Moog Inc. reported record fiscal third-quarter sales of $1.1 billion [1] during its earnings report released in July 2026.
The results signal a period of significant growth for the East Aurora, New York-based aerospace and defense manufacturer as it navigates rising demand for commercial aircraft and defense systems.
Year-over-year sales grew by 15 percent [1], contributing to a total fiscal third-quarter profit of $152 million [5]. Adjusted earnings per share reached $3.72 [3], which exceeded the Zacks Consensus EPS estimate of $2.67 [4].
Financial performance was bolstered by a $30 million tariff refund [7]. The company also reported a backlog value of $3.3 billion [8], representing a 23 percent increase in backlog growth [9].
Despite these strong operational figures, some market analysts have noted valuation concerns. The company's EBITDA multiple currently stands at 24 times [10], a figure that sits well above the historical range of 12 to 16 times [11].
Moog raised its full-year guidance following the quarter, citing the surge in aerospace and defense market demand [1, 7]. The company continues to operate its primary headquarters in New York while supplying critical components to global aviation and military sectors.
“Moog Inc. reported record fiscal third-quarter sales of $1.1 billion”
Moog's record sales and expanding backlog suggest a strong recovery and growth phase in the global aerospace sector. However, the disparity between the current EBITDA multiple and historical norms indicates that investors are paying a premium for the stock, potentially pricing in future growth expectations that exceed the company's long-term average performance.
