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last_updated: 2026-05-04T10:16:43.983Z
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# General Dynamics Corporation (GD) Q4 FY2026 Earnings Preview

> This content was automatically generated with FMP live data + Q1 FY2026 earnings call transcript. Generated: 2026-05-04T10:16:42.857Z. Educational tool, not investment advice.

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## Quick Summary

| Field | Value | Source |
|---|---|---|
| Price | $345.84 (▲ 0.45%) | fmp:quote |
| Market Cap | $93.5B | fmp:profile |
| 52w range | $267.39 – $369.70 | fmp:quote |
| Earnings | Wed 22 Jul | fmp:earnings-history |
| EPS estimate | $3.88 (+4% YoY) | fmp:earnings-estimate |
| Revenue estimate | $13.4B | fmp:earnings-estimate |
| Beat streak | 6/4 | fmp:earnings-history |
| Rating | A- (overall 4/5) | fmp:ratings |
| Analyst median target | $409 (+18.3% upside) | fmp:price-target-consensus |
| MoonshotScore | 43/100 | derived |
| Council | 3/6 bullish | derived |
| Munger verdict | Fairly Valued | derived |

## General Dynamics Corporation — Q4 FY2026 Expectations

Q4 consensus: revenue <strong data-source="fmp:earnings-estimate" data-field="estimates.next.revenueAvgLabel">$13.4B</strong><sup class="cite" data-source="fmp:earnings-estimate" data-field="estimates.next.revenueAvg" title="FMP est">[FMP est]</sup>, EPS <strong data-source="fmp:earnings-estimate" data-field="estimates.next.epsAvg">$3.88</strong><sup class="cite" data-source="fmp:earnings-estimate" data-field="estimates.next.epsAvg" title="FMP est">[FMP est]</sup>. 6 consecutive quarters of beat<sup class="cite" data-source="fmp:earnings-history" data-field="earnings.beatStreakCount" title="FMP earnings">[FMP earnings]</sup>.

## Quick Take

**Score:** A- · **Stance:** BUY · **Council:** 3/6 · **Moonshot:** 43

= MoonshotScore <strong>43</strong><sup class="cite" data-source="derived" data-field="moonshot.score" title="9-pillar formula">[9-pillar formula]</sup> + Council <strong>3/6</strong><sup class="cite" data-source="derived" data-field="council.bullishCount" title="6-lens rule">[6-lens rule]</sup>. Form 4: 0 transactions<sup class="cite" data-source="fmp:insider-trading" data-field="insider.txCount" title="FMP Form 4">[FMP Form 4]</sup>.

## Watchlist (6 metrics)

### 1. Capex Increase

The company's capital expenditures were up over 40% to $203 million in the first quarter, and are expected to grow each quarter for the full year.

> "Compared to the first quarter of 2025, capital expenditures were up over 40% to $203 million."
> — Kimberly Kuryea, Chief Financial Officer, Risk Indicator · Q1 FY2026

### 2. Eps Guidance Increase

The company raised its 2026 EPS guidance to a range of $16.45 to $16.55 to reflect its strong start.

> "Our updated guidance for 2026 would be an EPS range of $16.45 to $16.55."
> — Danny Deep, President, Expectation / Guide · Q1 FY2026

### 3. Marine Systems Growth

Marine Systems led the way with a 26.4% increase from improved operating performance across all of our shipyards coupled with the revenue increase.

> "Each of the segments demonstrated better performance led by Marine Systems with a 26.4% increase from improved operating performance across all of our shipyards coupled with the revenue increase."
> — Danny Deep, President, Investor Focus · Q1 FY2026

### 4. Strong Cash Flow

The company's strong cash performance in the first quarter is highlighted by operating cash flow of $2.2 billion.

> "The first quarter was a very strong start to the year with operating cash flow of $2.2 billion."
> — Kimberly Kuryea, Chief Financial Officer, Investor Focus · Q1 FY2026

### 5. Record Backlog

The company's total backlog reached $131 billion, an impressive 48% increase over last year.

> "The robust demand across our portfolio resulted in total backlog of $131 billion, an impressive 48% increase over last year and 11% higher than just a quarter ago."
> — Kimberly Kuryea, Chief Financial Officer, Investor Focus · Q1 FY2026

### 6. Q1 Eps Beat

The company beat consensus by $0.43 in the quarter due to more revenue and better operating margins.

> "We beat consensus by $0.43 in the quarter on more revenue and better operating margins than expected by the sell side."
> — Danny Deep, President, Investor Focus · Q1 FY2026


## MoonshotScore Pillars

| Pillar | Score | Level | Evidence |
|---|---|---|---|
| Revenue Growth | 2.0 | weak | Q1 vs Q2: moderate growth (+3.4%) |
| Gross Margin | 2.0 | weak | Q1: low margin (15.9%, capital-intensive or commodity) |
| Operating Leverage | 1.0 | weak | op margin average (10.5%) |
| Cash Runway | 10.0 | strong | FCF very strong ($2.0B, 9.6× CapEx) |
| R&D Intensity | 3.0 | weak | low R&D investment (0.9%, weak innovation) |
| Price Momentum | 7.0 | strong | RSI 57.5 positive momentum, 50d above |
| News Sentiment | 5.0 | medium | majority buy (54%) |

**Formula:** sum(pillar.score) / (count * 10) * 100. Each pillar deterministic from FMP. Source maps in pillar.formula.

## Council (7-Lens)

| Name | Stance | Context |
|---|---|---|
| Ray Dalio | bull | macro · target upside +18.3% |
| Ken Griffin | bull | flow · 50d MA above |
| Jim Simons | neutral | quant · RSI 57 |
| Klarman | neutral | value · target upside +18.3% |
| Buffett | bull | quality · ROE score 4/5 |
| Munger | neutral | valuation · target upside +18.3% |

**Formula:** Each lens uses deterministic rule on bundle data. Logged in member.contextTr.

## Munger Lens

- **Verdict:** Fairly Valued
- **Financial Health:** Strong
- **Margin of Safety:** Moderate
- **Interest Coverage:** Adequate
- **ROIC vs WACC:** Healthy

**Formula:** verdict=upside>25?Undervalued:>0?Fairly Valued:Overvalued. Each lens deterministic from FMP ratings + priceTarget.

## Technical Levels

- **RSI(14):** 57.5 — yükselişte nötr — overbought sınırının altında, momentum pozitif
- **50d MA:** $346 — hisse %0.1 üstünde — kısa vadeli destek
- **200d MA:** $339 — hisse %2.1 üstünde — uzun vadeli destek
- **Volume (10d):** -17%

## Past Performance (4 Quarters)

| Quarter | EPS Actual | EPS Estimate | Result | Reaction |
|---|---|---|---|---|
| Q2 FY25 | $3.74 | $3.55 | BEAT | -0.9% |
| Q3 FY25 | $3.88 | $3.70 | BEAT | +0.9% |
| Q4 FY25 | $4.17 | $4.11 | BEAT | -1.9% |
| Q1 FY26 | $4.10 | $3.67 | +11.7% EPS | +1.6% |

Q1 (April 29, 2026): EPS $4.10 vs $3.67 est<sup class="cite" data-source="fmp:earnings-history" data-field="earnings.history.0" title="FMP">[FMP]</sup>, +11.7% beat. D+1 movement: +1.6%<sup class="cite" data-source="fmp:earnings-history" data-field="earnings.timeline.3.reactionLabel" title="FMP D+1">[FMP D+1]</sup>. Decline despite beat — market reacted to guidance, not numbers.

## 3 Scenarios

### Scenario A · Beat
**Q4 EPS > $3.88 + CapEx discipline**

Threshold: EPS > $3.88<sup class="cite" data-source="fmp:earnings-estimate" data-field="estimates.next.epsAvg">[FMP est]</sup>.

Target: Break above median target $409<sup class="cite" data-source="fmp:price-target-consensus" data-field="priceTarget.median">[FMP target]</sup>; high target $444<sup class="cite" data-source="fmp:price-target-consensus" data-field="priceTarget.high">[FMP]</sup> upper bound.

### Scenario B · In-Line
**EPS ≈ $3.88 + CapEx < $203.0M**

Threshold: EPS ≈ $3.88<sup class="cite" data-source="fmp:earnings-estimate" data-field="estimates.next.epsAvg">[FMP est]</sup>, Q4 CapEx < $203.0M<sup class="cite" data-source="fmp:cashflow" data-field="cashflow.qPrev.capexLabel">[FMP]</sup>.

