General Dynamics CorporationQ2 revenue and EPS beat estimates, record backlog of $136.5B

General Dynamics reported second-quarter revenue of $14.09 billion, beating Wall Street estimates by 4% and growing 8.1% year on year, while adjusted earnings per share of $4.24 also topped expectations. The company’s total backlog reached a record $136.5 billion, up 31.6% from a year earlier, driven by strong order activity in Aerospace and Marine Systems. CEO Phebe Novakovic credited higher Gulfstream and Jet Aviation deliveries and productivity gains in shipbuilding, including accelerated work on Columbia and Virginia-class submarine programs. Management expects continued momentum in the second half, supported by a stable supply chain and ongoing investments in production capacity, though higher capital expenditures and tax payments may moderate free cash flow. General Dynamics shares traded at $386.44, down slightly from $393.19 before the earnings release.
General Dynamics CorporationQ2 revenue and EPS beat estimates, record backlog of $136.5B