Q2 2026 General Dynamics Corp Earnings Call Transcript

Jul 29, 2026 / 01:00 PM GMT

Release Date Price: R$1942.2

Transcript 10-Q8-K

Key Points

Positve

General Dynamics Corp (GD) reported a strong quarter with earnings per diluted share up 13.4% year-over-year.
The company achieved a record backlog of $136.5 billion, up 32% from the previous year.
Operating cash flow for the first half of the year exceeded $4 billion, demonstrating strong cash generation.
Aerospace segment showed significant improvement with a 26.6% increase in operating earnings.
Marine systems segment demonstrated strong revenue growth, driven by the Columbia and Virginia class programs.

Negative

Operating margins in the combat systems segment decreased by 30 basis points compared to the previous year.
The company anticipates a lighter second half of the year due to higher planned capital expenditures and other factors.
There are ongoing challenges in the supply chain, particularly with single sources of supply for large complex components.
The aerospace segment experienced a slightly disadvantageous mix, leading to increased G&A and R&D expenses.
The technologies segment saw a decrease in operating margin by 20 basis points from the previous year.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GD.N - General Dynamics Corp
Q2 2026 General Dynamics Corp Earnings Call
Jul 29, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to the General Dynamics second quarter 2 conference call.

I participate in listen-only mode.

Please note this event is being recorded.

I would now like to turn the conference over to Nicole Shelton, Vice President of Investor Relations.

Go ahead, thank you, everyone.

Welcome to the General Dynamics second quarter 2026 conference call, any forward-looking statements made today represent our estimates regarding the company's outlook.

These estimates are and uncertainties.

Additional information regarding these factors is contained in the company 10K, 10Q, and 8k filings.

We will also refer to certain non-GAAP financial measures for

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