On July 30, General Dynamics Corp rose 3.16% in after-hours trading, trading at $392.6/share, with turnover of $20.9954 million. The surge was driven by the company's strong Q2 earnings release and upward revision of full-year guidance.

General Dynamics reported Q2 EPS of $4.24, beating the analyst consensus estimate of $3.96 by 7.07% and representing a 13.37% increase from $3.74 a year earlier. Revenue came in at $14.09 billion, surpassing the expected $13.535 billion and growing 8.1% year-over-year. Aerospace and marine systems segments delivered robust growth, with the order backlog reaching $136.5 billion. Management raised full-year EPS guidance to $16.80-$16.90, above the market expectation of $16.72, citing upside potential in large-cabin aircraft deliveries and projecting aerospace segment operating margins of 14.7% and combat systems revenue of approximately $9.8 billion.

Following the results, Vertical Research raised its price target on the stock to $450 from $405, while the company maintains an average overweight rating with a mean target of $400.75 among analysts.

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