Slide 1: First Quarter 2026 Earnings Supplemental
moog First Quarter 2026 Earnings Supplemental January 2026
Slide 2: Disclosures
Disclosures Cautionary Statement Regarding Forward Looking Information This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which can be identified by wor
Slide 3: First Quarter 2026 Highlights
First Quarter 2026 Highlights Delivered an outstanding first quarter with record sales across all four segments Achieved another quarter of record twelve-month backlog, driven by exceptional orders Continued success in achieving financial andA operational objectives 3
Slide 4: First Quarter 2026 Operational Highlights
First Quarter 2026 Operational Highlights Earned BAE Systems’ “Gold Supplier of the Year” award for 100% quality and delivery Customer Focus Secured new orders supporting future production in Commercial Aircraft Won additional PAC-3 order and space vehicles contract in Space and Defense People
Slide 5: First Quarter 2026 Financial Headlines
First Quarter 2026 Financial Headlines Record Record $1.1B 13.0% $2.63 $(79M) Sales Adjusted Adjusted Free Cash Operating Earnings Flow* Margin* Per Share* Outstanding quarter - strong sales, adjusted operating margin and adjusted earnings per share * Non-GAAP measures, see Appendix for reconciliati
Slide 6: First Quarter 2026 Sales
First Quarter 2026 Sales USD in millions Sales Q1’26 Q1’25** Delta Comments 21% $1,100 Space and Defense $ 324 $ 248 31% Driven by missile controls and satellite components Military Aircraft 247 213 16% Received a significant V-22 spares order and higher MV-75 activity $908 Commercial Aircraft 268 2
Slide 7: First Quarter 2026 Adjusted Operating Margin
First Quarter 2026 Adjusted Operating Margin* 220bps Adjusted Operating Q1’26 Q1’25** Delta Comments Margins* (bps) 14.3% Ex. Tariff Space and Defense 14.8% 12.0% 280 Profitable sales growth, partially offset by 90bps increased business capture, product development, and operational readiness investm
Slide 8: 2026 Guidance as of Jan'26
2026 Guidance as of Jan’26 $4.3B 13.4% $10.20** 60% Sales Adjusted Adjusted Free Cash Operating Earnings Flow Margin* Per Share* Conversion* Guidance raised for sales and adjusted earnings per share; affirmed adjusted operating margin and free cash flow conversion * Non-GAAP measures, see Non-GAAP F
Slide 9: Change in 2026 Guidance: Segment Sales & Margins
Change in 2026 Guidance: Segment Sales & Margins USD in millions Sales FY’26 (F) FY’26 (F) Delta Adjusted Operating Margins* FY’26 (F) FY’26 (F) Delta As of Jan’26 As of Oct’25 ($) As of Jan’26 As of Oct’25 (bps) Space and Defense $1,265 $1,235 $30 Space and Defense 13.9% 13.5% 40 Military Aircraft
Slide 10: Change in 2026 Guidance: Additional Information
Change in 2026 Guidance: Additional Information USD in millions, except for EPS FY’26 (F) FY’26 (F) As of Jan’26 As of Oct’25 Total Sales $4,265 $4,205 Adjusted Operating Profit* $571 $563 Adjusted Operating Margin* 13.4% 13.4% Interest $70 $73 Adjusted Effective Tax Rate* 25% 25% Adjusted EPS*,** $
Slide 11: First Quarter 2026 Key Takeaways
First Quarter 2026 Key Takeaways Outstanding start to FY’26 with records for sales, 12-month backlog and earnings per share Simplification initiatives driving operating margin expansion and balance sheet optimization Improved guidance based on market strength and business improvements Results reflec
Slide 12: Appendix
MI@OOG || Shaping the way our world moves™ 12
Slide 13: Notes to Appendix Tables
Notes to Appendix Tables • As previously disclosed, fiscal year 2025 amounts have been revised to reflect the correction of immaterial misstatements. See "Revision of Previously Issued Consolidated Financial Statements" section in our 2025 Form 10-K. • While management believes that these adjusted f
Slide 14: Reconciliation of Adjusted Net Earnings and Diluted Earnings Per Share
Reconciliation of Adjusted Net Earnings and Diluted Earnings Per Share USD in millions, except for shares, EPS and effective income tax rate 51% 28% 14
Slide 15: Reconciliation of Adjusted Operating Profit and Margin
Reconciliation of Adjusted Operating Profit and Margin USD in millions 51% 28% 15
Slide 16: Reconciliation to Free Cash Flow and Free Cash Flow Conversion
Reconciliation to Free Cash Flow and Free Cash Flow Conversion USD in millions 51% 28% 16
Slide 17: 2025 Adjusted Results
2025 Adjusted Results Comparison of adjusted as previously reported during FY’25 quarterly financial statements to adjusted as revised USD in millions, except for EPS As Previously Reported 2025 As Revised 2025 * Delta: $ & bps Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Sales $248 $270 $288 $307 $248 $270
Slide 18: 2025 Reconciliation of Adjusted Net Earnings and Diluted Earnings Per Share
2025 Reconciliation of Adjusted Net Earnings and Diluted Earnings Per Share Total Company USD in millions, except for shares, EPS and effective income tax rate 51% 28% * Simplification initiatives in Q4’25 and FY’25 include one-time income tax expense associated with simplifying our legal entity str
Slide 19: 2025 Reconciliation of Adjusted Operating Profit and Margin
2025 Reconciliation of Adjusted Operating Profit and Margin Total Company USD in millions 51% 28% 19
Slide 20: 2025 Reconciliation of Adjusted Operating Profit and Margin
2025 Reconciliation of Adjusted Operating Profit and Margin Space and Defense USD in millions 51% 28% 20
Slide 21: 2025 Reconciliation of Adjusted Operating Profit and Margin
2025 Reconciliation of Adjusted Operating Profit and Margin Military Aircraft USD in millions 51% 28% 21
Slide 22: 2025 Reconciliation of Adjusted Operating Profit and Margin
2025 Reconciliation of Adjusted Operating Profit and Margin Commercial Aircraft USD in millions 51% 28% 22
Slide 23: 2025 Reconciliation of Adjusted Operating Profit and Margin
2025 Reconciliation of Adjusted Operating Profit and Margin Industrial USD in millions 51% 28% 23