Jun 2026 (Q3 FY26) — Jul 29, 2026
Woodward Q3 FY26 — Strong Sales Growth and Margin Expansion
Read the full callWoodward (WWD) earnings
- Jun 2026
- Jun 2026 (Q3 FY26)
- Sep 2025
Woodward earnings: last reported Wed, 29 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,110 | +21.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 147 | +35.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
13 of 13 judged targets kept · 28 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted earnings per share | $7.50 to $8.00 | Sep 2025 | Based on these updates, we are raising our adjusted EPS guidance to between $9.30 and $9.50. All other elements of our fiscal year 2026 guidance remain unchanged. | Revised Up |
| A350 spoiler actuator production entry into service (Spartanburg, SC facility) | 2028 entry into service for Woodward's A350 spoiler actuator hardware | Jun 2025 | It's primarily around finishing the Spartanburg facility around purchasing production machinery for A350 spoiler. | On Track |
| Commercial OEM airframer destocking resolution | destocked by sometime in the second quarter, towards the end of the first half of the fiscal year | Sep 2025 | Commercial OEM sales were up 30% and we believe destocking is largely behind us as their output is now more aligned with current airframers build rate. | Achieved |
28 of Woodward, Inc.'s 41 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 38 more targets are in the full ledger.
Claimed
- Total sales grew 21% year-over-year to $1.1 billion.
- Adjusted EPS increased 43% year-over-year to $2.52.
- Aerospace segment earnings margin expanded to 24% from 21.1% year-over-year.
- Industrial segment earnings margin expanded to 22.1% from 14.9% year-over-year.
- Free cash flow increased 23% year-over-year to $87 million in the quarter, bringing year-to-date total to $196 million.
Qualified
- Defense OEM sales declined 6% year-over-year (excluding a one-time revenue recognition adjustment).
- Accounts receivable balance was higher than expected due to collections timing.
- China on-highway sales are not expected to be significant in Q4 as the business winds down.
- Commercial aftermarket revenue was down sequentially in Q3 due to some Q2 shipments being pulled forward.
Price
$333.27 +1.44% · +$4.74
Performance +30.5% 1Y
1Y: $255.34 on 14 Oct 2025 → $333.27. High $436.44 (25 Jun 2026), low $246.97 (16 Oct 2025).
- Previous close
- $328.53
- 52-week range
- $246.97 – $436.44
- One year
- +32.51%
Overview
- Symbol
- WWD
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
13 of 13 judged targets kept · 28 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted earnings per share | $7.50 to $8.00 | Sep 2025 | Based on these updates, we are raising our adjusted EPS guidance to between $9.30 and $9.50. All other elements of our fiscal year 2026 guidance remain unchanged. | Revised Up |
| A350 spoiler actuator production entry into service (Spartanburg, SC facility) | 2028 entry into service for Woodward's A350 spoiler actuator hardware | Jun 2025 | It's primarily around finishing the Spartanburg facility around purchasing production machinery for A350 spoiler. | On Track |
| Commercial OEM airframer destocking resolution | destocked by sometime in the second quarter, towards the end of the first half of the fiscal year | Sep 2025 | Commercial OEM sales were up 30% and we believe destocking is largely behind us as their output is now more aligned with current airframers build rate. | Achieved |
Claimed
- Total sales grew 21% year-over-year to $1.1 billion.
- Adjusted EPS increased 43% year-over-year to $2.52.
- Aerospace segment earnings margin expanded to 24% from 21.1% year-over-year.
- Industrial segment earnings margin expanded to 22.1% from 14.9% year-over-year.
- Free cash flow increased 23% year-over-year to $87 million in the quarter, bringing year-to-date total to $196 million.
Qualified
- Defense OEM sales declined 6% year-over-year (excluding a one-time revenue recognition adjustment).
- Accounts receivable balance was higher than expected due to collections timing.
- China on-highway sales are not expected to be significant in Q4 as the business winds down.
- Commercial aftermarket revenue was down sequentially in Q3 due to some Q2 shipments being pulled forward.
