General Dynamics Corporation (GD) earnings on July 29, 2026

Before the market opens Q2 2026

More General Dynamics Corporation earnings

Prior outlook: Optimistic Outcome: Partial

General Dynamics opened higher but reversed sharply to close down 3.11%, a common pattern when stocks that have risen recently fall after news is released.

GD price around the earnings

380.96

Change: -3.1%

2026-07-29, 20:00 UTC

Start of the measured window End of the measured window
380.96 386.78 392.61 398.43 393.19
Price series around the eventClosing price per minute from before the event to the end of the measured window.
July 29, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Optimistic Outcome: Partial

Thesis published
Results released

Strong past beats (100%), defense contracts, Buy-rated but after a strong recent rise (IV 82.75%) creating sell-the-news risk.

Context analyzed before publication

Trend
Consistently high scores indicate a strong run-up into earnings, suggesting after a strong recent rise conditions and potential sell-the

Analysts

Evidence

Analyst consensus
Buy
Consensus average (1-5)
2.13
Analysts covering the stock
21
Average price target
395.74
Lowest price target
308
Highest price target
444
Upside to price target
0.6%
Quarterly earnings growth
13.2%
Revenue growth
10.3%
Forward EPS
18.22
Trailing EPS
16.04
Analyst moves in the last 60 days
3
  • Strong buy: 3
  • Buy: 10
  • Hold: 10
  • Sell: 1
  • Strong sell: 0
Strong buy
3
Buy
10
Hold
10
Sell
1
Strong sell
0
  • July 9, 2026 · Jefferies: Maintains rating (Buy → Buy)
  • July 6, 2026 · B of A Securities: Maintains rating (Buy → Buy)
  • June 11, 2026 · Jefferies: Upgrades rating (Hold → Buy)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
Low
Normalized volume
33%
News
Sources (8)

Technicals

Evidence

Price when the context was analyzed
393.22
Average true range (ATR)
1.9%
Distance to 52-week high
+0.0%
14-day change (14d)
+6.4%
30-day change (32d)
+13.5%
30-day relative strength
+11.9%
SPY change (32d)
+1.6%
Nearest support
392.37
Distance to nearest support
0.2%
Nearest resistance
397.1
Distance to nearest resistance
1%
Volume accumulation ratio (14d / 46d)
0.93
  • Mid: 392.37 (0.2% away, 0.12 ATR, 8 touches)
  • Minor: 389.6 (0.9% away, 0.49 ATR, 3 touches)
  • Mid: 387.56 (1.4% away, 0.77 ATR, 10 touches)
  • Minor: 397.1 (1% away, 0.53 ATR, 2 touches)

Trends

Evidence

Average earnings surprise
+5.6%
  • April 29, 2026: actual EPS 4.1 vs estimate 3.69 (surprise +11.1%)
  • January 28, 2026: actual EPS 4.17 vs estimate 4.12 (surprise +1.3%)
  • October 24, 2025: actual EPS 3.88 vs estimate 3.71 (surprise +4.6%)
  • July 23, 2025: actual EPS 3.74 vs estimate 3.54 (surprise +5.6%)

Expected move

Implied move
+4.3%
Source
Options chain

Reactions over its last 20 earnings

Median move
3%
75th percentile move
3.9%
90th percentile move
5%
Up / down moves
10 / 10
Average up move
+3.2%
Average down move
-2.6%

Monitoring and close

What General Dynamics Corporation reported

Status
Finished
Actual EPS4.24
EPS estimate3.96
EPS surprise+7.1%
Revenue$14,094 million
Revenue estimate$13,535 million
Revenue surprise+4.1%

General Dynamics reported a solid quarter with record orders. New U.S. Navy contracts worth $76.6 billion reinforce an optimistic outlook.

Sources (23)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, the figures don't clearly confirm the prior scenario.

How the stock reacted

Outcome
Partial
Consolidated
-3.1%
Max favorable move (MFE)
1.5%
Max adverse move (MAE)
3.1%