% – 9.3% vs FY2025
All this rolls up to an increased EPS forecast of $16.80-$16.90 for the year.
GD · transcript · Q2 FY2026
2026-07-30 04:00:00 UTCOpen source
2026-04-30 04:01:02 UTC$16.45 – $16.55raised +2.2%6.4% – 7.1% vs FY2025
Our updated guidance for 2026 would be an EPS range of $16.45-$16.55.
GD · transcript · Q1 FY2026
2026-04-30 04:00:00 UTCOpen source
2026-01-29 05:01:47 UTC$16.1 – $16.2new
All of this rolls up to an EPS forecast between $16.10 and $16.20.
GD · transcript · Q4 FY2025
2026-01-29 05:00:00 UTCOpen source
2026-10-30 14:31:58 UTC105%maintained
We continue to expect free cash flow conversion at around 105% for the year, with the potential for some upside depending on the pace of capital projects in the fourth quarter.
GD · transcript · Q3 FY2026
2026-10-30 14:31:00 UTCOpen source
2026-07-30 04:01:04 UTC105%raised +5.0%
Given our strong cash performance so far, we now expect a free cash flow conversion rate a little north of 100% of net income for the year. Let's say around 105%.
GD · transcript · Q2 FY2026
2026-07-30 04:00:00 UTCOpen source
2026-04-30 04:01:02 UTC100%maintained
We continue to expect a free cash flow conversion rate of 100% of net income for the year, but the strong cash acceleration into the first quarter results in a profile that will look a little different than what I provided in January.
GD · transcript · Q1 FY2026
2026-04-30 04:00:00 UTCOpen source
2026-01-29 05:01:47 UTC100%new
We expect to return to our free cash flow conversion rate goal of 100% of net income.... This is based on particularly strong operating cash flow, offsetting elevated levels of continued investment across our businesses.
GD · transcript · Q4 FY2025
2026-01-29 05:00:00 UTCOpen source
2026-10-30 14:31:58 UTC$215Mlowered -20.4%
At this point, our expectation for net interest expense for the year is approximately $215 million.
GD · transcript · Q3 FY2026
2026-10-30 14:31:00 UTCOpen source
2026-07-30 04:01:04 UTC$270Mlowered -20.6%
At this point, our expectation for net interest expense for the year is approximately $270 million.
GD · transcript · Q2 FY2026
2026-07-30 04:00:00 UTCOpen source
2026-01-29 05:01:47 UTC$340Mnew
Under the assumption that we refinance the maturing notes, we expect interest expense to increase to approximately $340 million due to higher expected interest rates on the new debt.
GD · transcript · Q4 FY2025
2026-01-29 05:00:00 UTCOpen source
2026-10-30 14:31:58 UTC10.5%maintained31 bps vs FY2025
This contemplates revenue between $56.5 billion-$56.8 billion, and operating margin around 10.5%.
GD · transcript · Q3 FY2026
2026-10-30 14:31:00 UTCOpen source
2026-07-30 04:01:04 UTC10.5%raised +1.0%31 bps vs FY2025
For 2026 company-wide, we expect to see revenue of approximately $55.7 billion and operating margin of 10.5%.
GD · transcript · Q2 FY2026
2026-07-30 04:00:00 UTCOpen source
2026-01-29 05:01:47 UTC10.4%new
We anticipate operating margins of 10.4%, up 20 basis points from 2025 actuals.
GD · transcript · Q4 FY2025
2026-01-29 05:00:00 UTCOpen source
2026-10-30 14:31:58 UTC$56.5B – $56.8Braised +1.7%7.5% – 8.1% vs FY2025
This contemplates revenue between $56.5 billion-$56.8 billion, and operating margin around 10.5%.
GD · transcript · Q3 FY2026
2026-10-30 14:31:00 UTCOpen source
2026-07-30 04:01:04 UTC$55.7Braised +2.1%6% vs FY2025
For 2026 company-wide, we expect to see revenue of approximately $55.7 billion and operating margin of 10.5%.
GD · transcript · Q2 FY2026
2026-07-30 04:00:00 UTCOpen source
2026-01-29 05:01:47 UTC$54.3B – $54.8Bnew
So for 2026 company-wide, we expect to see revenue in the range of $54.3 billion-$54.8 billion.
GD · transcript · Q4 FY2025
2026-01-29 05:00:00 UTCOpen source
2026-10-30 14:31:58 UTChigh single digitsnew7% – 9% vs FY2025
And it speaks to the strength of the Combat portfolio in its totality that the largest part of the Combat group is in this transition phase, but yet it's still able to grow, and it'll grow in the high single digits in 2026 as compared to 2025.
GD · transcript · Q3 FY2026
2026-10-30 14:31:00 UTCOpen source
2026-10-30 14:31:58 UTC$2Bnew
And 2026 will grow close to $2 billion, $2 billion over 2025.
GD · transcript · Q3 FY2026
2026-10-30 14:31:00 UTCOpen source
2026-10-30 14:31:58 UTCmid-single digitsnew4% – 6% vs FY2025
But overall, when you look at 2026 as compared to 2025, we'll be up in the mid-single digits, and I think you can expect that that growth will be sustained over time.
