Filing Flows › Woodward (WWD) › Q1 FY26
Woodward (WWD) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 4, 2026
Woodward (WWD) reported revenue of $996M for the first quarter fiscal 2026 (Q1 FY26), +29% from a year earlier and +0.1% from the quarter before. Operating margin was 17.0%, net earnings $134M (13.4% of revenue).
Woodward, Q1 FY26: revenue $996M (+29% year over year), operating margin 17.0%, net earnings $134M, operating cash flow $114M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $996M | +0.1% | +29% |
| Operating profit | $169M | +6% | +66% |
| Net earnings | $134M | -3% | +54% |
| Operating cash flow | $114M | -51% | +232% |
| Free cash flow | $70.4M | — | 137× |
What changed
Revenue was $996.5M in Q1 FY26, up 29% year over year and roughly flat from the previous quarter. Aerospace was the largest line at 64% of revenue. Aerospace added $141.0M year over year (up 29%), 63% of the total change.
Operating profit was $169.2M, a 17.0% margin (up 3.8 points year over year). Of the extra revenue versus a year earlier, 30% reached operating profit, above the 13% margin then. Total costs grew 23% against revenue growth of 29%. Net earnings were $133.7M, up 54% year over year. The effective tax rate was 20.9%.
Operating cash flow was $114.4M (up 232% year over year), 86% of net earnings. Non-cash charges added back $29.0M of depreciation and amortization and $7.0M of share-based compensation. Working capital and other items used $55.4M. After capital expenditures ($44.0M), free cash flow as the company reports it was $70.4M.
Questions
What was Woodward's revenue in the first quarter fiscal 2026?
Woodward (WWD) reported revenue of $996M for the first quarter fiscal 2026 (Q1 FY26), +29% from a year earlier and +0.1% from the quarter before.
Was Woodward profitable in the first quarter fiscal 2026?
Operating profit was $169M (17.0% of revenue) and net earnings $134M.
Source: Woodward 10-Q on SEC EDGAR.