Howmet Aerospace (NYSE:HWM) Announces Quarterly Earnings Results

Posted by George Bondi on Aug 8th, 2026

Howmet Aerospace (NYSE:HWM – Get Free Report) released its earnings results on Thursday. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.09, FiscalAI reports. Howmet Aerospace had a return on equity of 33.91% and a net margin of 20.52%.The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same quarter last year, the firm posted $0.91 earnings per share. The business’s revenue was up 24.1% compared to the same quarter last year. Howmet Aerospace updated its Q3 2026 guidance to 1.340-1.360 EPS and its FY 2026 guidance to 5.230-5.310 EPS.

Here are the key takeaways from Howmet Aerospace’s conference call:

Q2 results exceeded guidance: Revenue rose 24% year over year, organic growth reached 21%, EBITDA increased 39%, and adjusted EPS grew 46% to $1.33, supported by a 340-basis-point expansion in EBITDA margin.
Howmet raised its full-year outlook to approximately $10.05 billion in revenue, $3.23 billion of EBITDA, $5.27 of adjusted EPS, and $1.9 billion of free cash flow. Management expects 2027 revenue to increase further.
Demand remains strong across commercial aerospace, defense, and industrial gas turbines, with total spares revenue up 37% and gas turbine demand benefiting from electricity needs tied to data centers. Howmet is increasing capital spending beyond $500 million in 2026 and expects another significant step-up in 2027 to support growth.
Capital returns continued through $800 million of year-to-date share repurchases, a 17% dividend increase, and debt reduction. Management expects leverage to return to approximately 1.0 times net debt to EBITDA by year-end while retaining flexibility for additional bolt-on acquisitions.
The CAM Fastener acquisition is currently dilutive to margins and is expected to be roughly breakeven to EPS in 2026, with most synergies anticipated in 2027. Commercial transportation wheel volumes were down 8% year over year, while higher aluminum pass-through is expected to continue pressuring reported margins for the next several quarters.

Howmet Aerospace Price Performance

HWM opened at $282.42 on Friday. The business’s 50-day moving average is $272.81 and its two-hundred day moving average is $253.96. Howmet Aerospace has a 1 year low of $169.45 and a 1 year high of $310.00. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.82 and a quick ratio of 1.59. The firm has a market capitalization of $113.00 billion, a PE ratio of 60.87, a price-to-earnings-growth ratio of 2.18 and a beta of 1.20.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Friday, August 7th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, August 7th. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio is 11.14%.

Trending Headlines about Howmet Aerospace

Here are the key news stories impacting Howmet Aerospace this week:

Positive Sentiment: Strong Q2 performance: Howmet reported revenue of $2.55 billion, up 24% year over year, and adjusted EPS of $1.33, exceeding the $1.24 analyst consensus. Operating margins, cash flow and adjusted EBITDA also improved significantly. Howmet Aerospace Reports Second Quarter 2026 Results
Positive Sentiment: Raised 2026 outlook: The company now expects full-year EPS of $5.23-$5.31 and revenue of approximately $10.0-$10.1 billion, above consensus estimates. Third-quarter EPS guidance of $1.34-$1.36 also exceeds expectations. HWM Q2 Earnings Beat Estimates on Aerospace, Turbine Growth
Positive Sentiment: Favorable demand trends: Rising commercial aircraft production, aftermarket spares demand and gas-turbine activity are supporting capacity expansion and growth into 2027. Howmet also generated $479 million in free cash flow and repurchased $300 million of stock during the quarter. HWM Q2 Earnings Call Centers on Capacity and Higher Outlook
Positive Sentiment: Analyst support: Susquehanna raised its price target from $330 to $340 and assigned a positive rating, implying meaningful potential upside from the recent trading level. Benzinga analyst price-target report
Neutral Sentiment: Howmet completed its $1.8 billion CAM acquisition and increased its quarterly dividend by 17% to $0.14 per share. The acquisition expands the company’s capabilities but also increases integration and execution requirements.
Negative Sentiment: The stock’s pullback may reflect valuation and profit-taking concerns: HWM has risen sharply over the past year, trades at a high earnings multiple, and investors may have expected strong results following the recent rally. Higher capital spending to expand capacity could also limit near-term free cash flow.

Insider Buying and Selling

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 41,932 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $269.50, for a total transaction of $11,300,674.00. Following the completion of the sale, the executive vice president directly owned 65,105 shares of the company’s stock, valued at approximately $17,545,797.50. This represents a 39.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.85% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HWM. Price T Rowe Associates Inc. MD lifted its holdings in shares of Howmet Aerospace by 27.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,632,206 shares of the company’s stock worth $3,409,936,000 after purchasing an additional 3,531,700 shares during the period. Federated Hermes Inc. increased its holdings in Howmet Aerospace by 45.5% in the 4th quarter. Federated Hermes Inc. now owns 1,561,474 shares of the company’s stock worth $320,133,000 after buying an additional 488,169 shares during the period. Worldquant Millennium Advisors LLC purchased a new position in Howmet Aerospace during the 2nd quarter worth approximately $64,565,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Howmet Aerospace by 13.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,752,280 shares of the company’s stock worth $564,272,000 after buying an additional 323,206 shares during the last quarter. Finally, Jain Global LLC acquired a new stake in Howmet Aerospace during the 4th quarter valued at approximately $63,224,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HWM shares. Royal Bank Of Canada upped their price target on shares of Howmet Aerospace from $325.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday. Weiss Ratings lowered shares of Howmet Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. Citigroup boosted their price objective on shares of Howmet Aerospace from $303.00 to $311.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. BTIG Research upped their target price on shares of Howmet Aerospace from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, TD Cowen raised their target price on shares of Howmet Aerospace from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Sixteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $304.28.

View Our Latest Stock Analysis on HWM

About Howmet Aerospace

(Get Free Report)

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.