General Dynamics Reports Second-Quarter 2026 Financial Results

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  "data": {
    "url": "https://www.prnewswire.com/news-releases/general-dynamics-reports-second-quarter-2026-financial-results-302836859.html",
    "title": "General Dynamics Reports Second-Quarter 2026 Financial Results",
    "excerpt": "RESTON, Va. , July 29, 2026 /PRNewswire/ -- General Dynamics (NYSE: GD ) today reported second-quarter 2026 operating earnings of $1.5 billion, and $4.24 per diluted share (EPS), on revenue of $14.1 billion. Compared with the year-ago quarter, revenue increased 8.1%, operating earnings increased 11.9%, and diluted EPS increased 13.4%. Operating margin of 10.4% was a 40-basis-point expansion from the year-ago quarter. \"Our businesses delivered solid results in the quarter, with revenue growth across all four segments – including double-digit increases in revenue and noteworthy margin expansion in Aerospace and Marine Systems – reflecting our ongoing efforts to increase the pace of execution and deliver on our backlog,\" said Phebe Novakovic, chairman and chief executive officer. \"We are well positioned to support our customers' needs and are continuing to make significant investments to increase output to meet strong and growing demand.\" Cash and Capital Deployment Net cash provided by operating activities in the quarter totaled $1.9 billion, or 162% of net earnings. During the quarter, the company paid $429 million in dividends, invested $234 million in capital expenditures, and reduced total debt by $498 million. The company ended the quarter with $7.5 billion in total debt and $4.3 billion in cash and equivalents on hand. Orders and Backlog Orders received in the quarter...",
    "summary": "General Dynamics reported operating earnings of $1.5 billion for the second quarter of 2026.",
    "location": "Reston, Virginia, USA",
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    "published_at": "2026-07-29T11:00:00Z",
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