General Dynamics' first quarter 2026 results miss expectations on weaker Aerospace revenue and slower G700 deliveries.

General Dynamics reported first quarter revenue of $10.9 billion and diluted earnings per share of $3.17, falling short of analyst consensus. The miss was primarily driven by underperformance in the Aerospace segment, though defense orders remained strong.

Key Highlights

• First quarter revenue of $10.9 billion missed the $12.7 billion estimate, while EPS of $3.17 was below the expected $3.68.
• The key Aerospace segment generated revenue of $2.5 billion, failing to meet expectations amid a slower-than-anticipated delivery ramp for the new Gulfstream G700 aircraft.
• Total company backlog grew to $122 billion, with a consolidated book-to-bill ratio of 1.1-to-1, signaling continued robust demand across the defense portfolio.