Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power. The Aerospace & Industrial segment offers industrial and specialty vehicle products, such as power management electronics, traction inverters, transmission shifters, and control systems; sensors, controls, and electro-mechanical actuation components used on commercial and military aircraft; and surface technology services including shot peening, laser peening, and engineered coatings. The Defense Electronics segment provides commercial off-the-shelf embedded computing board-level modules and processing equipment, data acquisition and flight test instrumentation equipment, integrated subsystems, instrumentation and control systems, tactical communications solutions; and electronic stabilization products, and weapons handling systems; avionics and electronics; flight test equipment; and aircraft data management solutions. The Naval & Power segment offers main coolant pumps, power-dense compact motors, generators, steam turbines, valves, and secondary propulsion systems; energy absorbers, retractable hook cable systems, net-stanchion systems and mobile systems to support fixed land-based arresting systems; hardware, valves, fastening systems, specialized containment doors, airlock hatches, and spent fuel management products; reactor coolant pumps and control rod drive mechanisms for commercial nuclear power plants, as well as various nuclear reactor technologies. This segment furnishes severe-service valve technologies and services, heat exchanger repair, and piping test and isolation products, and offers ship repair and maintenance for the U.S. navy. Curtiss-Wright Corporation was incorporated in 1929 and is headquartered in Davidson, North Carolina.

Curtiss-Wright appears to be a high-quality but already expensive industrial asset: the company’s operating margin and return on capital are noticeably above the industry average, but the market has already priced this in. A P/E of 52.15, P/S of 5.96, P/B of 7.77, and P/FCF of 34.38 are significantly above the sector median, which limits the potential for further re-rating without an acceleration in earnings growth. At the same time, the efficiency trend is indeed strong: ROE, ROA, ROI, net margin, and operating margin remain high and generally improve over the years, confirming the resilience of the business model. It is especially important that profit margin and operating margin remain elevated, while gross margin stays stable, meaning the quality of earnings does not look one-off. The debt burden is moderate: debt/equity of 0.27 is below the industry median, long-term debt has declined in recent periods, and liquidity as measured by the current ratio and quick ratio is at an acceptable, though not outstanding, level. This reduces financial risk and supports the valuation, but does not provide a strong argument for an aggressive increase in the target price. Revenue, EBITDA, gross profit, and net income in absolute terms look solid and are generally growing, which confirms the underlying strength and scale of the business. The dividend yield of around 0.05% has virtually no impact on the investment case and does not offset the high valuation multiples. Overall, the fundamentals are strong, but not strong enough to justify a very high base forecast without significant valuation cushion. For an investor, this is a story of high quality and stability, but with limited upside due to premium multiples. Therefore, a moderate conservative downward adjustment is appropriate, reflecting the stock’s expensiveness while preserving the strong operating metrics.

Curtiss-Wright Corporation

Сильный индекс, значительно упал. Быки в растерянности.

Strong index, significantly down. The bulls are confused.

Слабый индекс, значительно вырос. Рынок не поддерживает быков.

Weak index, significantly up. The market does not support the bulls.

Слабый индекс, незначительно вырос

Strong profitability and low debt support CW, but premium multiples significantly limit further upside in valuation.

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the First Trust Indxx Aerospace & Defense ETF (Symbol: MISL) where we have detected an approximate $86.3 million dollar outflow -- that's a 11.4% decrease week over week (from 18,500,002 to 16,400,002). Among the largest underlying components of MISL, in trading today HEICO Corp (Symbol: HEI) is up about 1.1%, AST SpaceMobile Inc (Symbol: ASTS) is off about 3%, and Curtiss-Wright Corp. (Symbol: CW) is lower by about 0.5%. For a complete list of holdings, visit the MISL Holdings page » The chart below shows the one year price performance of MISL, versus its 200 day moving average:
Looking at the chart above, MISL's low point in its 52 week range is $38.84 per share, with $51.10 as the 52 week high point — that compares with a last trade of $40.68. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Further MISL Research:

MISL, HEI, ASTS, CW: ETF Outflow Alert

Looking at the universe of stocks we cover at Dividend Channel, on 9/25/26, Curtiss-Wright Corp. (Symbol: CW) will trade ex-dividend, for its quarterly dividend of $0.26, payable on 10/9/26. As a percentage of CW's recent stock price of $549.80, this dividend works out to approximately 0.05%.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from CW is likely to continue, and whether the current estimated yield of 0.19% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of CW shares, versus its 200 day moving average:
Looking at the chart above, CW's low point in its 52 week range is $502 per share, with $808.16 as the 52 week high point — that compares with a last trade of $550.16.
According to the ETF Finder at ETF Channel, CW makes up 6.95% of the Tortoise Nuclear Renaissance ETF (Symbol: TNUK) which is trading higher by about 0.5% on the day Wednesday. (see other ETFs holding CW).
In Wednesday trading, Curtiss-Wright Corp. shares are currently off about 0.1% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Further CW Research:

Reminder - Curtiss-Wright Corp. (CW) Goes Ex-Dividend Soon

The U.S. economy continues to hold up well, despite various domestic and geopolitical challenges. Consumer demand remains a bright spot, with August retail sales jumping 1.2%, while sales excluding autos and gasoline rose 1.2%, pointing to healthy household demand. Manufacturing also stayed firmly in expansion territory, and the Philly Fed index reached 37.8 in September, its third straight month above 37.
The labor market remained resilient, nonfarm payrolls for August rose 162,000 — well above expectations of 53,000 — while unemployment held at 4.1%. Weekly jobless claims also remained low at 196,000, their lowest level since mid-June, indicating a “low-hire, low-fire” environment.
Still, investors have plenty to worry about. Inflation remains elevated, with August CPI at 3.4% year over year and core CPI at 2.4%, while PPI rose 5.4% and core PPI rose 4.7%. Treasury yields have also climbed, with the 10-year near 5%, raising borrowing costs and pressuring stock valuations. Housing remains weak, with August building permits falling to 1.39 million units. Higher oil prices, driven by tensions around the Strait of Hormuz, and higher tariffs add another layer of uncertainty.
At its September meeting, the Federal Reserve, led by Chair Kevin Warsh, raised the federal funds rate by a quarter basis point to 3.75-4%, marking its first hike since 2023. The move reflects persistent inflation and aims to restore price stability. For investors, higher rates could pressure equities and bonds while supporting the dollar and financial-sector margins. The economy is still moving, but market participants are watching whether persistent cost pressures eventually slow growth.
In such market conditions, cautious investors who wish to diversify their portfolios and pick dividend-paying stocks can keep a tab on some prominent names, such as JPMorgan Chase & Co. JPM, Microsoft MSFT, Equity Bancshares EQBK, CurtissWright CW and Argan AGX. Companies that pay out dividends consistently indicate a healthy business model. Stocks that have raised dividends recently exhibit a sound financial structure and can counter market upheavals. Moreover, stocks that tend to reward investors with a high dividend payout outperform non-dividend-paying entities in a highly volatile market.
JPMorgan Chase
JPMorgan Chase is one of the largest financial services firms globally with operations in more than 60 countries. This Zacks Rank #3 (Hold) company is headquartered in New York. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
On Sept. 15, JPM declared that its shareholders would receive a dividend of $1.65 a share on Oct. 31, 2026. JPM has a dividend yield of 1.7%.
Over the past five years, JPM has increased its dividend seven times, and its payout ratio presently sits at 27% of earnings. Check JPMorgan Chase's dividend history here.
JPMorgan Chase & Co. Dividend Yield (TTM)
Microsoft
Microsoft is headquartered in Redmond, WA. This Zacks Rank #3 company is one of the largest broad-based technology providers in the world.
On Sept. 14, MSFT declared that its shareholders would receive a dividend of 98 cents a share on Dec. 10, 2026. MSFT has a dividend yield of 0.7%.
In the past five years, MSFT has increased its dividend six times. Its payout ratio is currently 21% of earnings. Check Microsoft’s dividend history here.
Microsoft Corporation Dividend Yield (TTM)
Equity Bancshares
Equity Bancshares provides financial services primarily to businesses, business owners and individuals. This Wichita, KS-based company currently carries a Zacks Rank #2 (Buy).
On Sept. 10, EQBK declared that its shareholders would receive a dividend of 22 cents a share on Oct. 15, 2026. EQBK has a dividend yield of 1.5%.
Over the past five years, EQBK has increased its dividend five times, and its payout ratio presently sits at 14% of earnings. Check Equity Bancshares’ dividend history here.
Equity Bancshares, Inc. Dividend Yield (TTM)
CurtissWright
CurtissWright is headquartered in Davidson, NC. This Zacks Rank #2 company provides highly engineered products and services for high-performance platforms and critical applications in key areas such as commercial aerospace and defense electronics, reactor coolant pumps for next-generation nuclear reactors as well as advanced surface treatment technologies.
On Sept. 10, CW declared that its shareholders would receive a dividend of 26 cents a share on Oct. 9, 2026. CW has a dividend yield of 0.2%.
In the past five years, CW has increased its dividend five times. Its payout ratio is currently 7% of earnings. Check CurtissWright’s dividend history here.
Curtiss-Wright Corporation Dividend Yield (TTM)
Argan
Argan is an engineering and construction firm operating through wholly owned subsidiaries across power generation, industrial construction and teledata infrastructure. This Arlington, VA-based company currently carries a Zacks Rank #1 (Strong Buy).
On Sept. 9, AGX announced that its shareholders would receive a dividend of 70 cents a share on Oct. 30, 2026. AGX has a dividend yield of 0.5%.
Over the past five years, AGX has increased its dividend four times. Its payout ratio now sits at 16% of earnings. Check Argan's dividend history here.
Argan, Inc. Dividend Yield (TTM)
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Watch 5 Stocks on Recent Dividend Hikes Amid Rising Rates & Volatility

