Moog Inc. Reports 13% Revenue Growth to $1.052 Billion in Latest Quarter

Moog Inc. reported significant financial growth in its latest quarterly filing, with net sales reaching $1.052 billion for the three months ended March 28, 2026, a 13% increase from $934 million in the same period last year. For the first half of the fiscal year, the company generated $2.152 billion in revenue, up 17% from $1.842 billion in the prior year. The increase in sales was attributed to strong demand across all segments, particularly in Space and Defense, Military Aircraft, and Commercial Aircraft. Net earnings for the quarter were $81.8 million, a 50% increase compared to $54.6 million in the previous year, resulting in diluted earnings per share of $2.55, up from $1.71.

The company experienced a gross profit of $287.6 million for the quarter, with a gross margin of 27.3%, slightly down from 27.5% a year earlier. This decline was primarily due to increased tariffs affecting costs across all segments, particularly in Commercial Aircraft. Research and development expenses rose to $26.7 million, reflecting investments in growth programs, while selling, general, and administrative expenses as a percentage of sales decreased to 13.0%, down from 14.3% in the prior year, indicating improved operational efficiency.

Moog's operational metrics showed a twelve-month backlog of $3.31 billion as of March 28, 2026, a 33% increase from $2.49 billion a year prior. This growth was driven by higher orders in Military Aircraft and Commercial Aircraft segments, as well as broad-based demand in the Space and Defense markets. The company also reported an increase in its employee headcount, reflecting its ongoing expansion efforts. The total assets of Moog increased to $4.903 billion, up from $4.426 billion at the end of the previous fiscal year, supported by a rise in cash and cash equivalents to $307.6 million.

Strategically, Moog completed the acquisition of COTSWORKS, Inc. in July 2025, enhancing its capabilities in rugged optical components for harsh environments. The company also redeemed $500 million of its 4.25% senior notes in April 2026, using proceeds from the issuance of new senior notes, which reflects its proactive approach to managing debt. Looking ahead, Moog aims to continue its focus on organic growth while exploring strategic acquisitions that align with its business objectives. The company remains committed to enhancing shareholder value through dividends and share repurchase programs, with plans to maintain its quarterly dividend of $0.30 per share.

Overall, Moog Inc.'s financial performance in the latest quarter demonstrates a strong recovery and growth trajectory, driven by increased demand across its diverse market segments and strategic operational improvements. The company is well-positioned to capitalize on future opportunities in the aerospace, defense, and industrial sectors, while continuing to enhance its financial stability and shareholder returns.