Filing Flows › Woodward (WWD) › Q3 FY26 › vs Q2 FY26
Woodward (WWD) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Woodward's revenue rose $19.1M (+2%) from $1.1B in Q2 FY26 to $1.1B in Q3 FY26. The biggest changes: Industrial +$13.8M (+4%); Aerospace +$5.4M (+0.8%). Operating margin 17.4% against 15.4% (+2.1 pts).
Woodward, Q3 FY26: revenue $1.1B (+21% year over year), operating margin 17.4%, net earnings $147M, operating cash flow $147M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Operating margin | 17.4% | 15.4% | +2.1 pts |
| Net margin | 13.2% | 12.3% | +0.9 pts |
| Free cash flow margin | 7.8% | 3.5% | +4.3 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Aerospace | $709M | $703M | $5.4M | +0.8% |
| Industrial | $401M | $387M | $13.8M | +4% |
| Revenue | $1.1B | $1.1B | $19.1M | +2% |
| Operating profit | $194M | $167M | $26.1M | +16% |
| Costs & expenses | $916M | $923M | −$6.9M | -0.8% |
| Pre-tax earnings | $194M | $167M | $26.1M | +16% |
| Cost of revenue | $760M | $775M | −$14.9M | -2% |
| Research & development | $49.3M | $46.1M | $3.2M | +7% |
| SG&A | $106M | $102M | $4.2M | +4% |
| Net earnings | $147M | $134M | $12.7M | +9% |
| Income tax | $46.8M | $33.4M | $13.4M | +40% |
| Depreciation & amortization | $32.1M | $29.9M | $2.2M | +7% |
| Share-based compensation | $7.5M | $14.1M | −$6.6M | -47% |
| Working capital & other | $39.6M | $87.2M | −$47.6M | -55% |
| Operating cash flow | $147M | $90.8M | $55.8M | +61% |
| Free cash flow (OCF − capex) | $87.1M | $38.2M | $48.8M | +128% |
| Capital expenditures | $59.6M | $52.6M | $7.0M | +13% |
Questions
How much did Woodward's revenue grow quarter over quarter in Q3 FY26?
Woodward's revenue rose $19.1M (+2%) from $1.1B in Q2 FY26 to $1.1B in Q3 FY26.
What drove Woodward's revenue change in Q3 FY26?
Industrial +$13.8M (+4%); Aerospace +$5.4M (+0.8%).