Woodward (NASDAQ:WWD) Releases Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Posted by Brian Himes on Jul 30th, 2026

Woodward (NASDAQ:WWD – Get Free Report) released its quarterly earnings data on Wednesday. The technology company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.08, FiscalAI reports. Woodward had a return on equity of 20.12% and a net margin of 12.85%.The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the business posted $1.76 EPS. Woodward’s quarterly revenue was up 21.2% on a year-over-year basis. Woodward updated its FY 2026 guidance to 9.300-9.500 EPS.

Here are the key takeaways from Woodward’s conference call:

Strong third-quarter results prompted higher 2026 guidance: Sales increased 21% year over year to $1.1 billion, adjusted EPS rose 43% to $2.52, and the company raised adjusted EPS guidance to $9.30-$9.50.
Aerospace sales grew 19%, led by a 34% increase in commercial OEM and 24% growth in commercial services, while aerospace margins expanded to 24%. Management cited strong airframer build rates, sustained aftermarket demand, and improving supply-chain visibility.
Industrial sales rose 26%, with core industrial sales up 19% and strong demand in marine, LNG infrastructure, and power generation, particularly data-center-related applications. Management said customer forecasts for power-generation demand continue to rise into 2027 and beyond.
Pricing actions and higher volume drove significant margin expansion, while lean transformation and automation are beginning to improve factory productivity. Woodward expects automation initiatives to reduce approximately 1,000 incremental direct-labor hires by 2029 while supporting capacity growth.
Management expects pricing to moderate from roughly 10% in the quarter to a more normal 3%-5% range, increasing the importance of productivity gains for future margin expansion. Free cash flow remains constrained by higher inventory and working-capital investment, and fourth-quarter capital expenditures are expected to rise substantially.

Woodward Stock Performance

Woodward stock opened at $385.42 on Thursday. Woodward has a fifty-two week low of $233.31 and a fifty-two week high of $450.92. The company has a market capitalization of $22.96 billion, a price-to-earnings ratio of 46.16, a PEG ratio of 2.45 and a beta of 0.86. The stock has a fifty day moving average of $395.41 and a two-hundred day moving average of $377.11. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.19 and a current ratio of 1.73.

Woodward Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.28 annualized dividend and a yield of 0.3%. Woodward’s dividend payout ratio (DPR) is presently 15.33%.

Insider Buying and Selling at Woodward

In related news, Director Daniel G. Korte sold 14,700 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $356.05, for a total value of $5,233,935.00. Following the completion of the transaction, the director owned 4,434 shares of the company’s stock, valued at approximately $1,578,725.70. The trade was a 76.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Karrie M. Bem sold 185 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $355.00, for a total transaction of $65,675.00. Following the sale, the executive vice president directly owned 3,648 shares in the company, valued at $1,295,040. This represents a 4.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 15,629 shares of company stock worth $5,570,005 over the last 90 days. Company insiders own 0.71% of the company’s stock.

Institutional Trading of Woodward

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new position in shares of Woodward during the 4th quarter worth $35,000. Employees Retirement System of Texas purchased a new stake in shares of Woodward in the third quarter valued at $119,000. Northwestern Mutual Wealth Management Co. increased its stake in Woodward by 11.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 506 shares of the technology company’s stock valued at $124,000 after purchasing an additional 54 shares during the last quarter. Greenline Wealth Management LLC purchased a new position in Woodward during the fourth quarter worth about $126,000. Finally, EverSource Wealth Advisors LLC lifted its position in Woodward by 286.5% during the second quarter. EverSource Wealth Advisors LLC now owns 630 shares of the technology company’s stock worth $154,000 after buying an additional 467 shares during the period. 81.18% of the stock is owned by hedge funds and other institutional investors.

Woodward News Roundup

Here are the key news stories impacting Woodward this week:

Positive Sentiment: Woodward reported fiscal Q3 adjusted earnings of $2.52 per share, above the $2.39–$2.44 analyst range, while revenue rose 21.2% year over year to $1.11 billion, in line with expectations. Woodward Fiscal Q3 Earnings Snapshot
Positive Sentiment: The company raised fiscal 2026 adjusted EPS guidance to $9.30–$9.50, citing strong third-quarter performance and confidence in the fourth quarter. Revenue guidance was set at approximately $4.3–$4.4 billion. Woodward Reports Third Quarter Fiscal Year 2026 Results
Positive Sentiment: Woodward is targeting 1,000 fewer hires by 2029, a move that could improve productivity and support margins over time. RBC Capital maintained a Buy/Outperform view, providing additional analyst support. Woodward Raises 2026 EPS View
Negative Sentiment: The aerospace outlook was narrowed, raising concerns that growth may moderate in a key end market. With Woodward trading at a relatively elevated forward valuation, investors appeared to place greater weight on the softer outlook than on the quarterly earnings beat. Woodward Aerospace Outlook
Neutral Sentiment: The updated EPS range is broadly consistent with the roughly $9.40 analyst consensus, while revenue guidance is near expectations. Consequently, the guidance increase may not represent a significant upside surprise for the market. Woodward Fiscal Q3 Earnings and Guidance

Analyst Upgrades and Downgrades

WWD has been the topic of a number of research analyst reports. Wells Fargo & Company initiated coverage on Woodward in a research report on Wednesday, April 1st. They set an “overweight” rating and a $440.00 target price on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $470.00 price target on shares of Woodward in a research report on Friday, May 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Woodward in a research report on Friday, July 17th. Truist Financial increased their price objective on shares of Woodward from $404.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Zacks Research upgraded shares of Woodward from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $395.50.

View Our Latest Analysis on Woodward

Woodward Company Profile

(Get Free Report)

Woodward, Inc (NASDAQ: WWD) is a global leader in the design, manufacture and service of control systems and components for the aerospace and industrial markets. Founded in 1870 and headquartered in Fort Collins, Colorado, the company specializes in motion control, fuel systems, actuation, and digital control solutions. Its offerings enable precision management of flow, pressure and motion in critical applications ranging from aircraft engines and power turbines to hydraulic systems.

Woodward’s product portfolio is organized into two primary segments: Aerospace and Industrial.