Q3 2026 Moog Inc Earnings Call Transcript

Jul 31, 2026 / 02:00 PM GMT

Release Date Price: $399.47

Transcript 10-Q8-K

Key Points

Positve

Moog Inc (MOG.A) delivered record third-quarter sales, up 15% year-over-year, with a 12-month backlog up 23%.
The company is experiencing a generational inflection in defense demand, particularly in missile actuation, space systems, and next-generation platforms.
Data center cooling pump revenue is expected to nearly quadruple to close to $100 million in fiscal 2026, with three production lines now running.
Adjusted operating margin expanded 280 basis points year-over-year, with underlying business performance up 80 basis points excluding one-time items.
The company generated strong free cash flow of $133 million in the quarter and raised its full-year guidance for sales, margins, EPS, and cash conversion.

Negative

The quarter's results were significantly boosted by a one-time $30 million tariff refund, which contributed 270 basis points of operating margin and about 70% of EPS, masking underlying trends.
The company faces execution risks in scaling capacity to meet surging demand, particularly for missile programs and data center cooling pumps.
The MV-75 program faces funding gaps, and while Moog Inc (MOG.A) has not seen a slowdown yet, there is uncertainty about future work if funding does not materialize.
The company's data center cooling business is heavily concentrated with one primary hyperscaler customer, creating customer concentration risk.
Capital expenditures were lighter than expected due to timing, which could delay future capacity expansion needed to support long-term growth.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MOGa.N - Moog Inc
Q3 2026 Moog Inc Earnings Call
Jul 31, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello everyone, thank you for joining us and welcome to the Moog Inc.

3rd quarter fiscal 2026 earnings conference call after today's prepared remarks, we will have a question-and-answer session.

If you would like to ask a question, please press 1 to raise your hand.

To withdraw your question, pressar 1 again.

I will now hand the conference over to Aaron Astrakhan, director of Investor relations.

Aaron, please go ahead.

Good morning and thank you for joining Moogs 3rd quarter 2026 earnings for this conference call.

I'm Aaron, director of investor relations.

With me today are Pat Roach, our Chief Executive Officer, and Jennifer Walter, our Chief Financial Officer.

Earlier

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