Woodward (NASDAQ:WWD) reported better-than-expected first-quarter financial results and raised its FY26 guidance above estimates on Monday.

Woodward reported quarterly earnings of $2.17 per share which beat the analyst consensus estimate of $1.66 per share. The company reported quarterly sales of $996.454 million which beat the analyst consensus estimate of $893.227 million.

Woodward raised its FY2026 adjusted EPS guidance from $7.50-$8.00 to $8.20-$8.60 and also increased its sales guidance from $3.817 billion-$3.995 billion to $4.066 billion-$4.209 billion.

“We delivered strong first quarter 2026 performance that exceeded our expectations,” said Chip Blankenship, Chairman and Chief Executive Officer. “Year-over-year growth was broad-based across both segments and reflected strong demand and disciplined execution by our global teams. In Aerospace, margin expansion was driven by higher mix of commercial services activity and robust defense OEM demand. Industrial performance was driven by strength in power generation, transportation, and oil and gas. Our focus on operational excellence continues to drive output improvements and more consistent execution across our portfolio.

Woodward shares gained 15.5% to trade at $377.89 on Tuesday.

These analysts made changes to their price targets on Woodward following earnings announcement.

• UBS analyst Gavin Parsons maintained Woodward with a Buy and raised the price target from $378 to $417.
• TD Cowen analyst Gautam Khanna maintained the stock with a Hold and raised the price target from $350 to $390.

Considering buying WWD stock? Here’s what analysts think:

Photo via Shutterstock