Moog Q3 sales beat on growth across segments, lifts FY outlook
Full-year outlook raised
Moog raised its FY 2026 net sales guidance to $4.4 bln from $4.3 bln. The company now sees FY 2026 adjusted operating margin at 14.1%, up from 13.4%, and expects FY 2026 adjusted diluted EPS of $11.65, previously $10.60.
Analyst coverage and valuation
The current average analyst rating on the shares is "buy," with 4 "strong buy" or "buy," 1 "hold," and no "sell" or "strong sell." The average consensus recommendation for the aerospace & defense peer group is "buy."
Wall Street's median 12-month price target for Moog Inc is $377.50, about 10% below its July 30 closing price of $419.25. The stock recently traded at 37 times the next 12-month earnings versus a P/E of 27 three months ago.
Quarterly results beat expectations
Moog said fiscal third-quarter sales rose 15%, beating analyst expectations. Adjusted diluted EPS for fiscal Q3 rose 60%, also above estimates.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q3 Sales | Beat | $1.12 bln | $1.08 bln (4 Analysts) |
| Q3 Adjusted EPS | Beat | $3.72 | $2.66 (5 Analysts) |
| Q3 EPS | $4.74 |
Growth across segments and margin drivers
The company said record sales reflected significant growth across all four segments, with Space and Defense, Commercial Aircraft, and Industrial divisions each posting double-digit percentage increases.
Operating and adjusted margins benefited from $30 mln in claims related to previously incurred IEEPA tariffs. Military Aircraft and Commercial Aircraft sales were driven by strong aftermarket activity and continued program demand, including the MV-75 program.
