EarningsQ2 2026 Earnings Report
DE:CWT Q2 2026 EPS Results
Actual EPS€3.30
Consensus EPS€3.21
Beat/MissBeat by +€0.10
One Year Ago EPS€2.87
DE:CWT Q2 2026 Revenue Results
Actual Revenue€820.66M
Expected Revenue€822.58M
Beat/MissMissed by -€1.92M
YoY Revenue Growth+5.41%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
DE:CWT Upcoming Earnings
Curtiss-Wright's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:CWT Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial trajectory: revenue, operating income, EPS, free cash flow and backlog all improved and guidance was raised. Multiple segments reported robust orders and margin expansion, and management announced targeted investments (facility expansion, MIB funding) and strong commercial nuclear opportunities (AP1000). Near-term challenges are primarily timing‑related (lumpy Defense Electronics and Naval & Power revenues), elevated R&D and capex investments, and supply‑chain pressures that could introduce execution risk in the short term. On balance, the highlights substantially outweigh the lowlights, supporting confidence in sustained medium‑ to long‑term growth.Company Guidance
Revenue Growth
Second quarter sales of $924 million, up 5% year-over-year; first half sales growth ~9% year-to-date with full-year sales guidance raised to +8% to +9%.
Margin Expansion and EPS
Operating income increased 12% year-over-year, delivering 110 basis points of operating margin expansion (Q2 operating margin ~19.4%); diluted EPS grew 15% year-over-year and full-year diluted EPS guidance raised to $15.10–$15.40 (+14% to +16%).
Record and Improved Free Cash Flow
Generated $160 million of free cash flow in Q2, a 37% year-over-year improvement, with a cash conversion rate of 115%; full-year free cash flow guidance raised to $585–$605 million and expected conversion ~105%.
Strong Order Book and Book-to-Bill
New orders increased 8% in the quarter; orders are up 12% year-to-date versus sales up 9% YTD, producing an overall book-to-bill in excess of 1.2x and Q2 book-to-bill >1.1x, indicating robust backlog and demand visibility.
Defense Electronics — Orders Surge and Margins
Defense Electronics bookings grew nearly 50% year-over-year and are up >30% year-to-date; despite a Q2 sales decline, the segment delivered a 28% operating margin (up ~120 basis points YoY) reflecting favorable mix and cost containment.
Aerospace & Industrial (A&I) Strong Execution
A&I sales grew 12% in Q2; operating income and margin rose ~25% and 180 basis points respectively, driven by higher actuation/sensor sales, favorable absorption, mix, and restructuring savings.
Naval & Power Growth and Commercial Nuclear Momentum
Naval & Power sales up ~7% in Q2 with operating income growth of 12% (80 bps margin expansion); company highlighted strong commercial nuclear aftermarket demand, AP1000 build opportunity and expectation of an AP1000 order this year.
Raised Full‑Year Guidance and Segment-Level Outlook
Company raised full-year guidance: total sales +8%–9%, operating income +11%–13%, operating margin targeted 19.1%–19.3% (up 50–70 bps). Segment targets include Defense Electronics sales +4%–6% and margins ~27.5%–27.7%, Naval & Power sales +10%–11%.
Strategic Investments and Industrial Base Funding
Announced $80 million multi-year expansion of the Chesapeake facility to support naval and commercial nuclear demand; received ~ $95 million in maritime industrial base (MIB) funding to date, enhancing capacity and second‑source opportunities.
DE:CWT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed