General Dynamics stock falls 0.79 percent below its yearly high

Published on 10/04/2026 at 14:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

General Dynamics stock delivered Q2 2026 revenue of USD 14.09 billion, up 8.1 percent year over year. EPS of USD 4.24 exceeded consensus by USD 0.28.

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General Dynamics (US3695501086) stock last traded at USD 330.09 on the NYSE on October 2, 2026 at 4:00 p.m. ET, down 0.79 percent from the previous close. The price was 17.48 percent below its 52-week high of USD 400.00, putting the recent pullback alongside a still elevated long-term defense backlog.

Contracts meet a softer quote

Investing.com listed two U.S. defense contracts totaling USD 121.2 million among General Dynamics news dated September 29, 2026. The contract flow provides an operational counterweight to the share price, which fell USD 2.63 in the October 2 session.

Quarterly figures beat estimates

For Q2 2026, General Dynamics generated USD 14.09 billion in revenue, an 8.1 percent year-over-year increase, according to MarketBeat. Diluted EPS reached USD 4.24 versus consensus of USD 3.96, a USD 0.28 beat, while fiscal 2026 EPS guidance stood at USD 16.80-16.90.

The comparison matters because the quarterly revenue increase was accompanied by an earnings beat rather than revenue growth alone. General Dynamics therefore enters the October 28, 2026 earnings date with a stronger recent operating record than the October 2 price action suggests.

Analysts see more upside

On September 23, 2026, Bernstein cut its General Dynamics price target from USD 421.00 to USD 407.00 while retaining a Market Perform rating, as reported by MarketScreener. The reduction contrasts with the broader consensus, which the same MarketScreener page showed as OUTPERFORM from 24 analysts with an average target of USD 421.64. That target lies 27.73 percent above the October 2 price.

Stock sits below yearly high

General Dynamics had a market capitalization of USD 89.3 billion and volume of 1,412,633 shares on October 2, 2026. Its 52-week range was USD 306.77 to USD 400.00, leaving the next earnings report and the delivery of existing defense programs as key reference points for the stock.