Earnings
Home›Earnings›Results›Curtiss-Wright raises 2026 guidance as free cash flow…
Curtiss-Wright raises 2026 guidance as free cash flow jumps to $160M
The defense-focused pull through helped bookings rise 8% in Q2, pushing the company to lift full-year guidance while margins expanded 110 basis points.
Curtiss-Wright (NYSE: CW) reported second-quarter 2026 results showing sales increased 5% year over year to $924 million, alongside stronger profitability and cash generation that drove a broad raise to full-year guidance, according to Yahoo Finance.
Operating income grew 12%, more than double the revenue pace, and margins rose by 110 basis points. Free cash flow jumped 37% to $160 million as the company said it saw enough momentum to increase its outlook across the board.
Orders also strengthened, with Q2 bookings up 8% and a book-to-bill above 1.1x, while year-to-date orders rose 12% versus 9% sales growth for a book-to-bill above 1.2x. Defense Electronics led the upside, with orders up nearly 50% year over year in the quarter and more than 30% year to date, tied to turret drive stabilization systems for international ground vehicles and tactical communications gear for the U.S. Army, Marine Corps, and Air Force.
Management highlighted additional segment drivers including Aerospace and Industrial, where sales rose 12% and operating income rose 25% with margin expansion of 180 basis points, and Naval and Power, where full-year sales guidance was raised to 7% to 9% growth tied to submarine production timing and the CVN-81 carrier program. The article also notes that Defense Electronics sales fell 3% as tactical communications order timing shifted, and Naval and Power orders declined year over year due to the lumpy timing of government submarine defense awards.