Curtiss-Wright (CW) Earnings: Q3 2026 Results
Last updated November 2026
Short answer
Curtiss-Wright reported revenue of $953 million for Q3 2026, up 10% from a year earlier (Curtiss-Wright, Nov 4, 2026). Diluted EPS was $3.77, up 14% from $3.31. Aerospace & Industrial brought in $282 million, up 14%. Every figure is from Curtiss-Wright's release. Walnut is informational, not investment advice.
CW Q3 2026 results
In one sentence
Curtiss-Wright reported revenue of $953 million for Q3 2026, up 10% from a year earlier (Curtiss-Wright, Nov 4, 2026).
| Measure | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Revenue | $953 million | $869 million | up 10% |
| Diluted EPS (GAAP) | $3.77 | $3.31 | up 14% |
| Diluted EPS (Adjusted) | $3.94 | $3.40 | up 16% |
| Net income | $139 million | $125 million | up 11% |
The quarter ended September 30, 2026 and Curtiss-Wright published the results on November 4, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Curtiss-Wright reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.
- Curtiss-Wright's release reports in thousands of dollars. Figures here are converted to millions and rounded to one decimal.
- Adjusted figures exclude a loss on equity securities held for investment purposes ($0.14 per share) and 2026 Restructuring Program costs ($0.03 per share) in Q3 2026.
Source: Curtiss-Wright Q3 2026 results, November 4, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.
CW revenue by segment
How Curtiss-Wright splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.
| Sales by segment | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Aerospace & Industrial | $282 million | $248 million | up 14% |
| Defense Electronics | $259 million | $253 million | up 2% |
| Naval & Power | $412 million | $368 million | up 12% |
- Curtiss-Wright's Aerospace & Industrial revenue was $282 million in Q3 2026, up 14% from $248 million in Q3 2025, 30% of total revenue.
- Curtiss-Wright's Defense Electronics revenue was $259 million in Q3 2026, up 2% from $253 million in Q3 2025, 27% of total revenue.
- Curtiss-Wright's Naval & Power revenue was $412 million in Q3 2026, up 12% from $368 million in Q3 2025, 43% of total revenue.
Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.
Curtiss-Wright's outlook for full year 2026
From the earnings release
Curtiss-Wright's outlook is on an Adjusted (non-GAAP) basis.
In its Q3 2026 release, Curtiss-Wright said:
“Sales increased to new range of 8% to 10% growth (previously 8% to 9%), reflecting continued strong growth in the Aerospace & Defense (A&D) and Commercial end markets”
“Operating income increased to new range of 12% to 14% growth (previously 11% to 13%)”
“Operating margin increased to new range of 19.2% to 19.4%, now up 60 to 80 basis points compared with the prior year”
“Diluted EPS increased to new range of $15.40 to $15.60, now up 16% to 18% (previously $15.10 to $15.40, up 14% to 16%)”
Source: Curtiss-Wright Q3 2026 release, Nov 4, 2026.
This is the company's own guidance as of Nov 4, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the CW forecast page.
CW recent quarters
Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.
| Quarter | Revenue | Diluted EPS | Reported |
|---|---|---|---|
ended Sep 30, 2026 | $953 million | $3.77 | Nov 4, 2026 |
Q2 2026 ended Jun 30, 2026 | $924 million | $4.07 | Aug 5, 2026 |
Q1 2026 ended Mar 31, 2026 | $914 million | $3.46 | May 6, 2026 |
Q4 2025 ended Dec 31, 2025 | $947 million | $3.69 | Feb 11, 2026 |
Q3 2025 ended Sep 30, 2025 | $869 million | $3.31 | Nov 5, 2025 |
GAAP total net sales and diluted EPS, each as first reported in that quarter's release, converted from thousands to millions.
When does CW report earnings next?
We do not hold a confirmed date for Curtiss-Wright's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.
Past Curtiss-Wright quarterly reports
Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.