GD · transcript · Q3 FY2026
2026-10-30 14:31:00 UTCOpen source
GDGENERAL DYNAMICS CORPQ4 FY2026 · ends 2026-12-31
1 metric1 newearnings call · 11d
2026-10-30 14:31:58 UTCa little downnew
I think fourth quarter will be a little down, and that speaks more to the strength of the third than any particular issue in the fourth.
GD · transcript · Q3 FY2026
2026-10-30 14:31:00 UTCOpen source
GDGENERAL DYNAMICS CORPFY2026 · ends 2026-12-31
1 metric1 maintainedearnings call · 2026-07-30 04:01:04 UTC
2026-07-30 04:01:04 UTC160maintained
Gulfstream will still deliver about 160 airplanes.
GD · transcript · Q2 FY2026
2026-07-30 04:00:00 UTCOpen source
2026-01-29 05:01:47 UTC160new
Gulfstream deliveries will be 160 with a little upside.
GD · transcript · Q4 FY2025
2026-01-29 05:00:00 UTCOpen source
GDGENERAL DYNAMICS CORPH4 FY2026 · ends 2026-12-31
1 metric1 newearnings call · 2026-07-30 04:01:04 UTC
2026-07-30 04:01:04 UTCat least $500Mnew
Second, our cash taxes are weighted toward the back half of the year, with over $500 million of payments expected.
GD · transcript · Q2 FY2026
2026-07-30 04:00:00 UTCOpen source
GDGENERAL DYNAMICS CORPFY2026 · ends 2026-12-31
2 metrics1 raised1 maintainedearnings call · 2026-07-30 04:01:04 UTC
2026-07-30 04:01:04 UTC17.5%maintained0 bps vs FY2025
This rate is a little higher than our outlook for the full-year, which remains around 17.5%.
GD · transcript · Q2 FY2026
2026-07-30 04:00:00 UTCOpen source
2026-04-30 04:01:02 UTC17.5%0 bps vs FY2025
Our effective tax rate in the first quarter of 2026 was 17.8%, generally consistent with our full-year guidance of 17.5%.
GD · transcript · Q1 FY2026
2026-04-30 04:00:00 UTCOpen source
2026-01-29 05:01:47 UTCremain at a similar levelnew
Looking ahead to 2026, we expect the tax rate to remain at a similar level.
GD · transcript · Q4 FY2025
2026-01-29 05:00:00 UTCOpen source
2026-07-30 04:01:04 UTC14.7%raised +5.0%
We anticipate a 14.7% operating margin for the year.
GD · transcript · Q2 FY2026
2026-07-30 04:00:00 UTCOpen source
2026-01-29 05:01:47 UTC14%new
Operating margin is expected to be increased to around 14%.
GD · transcript · Q4 FY2025
2026-01-29 05:00:00 UTCOpen source
GDGENERAL DYNAMICS CORPQ3 FY2026
1 metric1 newearnings call · 2026-07-30 04:01:04 UTC
2026-07-30 04:01:04 UTCabout the same as this quarternew
The third quarter operating margin will be about the same as this quarter with a better fourth quarter.
GD · transcript · Q2 FY2026
2026-07-30 04:00:00 UTCOpen source
GDGENERAL DYNAMICS CORPQ4 FY2026 · ends 2026-12-31
1 metric1 newearnings call · 2026-07-30 04:01:04 UTC
2026-07-30 04:01:04 UTCa better fourth quarternew
The third quarter operating margin will be about the same as this quarter with a better fourth quarter.
GD · transcript · Q2 FY2026
2026-07-30 04:00:00 UTCOpen source
GDGENERAL DYNAMICS CORPFY2026 · ends 2026-12-31
3 metrics1 raised1 lowered1 newearnings call · 2026-07-30 04:01:04 UTC
2026-07-30 04:01:04 UTC13.8%lowered -2.1%
In Combat, we expect revenue of about $9.8 billion, coupled with a 13.8% operating margin.
GD · transcript · Q2 FY2026
2026-07-30 04:00:00 UTCOpen source
2026-01-29 05:01:47 UTC14.1%new
In Combat Systems, we expect revenue in a range of $9.6 billion-$9.7 billion, coupled with an operating margin of 14.1%.
GD · transcript · Q4 FY2025
2026-01-29 05:00:00 UTCOpen source
2026-07-30 04:01:04 UTC7.4%new
Our outlook for the year now anticipates revenue around $18 billion with an operating margin for the year of 7.4%.
GD · transcript · Q2 FY2026
2026-07-30 04:00:00 UTCOpen source
2026-07-30 04:01:04 UTC9.4%raised +2.2%
In Technologies, we expect revenue of $14.1 billion and an operating margin of 9.4%.
GD · transcript · Q2 FY2026
2026-07-30 04:00:00 UTCOpen source
2026-01-29 05:01:47 UTC9.2%new
Operating margins are expected to decrease around 30 basis points to 9.2%.
GD · transcript · Q4 FY2025
2026-01-29 05:00:00 UTCOpen source