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Moog’s $1.1 Billion Quarter: Can Defense Demand Drive The Next Growth Leg?

Moog Inc. reported its second quarter fiscal 2026 results, delivering double-digit revenue growth and achieving its second-highest quarterly revenue on record, with sales reaching $1.1 billion, up 13% year-over-year. The company demonstrated strength across all segments, including Space and Defense, Commercial Aircraft, Military Aircraft, and Industrial markets, with Space and Defense sales witnessing a 16% increase driven by strong missile control and space vehicle demand. The company also set records for both total backlog and 12-month backlog, the latter rising 33% compared to the prior year. Adjusted operating margin improved to 13.4%, a 90 basis point increase from the prior year despite headwinds from tariffs, and adjusted earnings per share exceeded guidance, reflecting operational efficiency and profitable sales growth. The company generated nearly $100 million in free cash flow for the quarter, bringing year-to-date free cash flow into positive territory ahead of projections.