New York, Jan 30, 2026, 14:56 EST — Regular session
Moog’s Class A shares surged 6.4% to $306.57 on Friday following the aerospace and defense supplier’s announcement of record quarterly sales and an upgraded full-year forecast. CEO Pat Roche described the results as an “outstanding start to fiscal 2026.” (SEC)
The results come as investors sift through the aerospace supply chain, hunting for companies with robust order books and the pricing power needed to keep margins intact amid shifting costs.
Moog supplies precision motion and fluid controls for military, space, and commercial aircraft programs, as well as industrial sectors. This diverse customer base can help offset downturns in one area, but it also highlights the importance of execution — fulfilling orders and converting profits into cash.
Moog reported $1.1 billion in sales and adjusted EPS of $2.63 for the quarter ended Jan. 3. Bookings hit $2.3 billion, pushing its 12-month backlog up 30% to a record $3.3 billion, the company said in its earnings presentation. (MarketScreener)
Sales jumped in every segment, with Space and Defense surging 31% to $324 million and Commercial Aircraft climbing 23% to $268 million. However, the Commercial Aircraft operating margin slipped to 10.6% due to tariff pressures. Still, the overall operating margin edged up 90 basis points to 12.3%. The company also raised its 2026 sales and adjusted EPS forecasts. Finance chief Jennifer Walter confirmed they are “increasing our 2026 guidance for sales and adjusted earnings per share,” while holding steady on margin and cash conversion targets.
Adjusted results leave out items the company classifies as non-recurring or outside normal operations. Traders often focus on these figures for a clearer view of the core business, even though they may not match standard accounting earnings.
Moog lifted its quarterly dividend to $0.30 per share, marking a 3% rise from the previous quarter, according to a filing with the U.S. Securities and Exchange Commission. The payout is set for Feb. 26 to shareholders on record as of Feb. 17. The company noted this will cost roughly $10 million in cash. (SEC)
There’s a snag. Moog’s free cash flow — the cash remaining after capital expenditures — turned negative this quarter as the company ramped up inventory and dealt with usual payment timing. It also pointed to tariffs weighing on margins in certain segments.
Investors are focused on whether Moog can turn its record backlog into shipments without taking another hit to its cash flow, and on how tariff costs might shift. The upcoming Feb. 17 dividend record date will be key, with the Feb. 26 payment providing a clear test of the company’s ability to return cash while pursuing growth.
