EarningsQ3 2026 Earnings Report
DE:MO7A Q3 2026 EPS Results
Actual EPS€3.32
Consensus EPS€2.37
Beat/MissBeat by +€0.95
One Year Ago EPS€2.11
DE:MO7A Q3 2026 Revenue Results
Actual Revenue€996.20M
Expected Revenue€962.61M
Beat/MissBeat by +€33.59M
YoY Revenue Growth+14.95%
Earnings Announcement Details
QuarterQ3 2026
Date07/31/2026
TimeBefore Open
Conference CallFriday, July 31, 2026
DE:MO7A Upcoming Earnings
Moog's next earnings date is estimated for October 30, 2026, based on past reporting schedules.
Q3 2026 Earnings Call Audio
DE:MO7A Q3 2026 Earnings Call
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Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum: record quarter revenue (+15% YoY), double‑digit segment growth, margin expansion (16.4%, +280 bps), 60% EPS growth, robust free cash flow ($133M) and upgraded FY26 guidance. Much of the quarter’s outperformance was aided by one‑time items (tariff refund, R&D tax credit), and management highlighted execution and scaling risks — particularly capacity, workforce and customer concentration in the fast‑growing data center business. On balance, recurring business trends (broad segment growth, defense/missile and data center demand) and improved cash/leverage position outweigh the transitory benefits and operational scaling risks.Company Guidance
Record Revenue and Backlog Growth
Third-quarter sales of $1.1 billion, up 15% year‑over‑year; 12‑month backlog increased 23% year‑over‑year, signaling strong near‑term demand visibility.
Segment Revenue Strength
Space & Defense sales $336M (+17% YoY); Military Aircraft $245M (+9% YoY); Commercial Aircraft $254M (+17% YoY); Industrial $282M (+18% YoY). All four segments grew, three in the high‑teens and one in the high‑single digits.
Expanded Adjusted Operating Margin
Adjusted operating margin of 16.4%, up 280 basis points year‑over‑year (underlying business ex‑tariff up ~80 bps), with segment margins: Space & Defense 15.7% (+150 bps), Military 14.7% (+290 bps), Commercial 15.2% (+50 bps), Industrial 19.9% (material improvement).
Adjusted Earnings Per Share Growth and Upgraded FY26 EPS Guidance
Adjusted EPS of $3.72 in Q3, up 60% YoY. FY26 adjusted EPS guidance increased by $1.51 to $11.65 ± $0.10, reflecting tariff refunds, R&D tax credit updates and higher sales expectations.
Strong Free Cash Flow and Deleveraging
Generated free cash flow of $133M in the quarter; leverage ratio improved to 1.5x. FY26 free cash flow conversion guidance raised to ~70% with lower near‑term capital spending.
Tariff Refund and Tax Credit Benefits Recognized
Recognized a $30M tariff refund this quarter that contributed ~270 basis points to operating margin and about $0.70 to EPS. Also recorded a $35M prior‑years R&D tax credit benefit (and an $8M one‑time tax benefit) that materially improved adjusted results.
Rapid Data Center Cooling Ramp
Data center cooling pump revenue grew from roughly $25M (FY25) to close to $100M in FY26 (~4x increase). Production scaled to three lines (Murphy NC doubled, added Bangalore line) with ~1,300 pumps/week capacity and further product roadmap (in‑row CDU) qualifying for FY27 production.
Defense Demand and Missile Opportunity
Company cites a generational increase in defense spending in the U.S. and Europe; missile-related revenue expected around $275M in FY26 (over 20% YoY) with additional upside from multi‑year prime contracts not yet flowed into backlog.
Operational Execution and Simplification Progress
Simplification efforts (eightytwenty) and site/process optimizations driving improved operational performance, margin expansion, and increased readiness for scaling production across key programs.
DE:MO7A 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