General Dynamics Corp's stock experienced a sharp pre-market decline of 5.62% on Wednesday, following the release of its fourth-quarter financial results and subsequent investor conference call.

While the defense contractor reported quarterly earnings and revenue that exceeded analyst expectations, driven by strength in its marine and combat systems segments, investor focus shifted to the company's outlook for 2026. During the conference call, management provided segment-specific revenue and margin guidance for the coming year, which appears to have fallen short of market expectations, leading to the sell-off in pre-market trading.