Curtiss-Wright Q2 EPS beats estimates as margins expand

Curtiss-Wright

05/08/2026 22:19

Overview
U.S. engineered products supplier's Q2 sales up 5%, slight miss versus analyst expectations
Adjusted EPS for Q2 rose 15% and beat analyst expectations
Company raised full-year 2026 guidance for sales, operating income, margin, EPS, and free cash flow

Outlook
Curtiss-Wright raises 2026 sales growth outlook to 8-9% from 7-8%
Company lifts 2026 diluted EPS guidance to $15.10-$15.40, up from $14.90-$15.30
Curtiss-Wright expects 2026 free cash flow of $585-$605 mln, up $5 mln from prior view

Result Drivers
NAVAL AND COMMERCIAL NUCLEAR GROWTH - Higher revenues in naval defense and commercial nuclear solutions drove overall sales growth
MARGIN EXPANSION - Margin gains across all segments attributed to favorable absorption on higher revenues, product mix, and restructuring initiatives
DEFENSE ELECTRONICS DEMAND - Record demand for defense electronics products contributed to strong new order growth

Company press release: ID:nBw4bFYH0a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Slight Miss*
$924 mln
$926.54 mln (6 Analysts)
Q2 Adjusted EPS
Beat
$3.72
$3.62 (7 Analysts)
Q2 EPS
 
$4.07
 
Q2 Adjusted Operating Income
Beat
$179 mln
$173.56 mln (6 Analysts)
Q2 Adjusted Operating Margin
 
19.40%
 
Q2 Free Cash Flow
 
$160 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy"
Wall Street's median 12-month price target for Curtiss-Wright Corporation is $815.00, about 7.6% above its August 4 closing price of $757.31
The stock recently traded at 46 times the next 12-month earnings vs. a P/E of 46 three months ago

Reuters Recommended Reads
Aug 3 - BWX Technologies Q2 revenue growth slightly misses estimates
Aug 4 - Kratos Defense Q2 revenue jumps 30.5%, raises 2026 outlook 
Aug 4 - TransDigm lifts 2026 forecast on robust aftermarket aircraft parts demand

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)