Moog Inc. Reports 15% Revenue Growth to $1.12 Billion in Latest Quarter

Moog Inc. reported significant financial growth in its latest quarterly filing, with net sales reaching $1.12 billion for the three months ended June 27, 2026, a 15% increase from $970 million in the same period last year. For the nine months, sales totaled $3.27 billion, up 16% from $2.81 billion in the prior year. The company's gross profit also saw a substantial rise, reaching $347.25 million in the third quarter, compared to $266.83 million a year earlier, reflecting a gross margin improvement from 27.5% to 31.1%. Net earnings for the quarter surged to $152.03 million, or $4.74 per diluted share, compared to $58.49 million, or $1.83 per diluted share, in the previous year.

The company attributed its strong performance to increased demand across all segments, particularly in Space and Defense, Military Aircraft, and Commercial Aircraft. The effective tax rate for the quarter was notably lower at -10.6%, down from 23.4% in the prior year, primarily due to the recognition of additional U.S. research and development tax credits. Moog's twelve-month backlog also increased to $3.25 billion, up from $2.65 billion, driven by higher orders in both the Commercial Aircraft and Military Aircraft sectors.

Strategically, Moog completed the acquisition of COTSWORKS, Inc. in July 2025, enhancing its capabilities in rugged optical components for harsh environments. The company has also focused on operational improvements, including productivity-enhancing technologies and talent development, to strengthen its market position. As of June 27, 2026, Moog's employee headcount stood at approximately 31,676, reflecting a slight increase from the previous year.

Operationally, Moog reported a significant increase in cash flow from operating activities, which rose to $245 million for the first nine months of 2026, compared to $32 million in the same period last year. This improvement was driven by higher net earnings and increased customer advances. The company also reported a decrease in capital expenditures to $94 million from $103 million in the prior year, indicating a more efficient allocation of resources.

Looking ahead, Moog remains optimistic about its growth trajectory, emphasizing its commitment to investing in organic growth and pursuing strategic acquisitions that align with its business objectives. The company plans to continue leveraging its engineering expertise and customer relationships to drive innovation and expand its market share in the aerospace, defense, industrial, and medical sectors.