Target: Consolidation in the band between current $346<sup class="cite" data-source="fmp:quote" data-field="quote.price">[FMP]</sup> and median $409<sup class="cite" data-source="fmp:price-target-consensus" data-field="priceTarget.median">[FMP]</sup>.

### Scenario C · Miss
**EPS < $3.76 or CapEx ≥ $203.0M**

Threshold: EPS < $3.76<sup class="cite" data-source="fmp:earnings-estimate" data-field="estimates.next.epsAvg">[FMP est×0.97]</sup>.

Target: Current $346 below SMA200 $339<sup class="cite" data-source="fmp:technical" data-field="technical.sma200">[FMP]</sup>, if rejection continues, $288<sup class="cite" data-source="derived" data-field="technical.sma200" data-formula="round(sma200*0.85)">[derived]</sup> support activates.

## Risk Notes

### Primary segment below threshold
Q1: EPS $4.10 vs $3.67 beat<sup class="cite" data-source="fmp:earnings-history" data-field="earnings.history.0" title="FMP">[FMP]</sup>, stock +1.6% D+1<sup class="cite" data-source="fmp:earnings-history" data-field="earnings.timeline.3.reactionLabel" title="FMP">[FMP]</sup>.

### Backlog concentration
No RPO/backlog concentration disclosed in Q1 earnings call.

### Insider trading
Form 4 data is marked in the table — this page does not generate assumptions for this stock.

| Executive | Action | Amount | Date |
|---|---|---|---|


**Net:** — (0 transactions · 0 sells · 0 buys) · Q1 FY26

### CapEx shock
Q1 CapEx $203.0M<sup class="cite" data-source="fmp:cashflow" data-field="cashflow.qPrev.capexLabel" title="FMP cashflow">[FMP cashflow]</sup>. Q1 op margin 10.5%<sup class="cite" data-source="fmp:income" data-field="income.quarters.0.operatingMargin" title="FMP op margin">[FMP op margin]</sup> — this level in Q4 is sensitive to CapEx revision risk.

## Wall Street Consensus

- **Median target:** $409 (+18.3% upside vs current $346)
- **High / Low:** $444 / $371
- **Buy / Hold / Sell:** 13 / 10 / 1
- **Analyst count:** 2 (last quarter), 57 all-time

## Additional Transcript Insights

### 1. q1_eps_beat

**Claim:** The company beat consensus by $0.43 in the quarter due to more revenue and better operating margins.

**Evidence (transcript):** "We beat consensus by $0.43 in the quarter on more revenue and better operating margins than expected by the sell side."

**Numbers:** $0.43

### 2. marine_systems_growth

**Claim:** Marine Systems led the way with a 26.4% increase from improved operating performance across all of our shipyards coupled with the revenue increase.

**Evidence (transcript):** "Each of the segments demonstrated better performance led by Marine Systems with a 26.4% increase from improved operating performance across all of our shipyards coupled with the revenue increase."

**Numbers:** 26.4%

### 3. strong_cash_flow

**Claim:** The company's strong cash performance in the first quarter is highlighted by operating cash flow of $2.2 billion.

**Evidence (transcript):** "The first quarter was a very strong start to the year with operating cash flow of $2.2 billion."

**Numbers:** $2.2 billion

### 4. capex_increase

**Claim:** The company's capital expenditures were up over 40% to $203 million in the first quarter, and are expected to grow each quarter for the full year.

**Evidence (transcript):** "Compared to the first quarter of 2025, capital expenditures were up over 40% to $203 million."

**Numbers:** 40%, $203 million

### 5. record_backlog

**Claim:** The company's total backlog reached $131 billion, an impressive 48% increase over last year.

**Evidence (transcript):** "The robust demand across our portfolio resulted in total backlog of $131 billion, an impressive 48% increase over last year and 11% higher than just a quarter ago."

**Numbers:** $131 billion, 48%, 11%

### 6. eps_guidance_increase

**Claim:** The company raised its 2026 EPS guidance to a range of $16.45 to $16.55 to reflect its strong start.

**Evidence (transcript):** "Our updated guidance for 2026 would be an EPS range of $16.45 to $16.55."

**Numbers:** $16.45, $16.55


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*Data source: FMP (live query, 2026-05-04), Q1 FY2026 earnings call transcript (Translated to EN with Gemini 2.0 Flash). Educational tool, not investment advice.*