Filing Flows › Moog (MOG-A) › Q2 FY26 › vs Q2 FY25
Moog (MOG-A) Q2 FY26 vs Q2 FY25 (year over year)
Moog's revenue rose $118M (+13%) from $934M in Q2 FY25 to $1.1B in Q2 FY26. The biggest changes: Space and Defense +$43.4M (+16%); Commercial Aircraft +$31.4M (+15%); Military Aircraft +$21.6M (+10%). Gross margin 27.3% against 27.5% (-0.1 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 Q2 FY25, the increases inside each band.
Margins
| Q2 FY26 | Q2 FY25 | Change | |
|---|---|---|---|
| Gross margin | 27.3% | 27.5% | -0.1 pts |
| Operating margin | 13.1% | 11.7% | +1.4 pts |
| Net margin | 7.8% | 5.8% | +1.9 pts |
| Free cash flow margin | 9.3% | 0.3% | +9.0 pts |
Every line
| Line | Q2 FY26 | Q2 FY25 | Change | % |
|---|---|---|---|---|
| Space and Defense | $314M | $270M | $43.4M | +16% |
| Industrial | $256M | $234M | $21.4M | +9% |
| Commercial Aircraft | $247M | $216M | $31.4M | +15% |
| Military Aircraft | $235M | $214M | $21.6M | +10% |
| Revenue | $1.1B | $934M | $118M | +13% |
| Gross profit | $288M | $257M | $30.9M | +12% |
| Cost of revenue | $764M | $677M | $87.0M | +13% |
| Operating profit | $138M | $109M | $28.9M | +26% |
| Operating expenses | $150M | $148M | $2.1M | +1% |
| Pre-tax earnings | $109M | $72.1M | $36.8M | +51% |
| Other expense, net | $29.1M | $37.0M | −$7.9M | -21% |
| Net earnings | $81.8M | $54.6M | $27.2M | +50% |
| Income tax | $27.0M | $17.4M | $9.5M | +55% |
| Depreciation & amortization | $28.0M | $24.7M | $3.4M | +14% |
| Share-based compensation | $4.8M | $3.7M | $1.1M | +29% |
| Working capital & other | $14.9M | −$42.9M | $57.9M | — |
| Operating cash flow | $130M | $40.0M | $89.6M | +224% |
| Free cash flow (OCF − capex) | $97.8M | $2.4M | $95.4M | 41× |
| Capital expenditures | $31.8M | $37.6M | −$5.8M | -15% |
Questions
How much did Moog's revenue grow year over year in Q2 FY26?
Moog's revenue rose $118M (+13%) from $934M in Q2 FY25 to $1.1B in Q2 FY26.
What drove Moog's revenue change in Q2 FY26?
Space and Defense +$43.4M (+16%); Commercial Aircraft +$31.4M (+15%); Military Aircraft +$21.6M (+10%).