# GENERAL DYNAMICS CORPORATION (GD) FY2026 YTD Q2 P&L / Income Statement - Company: GENERAL DYNAMICS CORPORATION (GD) - Period: 2026-01-01 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-ytd-q2-income-statement - Chart image: https://plicit.ai/charts/gd-fy2026-ytd-q2-income-statement-sankey.png ## Chart details: Revenue by Product and Service Income statement for 2026-01-01 through 2026-07-05. View: Product and service. Revenue and costs use their disclosed categories. - **Total revenue**: 27,575,000,000 US dollars - **Cost of revenue (calculated)**: 23,249,000,000 US dollars - **Gross profit (calculated)**: 4,326,000,000 US dollars - **Operating expenses (calculated)**: 1,446,000,000 US dollars - **Operating earnings**: 2,880,000,000 US dollars - **Other income (expense), net (calculated)**: negative 104,000,000 US dollars - **Earnings before income tax**: 2,776,000,000 US dollars - **Provision for income tax, net**: 491,000,000 US dollars - **Net earnings**: 2,285,000,000 US dollars - **Products revenue**: 16,996,000,000 US dollars - **Services revenue**: 10,579,000,000 US dollars - **Products cost of revenue**: 14,280,000,000 US dollars - **Services cost of revenue**: 8,969,000,000 US dollars - **General and administrative (G&A)**: 1,446,000,000 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-ytd-q2-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/gd-fy2026-ytd-q2-revenue-by-business-segment-sankey.png Income statement for 2026-01-01 through 2026-07-05. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenue**: 27,575,000,000 US dollars - **Cost of revenue (calculated)**: 23,249,000,000 US dollars - **Gross profit (calculated)**: 4,326,000,000 US dollars - **Operating expenses (calculated)**: 1,446,000,000 US dollars - **Operating earnings**: 2,880,000,000 US dollars - **Other income (expense), net (calculated)**: negative 104,000,000 US dollars - **Earnings before income tax**: 2,776,000,000 US dollars - **Provision for income tax, net**: 491,000,000 US dollars - **Net earnings**: 2,285,000,000 US dollars - **Aerospace**: 6,804,000,000 US dollars - **Marine Systems**: 9,003,000,000 US dollars - **Combat Systems**: 4,573,000,000 US dollars - **Technologies**: 7,195,000,000 US dollars - **Cost of sales**: 23,249,000,000 US dollars - **General and administrative (G&A)**: 1,446,000,000 US dollars - **Aerospace costs (calculated)**: 5,801,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Marine Systems costs (calculated)**: 8,345,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Combat Systems costs (calculated)**: 3,945,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Technologies costs (calculated)**: 6,517,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Reconciling items (calculated)**: 87,000,000 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-ytd-q2-income-statement/revenue-by-business-segment-by-basis-of-pricing - Chart image: https://plicit.ai/charts/gd-fy2026-ytd-q2-revenue-by-business-segment-by-basis-of-pricing-sankey.png Income statement for 2026-01-01 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**: 27,575,000,000 US dollars - **Cost of revenue (calculated)**: 23,249,000,000 US dollars - **Gross profit (calculated)**: 4,326,000,000 US dollars - **Operating expenses (calculated)**: 1,446,000,000 US dollars - **Operating earnings**: 2,880,000,000 US dollars - **Other income (expense), net (calculated)**: negative 104,000,000 US dollars - **Earnings before income tax**: 2,776,000,000 US dollars - **Provision for income tax, net**: 491,000,000 US dollars - **Net earnings**: 2,285,000,000 US dollars - **Aerospace - Cost-reimbursement**: 0 US dollars - **Aerospace - Fixed-price**: 6,173,000,000 US dollars - **Aerospace - Time-and-materials**: 631,000,000 US dollars - **Combat Systems - Cost-reimbursement**: 621,000,000 US dollars - **Combat Systems - Fixed-price**: 3,906,000,000 US dollars - **Combat Systems - Time-and-materials**: 46,000,000 US dollars - **Marine Systems - Cost-reimbursement**: 4,783,000,000 US dollars - **Marine Systems - Fixed-price**: 4,219,000,000 US dollars - **Marine Systems - Time-and-materials**: 1,000,000 US dollars - **Technologies - Cost-reimbursement**: 3,040,000,000 US dollars - **Technologies - Fixed-price**: 2,879,000,000 US dollars - **Technologies - Time-and-materials**: 1,276,000,000 US dollars - **Cost of sales**: 23,249,000,000 US dollars - **General and administrative (G&A)**: 1,446,000,000 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-ytd-q2-income-statement/revenue-by-customer - Chart image: https://plicit.ai/charts/gd-fy2026-ytd-q2-revenue-by-customer-sankey.png Income statement for 2026-01-01 through 2026-07-05. View: Customer. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenue**: 27,575,000,000 US dollars - **Cost of revenue (calculated)**: 23,249,000,000 US dollars - **Gross profit (calculated)**: 4,326,000,000 US dollars - **Operating expenses (calculated)**: 1,446,000,000 US dollars - **Operating earnings**: 2,880,000,000 US dollars - **Other income (expense), net (calculated)**: negative 104,000,000 US dollars - **Earnings before income tax**: 2,776,000,000 US dollars - **Provision for income tax, net**: 491,000,000 US dollars - **Net earnings**: 2,285,000,000 US dollars - **Department of War (DoW)**: 15,652,000,000 US dollars - **Non-DoW**: 2,474,000,000 US dollars - **U.S. Government - Foreign Military Sales (FMS)**: 493,000,000 US dollars - **U.S. commercial**: 3,587,000,000 US dollars - **Non-U.S. government**: 2,434,000,000 US dollars - **Non-U.S. commercial**: 2,935,000,000 US dollars - **Cost of sales**: 23,249,000,000 US dollars - **General and administrative (G&A)**: 1,446,000,000 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-ytd-q2-income-statement/revenue-by-basis-of-pricing - Chart image: https://plicit.ai/charts/gd-fy2026-ytd-q2-revenue-by-basis-of-pricing-sankey.png Income statement for 2026-01-01 through 2026-07-05. View: Contract with Customer, Basis of Pricing. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenue**: 27,575,000,000 US dollars - **Cost of revenue (calculated)**: 23,249,000,000 US dollars - **Gross profit (calculated)**: 4,326,000,000 US dollars - **Operating expenses (calculated)**: 1,446,000,000 US dollars - **Operating earnings**: 2,880,000,000 US dollars - **Other income (expense), net (calculated)**: negative 104,000,000 US dollars - **Earnings before income tax**: 2,776,000,000 US dollars - **Provision for income tax, net**: 491,000,000 US dollars - **Net earnings**: 2,285,000,000 US dollars - **Fixed-price**: 17,177,000,000 US dollars - **Cost-reimbursement**: 8,444,000,000 US dollars - **Time-and-materials**: 1,954,000,000 US dollars - **Cost of sales**: 23,249,000,000 US dollars - **General and administrative (G&A)**: 1,446,000,000 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-ytd-q2-income-statement/revenue-by-business-segment-by-product-and-service - Chart image: https://plicit.ai/charts/gd-fy2026-ytd-q2-revenue-by-business-segment-by-product-and-service-sankey.png Income statement for 2026-01-01 through 2026-07-05. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenue**: 27,575,000,000 US dollars - **Cost of revenue (calculated)**: 23,249,000,000 US dollars - **Gross profit (calculated)**: 4,326,000,000 US dollars - **Operating expenses (calculated)**: 1,446,000,000 US dollars - **Operating earnings**: 2,880,000,000 US dollars - **Other income (expense), net (calculated)**: negative 104,000,000 US dollars - **Earnings before income tax**: 2,776,000,000 US dollars - **Provision for income tax, net**: 491,000,000 US dollars - **Net earnings**: 2,285,000,000 US dollars - **Aerospace - Aircraft manufacturing**: 4,778,000,000 US dollars - **Aerospace - Aircraft services**: 2,026,000,000 US dollars - **Combat Systems - Engineering and other services**: 684,000,000 US dollars - **Combat Systems - Military vehicles**: 2,303,000,000 US dollars - **Combat Systems - Weapon systems and munitions**: 1,586,000,000 US dollars - **Marine Systems - Nuclear-powered submarines**: 6,791,000,000 US dollars - **Marine Systems - Repair and other services**: 598,000,000 US dollars - **Marine Systems - Surface ships**: 1,614,000,000 US dollars - **Technologies - C5ISR* solutions**: 2,462,000,000 US dollars - **Technologies - Information technology (IT) services**: 4,733,000,000 US dollars - **Cost of sales**: 23,249,000,000 US dollars - **General and administrative (G&A)**: 1,446,000,000 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.