Moog : Quarterly Results Q2 (Moog FY26 Q2 Supplemental)

Published: 2026-04-24 09:48:44 ET MOG.A

Published on 04/24/2026 at 09:48 am EDT

moog

Second Quarter 2026 Earnings Supplemental

Achieved substantive progress against our long-term financial objectives and investor day goals

Second Quarter 2026 Highlights

Delivered an outstanding second quarter reflecting strong operational performance

Secured record total and twelve-month backlog, reinforcing strong demand across our end markets

Maturing 80/20 capabilities across the business

Simplifying global manufacturing and supply chain network, as part of focused factory initiative

Improving productivity and margins enhancement through structural changes

Financial Strength

People, Community and Planet

Maturing leadership development, workforce planning, and global talent initiatives

Expanding volunteer efforts globally to support communities, education, and wellbeing

Advancing sustainability initiatives, including rainwater harvesting projects

Second Quarter 2026 Operational Highlights

Customer Focus

Artemis II mission supported with critical technologies across launch, propulsion, and crew systems

"Supplier of the Year" awards received from Embraer and General Dynamics Land Systems

Investing in capacity and capability to deliver at higher production rates

Second Quarter 2026 Financial Headlines

Record

Adjusted Operating Margin*

Sales

Free Cash Flow*

Adjusted Earnings Per Share*

Outstanding quarter driven by sales growth, margin expansion, record adjusted earnings per share and strong free cash flow

* Non-GAAP measures, see Appendix for reconciliations

Second Quarter 2026 Sales

USD in millions

13%

$1,052

Sales Q2'26 Q2'25 Delta Comments

$934

Space and Defense $ 314 $ 270 16% Broad-based defense demand led by

space vehicles and missile controls

Military Aircraft 235 214 10% Higher activity on the MV-75 program

Commercial Aircraft 247 216 15% Higher volume and pricing on certain

major production programs

Industrial 256 234 9% Growing demand for data center cooling pumps and favorable foreign currency

Moog $ 1,052 $ 934 13%

Q2'25 Q2'26

Second Quarter 2026 Adjusted Operating Margin*

14.4%

Ex. Tariff

90bps

13.4%

12.5%

190bps

Adjusted Operating

Margins*

Q2'26

Q2'25

Delta

(bps)

Comments

Space and Defense 14.6% 12.6% 200 Profitable sales growth, partially offset by

investments for future growth

Military Aircraft 13.7% 12.0% 170 Profitable sales growth

Commercial Aircraft 11.9% 11.8% 10 Pricing benefits, partially offset by tariff

pressure

Industrial 13.2% 13.4% (20) Tariff pressure, partially offset by simplification efforts

Moog

13.4%

12.5%

Q2'25 Q2'26

* Non-GAAP measures, see Appendix for reconciliations

2026 Guidance as of Apr'26

Sales

Adjusted Operating Margin*

Adjusted Earnings Per Share*

Free Cash Flow Conversion*

Raised guidance for sales and adjusted earnings per share, and reaffirmed guidance for adjusted operating margin and free cash flow conversion

* Non-GAAP measures, see Non-GAAP Financial Measures disclosure on slide 2

** Midpoint of ±$0.20 range

Change in 2026 Guidance: Segment Sales & Margins

USD in millions

Sales

FY'26 (F)

As of Apr'26

FY'26 (F) Delta

As of Jan'26 ($)

Adjusted Operating Margins*

FY'26 (F)

As of Apr'26

FY'26 (F)

As of Jan'26

Delta

(bps)

Space and Defense

$1,300

$1,265

$35

Space and Defense

14.3%

13.9%

Military Aircraft

975

950

Military Aircraft

13.8%

Commercial Aircraft

1,030

1,050

(20)

Commercial Aircraft

11.3%

11.5%

(20)

Industrial

1,030

1,000

Industrial

14.3%

Moog

$4,335

$4,265

$70

Moog

13.4%

* Non-GAAP measures, see Non-GAAP Financial Measures disclosure on slide 2

Change in 2026 Guidance: Additional Information

USD in millions, except for EPS

FY'26 (F)

As of Apr'26

As of Jan'26

Total Sales

$4,335

$4,265

Adjusted Operating Profit*

$583

$571

Adjusted Operating Margin*

13.4%

Interest

$68

$70

Adjusted Effective Tax Rate*

25%

Adjusted EPS*,**

$10.60

$10.20

Depreciation and Amortization

$118

Adjusted EBITDA*

$638

$625

Free Cash Flow Conversion*

60%

* Non-GAAP measures, see Non-GAAP Financial Measures disclosure on slide 2

** Midpoint of ±$0.20 range

Raised FY'26 guidance based on outstanding second quarter and a stronger second-half performance

Continued momentum against our long-term financial objectives and investor day goals

Second Quarter 2026 Key Takeaways

Delivered outstanding results with strong sales growth and record earnings per share

Simplification and 80/20 actions drove productivity and margin expansion

Appendix

In millions, except for EPS and effective income tax rate

USD in millions

Disclaimer

MOOG Inc. published this content on April 24, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 24, 2026 at 13:47 UTC.