The full ledger
Open Woodward, Inc.’s full ledger
A free account opens 5 company ledgers a month. All 41 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q2 FY26) — Apr 29, 2026
Woodward Q2 FY26 — Record Sales and Adjusted EPS Driven by Strong Aerospace and Industrial Demand
Read the full callEvery analysed call
Woodward earnings calls (WWD)
Financials
What the filings say
Net profit, year on year: +35% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 854 | 773 | 884 | 915 | 995 | 996 | 1,091 | 1,110 |
| Interest | 13 | 12 | 12 | 11 | 10 | 10 | 12 | 15 |
| Profit before tax | 102 | 102 | 133 | 127 | 160 | 169 | 167 | 194 |
| Tax rate | 18.0% | 14.5% | 18.1% | 14.5% | 13.9% | 20.9% | 20.0% | 24.2% |
| Net profit | 83 | 87 | 109 | 108 | 138 | 134 | 134 | 147 |
| EPS ($ per share) | — | 1.47 | 1.83 | 1.82 | — | 2.23 | 2.25 | 2.47 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 1,967 | 2,225 | 2,428 | 2,601 | 2,727 | 2,909 | 3,223 | 3,600 |
| Total liabilities | 2,253 | 2,230 | 1,911 | 1,876 | 1,905 | 1,939 | 2,192 | 2,064 |
| Fixed assets | 1,060 | 1,059 | 997 | 951 | 910 | 913 | 941 | 987 |
| Total assets | 3,791 | 3,957 | 3,903 | 4,091 | 3,806 | 4,010 | 4,369 | 4,630 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 299 | 391 | 349 | 465 | 194 | 309 | 439 | 471 |
| Cash from investing | -897 | -103 | -7 | -35 | -65 | -74 | -89 | -120 |
| Cash from financing | 606 | -266 | -290 | -136 | -442 | -196 | -218 | -314 |
| Net cash flow | -4 | 15 | 54 | 295 | -341 | 30 | 145 | 45 |
| Capital expenditure | -127 | -99 | -47 | -38 | -53 | -76 | -96 | -131 |
| Free cash flow | 172 | 292 | 302 | 427 | 141 | 232 | 343 | 340 |
WWD revenue by segment
Aerospace grew from 61% to 64% of revenue over the last two years.
| Segment | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Aerospace | 61% | 64% | 64% | 65% | 66% | 64% | 64% | 64% | +18.9% |
| Industrial | 39% | 36% | 36% | 35% | 34% | 36% | 36% | 36% | +25.5% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
127 filings between Nov 26, 2025 and Oct 3, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$30.75M
72 sales by 8 insiders
88% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 16
- Award — granted as compensation
- 21
- Option exercise — converted options into shares
- 18
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Blankenship Charles P | — | $10.49M | Mar 10, 2026 |
| Cromwell Thomas G | — | $7.42M | Dec 15, 2025 |
| Korte Daniel G. | — | $5.23M | Jun 4, 2026 |
| SENGSTACK GREGG C | — | $2.11M | Dec 4, 2025 |
| Paterson Eileen P. | — | $1.97M | Feb 5, 2026 |
| COHN JOHN D | — | $1.72M | Feb 4, 2026 |
| McLevige Shawn M | — | $1.48M | Jul 31, 2026 |
| Bem Karrie M. | — | $336.1K | May 20, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 3, 2026 | Blankenship Charles P Chairman of the Board and CEO | Tax withheld | 1,112 | $368.8K |
| Oct 3, 2026 | Cromwell Thomas G EVP and COO | Tax withheld | 382 | $126.7K |
| Oct 3, 2026 | McLevige Shawn M EVP and President, Aerospace | Tax withheld | 42 | $13.9K |
| Oct 1, 2026 | Petryszyn Mary D Director | Award | 520 | $0 |
| Oct 1, 2026 | BHALLA RAJEEV Director | Award | 520 | $0 |
| Oct 1, 2026 | Hess David P Director | Award | 520 | $0 |
| Oct 1, 2026 | SENGSTACK GREGG C Director | Award | 520 | $0 |
| Oct 1, 2026 | Curado Frederico F. Director | Award | 520 | $0 |
| Oct 1, 2026 | Paterson Eileen P. Director | Award | 520 | $0 |
| Oct 1, 2026 | Korte Daniel G. Director | Award | 520 | $0 |
| Oct 1, 2026 | Utley Tana Leigh Director | Award | 520 | $0 |
| Oct 1, 2026 | COHN JOHN D Director | Award | 520 | $0 |
| Aug 21, 2026 | Lacey William F. EVP and CFO | Tax withheld | 2,562 | $879.4K |
