HWM
Howmet AerospacePrevious close
199.22
Change
−6.72 / −3.26%
P/E (TTM) ?
43.9
Market Cap
$79.9B
1M
−11.92%
S&P 500 −0.91% over same period
Volume / Avg Volume
3.7M / 5.1M
0.74× average
Latest earnings analysisFY2026 Q2Reported 2026-08-06
Howmet Q2 2026: revenue up 24%, adjusted EPS $1.33 beats, guidance raised
Howmet beat on both revenue and profit and raised full-year guidance, so the quarter reads Bullish on the numbers alone. Revenue of $2.547 billion rose 24.0% year over year, or 21.0% organically, adjusted EBITDA margin expanded to 32.1%, and $0.48 billion of free cash flow funded $0.30 billion of buybacks. The catch: growth leans on aerospace and gas turbines while trucks are only starting to recover, and debt rose to pay for CAM.
Read the full analysis →Revenue$2.55BYoY +24.10%
EPS (non-GAAP)$1.33Beatest. $1.26
Next-quarter revenue guidance$2.58B ±0.4%YoY +1.10%
Next-day move−2.71%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q2 Quarter ended 2026-06 | 2026-08-06 | $2.5B | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-05-07 | $2.3B | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-02-12 | $8.3B | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-10-30 | $2.1B | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-07-31 | $2.1B | Pending |
| FY2025 Q1 Quarter ended 2025-03 | 2025-05-01 | $1.9B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 38 of its 5-year rangeMid-range
5-year range 35.0 – 66.7 · Median 47.5
Last 4 quarters: $1.3B in buybacks + $0 in dividends, 1.63% of market cap combined
P/E (TTM)
43.9
P/B
14.3
P/S
9.0
Dividend Yield
0.38%
Earnings Reaction
Over the last 6 reports, the stock moved ±2.4% on average on the first trading day after, rising 4 times
Most recent −2.71%
Volatility & Correlation
1-year beta 1.02 · Correlation with S&P 500 0.32Tracks the market
Annualized volatility 39% vs. 12% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
No open-market buys or sells by officers or directors in the last 90 days.
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q3 | 2.70 | +29.4% | — | 0.57 | 1.42 |
| FY2026 Q2 | 2.55 | +24.1% | — | 0.53 | 1.33 |
| FY2026 Q1 | 2.31 | +19.1% | — | 0.58 | 1.44 |
| FY2025 Q4 | 2.17 | +14.6% | — | 0.37 | 0.92 |
| FY2025 Q3 | 2.09 | +13.8% | — | 0.39 | 0.95 |
| FY2025 Q2 | 2.05 | +9.2% | — | 0.41 | 1.00 |
| FY2025 Q1 | 1.94 | +6.5% | — | 0.34 | 0.84 |
| FY2024 Q4 | 1.89 | +9.2% | — | 0.31 | 0.76 |
| FY2024 Q3 | 1.84 | +10.7% | — | 0.33 | 0.81 |
| FY2024 Q2 | 1.88 | +14.1% | — | 0.27 | 0.65 |
| FY2024 Q1 | 1.82 | +13.8% | — | 0.24 | 0.59 |
| FY2023 Q4 | 1.73 | +14.4% | — | 0.24 | 0.57 |