Key Points
Sold 1,035 shares for a total transaction value of ~$641,000 on Aug. 27, 2026.
The transaction involved shares equal to 27% of the equity stake held before the filing.
The disposition was executed as a direct contribution of common stock to an exchange fund.
The officer maintains a direct position of 2,736 shares following the exchange's completion.
John C. Watts, EVP & Chief Growth Officer, disposed of 1,035 shares of Curtiss-Wright Corporation (NYSE:CW) at $619.46 per share on Aug. 27, 2026. SEC Form 4 filing.
Transaction summary
Shares sold
1,035
Transaction value
$641,141
Post-transaction shares (directly held)
2,736
Post-transaction value
$1.66 million
Transaction value based on SEC Form 4 weighted average sale price ($619.46); post-transaction value based on Aug. 27, 2026, market close ($605.49).
Key questions
What was the structural nature of this disposition?
The reporting person contributed common stock to an exchange fund in exchange for shares of that fund rather than executing an open-market sale. This arrangement allows for portfolio diversification while the transaction was valued at the Aug. 26, 2026, closing price of $619.46.
How does the transaction price compare to recent market performance?
The shares were valued at $619.46 for the purposes of the exchange, reflecting a 24% total return for the stock over the 12 months ending on the transaction date. The market closed at $605.49 on the day the transaction was finalized, Aug. 27, 2026.
What is the current scale of the insider's remaining direct equity exposure?
Following this transaction, the officer holds 2,736 shares directly. This equity position is valued at $1.66 million as of the Aug. 27, 2026, market close, representing the officer's continuing stake in the company's operations across the aerospace, defense, and power generation sectors.
Company Overview
Share Price (as of market close 2026-08-26)
$619.46
Market Capitalization
$22.9 billion
Revenue (TTM)
$3.7 billion
Net Income (TTM)
$541.2 million
Company Snapshot
Curtiss-Wright Corporation manufactures highly engineered products and components for the aerospace, defense, general industrial, and power generation sectors, generating revenue through the sale of specialized components, integrated systems, and comprehensive solutions to a global customer base.
The company operates through three primary business divisions -- Aerospace & Industrial, Defense Electronics, and Naval & Power -- which collectively form the foundation of a diversified revenue model that capitalizes on long-term demand across multiple end markets.
The company's primary customers include commercial and military aerospace manufacturers, defense contractors, industrial equipment producers, and power generation operators, positioning Curtiss-Wright as a critical supplier for highly regulated, mission-critical applications.
Curtiss-Wright Corporation is a diversified industrial manufacturer with a $22.9 billion market capitalization and approximately 9,100 employees, generating $3.7 billion in TTM revenue with net income of $541.2 million. The company's strategic positioning across aerospace, defense, and industrial markets provides exposure to secular growth drivers, including military modernization, commercial aviation recovery, and industrial automation. With a one-year stock appreciation of 23.94%, Curtiss-Wright demonstrates strong investor confidence in its operational execution and market fundamentals.
What this transaction means for investors
As is often the case with executive and insider sales, I don't believe this transaction is anything for investors to focus on. It looks like pretty typical trading that helps executives diversify their holdings a bit and/or increase their overall liquidity. Because of the nature of these types of sales, they shouldn't be viewed as a bullish or bearish stance on the stock itself.
As for Curtiss-Wright's actual operations, the company is finally taking a bit of a breather after its share price soared from $200 to $800 within three years. CW's most recent earnings underwhelmed the market -- especially after its P/E ratio rose from 20 to 55 -- prompting the stock's recent sell-off back to $620. Sales growth slowed to 5% in Q2, but management still expects revenue and EPS to grow by 8.5% and 15% in 2026.
Ultimately, I still have Curtiss-Wright stock on my short list, as its nuclear operations are very promising, including an array of nuclear components for which it has a near monopoly. As the data center build-out races on at full speed ahead still, and small modular reactors seem like a promising solution to power them, I think CW stock's future remains bright, even if it has to grow into its valuation. That said, with the stock trading at 40 times forward earnings, investors should take their time with this stock and buy in small batches over time -- especially after last quarter's growth slowdown.
Should you buy stock in Curtiss-Wright right now?
Before you buy stock in Curtiss-Wright, consider this:
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What to Know About Curtiss-Wright EVP Disposing of $641,000 in Stock

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Curtiss-Wright (CW) Q2 2026 Earnings Call Transcript

(RTTNews) - Curtiss-Wright Corp. (CW) revealed earnings for its second quarter that Increases, from last year
The company's earnings came in at $151.17 million, or $4.07 per share. This compares with $121.06 million, or $3.19 per share, last year.
Excluding items, Curtiss-Wright Corp. reported adjusted earnings of $3.72 per share for the period.
The company's revenue for the period rose 5.4% to $924.01 million from $876.58 million last year.
Curtiss-Wright Corp. earnings at a glance (GAAP) :
-Earnings: $151.17 Mln. vs. $121.06 Mln. last year. -EPS: $4.07 vs. $3.19 last year. -Revenue: $924.01 Mln vs. $876.58 Mln last year.
-Guidance: Full year EPS guidance: $ 15.10 To $ 15.40 Full year revenue guidance: $ 3.768 B To $ 3.813 B
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Curtiss-Wright Corp. Profit Advances In Q2

TransDigm Group Incorporated TDG is slated to report third-quarter fiscal 2026 results on Aug. 4, before market open. The company delivered an earnings surprise of 5.69% in the last reported quarter.
Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.
Factors Likely to Affect TDG’s Q3 Results
During the fiscal third quarter of 2026, TransDigm completed the acquisitions of Jet Parts Engineering and Victor Sierra. These acquisitions are expected to have contributed to fiscal third-quarter sales by expanding the company's portfolio of proprietary aerospace components and strengthening its aftermarket offerings. Management also noted continued progress in integrating earlier acquisitions, including Simmonds Precision and Servotronics, which is expected to have supported operational performance.
Healthy demand in the commercial aftermarket, supported by favorable booking trends and continued aircraft utilization, is likely to have supported revenue growth in the quarter. Ongoing recovery in commercial OEM production and sustained defense demand, backed by a healthy backlog, are also expected to have contributed positively to sales, despite uncertainty surrounding the evolving situation in the Middle East.
Overall, higher revenues and a favorable commercial aftermarket mix are likely to have supported margin improvement. Continued focus on operational efficiency, cost discipline and improving performance in recently acquired businesses is also expected to have strengthened profitability, supporting the company's quarterly earnings.
Transdigm Group Incorporated Price and EPS Surprise
Estimates for TDG
The Zacks Consensus Estimate for earnings is pegged at $10.29 per share, indicating a year-over-year increase of 19.5%.
The consensus estimate for revenues is pinned at $2.67 billion, indicating a year-over-year improvement of 7.2%.
What the Zacks Model Unveils for TDG
Our proven model does not conclusively predict an earnings beat for TransDigm this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here, as you will see below.
TDG’s Earnings ESP: TDG has an Earnings ESP of -0.36%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
TDG’s Zacks Rank: TDG currently carries a Zacks Rank of 3.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Below, we have mentioned a few players from the same sector that have the right combination of elements to beat on earnings in the upcoming releases:
CurtissWright CW is slated to report its second-quarter 2026 results on Aug. 5, after market close. It has an Earnings ESP of +0.36% and a Zacks Rank of 3 at present.
CW’s long-term (three to five years) earnings growth rate is 14.3%. The Zacks Consensus Estimate for earnings is pegged at $3.62 per share, which suggests a year-over-year rise of 12.1%.