| Aug 10, 2026 | Curado Frederico F. Director | Award | 145 | $0 |
| Jul 31, 2026 | McLevige Shawn M EVP and President, Aerospace | Option exercise 10b5-1 plan | 2,150 | $174.2K |
| Jul 31, 2026 | McLevige Shawn M EVP and President, Aerospace | Sale 10b5-1 plan | 2,150 | $767.2K |
| Jun 4, 2026 | Korte Daniel G. Director | Option exercise | 5,200 | $415.0K |
| Jun 4, 2026 | Korte Daniel G. Director | Option exercise | 6,000 | $473.8K |
| Jun 4, 2026 | Korte Daniel G. Director | Option exercise | 3,500 | $246.4K |
| Jun 4, 2026 | Korte Daniel G. Director | Sale | 2,533 | $904.6K |
| Jun 4, 2026 | Korte Daniel G. Director | Sale | 5,419 | $1.93M |
| Jun 4, 2026 | Korte Daniel G. Director | Sale | 3,662 | $1.30M |
| Jun 4, 2026 | Korte Daniel G. Director | Sale | 3,086 | $1.09M |
| May 20, 2026 | Bem Karrie M. EVP, Gen Counsel & Corp Sec | Sale 10b5-1 plan | 185 | $65.7K |
| May 18, 2026 | Bem Karrie M. EVP, Gen Counsel & Corp Sec | Sale 10b5-1 plan | 185 | $65.2K |
| May 15, 2026 | Bem Karrie M. EVP, Gen Counsel & Corp Sec | Sale 10b5-1 plan | 279 | $100.8K |
| May 14, 2026 | Bem Karrie M. EVP, Gen Counsel & Corp Sec | Sale 10b5-1 plan | 280 | $104.3K |
| Mar 10, 2026 | Blankenship Charles P Chairman of the Board and CEO | Sale 10b5-1 plan | 343 | $130.5K |
| Mar 10, 2026 | Blankenship Charles P Chairman of the Board and CEO | Sale 10b5-1 plan | 180 | $69.6K |
| Mar 10, 2026 | Blankenship Charles P Chairman of the Board and CEO | Sale 10b5-1 plan | 1,550 | $598.4K |
| Mar 10, 2026 | Blankenship Charles P Chairman of the Board and CEO | Sale 10b5-1 plan | 262 | $100.7K |
| Mar 10, 2026 | Blankenship Charles P Chairman of the Board and CEO | Sale 10b5-1 plan | 290 | $110.9K |
| Mar 10, 2026 | Blankenship Charles P Chairman of the Board and CEO | Option exercise 10b5-1 plan | 2,625 | $218.5K |
| Mar 9, 2026 | Blankenship Charles P Chairman of the Board and CEO | Option exercise 10b5-1 plan | 5,000 | $416.2K |
| Mar 9, 2026 | Blankenship Charles P Chairman of the Board and CEO | Sale 10b5-1 plan | 728 | $269.3K |
| Mar 9, 2026 | Blankenship Charles P Chairman of the Board and CEO | Sale 10b5-1 plan | 465 | $171.6K |
| Mar 9, 2026 | Blankenship Charles P Chairman of the Board and CEO | Sale 10b5-1 plan | 974 | $358.5K |
| Mar 9, 2026 | Blankenship Charles P Chairman of the Board and CEO | Sale 10b5-1 plan | 1,280 | $469.9K |
| Mar 9, 2026 | Blankenship Charles P Chairman of the Board and CEO | Sale 10b5-1 plan | 360 | $131.2K |
| Mar 9, 2026 | Blankenship Charles P Chairman of the Board and CEO | Sale 10b5-1 plan | 1,193 | $436.5K |
| Mar 6, 2026 | Blankenship Charles P Chairman of the Board and CEO | Sale 10b5-1 plan | 406 | $151.4K |
| Mar 6, 2026 | Blankenship Charles P Chairman of the Board and CEO | Sale 10b5-1 plan | 500 | $189.7K |
| Mar 6, 2026 | Blankenship Charles P Chairman of the Board and CEO | Sale 10b5-1 plan | 900 | $338.5K |
| Mar 6, 2026 | Blankenship Charles P Chairman of the Board and CEO | Sale 10b5-1 plan | 51 | $19.1K |
| Mar 6, 2026 | Blankenship Charles P Chairman of the Board and CEO | Sale 10b5-1 plan | 543 | $202.8K |
| Mar 6, 2026 | Blankenship Charles P Chairman of the Board and CEO | Sale 10b5-1 plan | 1,366 | $515.2K |
| Mar 6, 2026 | Blankenship Charles P Chairman of the Board and CEO | Sale 10b5-1 plan | 425 | $158.0K |
| Mar 6, 2026 | Blankenship Charles P Chairman of the Board and CEO | Sale 10b5-1 plan | 527 | $195.2K |
| Mar 6, 2026 | Blankenship Charles P Chairman of the Board and CEO | Sale 10b5-1 plan | 282 | $104.1K |
| Mar 6, 2026 | Blankenship Charles P Chairman of the Board and CEO | Option exercise 10b5-1 plan | 5,000 | $416.2K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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