FinDog Earnings CheckupEarnings release 10-29 · 10-Q 10-29Data from SEC filings

Howmet Aerospace Q3 2026: revenue up 29.0%, EPS $1.42, guidance raised

Revenue of $2.70 billion and adjusted EPS of $1.46 both cleared the $1.38 consensus, and management raised full-year revenue guidance to $10.29–$10.31 billion while pointing to roughly $11.5 billion for 2027. The engine is volume: all four end markets grew, with gas turbines up 45.0%. Read the scorecard for the growth math, the guidance section for a four-quarter beat pattern, and the balance sheet for acquisition-funded debt.

1 · Expected vs. Actual

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EPS (non-GAAP)

Beat

$1.46

Est. $1.38 · +5.7%

GAAP EPS was $1.42 versus $0.95, and adjusted EPS of $1.46 beat the $1.38 consensus by about $0.08. Operating income of $777 million carried a 28.7% margin, up from 25.9%, and adjusted EBITDA margin reached 32.5%, up 310 basis points. The gap between GAAP and adjusted is thin this quarter: $7 million of acquisition costs and $2 million of restructuring before tax.

Revenue

$2.70B

No consensus · YoY +29.4%

Sales of $2.70 billion were up 29.0% from $2.09 billion a year earlier, and 25.0% of that was organic, so deals are not doing the work. Every end market grew: commercial aerospace 32.0%, defense aerospace 10.0%, gas turbines 45.0% and commercial transportation 28.0%. Engine Products, at $1.45 billion of the total, grew 33.0% with segment margin up 580 basis points to 39.1%.

Next-quarter revenue guidance

Below estimates

$2.75B ±0.36%

Est. $2.76B · −0.5%

Fourth-quarter revenue is guided to $2.74–$2.76 billion around a $2.75 billion baseline, a $250 million baseline raise, with full-year revenue of $10.29–$10.31 billion. Full-year adjusted EPS is guided to $5.49–$5.51 and free cash flow to $1.95–$2.05 billion. Management also put 2027 revenue at approximately $11.5 billion, roughly 12.0% above the raised 2026 figure.

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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03

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