Howmet Aerospace (HWM) Earnings Date & Reports

Key Takeaways

• Howmet Aerospace (HWM) is expected to report third-quarter 2026 results in late October 2026, before the market opens.
• Management has guided third-quarter adjusted EPS (earnings per share) to $1.34–$1.36 and revenue to $2.565–$2.585 billion, above earlier consensus expectations.
• Analysts have since raised estimates, with consensus now near $1.36 per share on roughly $2.58 billion in revenue.
• The comparison is demanding but achievable: in third-quarter 2025, Howmet reported adjusted EPS of $0.95 on revenue of $2.09 billion.
• Second-quarter 2026 set a strong precedent, with revenue up 24% and adjusted EPS up 46% year over year.
• Key watch items include adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) margin, free cash flow, and demand across commercial aerospace and gas turbines.

Earnings Context and Why It Matters

Howmet Aerospace is a leading supplier of advanced engineered components for aerospace and transportation markets, including jet engine parts, precision fasteners, and forged aluminum wheels. Its quarterly results offer a direct read-through on commercial aircraft build rates, engine aftermarket demand, and industrial gas turbine activity. After second-quarter 2026 delivered 24% revenue growth and record margin expansion, third-quarter guidance implies continued momentum. Investors are watching closely whether aerospace and power-generation demand can sustain that pace, and whether margins and cash generation stay on track amid rising capital expenditures and the integration of the CAM fastener acquisition completed in April 2026.

Earnings Expectations

For the third quarter of 2026, Howmet Aerospace guided revenue to a range of $2.565–$2.585 billion, adjusted EBITDA to $825–$835 million, and adjusted EPS to $1.34–$1.36. That guidance, issued alongside second-quarter results in August 2026, landed above the consensus estimate of roughly $1.26 at the time, prompting analysts to lift their forecasts.

Heading into the report, consensus estimates sit near $1.36 in adjusted EPS on about $2.58 billion in revenue. The year-over-year comparison is steep but favorable: in third-quarter 2025, Howmet posted adjusted EPS of $0.95 on revenue of $2.09 billion, meaning current guidance implies roughly 40% earnings growth at the midpoint.

Investors will also focus on adjusted EBITDA margin, which reached 32.1% in the second quarter of 2026 (up approximately 340 basis points, or 3.4 percentage points, year over year), and on free cash flow, with full-year 2026 guidance set at $1.85–$1.95 billion. Segment-level detail across Engine Products, Fastening Systems, Forged Wheels, and Engineered Structures will help gauge the breadth of demand.

AI Screener

Tickeron’s AI Screener is an AI-powered stock and ETF discovery tool that helps traders and investors filter the market based on technical patterns, fundamentals, trends, volatility, and AI-driven signals. Users can scan thousands of stocks and ETFs using customizable filters such as industry, market capitalization, technical indicators, price patterns, and performance metrics. The screener is designed to help identify trade ideas, trending stocks, breakout candidates, and market opportunities more efficiently than manual screening. For investors tracking aerospace and industrial names like Howmet Aerospace, the AI Screener can help surface comparable setups and emerging opportunities across the sector.

Market Reaction and Investor Sentiment

Howmet Aerospace has a track record of beating consensus estimates, delivering positive earnings surprises in each of the past several quarters. Sentiment heading into the third-quarter report remains constructive, supported by strong commercial aerospace build rates, record order backlogs, and what management has described as "extraordinary" gas turbine demand.

Still, the setup carries risk. Following its second-quarter 2026 report, the stock experienced a notable post-earnings drift, a reminder that even strong results can be met with elevated expectations. Because the company’s own guidance was set above the then-current consensus, a simple in-line result may not satisfy a market that has already priced in robust growth. Valuation, margin sustainability, and commentary on capital spending will be closely scrutinized.

Forward Outlook and Key Factors to Monitor

Beyond the third-quarter headline, investors should watch whether management reaffirms or adjusts its full-year 2026 outlook. Current guidance calls for revenue of $10.00–$10.10 billion, adjusted EBITDA of $3.21–$3.25 billion, adjusted EPS of $5.23–$5.31, and free cash flow of $1.85–$1.95 billion.

Capital expenditure is a key theme. Management has signaled that spending requirements are rising and may increase further in 2027 to support organic growth in both aerospace and gas turbines. The pace and scale of that investment will shape how investors view future cash flow and free cash flow conversion.

The integration of the CAM fastener acquisition is another area to track, alongside debt actions that management expects to reduce annualized interest expense by about $12 million. On the demand side, commercial aircraft production rates, engine spares activity, defense programs, and the early recovery in commercial transportation volumes will all influence the growth trajectory. Balanced against these positives, any softening in build rates or power-generation orders would be the primary downside to monitor.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.

Disclaimers and Limitations