Filing Flows › Woodward (WWD) › Q2 FY26
Woodward (WWD) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Apr 30, 2026
Woodward (WWD) reported revenue of $1.1B for the second quarter fiscal 2026 (Q2 FY26), +23% from a year earlier and +9% from the quarter before. Operating margin was 15.4%, net earnings $134M (12.3% of revenue).
Woodward, Q2 FY26: revenue $1.1B (+23% year over year), operating margin 15.4%, net earnings $134M, operating cash flow $90.8M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +9% | +23% |
| Operating profit | $167M | -1% | +26% |
| Net earnings | $134M | +0.2% | +23% |
| Operating cash flow | $90.8M | -21% | +17% |
| Free cash flow | $38.2M | -46% | -36% |
What changed
Revenue was $1.1B in Q2 FY26, up 23% year over year and up 9% from the previous quarter. Aerospace was the largest line at 64% of revenue. Aerospace added $0.14B year over year (up 25%), 68% of the total change.
Operating profit was $0.17B, a 15.4% margin (up 0.3 points year over year). Of the extra revenue versus Q2 FY25, 17% reached operating profit, above the 15% margin then. Total costs grew 23% against revenue growth of 23%. Net earnings were $0.13B, up 23% year over year. The effective tax rate was 20.0%.
Operating cash flow was $0.09B (up 17% year over year), 68% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.09B. Capital expenditures of $0.05B left free cash flow of $0.04B.
Questions
What was Woodward's revenue in the second quarter fiscal 2026?
Woodward (WWD) reported revenue of $1.1B for the second quarter fiscal 2026 (Q2 FY26), +23% from a year earlier and +9% from the quarter before.
Was Woodward profitable in the second quarter fiscal 2026?
Operating profit was $167M (15.4% of revenue) and net earnings $134M.
Source: Woodward 10-Q on SEC EDGAR.