ATI INC ATI is slated to report its second-quarter 2026 results on Aug. 6, before market open. It has an Earnings ESP of +1.32% and a Zacks Rank of 2 at present.
ATI’s long-term earnings growth rate is 28%. The Zacks Consensus Estimate for earnings is pegged at $1.03 per share, which suggests a year-over-year rise of 39.2%.
Vertical Aerospace EVTL is set to report second-quarter 2026 earnings on Aug. 13, before market open. It has an Earnings ESP of +15.39% and a Zacks Rank of 3 at present.
The Zacks Consensus Estimate for EVTL’s loss is pegged at 39 cents per share, indicating year-over-year improvement. The company delivered an earnings surprise of 4.76% in the last reported quarter.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

TransDigm to Report Q3 Results: What's in Store for the Stock?

Huntington Ingalls Industries, Inc. HII is scheduled to release second-quarter 2026 earnings on July 30, 2026, before market open. The company delivered an earnings surprise of 2.43% in the last reported quarter.
Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.
Factors Likely to Affect HII’s Q2 Results
Higher sales volume from surface combatants is likely to have boosted the Ingalls segment’s top line in the second quarter.
Higher sales volumes from submarine and aircraft carrier programs are likely to have boosted the Newport News segment’s revenue performance.
Higher sales volumes from All-Domain Operations, Global Security and Unmanned Systems are likely to have bolstered the company’s Mission Technologies segment’s revenues in the second quarter of 2026.
However, higher general and administrative expenses are likely to have hurt the company’s earnings.
Huntington Ingalls Industries, Inc. Price and EPS Surprise
Q2 Estimates for HII Stock
The Zacks Consensus Estimate for HII’s second-quarter sales is pegged at $3.14 billion, which indicates an increase of 2% from the prior-year number.
The consensus estimate for HII’s earnings is pegged at $3.80 per share, which indicates a year-over-year decline of 1.6%.
What the Zacks Model Unveils for HII
Our proven model does not conclusively predict an earnings beat for HII this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here, as you will see below.
Earnings ESP: Huntington Ingalls has an Earnings ESP of +0.53%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Zacks Rank: HII currently carries a Zacks Rank of 4. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Investors may consider the following players from the same sector, as these have the right combination of elements to post an earnings beat this reporting cycle.
CurtissWright CW is slated to report its second-quarter 2026 results on Aug. 5, after market close. It has an Earnings ESP of +0.36% and a Zacks Rank of 3 at present.
CW’s long-term (three to five years) earnings growth rate is 14.3%. The Zacks Consensus Estimate for earnings is pegged at $3.62 per share, which suggests a year-over-year rise of 12.1%.
Axon Enterprise AXON is scheduled to report its second-quarter 2026 results on Aug. 5, after market close. It has an Earnings ESP of +4.76% and a Zacks Rank of 3 at present.
AXON’s long-term earnings growth rate is 30.1%. The Zacks Consensus Estimate for revenues stands at $868.4 million, which implies a year-over-year increase of 29.9%.
ATI INC ATI is slated to report its second-quarter 2026 results on Aug. 6, before market open. It has an Earnings ESP of +1.32% and a Zacks Rank of 2 at present.
ATI’s long-term earnings growth rate is 28%. The Zacks Consensus Estimate for earnings is pegged at $1.03 per share, which suggests a year-over-year rise of 39.2%.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Huntington Ingalls to Post Q2 Earnings: What's in the Cards?

