AI-extracted from the 10-Q filed 2026-07-30 — Q3 FY2026 (nine months ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Woodward delivered 24.3% revenue growth to $3.2B in nine months ended June 30, 2026, with net earnings up 36.1% to $414.4M driven by strong aerospace demand and industrial expansion.
Biggest Revenue Drivers
Aerospace$2,046.9M+23.9% YoY
Higher sales volumes and price realization from increased airframer production rates and sustained commercial services demand.
Industrial$1,149.8M+25.0% YoY
Higher sales volumes and price realization, with favorable foreign currency impacts and strong data center power generation demand.
Biggest Revenue Drivers
Total revenue: $3,196.7M+24.3% YoY
Aerospace$2,046.9M+23.9% YoY
Higher sales volumes and price realization from increased airframer production rates and sustained commercial services demand.
Industrial$1,149.8M+25.0% YoY
Higher sales volumes and price realization, with favorable foreign currency impacts and strong data center power generation demand.
Largest Expense Items
Cost of goods sold$2,238.8M+18.3% YoY
Higher sales volumes and net inflationary impacts on material and labor costs.
Selling, general and administrative expenses$303.7M+25.4% YoY
Early-stage efforts to compete for next single-aisle aircraft platform.
Margins: Gross margin expanded 360 basis points to 30.0% in nine months from 26.4% prior year, driven by price realization and higher leverage from volume growth, partially offset by inflation. Operating margin improvement reflects strong operational execution despite significant strategic investments in manufacturing capabilities and R&D for future platforms.
Watch Items from the Filing
Three customers (GE Aerospace, Boeing, RTX) represent substantial portion of Aerospace segment; customer concentration risk in key defense/commercial OEM programs.
China on-highway business wind-down completed with $14.2M restructuring charges in nine months; minimal future revenue expected from this market.
Servo valve transition from Santa Clarita to Rockford facility underway with $1.9M charges incurred; additional $15M expected through end of 2027 for relocation, depreciation, and inventory write-offs.
Tariff refund claims filed with U.S. Customs following February 2026 Supreme Court ruling; timing and amount of recovery remain uncertain due to ongoing administrative process.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About Woodward, Inc. (WWD): stock profile, AI score and financials
Woodward, Inc. (WWD) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores WWD at 67.5/100 on a composite quality score built from its SEC filings, placing it at rank #364 of 2,925 stocks — the top 25% of the AI-ranked universe. WWD scores in the top quartile across balance sheet strength (85.3), institutional flow (78.6), revenue scale (75.4). Based on the latest XBRL financial filings (Q3 2026), Woodward, Inc. reports quarterly revenue of $1.1B, net income of $146.7M, an operating margin of 17.4%. Top institutional holders of WWD by reported 13-F value include BlackRock, FMR, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. WWD trades on the Nasdaq exchange and files with the SEC under CIK 108312. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate WWD daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Woodward, Inc. directly from SEC EDGAR.