# GENERAL DYNAMICS CORPORATION (GD) FY2026 Q1 P&L / Income Statement - Company: GENERAL DYNAMICS CORPORATION (GD) - Period: 2026-01-01 to 2026-04-05 - Filing: Q1 FY2026 10-Q, filed 2026-04-29, accession number 0000040533-26-000012 - Page: https://plicit.ai/financials/gd/fy2026-q1-income-statement - Chart image: https://plicit.ai/charts/gd-fy2026-q1-income-statement-sankey.png ## Chart details: Revenue by Product and Service Income statement for 2026-01-01 through 2026-04-05. View: Product and service. Revenue and costs use their disclosed categories. - **Total revenue**: 13,481,000,000 US dollars - **Cost of revenue (calculated)**: 11,338,000,000 US dollars - **Gross profit (calculated)**: 2,143,000,000 US dollars - **Operating expenses (calculated)**: 723,000,000 US dollars - **Operating earnings**: 1,420,000,000 US dollars - **Other income (expense), net (calculated)**: negative 51,000,000 US dollars - **Earnings before income tax**: 1,369,000,000 US dollars - **Provision for income tax, net**: 244,000,000 US dollars - **Net earnings**: 1,125,000,000 US dollars - **Products revenue**: 8,285,000,000 US dollars - **Services revenue**: 5,196,000,000 US dollars - **Products cost of revenue**: 6,943,000,000 US dollars - **Services cost of revenue**: 4,395,000,000 US dollars - **General and administrative (G&A)**: 723,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/gd/fy2026-q1-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/gd-fy2026-q1-revenue-by-business-segment-sankey.png Income statement for 2026-01-01 through 2026-04-05. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenue**: 13,481,000,000 US dollars - **Cost of revenue (calculated)**: 11,338,000,000 US dollars - **Gross profit (calculated)**: 2,143,000,000 US dollars - **Operating expenses (calculated)**: 723,000,000 US dollars - **Operating earnings**: 1,420,000,000 US dollars - **Other income (expense), net (calculated)**: negative 51,000,000 US dollars - **Earnings before income tax**: 1,369,000,000 US dollars - **Provision for income tax, net**: 244,000,000 US dollars - **Net earnings**: 1,125,000,000 US dollars - **Aerospace**: 3,279,000,000 US dollars - **Marine Systems**: 4,343,000,000 US dollars - **Combat Systems**: 2,283,000,000 US dollars - **Technologies**: 3,576,000,000 US dollars - **Cost of sales**: 11,338,000,000 US dollars - **General and administrative (G&A)**: 723,000,000 US dollars - **Aerospace costs (calculated)**: 2,786,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Marine Systems costs (calculated)**: 4,027,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Combat Systems costs (calculated)**: 1,973,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Technologies costs (calculated)**: 3,237,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Reconciling items (calculated)**: 38,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Business Segment by Basis of Pricing - Page: https://plicit.ai/financials/gd/fy2026-q1-income-statement/revenue-by-business-segment-by-basis-of-pricing - Chart image: https://plicit.ai/charts/gd-fy2026-q1-revenue-by-business-segment-by-basis-of-pricing-sankey.png Income statement for 2026-01-01 through 2026-04-05. View: Segments by Contract with Customer, Basis of Pricing. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenue**: 13,481,000,000 US dollars - **Cost of revenue (calculated)**: 11,338,000,000 US dollars - **Gross profit (calculated)**: 2,143,000,000 US dollars - **Operating expenses (calculated)**: 723,000,000 US dollars - **Operating earnings**: 1,420,000,000 US dollars - **Other income (expense), net (calculated)**: negative 51,000,000 US dollars - **Earnings before income tax**: 1,369,000,000 US dollars - **Provision for income tax, net**: 244,000,000 US dollars - **Net earnings**: 1,125,000,000 US dollars - **Aerospace - Cost-reimbursement**: 0 US dollars - **Aerospace - Fixed-price**: 2,975,000,000 US dollars - **Aerospace - Time-and-materials**: 304,000,000 US dollars - **Combat Systems - Cost-reimbursement**: 311,000,000 US dollars - **Combat Systems - Fixed-price**: 1,946,000,000 US dollars - **Combat Systems - Time-and-materials**: 26,000,000 US dollars - **Marine Systems - Cost-reimbursement**: 2,366,000,000 US dollars - **Marine Systems - Fixed-price**: 1,976,000,000 US dollars - **Marine Systems - Time-and-materials**: 1,000,000 US dollars - **Technologies - Cost-reimbursement**: 1,516,000,000 US dollars - **Technologies - Fixed-price**: 1,410,000,000 US dollars - **Technologies - Time-and-materials**: 650,000,000 US dollars - **Cost of sales**: 11,338,000,000 US dollars - **General and administrative (G&A)**: 723,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Customer - Page: https://plicit.ai/financials/gd/fy2026-q1-income-statement/revenue-by-customer - Chart image: https://plicit.ai/charts/gd-fy2026-q1-revenue-by-customer-sankey.png Income statement for 2026-01-01 through 2026-04-05. View: Customer. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenue**: 13,481,000,000 US dollars - **Cost of revenue (calculated)**: 11,338,000,000 US dollars - **Gross profit (calculated)**: 2,143,000,000 US dollars - **Operating expenses (calculated)**: 723,000,000 US dollars - **Operating earnings**: 1,420,000,000 US dollars - **Other income (expense), net (calculated)**: negative 51,000,000 US dollars - **Earnings before income tax**: 1,369,000,000 US dollars - **Provision for income tax, net**: 244,000,000 US dollars - **Net earnings**: 1,125,000,000 US dollars - **Department of War (DoW)**: 7,626,000,000 US dollars - **Non-DoW**: 1,283,000,000 US dollars - **U.S. Government - Foreign Military Sales (FMS)**: 230,000,000 US dollars - **U.S. commercial**: 1,804,000,000 US dollars - **Non-U.S. government**: 1,253,000,000 US dollars - **Non-U.S. commercial**: 1,285,000,000 US dollars - **Cost of sales**: 11,338,000,000 US dollars - **General and administrative (G&A)**: 723,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Basis of Pricing - Page: https://plicit.ai/financials/gd/fy2026-q1-income-statement/revenue-by-basis-of-pricing - Chart image: https://plicit.ai/charts/gd-fy2026-q1-revenue-by-basis-of-pricing-sankey.png Income statement for 2026-01-01 through 2026-04-05. View: Contract with Customer, Basis of Pricing. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenue**: 13,481,000,000 US dollars - **Cost of revenue (calculated)**: 11,338,000,000 US dollars - **Gross profit (calculated)**: 2,143,000,000 US dollars - **Operating expenses (calculated)**: 723,000,000 US dollars - **Operating earnings**: 1,420,000,000 US dollars - **Other income (expense), net (calculated)**: negative 51,000,000 US dollars - **Earnings before income tax**: 1,369,000,000 US dollars - **Provision for income tax, net**: 244,000,000 US dollars - **Net earnings**: 1,125,000,000 US dollars - **Fixed-price**: 8,307,000,000 US dollars - **Cost-reimbursement**: 4,193,000,000 US dollars - **Time-and-materials**: 981,000,000 US dollars - **Cost of sales**: 11,338,000,000 US dollars - **General and administrative (G&A)**: 723,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Business Segment by Product and Service - Page: https://plicit.ai/financials/gd/fy2026-q1-income-statement/revenue-by-business-segment-by-product-and-service - Chart image: https://plicit.ai/charts/gd-fy2026-q1-revenue-by-business-segment-by-product-and-service-sankey.png Income statement for 2026-01-01 through 2026-04-05. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenue**: 13,481,000,000 US dollars - **Cost of revenue (calculated)**: 11,338,000,000 US dollars - **Gross profit (calculated)**: 2,143,000,000 US dollars - **Operating expenses (calculated)**: 723,000,000 US dollars - **Operating earnings**: 1,420,000,000 US dollars - **Other income (expense), net (calculated)**: negative 51,000,000 US dollars - **Earnings before income tax**: 1,369,000,000 US dollars - **Provision for income tax, net**: 244,000,000 US dollars - **Net earnings**: 1,125,000,000 US dollars - **Aerospace - Aircraft manufacturing**: 2,311,000,000 US dollars - **Aerospace - Aircraft services**: 968,000,000 US dollars - **Combat Systems - Engineering and other services**: 347,000,000 US dollars - **Combat Systems - Military vehicles**: 1,155,000,000 US dollars - **Combat Systems - Weapon systems and munitions**: 781,000,000 US dollars - **Marine Systems - Nuclear-powered submarines**: 3,272,000,000 US dollars - **Marine Systems - Repair and other services**: 301,000,000 US dollars - **Marine Systems - Surface ships**: 770,000,000 US dollars - **Technologies - C5ISR* solutions**: 1,193,000,000 US dollars - **Technologies - Information technology (IT) services**: 2,383,000,000 US dollars - **Cost of sales**: 11,338,000,000 US dollars - **General and administrative (G&A)**: 723,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.