Howmet Aerospace Crushes Q2 Estimates, Raises Full-Year Outlook
HWM sits 78% above its 52-week low of $169.45.
Summary
Howmet Aerospace posted Q2 2026 revenue of $2.55B (+24% YoY) and adjusted EPS of $1.33, beating consensus. Full-year guidance was raised, and the company deployed $300M for buybacks while hiking the dividend 17%.
Key Events · Earnings and Guidance · HWM
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Q2 Revenue and EPS Beat
Revenue of $2.55B (+24% YoY) exceeded the $2.43B consensus; adjusted EPS of $1.33 beat the $1.25 estimate.
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Full-Year Guidance Raised
FY2026 revenue guidance increased to $10.0B-$10.1B, adjusted EPS to $5.23-$5.31, and free cash flow to $1.85B-$1.95B.
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Strong Cash Generation and Capital Returns
Generated $479M in free cash flow in Q2; repurchased $300M of stock at an average price of $250.61, and increased the quarterly dividend 17% to $0.14 per share.
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Broad-Based Market Growth
Commercial aerospace revenue grew 28%, defense aerospace 11%, and gas turbines 38%, with all major markets in growth mode.
Analysis · HWM · Manufacturing
A standout quarter saw revenue jump 24% year-over-year to $2.55 billion, while adjusted EPS reached $1.33—both comfortably ahead of analyst forecasts. Reflecting that momentum, management lifted its full-year 2026 targets across the board, now calling for revenue of $10.0–$10.1 billion and adjusted EPS of $5.23–$5.31. Robust cash generation enabled $300 million in share repurchases during the quarter and a 17% dividend increase, signaling deep confidence in sustained growth across commercial aerospace, defense, and gas turbine markets.
How filings like this one have moved
In the 30 days to Sep 15, 2026, 40.7% of the 388 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.42%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, HWM was trading at $302.00 on NYSE in the Manufacturing sector, with a market capitalization of approximately $116.6B. The 52-week trading range was $169.45 to $295.28. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.