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Get filing alertsMoog reports record Q3 sales of $1.1B, raises FY guidance on tariff refund and tax benefits
Filed July 31, 2026 · Period ending July 31, 2026 · ~1 min read
Key Changes
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high
Q3 net sales rose 15% to $1.117B with adjusted EPS up 60% to $3.72; operating margin expanded 430 bps to 15.8% driven by $30M tariff refund claims and strong segment performance.
Exhibit 99.1 view on EDGAR → -
high
Recognized $43M in one-time tax benefits ($35M prior-year R&D credits, $8M entity simplification), reducing Q3 effective tax rate to negative 10.6% from 23.4% prior year.
Exhibit 99.1 view on EDGAR → -
high
Raised FY 2026 guidance: sales to $4.4B (from $4.3B), adjusted operating margin to 14.1% (from 13.4%), adjusted EPS to $11.65 (from $10.60), free cash flow conversion to 70% (from 60%).
Exhibit 99.1 view on EDGAR → -
medium
Twelve-month backlog grew 23% to $3.3B, reflecting continued demand across defense, aerospace, and industrial markets.
Exhibit 99.1 view on EDGAR → -
medium
Board declared quarterly dividend of $0.30 per share on Class A and Class B common stock, payable August 25, 2026 to shareholders of record August 14, 2026.
Item 8.01 verify on EDGAR →
Summary
Moog delivered a strong third quarter with record sales of $1.117 billion and adjusted earnings per share of $3.72, both well ahead of prior-year results. The headline operating margin expansion of 430 basis points to 15.8% was driven by a $30 million one-time benefit from tariff refund claims related to previously incurred IEEPA tariffs, which contributed 270 basis points to adjusted operating margin.
The company also recognized $43 million in discrete tax benefits during the quarter—$35 million from prior-year federal R&D tax credits and $8 million from legal-entity simplification—pushing the effective tax rate to negative 10.6%. These one-time items are excluded from adjusted metrics but significantly boosted reported earnings.
Management raised full-year fiscal 2026 guidance across all key metrics, citing the tariff refund, current-year R&D tax credit, and strong operational performance. The 23% backlog growth to $3.3 billion provides visibility into future revenue and supports the improved outlook. Retail holders should note that the tariff refund and prior-year tax credits are non-recurring; the sustainability of margin expansion will depend on underlying business performance in coming quarters. The $0.30 quarterly dividend continues the company's capital return to shareholders.
Section-by-Section Diff
Event · Exhibit 99.1
Moog Inc. reported record Q3 2026 sales of $1.1B and adjusted EPS of $3.72, raised full-year guidance, and disclosed $43M in one-time tax benefits.
Added in current filing · view on EDGAR →
Net sales $ 1,117 $ 970 15%
Operating margin 15.8 % 11.5 % 430 bps
Adjusted operating margin(1) 16.4 % 13.6 % 280 bps
Net earnings $ 152 $ 58 160%
Adjusted net earnings(1) $ 119 $ 74 61%
Diluted net earnings per share $ 4.74 $ 1.83 159%
Adjusted diluted net earnings per share(1) $ 3.72 $ 2.33 60%
Moog reported record third-quarter fiscal 2026 results with net sales of $1,117 million (up 15% year-over-year), diluted EPS of $4.74 (up 159%), and adjusted diluted EPS of $3.72 (up 60%). Operating margin expanded 430 basis points to 15.8%, driven by $30 million in tariff refund claims, strong business performance across all four segments, and the absence of prior-year charges. Adjusted operating margin increased 280 basis points to 16.4%.
Added in current filing · view on EDGAR →
Operating margin ... benefitted from $30 million of claims related to previously incurred International Emergency Economic Powers Act ("IEEPA") tariffs and the absence of the prior year's program termination and asset impairment charges. ... Adjusted operating margin increased due to the claims of previously incurred IEEPA tariffs, which accounted for 270 basis points of incremental margin, and business performance, partially offset by last year's benefit from a non-core product line sale.
The company recognized $30 million in claims related to previously incurred IEEPA tariffs, contributing 270 basis points to adjusted operating margin expansion. This one-time benefit significantly boosted third-quarter profitability, particularly in the Industrial segment (which saw operating margin increase 770 basis points to 17.4%) and Military Aircraft segment.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 3, 2026 · How we verify