General Dynamics (GD) reported second-quarter 2026 revenue of $14.1 billion, up 8.1% from a year earlier, and diluted EPS of $4.24, up 13.4%. Operating earnings were $1.5 billion, and operating margin was 10.4%.
The company reported $1.9 billion in cash from operating activities, equal to 162% of net earnings. Orders totaled $20 billion, and backlog at quarter-end was $136.5 billion.
- Revenue increased across all four segments in the quarter.
- Book-to-bill was 1.4-to-1 companywide, including 1.5-to-1 in Aerospace.
- General Dynamics paid $429 million in dividends and invested $234 million in capital expenditures during the quarter.
- The company ended the quarter with $7.5 billion in total debt and $4.3 billion in cash and equivalents.
- Total estimated contract value was $186.9 billion, including backlog and estimated potential contract value.
$GD Insider Trading Activity
$GD insiders have traded $GD stock on the open market 12 times in the past 6 months. Of those trades, 0 have been purchases and 12 have been sales.
Here’s a breakdown of recent trading of $GD stock by insiders over the last 6 months:
- MARK LAGRAND BURNS (Executive Vice President) has made 0 purchases and 5 sales selling 82,863 shares for an estimated $28,644,522.
- PHEBE N NOVAKOVIC (Chairman and CEO) has made 0 purchases and 2 sales selling 32,918 shares for an estimated $11,656,060.
- MARK MALCOLM has made 0 purchases and 2 sales selling 5,480 shares for an estimated $2,000,200.
- MARK RAYHA (Vice President) sold 4,370 shares for an estimated $1,524,194
- MARGUERITE AMY GILLILAND (Executive Vice President) sold 3,819 shares for an estimated $1,350,020
- GREGORY S GALLOPOULOS (Senior VP, Gen. Counsel, Sec.) sold 3,729 shares for an estimated $1,321,359
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$GD Hedge Fund Activity
We have seen 972 institutional investors add shares of $GD stock to their portfolio, and 893 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL RESEARCH GLOBAL INVESTORS removed 1,768,057 shares (-31.1%) from their portfolio in Q1 2026, for an estimated $606,832,523
- BLACKROCK, INC. added 876,094 shares (+4.9%) to their portfolio in Q1 2026, for an estimated $300,692,982
- HOLOCENE ADVISORS, LP removed 863,254 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $296,286,037
- MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. added 637,578 shares (+44.8%) to their portfolio in Q1 2026, for an estimated $218,829,521
- WELLINGTON MANAGEMENT GROUP LLP removed 631,947 shares (-63.7%) from their portfolio in Q1 2026, for an estimated $216,896,849
- ROYAL BANK OF CANADA removed 581,368 shares (-17.4%) from their portfolio in Q1 2026, for an estimated $199,537,124
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ removed 562,666 shares (-9.0%) from their portfolio in Q1 2026, for an estimated $193,118,224
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$GD Congressional Stock Trading
Members of Congress have traded $GD stock 6 times in the past 6 months. Of those trades, 4 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $GD stock by members of Congress over the last 6 months:
- REPRESENTATIVE DWIGHT EVANS sold up to $15,000 on 06/10.
- REPRESENTATIVE JARED MOSKOWITZ has traded it 3 times. They made 3 purchases worth up to $45,000 on 03/31, 03/23 and 0 sales.
- SENATOR ALAN ARMSTRONG purchased up to $15,000 on 03/27.
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. sold up to $15,000 on 02/10.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