- Q3 2026 (this page), reported Nov 4, 2026
What Curtiss-Wright's revenue is made of
Curtiss-Wright reports sales in three segments. In Q3 2026 Naval & Power brought in $411.9 million of the $952.6 million total, Aerospace & Industrial $281.8 million and Defense Electronics $259.0 million. By end market, Aerospace & Defense markets were $674.1 million and Commercial markets $278.5 million; the largest single market was naval defense at $271.5 million, followed by aerospace defense at $186.4 million and power & process at $164.7 million. (Curtiss-Wright Q3 2026 release, Nov 4, 2026)
Naval & Power sales rose 12%. Curtiss-Wright attributed the naval defense growth to the timing of production on the Columbia-class and Virginia-class submarine programs and to higher aftermarket revenue supporting aircraft carrier refueling and overhaul projects. Power & process growth came mainly from commercial nuclear solutions supporting next-generation advanced reactors, as several projects move from development into the initial prototype stage. (Curtiss-Wright Q3 2026 release, Nov 4, 2026)
Aerospace & Industrial sales rose 14% to $282 million on actuation equipment and sensors for fighter jet programs, higher OEM sales of sensors and surface treatment services on narrowbody and widebody aircraft, and industrial vehicle products. Defense Electronics grew 2% to $259 million: embedded computing for helicopter and international fighter jet programs and turret drive stabilization systems for international customers, partly offset by the timing of production on unmanned aerial vehicle programs. (Curtiss-Wright Q3 2026 release, Nov 4, 2026)
Most of Curtiss-Wright's revenue is products. Product sales were $817.8 million and service sales $134.8 million in the quarter, and 52% of sales were recognized over time. Government demand dominates: sales to the U.S. Government and foreign government end use were 58% of total net sales in 2025. (Curtiss-Wright Q3 2026 release, Nov 4, 2026; Curtiss-Wright Form 10-Q, Q3 2026, Nov 5, 2026; Curtiss-Wright Form 10-K, 2025, Feb 12, 2026)
What Curtiss-Wright's EPS includes
Curtiss-Wright's Q3 2026 diluted EPS was $3.77 on a GAAP basis and $3.94 Adjusted. The Adjusted figure adds back $0.14 per share for a loss on equity securities and $0.03 for restructuring costs. The 10-Q says other income fell $5 million, or 94%, to less than $1 million, primarily because of an unrealized loss on equity securities held for investment purposes. Curtiss-Wright's Adjusted measures also exclude first-year purchase accounting costs on acquisitions. (Curtiss-Wright Q3 2026 release, Nov 4, 2026; Curtiss-Wright Form 10-Q, Q3 2026, Nov 5, 2026)
Buybacks lowered the share count. Diluted weighted-average shares were 36,850 thousand, against 37,663 thousand a year earlier. In the quarter Curtiss-Wright repurchased about 538,000 shares for about $352 million, and in September 2026 its board authorized an additional $510 million, taking the available authorization to $700 million. (Curtiss-Wright Q3 2026 release, Nov 4, 2026)
The effective tax rate was 21.9%, down from 22.5% a year earlier, which Curtiss-Wright put down mainly to higher foreign R&D tax credits and larger tax benefits on stock-based compensation. Net earnings were $138.9 million, up from $124.8 million. (Curtiss-Wright Form 10-Q, Q3 2026, Nov 5, 2026; Curtiss-Wright Q3 2026 release, Nov 4, 2026)
Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.
Consensus and guidance at Curtiss-Wright
Curtiss-Wright publishes full-year Adjusted guidance in each release. With Q3 2026 it raised its 2026 range for total sales to $3,795 - $3,840 million (previously $3,768 - $3,813 million), operating income to $731 - $744 million, operating margin to 19.2% - 19.4%, diluted EPS to $15.40 - $15.60 (previously $15.10 - $15.40) and free cash flow to $595 - $615 million. (Curtiss-Wright Q3 2026 release, Nov 4, 2026)
Curtiss-Wright also guides by end market. It raised aerospace defense growth to 14 - 16% (previously 12 - 14%), naval defense to 9 - 11% and general industrial to 3 - 5%, and now expects ground defense to decline 2 - 4% (previously 4 - 6%). On a GAAP basis, the 2026 diluted EPS guidance is $15.48 - $15.68, with an effective tax rate of 21.5%. (Curtiss-Wright Q3 2026 release, Nov 4, 2026)
A consensus figure is the average of the models published by the analysts who cover Curtiss-Wright, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.
The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.
