Moog Inc. Q1 Revenue Rises 21% to $1.1B; EPS Beats by 17.5%

MOG-BMOG-B

Moog Inc. posted record Q1 2026 net sales of $1.1B (up 21% y/y) and adjusted EPS of $2.63, a 17.5% surprise to estimates. It raised full-year guidance to $4.3B in revenue and $10.20 adjusted EPS, and boosted its quarterly dividend by 3% to $0.30.

1. Q1 Earnings and Revenue Outperformance by MOG-B

On January 30, 2026, Moog Inc. Class B common stock (MOG-B) reported adjusted diluted earnings per share of $2.63 for the fiscal first quarter, exceeding the Zacks Consensus Estimate of $2.24 by 17.54% and surpassing the comparable quarter last year by 47.8% (from $1.78). Quarterly revenue totaled $1.10 billion for MOG-B, an 11.13% beat over the consensus estimate of $987.3 million and a 20.7% year-over-year increase from $910.32 million in Q1 2025. This marked the fourth consecutive quarter in which MOG-B outpaced consensus EPS forecasts and continued its streak of revenue surprises, underscoring Moog’s robust demand in aerospace, defense and industrial end markets.

2. Strong Balance Sheet and Valuation Metrics for MOG-B

At the end of December 2025, Moog’s Class B shares trade at a price-to-earnings ratio of approximately 40.10 and a price-to-sales ratio of 2.42, reflecting investor confidence in long-term growth. The enterprise value to sales ratio stands near 2.44, while a conservative debt-to-equity ratio of 0.08 highlights minimal leverage. Liquidity remains solid, with a current ratio of roughly 2.12. These metrics indicate that MOG-B is well-positioned to fund continued R&D investments and capital expenditures without reliance on significant additional debt.

3. Dividend Increase Declared for MOG-B

The Board of Directors declared a quarterly cash dividend of $0.30 per share on Class B common stock, a 3% increase over the prior quarter’s payout. The dividend will be paid on February 26, 2026, to shareholders of record as of the close of business on February 17, 2026, representing a total cash commitment of approximately $10 million. This marks the fifth consecutive annual dividend increase and reflects Moog’s commitment to returning capital to MOG-B holders while maintaining investment capacity for growth initiatives.

4. First Quarter 2026 Segment Highlights and Guidance for MOG-B

Moog’s Class B shareholders benefited from record sales across all segments in Q1 2026: Space & Defense up 31% to $324 million, Commercial Aircraft up 23% to $268 million, Military Aircraft up 16% to $247 million and Industrial up 14% to $261 million. Adjusted operating margin rose 90 basis points to 13.0%, driven by higher sales and operational efficiencies, despite tariff headwinds. Bookings surged to $2.3 billion, lifting the twelve-month backlog by 30% to $3.3 billion. Management raised full‐year guidance for net sales to $4.3 billion and adjusted diluted EPS to $10.20, while affirming a 13.4% adjusted operating margin target and a 60% free cash flow conversion rate.

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