Woodward Inc.'s stock surged 14.63% in after-hours trading following the release of its impressive first-quarter fiscal year 2026 financial results, which significantly exceeded analyst expectations.

The aerospace and industrial controls manufacturer reported quarterly adjusted earnings of $2.17 per share, beating the FactSet consensus estimate of $1.65. Revenue for the quarter reached $996.5 million, surpassing the $890.1 million estimate and representing a 29% year-over-year increase.

Based on this strong performance, Woodward raised its full-year 2026 guidance, increasing its EPS outlook to $8.20-$8.60 from the previous range of $7.50-$8.00 and boosting its sales growth projection to 14%-18% from 7%-12%. The company also announced a 14% increase in its quarterly dividend to $0.32 per share, contributing to the positive investor sentiment driving the after-hours surge.