Moog delivered a second consecutive beat-and-raise quarter with accelerating growth across all four segments. The raised FY2026 guidance for all key metrics (sales, margin, EPS, cash conversion) signals strong momentum and management confidence. Traders should expect a significant positive reaction and watch for continued defense and data-center cooling demand tailwinds.
Price Chart
Executive Summary
Moog Inc. reported record Q3 2026 results, with net sales of $1.117B (+15% YoY) and adjusted diluted EPS of $3.72, a 60% YoY increase that beat consensus estimates by ~40%. The company raised its full-year guidance across all key metrics, including adjusted EPS to $11.65 and net sales to $4.4B, driven by strong operational performance, tariff refund claims, and tax benefits. The Board also declared a $0.30/share quarterly dividend. This is a clear, material positive event with accelerating fundamentals and raised guidance, building on a strong Q2 beat.
Key Financial Metrics
Key Facts
- Record Q3 2026 net sales of $1.117B, up 15% YoY from $970M.
- Adjusted diluted EPS of $3.72, up 60% YoY from $2.33, beating consensus of $2.66 by 39.9%.
- GAAP diluted EPS of $4.74, up 159% YoY from $1.83, benefiting from $30M in IEEPA tariff refund claims and $43M in one-time tax benefits.
- Operating margin expanded 430 bps to 15.8% (GAAP) and 280 bps to 16.4% (adjusted).
- Free cash flow was $133M, up from $93M in Q3 2025.
- Twelve-month backlog increased 23% to $3.3 billion.
- Full-year FY2026 guidance raised: net sales to $4.4B (from $4.3B), adjusted operating margin to 14.1% (from 13.4%), adjusted diluted EPS to $11.65 (from $10.60), and free cash flow conversion to 70% (from 60%).
- Quarterly dividend of $0.30 per share declared, payable August 25, 2026.
Financial Impact
Record quarterly results with 15% revenue growth and 60% adjusted EPS growth; full-year guidance raised by ~10% on EPS and ~2% on revenue.
Risk Factors
- Tariff refund claims ($30M) and one-time tax benefits ($43M) boosted reported results and may not recur.
- Supply chain constraints and inflationary pressures on raw materials remain risk factors.
- Heavy dependence on government contracts that could be delayed or terminated.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-051250 |
| Exhibit: ex992-73126.htm | 0001628280-26-051250 |
| Document: mog-20260731.htm | 0001628280-26-051250 |
| Document: 0001628280-26-051250-index-headers.html | 0001628280-26-051250 |
| Document: 0001628280-26-051250-index.html | 0001628280-26-051250 |
| Document: 0001628280-26-051250.txt | 0001628280-26-051250 |
| 8-K Data (Synthetic) | 0001628280-26-051250 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 31, 2026 12w ago | 8-K | $389.85 $358.77 | ▼ −7.97% | ▼ −10.68% | $358.27 (−8.10%) |
Jul 6, 2026 16w ago | 8-K | $424.46 $390.39 | ▼ −8.03% | ▼ −10.19% | $358.27 (−15.59%) |
US Market Status
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