MOG-B · Moog Inc.

Moog delivered outstanding second-quarter fiscal 2026 results, with net sales rising 13% to $1.052 billion, driven by broad-based strength across all four business segments: Space and Defense (+16%), Commercial Aircraft (+15%), Military Aircraft (+10%), and Industrial (+9%). Operating margin expanded 140 basis points to 13.1%, supported by profitable sales growth, pricing actions, and operational performance—though partially offset by tariff-related pressures. Segment-level margin improvements were notable: Space and Defense rose 170 bps to 13.8%, Military Aircraft gained 260 bps to 13.7%, and Industrial increased 130 bps to 12.9%; Commercial Aircraft edged up just 10 bps to 11.9%. Diluted EPS surged 49% to $2.55, while adjusted diluted EPS reached $2.64—both record highs—reflecting higher margins and sales, again partially tempered by tariffs. Management highlighted robust demand, strong execution, and progress toward long-term financial objectives, citing a record $3.3 billion twelve-month backlog (up 33% YoY) as evidence of sustained market strength. In response to the strong performance, Moog raised its full-year 2026 adjusted EPS guidance to $10.60 (from $10.20), while reaffirming its adjusted operating margin (13.4%) and free cash flow conversion (60%) targets. The company also declared a $0.30 quarterly dividend, representing approximately $10 million in cash outflow, reinforcing its commitment to capital return amid continued investment—including $32 million in capex during the quarter—to support future growth. CEO Pat Roche emphasized confidence in delivering for the remainder of the year, and CFO Jennifer Walter noted expectations for even stronger second-half performance.