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Moog reported Q3 FY2026 revenue of $1.1 billion, up from $969.6 million a year earlier and 3.75% above consensus. Adjusted earnings per share were $3.72, above the consensus estimate of $2.67.
The company reported diluted earnings per share of $4.74, compared with $1.87 a year earlier. Moog’s filing attributed a lower effective tax rate in part to adjustments to domestic research and development tax credits.
Sales rose across all segments, according to the filing. Moog attributed Space and Defense growth to defense demand, including demand for space vehicles and missile controls. Commercial aircraft sales benefited from higher production volumes and pricing on certain programs, as well as repair activity; military aircraft sales also grew, helped by repairs and new contract awards.
Gross margin rose to 31.1% from 27.5%, while operating margin increased to 14.4% from 10.6%. Moog attributed the gross margin increase to IEEPA tariff refund claims across its segments and business performance. Free cash flow rose to $132.6 million from $79.1 million.
| Q3 FY2026 | Q3 FY2025 | Change | |
|---|---|---|---|
| Revenue | $1.1 billion | $969.6 million | 15.2% |
| Diluted EPS | $4.74 | $1.87 | 153.5% |
| Gross margin | 31.1% | 27.5% | 3.6 percentage points |
| Operating margin | 14.4% | 10.6% | 3.9 percentage points |
| Free cash flow | $132.6 million | $79.1 million | 67.5% |
| Against the consensus | Reported | Consensus | Result |
|---|---|---|---|
| Adjusted EPS | $3.72 | $2.67 | Beat by 39.3% |
| Revenue | $1.1 billion | $1.1 billion | Beat by 3.75% |
Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.
What management said on the call
Moog’s latest earnings call was not available, so its call commentary cannot be reported.
Guidance
Moog’s management guidance was not available for this period. Its current outlook therefore cannot be compared with a previous guide, and changes to or discontinued elements of guidance cannot be identified.