Howmet Aerospace — Third Quarter 2026 Earnings Summary

Howmet Aerospace reported third-quarter 2026 revenue of $2.703 billion, representing a 29% year-over-year increase driven by strong growth across commercial aerospace, defense, gas turbines, and commercial transportation markets. The company achieved an adjusted earnings per share of $1.46 and generated $562 million in free cash flow, which supported $500 million in common stock repurchases during the quarter. On October 28, 2026, the Board of Directors authorized an additional $5 billion share repurchase program, bringing the total authorization to $5.397 billion, while also increasing the quarterly dividend by 17% to $0.14 per share. Full-year 2026 guidance was raised, and the company provided a 2027 revenue outlook of approximately $11.5 billion, reflecting an expected 12% year-over-year growth.