Filing Flows › Woodward (WWD) › Q2 FY26 › vs Q1 FY26
Woodward (WWD) Q2 FY26 vs Q1 FY26 (quarter over quarter)
Woodward's revenue rose $94.1M (+9%) from $996M in Q1 FY26 to $1.1B in Q2 FY26. The biggest changes: Aerospace +$68.4M (+11%); Industrial +$25.7M (+7%). Operating margin 15.4% against 17.0% (-1.6 pts).
Woodward, Q2 FY26: revenue $1.1B (+23% year over year), operating margin 15.4%, net earnings $134M, operating cash flow $90.8M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q2 FY26 | Q1 FY26 | Change | |
|---|---|---|---|
| Operating margin | 15.4% | 17.0% | -1.6 pts |
| Net margin | 12.3% | 13.4% | -1.1 pts |
| Free cash flow margin | 3.5% | 7.1% | -3.5 pts |
Every line
| Line | Q2 FY26 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Aerospace | $703M | $635M | $68.4M | +11% |
| Industrial | $387M | $362M | $25.7M | +7% |
| Revenue | $1.1B | $996M | $94.1M | +9% |
| Operating profit | $167M | $169M | −$1.7M | -1% |
| Costs & expenses | $923M | $827M | $95.8M | +12% |
| Pre-tax earnings | $167M | $169M | −$1.7M | -1% |
| Net earnings | $134M | $134M | $294K | +0.2% |
| Income tax | $33.4M | $35.4M | −$2.0M | -6% |
| Depreciation & amortization | $29.9M | $29.0M | $868K | +3% |
| Share-based compensation | $14.1M | $7.0M | $7.1M | +100% |
| Working capital & other | $87.2M | $55.4M | $31.8M | +58% |
| Operating cash flow | $90.8M | $114M | −$23.6M | -21% |
| Free cash flow (OCF − capex) | $38.2M | $70.3M | −$32.1M | -46% |
| Capital expenditures | $52.6M | $44.1M | $8.5M | +19% |
Questions
How much did Woodward's revenue grow quarter over quarter in Q2 FY26?
Woodward's revenue rose $94.1M (+9%) from $996M in Q1 FY26 to $1.1B in Q2 FY26.
What drove Woodward's revenue change in Q2 FY26?
Aerospace +$68.4M (+11%); Industrial +$25.7M (+7%).