Earnings Releases·Oct 29, 2026, 7:05 AM ET

Howmet Aerospace — Third Quarter 2026 Earnings Summary

Q3 2026 revenue reached $2,703 million (up 29% YoY) and GAAP EPS was $1.42 (up 49% YoY), with management citing the strongest quarterly growth rate on record and results exceeding the high end of prior guidance.
Full-year 2026 guidance was raised across all metrics: revenue baseline to $10,300 million, Adjusted EBITDA to $3,330 million, Adjusted EPS to $5.50, and Free Cash Flow to $2,000 million; 2027 revenue is projected at approximately $11.5 billion.
The Board authorized a $5 billion increase to the share repurchase program (total authorization $5.397 billion), following $500 million in Q3 buybacks and a 17% dividend increase to $0.14 per share.
Strategic activity included the absorption of 520 net headcount in Engine Products, acquisitions of CAM and Brunner, and the divestiture of the Savannah disk forging facility, while elevated capital expenditures are anticipated beyond 2027.