NYSE$GD
General Dynamics Corp · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported strong second-quarter with revenue up 18% and diluted EPS up 20.7% compared to the year-ago quarter.
General Dynamics reported a strong second quarter with revenue of $12 billion, an 18% increase from the previous year. Operating earnings rose by 20.2% to $1.2 billion, and diluted EPS increased by 20.7% to $3.26. The company saw growth across all key measures, driven by disciplined execution and increased demand in the defense sector.
- Revenue increased by 18% year-over-year to $12 billion.
- Operating earnings grew by 20.2% year-over-year to $1.2 billion.
- Diluted EPS increased by 20.7% year-over-year to $3.26.
- Operating margin expanded by 20 basis points to 9.7%.
Headline financials
Revenue & EPS history
General Dynamics · Revenue · Quarterly
$12B
Revenue by segment
General Dynamics · $10.6B total across 4 segments · Q3 2023
- Technologies$3.31B—31.3%
- Marine Systems$3B—28.4%
- Combat Systems$2.22B—21.0%
- Aerospace$2.03B—19.2%
Forward guidance
General Dynamics did not provide specific forward guidance in this report. The report focuses on the results of the second quarter of 2024.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+0.1%
Avg return
Earnings day
-0.4%
Avg return
5 days after
+1.1%
Avg return
30 days after
59%
43 / 73 earnings
Positive
+9.6%
Q1 2013
Best reaction
-9.1%
Q3 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.9% | +11.3% | +10.6% | |
| Q4 2025 | -1.7% | -5.5% | -2.6% | |
| Q3 2025 | +2.7% | +0.6% | -0.3% | |
| Q2 2025 | +1.1% | -0.1% | +3.9% | |
| Q1 2025 | -3.3% | -1.0% | -0.0% | |
| Q4 2024 | -4.2% | -2.3% | -3.8% | |
| Q3 2024 | -1.5% | -0.7% | -7.9% | |
| Q2 2024 | -1.2% | -1.7% | -1.0% | |
| Q1 2024 | -2.7% | -1.7% | +2.4% | |
| Q4 2023 | +6.6% | +6.2% | +9.8% | |
| Q3 2023 | +3.2% | +2.6% | +6.4% | |
| Q2 2023 | +0.8% | +2.6% | +2.6% | |
| Q1 2023 | -3.2% | -2.1% | -7.9% | |
| Q4 2022 | -3.1% | -3.1% | -1.5% | |
| Q3 2022 | +0.9% | +1.6% | +3.3% | |
| Q2 2022 | +2.8% | +3.9% | +6.9% | |
| Q1 2022 | +1.8% | -1.6% | -4.4% | |
| Q4 2021 | +1.4% | +3.0% | +10.7% | |
| Q3 2021 | -1.0% | -1.3% | -5.5% | |
| Q2 2021 | +2.1% | +0.9% | +2.9% | |
| Q1 2021 | +2.6% | +3.1% | +2.2% | |
| Q4 2020 | +0.1% | -1.8% | +8.7% | |
| Q3 2020 | -2.6% | +0.9% | +12.7% | |
| Q2 2020 | +0.2% | -0.6% | +2.5% | |
| Q1 2020 | -4.3% | -8.6% | +7.6% | |
| Q4 2019 | -1.3% | -3.8% | -13.0% | |
| Q3 2019 | -2.9% | -2.8% | +1.7% | |
| Q2 2019 | +0.9% | +2.1% | -1.3% | |
| Q1 2019 | -3.0% | -1.7% | -10.1% | |
| Q4 2018 | -2.7% | -0.8% | -3.8% | |
| Q3 2018 | -9.1% | -11.0% | -5.1% | |
| Q2 2018 | +1.9% | -0.2% | -2.1% | |
| Q1 2018 | -4.6% | -9.3% | -6.3% | |
| Q4 2017 | +9.2% | +8.7% | +6.5% | |
| Q3 2017 | -3.9% | -2.8% | -5.7% | |
| Q2 2017 | -4.8% | -3.6% | -2.2% | |
| Q1 2017 | +0.9% | -0.0% | +4.7% | |
| Q4 2016 | +2.9% | +2.1% | +7.0% | |
| Q3 2016 | -1.6% | -1.2% | +12.8% | |
| Q2 2016 | +1.8% | +3.2% | +4.9% | |
| Q1 2016 | +1.8% | — | — | |
| Q4 2015 | +1.0% | — | — | |
| Q3 2015 | +1.1% | — | — | |
| Q2 2015 | +4.2% | — | — | |
| Q1 2015 | +2.9% | — | — | |
| Q4 2014 | -2.0% | — | — | |
| Q3 2014 | +5.2% | — | — | |
| Q2 2014 | +2.5% | — | — | |
| Q1 2014 | +2.2% | — | — | |
| Q4 2013 | +6.6% | — | — | |
| Q3 2013 | -1.2% | — | — | |
| Q2 2013 | +2.1% | — | — | |
| Q1 2013 | +9.6% | — | — | |
| Q4 2012 | -0.1% | — | — | |
| Q3 2012 | +2.1% | — | — | |
| Q2 2012 | -0.8% | — | — | |
| Q1 2012 | +1.1% | — | — | |
| Q4 2011 | +1.0% | — | — | |
| Q3 2011 | -3.5% | — | — | |
| Q2 2011 | -4.4% | — | — | |
| Q1 2011 | -5.2% | — | — | |
| Q4 2010 | -1.4% | — | — | |
| Q3 2010 | +0.1% | — | — | |
| Q2 2010 | +0.7% | — | — | |
| Q1 2009 | -3.3% | — | — | |
| Q1 2010 | +0.4% | — | — | |
| Q4 2007 | +1.1% | — | — | |
| Q4 2009 | +1.1% | — | — | |
| Q3 2008 | +1.3% | — | — | |
| Q3 2009 | +1.3% | — | — | |
| Q2 2009 | +0.5% | — | — | |
| Q2 2008 | +0.5% | — | — | |
| Q4 2008 | +0.5% | — | — |
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