The Zacks Aerospace sector’s second-quarter 2026 earnings are expected to outperform estimates, driven by rising defense spending, increasing geopolitical tensions, and continued military modernization focused on missile defense, autonomous systems, artificial intelligence, space, and cybersecurity. These trends, along with growing international defense demand and efforts to strengthen the defense industrial base, reinforce long-term growth prospects for major defense contractors. Per the latest Earnings Preview, the sector’s quarterly earnings are expected to rise 21.1% on 11.8% higher revenues.
With the assistance of the Zacks Stock Screener, we have identified four defense stocks, namely General Dynamics GD, Curtiss-Wright CW, Huntington Ingalls Industries HII and L3Harris Technologies LHX, which are poised to beat on earnings this reporting cycle.
These stocks have the ideal combination of two ingredients — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) — to surpass expectations. You can uncover the best stocks before they are reported with our Earnings ESP Filter.
Factors That are Likely to Influence Defense Stocks’ Q2 Results
In the second quarter of 2026, the U.S. defense sector is expected to have benefited from the government's commitment to higher military spending and accelerating military modernization amid rising geopolitical tensions. Increased investment in missile defense, advanced aircraft, autonomous systems, AI, cyber capabilities, and naval expansion, together with growing global defense budgets, strengthened long-term demand and export opportunities for major U.S. defense contractors.
Another key indicator supporting the U.S. defense sector is the industry's record order backlog. Major defense contractors continue to build substantial backlogs as governments place multi-year orders for aircraft, missile systems, naval platforms, satellites, and defense technologies. A large backlog provides strong revenue visibility, as these long-duration contracts are typically executed over several years, supporting stable cash flows and earnings. It also reflects sustained global demand driven by rising defense budgets, military modernization programs, and increased international orders, positioning the sector for continued growth even as individual contract awards fluctuate sequentially.
Defense companies with exposure to commercial aerospace are likely to have benefited from the steady recovery in global air travel, supporting demand for aircraft, engines, and related components alongside their core defense businesses.
However, these positives are likely to have been partially offset by persistent challenges, including skilled labor shortages and supply-chain disruptions. U.S. tariffs on key trading partners are expected to have increased costs and delayed production and deliveries, tempering overall second-quarter performance of some defense companies.
Potential Defense Outperformers
General Dynamics engages in mission-critical information systems and technologies; land and expeditionary combat vehicles, armaments and munitions; shipbuilding and marine systems; and business aviation. Marine Systems likely remained a key growth driver, supported by improving shipyard productivity, stronger execution on Columbia- and Virginia-class submarine programs, and ongoing capacity expansion to meet rising U.S. naval demand. Meanwhile, Gulfstream is expected to report another solid quarter, benefiting from sustained manufacturing improvements and strong deliveries across the G700 and G800 aircraft programs.
The Zacks Consensus Estimate for second-quarter earnings is pegged at $3.95 per share, indicating an improvement of 5.6% from the year-ago quarter’s reported figure. GD currently has an Earnings ESP of +1.61% and a Zacks Rank of 2. You can see the complete list of today's Zacks #1 Rank stocks here.
General Dynamics Corporation Price and EPS Surprise
Curtiss-Wright provides highly engineered products and services for high-performance platforms, and critical applications in key areas such as commercial aerospace and defense electronics, reactor coolant pumps for next-generation nuclear reactors as well as advanced surface treatment technologies. The company’s quarterly performance is expected to have gained from increased U.S. and allied defense spending, particularly in naval defense and ground defense programs. The company also expects continued momentum from robust order activity, providing strong revenue visibility.
The Zacks Consensus Estimate for second-quarter earnings is pegged at $3.62 per share, indicating an increase of 12.1% from the year-ago reported figure. CW currently has an Earnings ESP of +0.36% and a Zacks Rank of 3.
Curtiss-Wright Corporation Price and EPS Surprise
Huntington Ingalls Industries designs, builds, and maintains nuclear-powered ships, including aircraft carriers and submarines, as well as non-nuclear vessels such as surface combatants, expeditionary warfare/amphibious assault and coastal defense surface ships for the U.S. Navy and Coast Guard. The company also provides after-market services for military ships worldwide. Higher activity across several key defense programs likely drove broad-based growth during the second quarter. Strong shipbuilding demand supported Ingalls, increased submarine and aircraft carrier production benefited Newport News, while higher program activity across Warfare Systems, Global Security, and Unmanned Systems contributed to the growth of Mission Technologies.
The Zacks Consensus Estimate for second-quarter 2026 earnings is pegged at $3.80 per share, indicating a decrease of 1.6% from the year-ago reported figure. HII currently has an Earnings ESP of +0.53% and a Zacks Rank of 3.
Huntington Ingalls Industries, Inc. Price and EPS Surprise
L3Harris Technologies is a technology-oriented aerospace and defense player that delivers advanced defense technologies across air, land, sea, space and cyber domains. Higher demand for resilient communications, classified ISR and space programs, international defense platforms, and increased production across missile, munitions, and electronic warfare programs likely supported broad-based revenue growth across the company's major defense segments in the to-be-reported quarter. Continued momentum in the Space Development Agency's Tracking Tranche 3 program and Aerojet Rocketdyne's propulsion businesses must have further strengthened growth prospects.
The Zacks Consensus Estimate for second-quarter earnings is pegged at $2.80 per share, indicating an improvement of 0.7% from the year-ago quarter’s reported figure. LHX currently has an Earnings ESP of +2.09% and a Zacks Rank of 3.
L3Harris Technologies Inc Price and EPS Surprise
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4 Defense Stocks Poised to Beat Q2 Earnings Expectations