The numbers analysts watch at Curtiss-Wright
The figures below are the ones Curtiss-Wright's own release and filings put weight on for Q3 2026, with the latest reported value for each.
| Metric | Latest reported |
|---|---|
| New orders | $1.1 billion, up 15% from a year earlier Book-to-bill of 1.1x Curtiss-Wright Q3 2026 release, Nov 4, 2026 |
| Backlog | $4.6 billion, up 12% from December 31, 2025 About 90% expected to be recognized as net sales over the next 36 months Curtiss-Wright Q3 2026 release, Nov 4, 2026; Curtiss-Wright Form 10-Q, Q3 2026, Nov 5, 2026 |
| Adjusted operating margin | 19.9%, up 30 basis points from 19.6% Defense Electronics 27.0%, down 220 basis points Curtiss-Wright Q3 2026 release, Nov 4, 2026 |
| Free cash flow | $157 million, down from $176 million 108% free cash flow conversion Curtiss-Wright Q3 2026 release, Nov 4, 2026 |
| Naval defense sales | $271.5 million, up 10% from $245.9 million Curtiss-Wright Q3 2026 release, Nov 4, 2026 |
| Share repurchases | $352 million in Q3 2026 About 538,000 shares; on track for $460 million in 2026 Curtiss-Wright Q3 2026 release, Nov 4, 2026 |
What the quarter means for a holding is a separate question from what it reported. The case for and against owning CW is on is CW a buy or a sell?, what analysts expect next is on the CW forecast, and what the company does is on the Curtiss-Wright (CW) stock page.
How to check CW's figures yourself
Every number on this page can be traced to a document Curtiss-Wright published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.
- The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
- The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
- The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
- Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.
A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.
Your questions about Curtiss-Wright
Ask Walnut's AI anything about CW and see how it fits what you own.
FAQ
What was Curtiss-Wright's revenue last quarter?
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Curtiss-Wright reported revenue of $953 million for Q3 2026, the quarter ended September 30, 2026, against $869 million in Q3 2025 (up 10%). The figures come from Curtiss-Wright's results release of November 4, 2026.
What guidance did Curtiss-Wright give for full year 2026?
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Curtiss-Wright's outlook is on an Adjusted (non-GAAP) basis. In its Q3 2026 release, Curtiss-Wright said: "Sales increased to new range of 8% to 10% growth (previously 8% to 9%), reflecting continued strong growth in the Aerospace & Defense (A&D) and Commercial end markets Operating income increased to new range of 12% to 14% growth (previously 11% to 13%) Operating margin increased to new range of 19.2% to 19.4%, now up 60 to 80 basis points compared with the prior year Diluted EPS increased to new range of $15.40 to $15.60, now up 16% to 18% (previously $15.10 to $15.40, up 14% to 16%)" That is the company's own outlook as of Nov 4, 2026, and companies revise outlooks as the quarter goes on.
When does CW report earnings next?
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We do not hold a confirmed date for Curtiss-Wright's next report. Companies announce the date on their investor relations site a few weeks ahead, usually with the time of the call.
Where does Curtiss-Wright's revenue come from?
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Curtiss-Wright's Aerospace & Industrial revenue was $282 million in Q3 2026, up 14% from $248 million in Q3 2025, 30% of total revenue. Curtiss-Wright's Defense Electronics revenue was $259 million in Q3 2026, up 2% from $253 million in Q3 2025, 27% of total revenue. Curtiss-Wright's Naval & Power revenue was $412 million in Q3 2026, up 12% from $368 million in Q3 2025, 43% of total revenue. These are the lines of Curtiss-Wright's own "sales by segment" table for Q3 2026.
How much did Curtiss-Wright's revenue grow last quarter?
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Up 10% on the year: $953 million in Q3 2026 against $869 million in Q3 2025. That is the year-over-year comparison, the same quarter a year apart, so seasonal patterns in Curtiss-Wright's business do not distort it.
What is the difference between Curtiss-Wright's GAAP and Adjusted EPS?
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GAAP EPS follows US accounting rules and is the figure in the audited statements. Curtiss-Wright's Adjusted EPS starts from it and removes items the company considers outside its operating results; the release lists each adjustment in a reconciliation table. For Q3 2026 the two were $3.77 and $3.94. Analysts' EPS estimates are usually built on the adjusted figure, so check which one a headline compares before you repeat it.
Where do the CW numbers on this page come from?
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From Curtiss-Wright's own results release and its Form 10-Q for the quarter ended September 30, 2026, copied as printed, in millions of US dollars. Percent changes are worked out from those figures and rounded to a whole percent, which matches how the release states them. Nothing on this page is an estimate except the consensus, which is labelled with its source and date.
Walnut is informational, not investment advice. Reported figures are copied from Curtiss-Wright's results release and filings; consensus figures, where shown, are third-party estimates captured before the report. Verify figures against the source before relying on them.