Filing Flows › Moog (MOG-A) › Q2 FY26 › vs Q1 FY26
Moog (MOG-A) Q2 FY26 vs Q1 FY26 (quarter over quarter)
Moog's revenue fell $48.4M (-4%) from $1.1B in Q1 FY26 to $1.1B in Q2 FY26. The biggest changes: Commercial Aircraft −$20.8M (-8%); Military Aircraft −$11.9M (-5%); Space and Defense −$10.7M (-3%). Gross margin 27.3% against 26.7% (+0.6 pts).
Moog, Q2 FY26: revenue $1.1B (+13% year over year), operating margin 13.1%, net earnings $81.8M, operating cash flow $130M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q2 FY26 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 27.3% | 26.7% | +0.6 pts |
| Operating margin | 13.1% | 12.3% | +0.8 pts |
| Net margin | 7.8% | 7.2% | +0.6 pts |
| Free cash flow margin | 9.3% | -7.2% | +16.5 pts |
Every line
| Line | Q2 FY26 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Space and Defense | $314M | $324M | −$10.7M | -3% |
| Industrial | $256M | $261M | −$5.0M | -2% |
| Commercial Aircraft | $247M | $268M | −$20.8M | -8% |
| Military Aircraft | $235M | $247M | −$11.9M | -5% |
| Revenue | $1.1B | $1.1B | −$48.4M | -4% |
| Gross profit | $288M | $294M | −$6.7M | -2% |
| Cost of revenue | $764M | $806M | −$41.7M | -5% |
| Operating profit | $138M | $135M | $2.5M | +2% |
| Operating expenses | $150M | $159M | −$9.2M | -6% |
| Pre-tax earnings | $109M | $101M | $7.6M | +8% |
| Other expense, net | $29.1M | $34.2M | −$5.1M | -15% |
| Net earnings | $81.8M | $78.9M | $3.0M | +4% |
| Income tax | $27.0M | $22.4M | $4.6M | +21% |
| Depreciation & amortization | $28.0M | $27.6M | $437K | +2% |
| Share-based compensation | $4.8M | $5.0M | −$185K | -4% |
| Working capital & other | $14.9M | −$156M | $171M | — |
| Operating cash flow | $130M | −$44.8M | $174M | — |
| Free cash flow (OCF − capex) | $97.8M | −$79.1M | $177M | — |
| Capital expenditures | $31.8M | $34.4M | −$2.6M | -8% |
Questions
How much did Moog's revenue grow quarter over quarter in Q2 FY26?
Moog's revenue fell $48.4M (-4%) from $1.1B in Q1 FY26 to $1.1B in Q2 FY26.
What drove Moog's revenue change in Q2 FY26?
Commercial Aircraft −$20.8M (-8%); Military Aircraft −$11.9M (-5%); Space and Defense −$10.7M (-3%).