General Dynamics GD is scheduled to release second-quarter 2026 results on July 29, before market open. The company delivered an earnings surprise of 11.4% in the last reported quarter.
Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.
Key Factors Likely to Influence GD’s Q2 Results
General Dynamics heads into second-quarter earnings season with a record backlog and healthy book-to-bill ratios across its business segments, supporting strong revenue visibility despite macroeconomic uncertainty. The company's defense operations are expected to have remained the primary growth driver, benefiting from sustained demand for submarines, combat vehicles, munitions and mission systems amid rising global defense spending.
Marine Systems is likely to have been one of the biggest catalysts for the second quarter. Management highlighted improving labor productivity across its shipyards, stronger material availability and steadily improving supplier performance, all of which might have supported higher throughput on the Columbia- and Virginia-class submarine programs. The company continues to invest aggressively in expanding shipyard capacity to meet growing U.S. naval demand. If these operational improvements continued through the second quarter, Marine Systems could have been a major contributor to revenue and margin expansion.
Gulfstream entered the second quarter after recording the strongest first-quarter delivery performance in its history, while management emphasized durable manufacturing improvements across the G700 and G800 programs. Management expects second-quarter aircraft deliveries to remain similar to the first quarter before rising further in the second half of the year, indicating another solid quarter for the segment.
Although management said supply-chain conditions have improved, critical components sourced from single suppliers continue to constrain production. Any renewed disruptions could slow the pace of submarine construction and limit further throughput improvements despite robust customer demand.
GD’s Q2 Expectations
The Zacks Consensus Estimate for earnings is pegged at $3.95 per share, indicating a year-over-year increase of 5.6%.
The Zacks Consensus Estimate for revenues is pinned at $13.49 billion, implying a year-over-year improvement of 3.4%.
The Zacks Consensus Estimate for total Gulfstream aircraft deliveries is pinned at 42, compared with the company’s registered figure of 38 in the year-ago quarter.
What the Zacks Model Unveils
Our proven model predicts an earnings beat for General Dynamics this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here, as you will see below.
General Dynamics Corporation Price and EPS Surprise
Earnings ESP: The company’s Earnings ESP is +1.61%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, the company carries a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here.
Other Stocks to Consider
Investors may also consider the following players from the same sector as these, too, have the right combination of elements to post an earnings beat this reporting cycle.
Hexcel HXL is likely to come up with an earnings beat when it announces second-quarter results on July 29, before market open. It has an Earnings ESP of +6.13% and a Zacks Rank #3 at present.
The consensus estimate for HXL’s second-quarter sales suggests an improvement of 6.5% from the year-ago quarter’s reported numbers. The company delivered an average earnings surprise of 12.6% for the trailing four quarters.
L3Harris Technologies LHX is expected to come up with an earnings beat when it reports second-quarter results on July 29, after market close. It has an Earnings ESP of +2.09% and a Zacks Rank #3 at present.
The consensus estimate for LHX’s second-quarter sales implies an improvement of 6.8% from the year-ago quarter’s level. The Zacks Consensus Estimate for earnings is pinned at $2.80 per share, indicating year-over-year growth of 0.7%.
Curtiss-Wright CW is likely to come up with an earnings beat when it announces second-quarter results on Aug. 5, after market close. It has an Earnings ESP of +0.36% and a Zacks Rank #3 at present.
The consensus estimate for CW’s second-quarter sales suggests an improvement of 6.2% from the year-ago quarter’s reported numbers. The company delivered an average earnings surprise of 3.8% for the trailing four quarters.
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Indicator	Feb 26	Mar 26	Jun 26	Aug 26	Sep 26	TTM	Median
P/E	54.42	49.88	52.15	—	—	52.15	24.96
Price/Sales	7.53	7.09	7.75	5.96	—	5.96	1.40
P/B	10.27	9.56	10.10	7.77	—	7.77	2.35
P/FCF	51.29	43.33	44.72	34.38	—	34.38	18.03

