GD General Dynamics Corp.

$GD Huge bookings quarter - led by submarine new orders and cadence pickup… Also positive for $BWXT 20%+ of business powering subs and smaller suppliers $KRMN $DRS , Huntington already announced a very well executed qtr yesterday $HII

$GD Combat Systems revenue is up only 248 million dollars over the first nine months of 2026, and the 10-Q bridge shows why. Weapon systems and munitions added 343 million dollars on higher artillery production. International military vehicles added 108 million. U.S. military vehicles subtracted 203 million as Army demand fell and the M10 Booker program was terminated. Segment margin slipped to 13.8 percent in Q3 from 14.9 percent a year earlier, which the filing puts down to program mix.

$GD posted Q3 '26 revenue of $14.6B (+12.9% YoY), EPS of $4.49 (+15.7%) and operating margin of 10.5% (+20 bps). Orders hit $98.8B, lifting backlog to $220.3B. FY26 EPS guidance raised to $17.20–17.30 from $16.80–16.90, on $56.5–56.8B revenue. Total estimated contract value reached $270.7B, including potential awards unexercised contract options. Catalysts in play - 6.8x book-to-bill; major Virginia- and Columbia-class submarine contracts. - Marine Systems revenue +21.1%, operating profit +34.4%. - Gulfstream demand strong: Aerospace book-to-bill 1.4x. - Technologies revenue +10.8%; record Mission Systems orders. - Q3 operating cash flow $1.7B, 139% of earnings. Risks to watch - Shipyard labor, capacity and supplier bottlenecks could slow execution. - Combat Systems margin fell to 13.8% from 14.9%. - Technologies margin slipped to 9.4% from 9.8%. - Q3 free cash flow fell to $1.23B from $1.90B; capex is rising. - Large defense backlog depends on multi-year government funding and delivery schedules.

$GD reported before the open this morning. GAAP EPS of $4.49 beat the $4.12 analyst estimate by 9.0%, according to Stock Meadow. Revenue was $14.6B versus $13.7B expected.

$GD Is GD's updated $17.20–$17.30 EPS outlook cautious when it implies a weaker Q4 than Q3's $4.49? 🏢 General Dynamics, the Gulfstream business-jet, shipbuilding and combat-vehicle maker worth about $102.02B at $377.26 a share at 12:01 ET on October 30, 2026, updated its 2026 diluted EPS outlook to $17.20–$17.30 in its Q3 10-Q filed October 30 📈 On the other side, nine-month diluted EPS is up about 13.6% to $12.83 from $11.29, Q3 backlog jumped to $220.3B from $136.5B, and a Q4 that only matched Q3 would put the year at $17.32, above the new top end 📅 Next: Danny Deep takes over as CEO on January 1, 2027, with Phebe Novakovic moving to executive chairman, and the Q4 report will show whether 2026 EPS clears $17.30 Source: SEC 10-Q, Oct 30 + 8-K, Oct 7

$GD Backlog headline is 220.339 billion dollars, up from 136.498 billion in Q2. The 10-Q split is less clean though, Marine Systems unfunded backlog jumped to 99.576 billion dollars from 22.826 billion, so most of that submarine surge is not funded yet. Funded backlog for the whole company is 111.796 billion dollars, and only about 30 percent of the total is expected to turn into revenue by year end 2027.

$GD Q3 '26 Earnings Results & Recap • Reported GAAP EPS of $4.49 up 15.72% YoY • Reported revenue of $14.57B up 12.85% YoY

$GD | General Dynamics Q3 2026 Earnings - Revenue: $14.57B (est $13.71B) - Operating Margin: 10.5% (est 10.4%) - EPS: $4.49 (est $4.13)

$GD reports tomorrow morning, and the backlog build in the filings is hard to square with a flat defense story. Total backlog was 88.657 billion dollars at the end of March 2025. It has risen in every filing since, to 136.498 billion dollars on July 5, 2026, with funded backlog at 104.111 billion dollars. Combat Systems did a lot of that work, going from 18.702 billion dollars last September to 29.350 billion dollars, while Marine Systems sits at 65.182 billion dollars.

General Dynamics shares could move 3.5% when the defense contractor reports earnings on October 30 before the market opens, according to Bloomberg options data. The stock has moved more than options implied in five of its last eight earnings announcements, highlighting the potential for larger-than-expected price swings around results. Historical data show mixed accuracy in options forecasts. On October 24, 2025, shares moved 6.1% versus an implied 2.3% move, while the July 23, 2025, report triggered a 5.3% gain compared with an expected 2.9%. In April 2025, the stock fell 4.1% against an implied 3.0% move, and in January 2025, shares dropped 7.4% versus an expected 3.2%. Earlier reports also produced notable differences. On April 29, 2022, shares moved 4.1% compared with an implied 3.7%, while the January 28, 2022, report resulted in a 0.7% decline despite an expected 3.8% move. In October 2024, shares rose 1.4%, below the implied 2.7% move. $GD

$GD upped some stops. ER soon and no shares just yet in the let it ride pile. I have more days before and if enough cushion.

$GD | BULLISH SETUP 🐂 ⭐ Setup Quality Grade: A- 📌 Grade Justification: • Profitability: Top 10th Percentile ($14.09B Q2 sales [+8.1% YoY], $4.24 EPS beat, $16.80–$16.90 raised FY26 EPS guide, $136.5B backlog). • Revenue Growth: Top 25th Percentile (Strong 1.4-to-1 book-to-bill driven by Marine & Aerospace Gulfstream demand). • Technical Setup: A- Grade Cleanliness (1W pullback holding key $325.00–$332.00 spot volume profile support shelf). • Wall St Target: +20%–40%+ Upside ($407.00–$465.00 consensus price targets). 🏢 Profile: Defense & aerospace titan ($106B+ market cap) building nuclear submarines, combat vehicles, and Gulfstream jets. 📉 Setup: 1W pullback holding primary volume profile support at $325.00–$332.00 spot! 🎯 Levels: • Bulls: Hold $322.00 & claim $345.00 ➡️ Targets: $365.00 / $390.00 / $420.00+ • Bears: Break under $312.00 support. 🛑 #GD #options #trading #hovdid