# GENERAL DYNAMICS CORPORATION (GD) FY2026 Q2 P&L / Income Statement - Company: GENERAL DYNAMICS CORPORATION (GD) - Period: 2026-04-06 to 2026-07-05 - Filing: Q2 FY2026 10-Q, filed 2026-07-29, accession number 0000040533-26-000032 - Page: https://plicit.ai/financials/gd/fy2026-q2-income-statement - Chart image: https://plicit.ai/charts/gd-fy2026-q2-income-statement-sankey.png ## Chart details: Revenue by Product and Service Income statement for 2026-04-06 through 2026-07-05. View: Product and service. Revenue and costs use their disclosed categories. - **Total revenue**: 14,094,000,000 US dollars - **Cost of revenue (calculated)**: 11,911,000,000 US dollars - **Gross profit (calculated)**: 2,183,000,000 US dollars - **Operating expenses (calculated)**: 723,000,000 US dollars - **Operating earnings**: 1,460,000,000 US dollars - **Other income (expense), net (calculated)**: negative 53,000,000 US dollars - **Earnings before income tax**: 1,407,000,000 US dollars - **Provision for income tax, net**: 247,000,000 US dollars - **Net earnings**: 1,160,000,000 US dollars - **Products revenue**: 8,711,000,000 US dollars - **Services revenue**: 5,383,000,000 US dollars - **Products cost of revenue**: 7,337,000,000 US dollars - **Services cost of revenue**: 4,574,000,000 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-q2-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/gd-fy2026-q2-revenue-by-business-segment-sankey.png Income statement for 2026-04-06 through 2026-07-05. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenue**: 14,094,000,000 US dollars - **Cost of revenue (calculated)**: 11,911,000,000 US dollars - **Gross profit (calculated)**: 2,183,000,000 US dollars - **Operating expenses (calculated)**: 723,000,000 US dollars - **Operating earnings**: 1,460,000,000 US dollars - **Other income (expense), net (calculated)**: negative 53,000,000 US dollars - **Earnings before income tax**: 1,407,000,000 US dollars - **Provision for income tax, net**: 247,000,000 US dollars - **Net earnings**: 1,160,000,000 US dollars - **Aerospace**: 3,525,000,000 US dollars - **Marine Systems**: 4,660,000,000 US dollars - **Combat Systems**: 2,290,000,000 US dollars - **Technologies**: 3,619,000,000 US dollars - **Cost of sales**: 11,911,000,000 US dollars - **General and administrative (G&A)**: 723,000,000 US dollars - **Aerospace costs (calculated)**: 3,015,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Marine Systems costs (calculated)**: 4,318,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Combat Systems costs (calculated)**: 1,972,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Technologies costs (calculated)**: 3,280,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Reconciling items (calculated)**: 49,000,000 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-q2-income-statement/revenue-by-business-segment-by-basis-of-pricing - Chart image: https://plicit.ai/charts/gd-fy2026-q2-revenue-by-business-segment-by-basis-of-pricing-sankey.png Income statement for 2026-04-06 through 2026-07-05. View: Segments by Contract with Customer, Basis of Pricing. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenue**: 14,094,000,000 US dollars - **Cost of revenue (calculated)**: 11,911,000,000 US dollars - **Gross profit (calculated)**: 2,183,000,000 US dollars - **Operating expenses (calculated)**: 723,000,000 US dollars - **Operating earnings**: 1,460,000,000 US dollars - **Other income (expense), net (calculated)**: negative 53,000,000 US dollars - **Earnings before income tax**: 1,407,000,000 US dollars - **Provision for income tax, net**: 247,000,000 US dollars - **Net earnings**: 1,160,000,000 US dollars - **Aerospace - Cost-reimbursement**: 0 US dollars - **Aerospace - Fixed-price**: 3,198,000,000 US dollars - **Aerospace - Time-and-materials**: 327,000,000 US dollars - **Combat Systems - Cost-reimbursement**: 310,000,000 US dollars - **Combat Systems - Fixed-price**: 1,960,000,000 US dollars - **Combat Systems - Time-and-materials**: 20,000,000 US dollars - **Marine Systems - Cost-reimbursement**: 2,417,000,000 US dollars - **Marine Systems - Fixed-price**: 2,243,000,000 US dollars - **Marine Systems - Time-and-materials**: 0 US dollars - **Technologies - Cost-reimbursement**: 1,524,000,000 US dollars - **Technologies - Fixed-price**: 1,469,000,000 US dollars - **Technologies - Time-and-materials**: 626,000,000 US dollars - **Cost of sales**: 11,911,000,000 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-q2-income-statement/revenue-by-customer - Chart image: https://plicit.ai/charts/gd-fy2026-q2-revenue-by-customer-sankey.png Income statement for 2026-04-06 through 2026-07-05. View: Customer. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenue**: 14,094,000,000 US dollars - **Cost of revenue (calculated)**: 11,911,000,000 US dollars - **Gross profit (calculated)**: 2,183,000,000 US dollars - **Operating expenses (calculated)**: 723,000,000 US dollars - **Operating earnings**: 1,460,000,000 US dollars - **Other income (expense), net (calculated)**: negative 53,000,000 US dollars - **Earnings before income tax**: 1,407,000,000 US dollars - **Provision for income tax, net**: 247,000,000 US dollars - **Net earnings**: 1,160,000,000 US dollars - **Department of War (DoW)**: 8,026,000,000 US dollars - **Non-DoW**: 1,191,000,000 US dollars - **U.S. Government - Foreign Military Sales (FMS)**: 263,000,000 US dollars - **U.S. commercial**: 1,783,000,000 US dollars - **Non-U.S. government**: 1,181,000,000 US dollars - **Non-U.S. commercial**: 1,650,000,000 US dollars - **Cost of sales**: 11,911,000,000 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-q2-income-statement/revenue-by-basis-of-pricing - Chart image: https://plicit.ai/charts/gd-fy2026-q2-revenue-by-basis-of-pricing-sankey.png Income statement for 2026-04-06 through 2026-07-05. View: Contract with Customer, Basis of Pricing. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenue**: 14,094,000,000 US dollars - **Cost of revenue (calculated)**: 11,911,000,000 US dollars - **Gross profit (calculated)**: 2,183,000,000 US dollars - **Operating expenses (calculated)**: 723,000,000 US dollars - **Operating earnings**: 1,460,000,000 US dollars - **Other income (expense), net (calculated)**: negative 53,000,000 US dollars - **Earnings before income tax**: 1,407,000,000 US dollars - **Provision for income tax, net**: 247,000,000 US dollars - **Net earnings**: 1,160,000,000 US dollars - **Fixed-price**: 8,870,000,000 US dollars - **Cost-reimbursement**: 4,251,000,000 US dollars - **Time-and-materials**: 973,000,000 US dollars - **Cost of sales**: 11,911,000,000 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-q2-income-statement/revenue-by-business-segment-by-product-and-service - Chart image: https://plicit.ai/charts/gd-fy2026-q2-revenue-by-business-segment-by-product-and-service-sankey.png Income statement for 2026-04-06 through 2026-07-05. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenue**: 14,094,000,000 US dollars - **Cost of revenue (calculated)**: 11,911,000,000 US dollars - **Gross profit (calculated)**: 2,183,000,000 US dollars - **Operating expenses (calculated)**: 723,000,000 US dollars - **Operating earnings**: 1,460,000,000 US dollars - **Other income (expense), net (calculated)**: negative 53,000,000 US dollars - **Earnings before income tax**: 1,407,000,000 US dollars - **Provision for income tax, net**: 247,000,000 US dollars - **Net earnings**: 1,160,000,000 US dollars - **Aerospace - Aircraft manufacturing**: 2,467,000,000 US dollars - **Aerospace - Aircraft services**: 1,058,000,000 US dollars - **Combat Systems - Engineering and other services**: 337,000,000 US dollars - **Combat Systems - Military vehicles**: 1,148,000,000 US dollars - **Combat Systems - Weapon systems and munitions**: 805,000,000 US dollars - **Marine Systems - Nuclear-powered submarines**: 3,519,000,000 US dollars - **Marine Systems - Repair and other services**: 297,000,000 US dollars - **Marine Systems - Surface ships**: 844,000,000 US dollars - **Technologies - C5ISR* solutions**: 1,269,000,000 US dollars - **Technologies - Information technology (IT) services**: 2,350,000,000 US dollars - **Cost of sales**: 11,911,000,000 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.