Indicator	Feb 26	Mar 26	Jun 26	Aug 26	Sep 26	TTM	Median
ROE	—	19.64	20.68	—	—	20.68	14.69
ROA	—	9.83	10.28	—	—	10.28	6.05
ROI	—	14.76	15.79	—	—	15.79	8.73
Net Worth	—	25.22	28.12	—	20.19	20.19	1.16
Quick Ratio	—	1.05	1.12	—	—	1.12	1.16
Current Ratio	—	1.52	1.60	—	—	1.60	1.59

Indicator	Feb 26	Mar 26	Jun 26	Aug 26	Sep 26	TTM	Median
Net Profit Margin	—	14.17	14.81	—	—	14.81	7.68
Operating Margin	—	18.41	—	—	—	18.41	10.44
Gross Margin	—	37.12	—	—	—	37.12	32.69
Return on tangible equity	—	139.05	134.58	—	—	134.58	24.78

Curtiss-Wright Corporation

Recent quarterly and TTM performance

Valuation

Debts

Efficiency

Other ratios

Revenue

Indicator	Feb 26	Mar 26	Jun 26	Aug 26	Sep 26	TTM	Median
EPS	3.79	—	—	3.72	—	3.72	0.76
EPS Forecast	3.66	—	—	3.62	—	3.62	0.67
Revenue	—	914.00M	—	—	—	914.00M	187.00M
Gross Profit	—	331.00M	364.00M	—	—	364.00M	—
EBITDA	—	188.00M	207.00M	—	—	207.00M	—