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Howmet Aerospace Earnings Calls
| Release date | May 07, 2026 |
| EPS estimate | $1.11 |
| EPS actual | $0.86 |
| EPS Surprise | -22.52% |
| Revenue estimate | 2.239B |
| Revenue actual | 2.313B |
| Revenue Surprise | 3.32% |
| Release date | Feb 12, 2026 |
| EPS estimate | $0.97 |
| EPS actual | $1.05 |
| EPS Surprise | 8.81% |
| Revenue estimate | 2.123B |
| Revenue actual | 2.168B |
| Revenue Surprise | 2.12% |
| Release date | Oct 30, 2025 |
| EPS estimate | $0.91 |
| EPS actual | $0.95 |
| EPS Surprise | 4.40% |
| Revenue estimate | 2.042B |
| Revenue actual | 2.089B |
| Revenue Surprise | 2.31% |
| Release date | Jul 31, 2025 |
| EPS estimate | $0.87 |
| EPS actual | $0.91 |
| EPS Surprise | 4.36% |
| Revenue estimate | 2.007B |
| Revenue actual | 2.053B |
| Revenue Surprise | 2.31% |
Last 4 Quarters for Howmet Aerospace
Below you can see how HWM performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Jul 31, 2025 |
| Price on release | $179.77 |
| EPS estimate | $0.87 |
| EPS actual | $0.91 |
| EPS surprise | 4.36% |
| Date | Price |
|---|---|
| Jul 25, 2025 | $189.52 |
| Jul 28, 2025 | $188.17 |
| Jul 29, 2025 | $189.17 |
| Jul 30, 2025 | $192.14 |
| Jul 31, 2025 | $179.77 |
| Aug 01, 2025 | $184.26 |
| Aug 04, 2025 | $181.16 |
| Aug 05, 2025 | $179.32 |
| Aug 06, 2025 | $182.06 |
| 4 days before | -5.14% |
| 4 days after | 1.27% |
| On release day | 2.50% |
| Change in period | -3.94% |
| Release date | Oct 30, 2025 |
| Price on release | $201.77 |
| EPS estimate | $0.91 |
| EPS actual | $0.95 |
| EPS surprise | 4.40% |
| Date | Price |
|---|---|
| Oct 24, 2025 | $198.51 |
| Oct 27, 2025 | $201.84 |
| Oct 28, 2025 | $201.04 |
| Oct 29, 2025 | $203.48 |
| Oct 30, 2025 | $201.77 |
| Oct 31, 2025 | $205.95 |
| Nov 03, 2025 | $206.74 |
| Nov 04, 2025 | $205.02 |
| Nov 05, 2025 | $206.31 |
| 4 days before | 1.64% |
| 4 days after | 2.25% |
| On release day | 2.07% |
| Change in period | 3.93% |
| Release date | Feb 12, 2026 |
| Price on release | $244.79 |
| EPS estimate | $0.97 |
| EPS actual | $1.05 |
| EPS surprise | 8.81% |
| Date | Price |
|---|---|
| Feb 06, 2026 | $223.16 |
| Feb 09, 2026 | $225.15 |
| Feb 10, 2026 | $224.47 |
| Feb 11, 2026 | $230.85 |
| Feb 12, 2026 | $244.79 |
| Feb 13, 2026 | $250.21 |
| Feb 17, 2026 | $252.55 |
| Feb 18, 2026 | $249.35 |
| Feb 19, 2026 | $251.30 |
| 4 days before | 9.69% |
| 4 days after | 2.66% |
| On release day | 2.21% |
| Change in period | 12.61% |
| Release date | May 07, 2026 |
| Price on release | $272.54 |
| EPS estimate | $1.11 |
| EPS actual | $0.86 |
| EPS surprise | -22.52% |
| Date | Price |
|---|---|
| May 01, 2026 | $239.56 |
| May 04, 2026 | $239.70 |
| May 05, 2026 | $242.69 |
| May 06, 2026 | $256.43 |
| May 07, 2026 | $272.54 |
| May 08, 2026 | $270.56 |
| May 11, 2026 | $273.58 |
| May 12, 2026 | $269.76 |
| May 13, 2026 | $273.10 |
| 4 days before | 13.77% |
| 4 days after | 0.205% |
| On release day | -0.726% |
| Change in period | 14.00% |
Howmet Aerospace Earnings Call Transcript Summary of Q1 2026
Howmet reported a very strong start to 2026 with Q1 sales of $2.31 billion, adjusted EBITDA of $740 million (32% margin, +320 bps YoY) and adjusted EPS of $1.22. Revenue grew 19% YoY, driven by robust demand across Commercial Aerospace (spares up 48%), Defense Aerospace, and Gas Turbines (revenue +39%). Spares now represent 23% of revenue, up from 21% in 2025 and 11% in 2019. Free cash flow was a Q1 record at $359 million, enabling $300 million of share repurchases in the quarter (plus $150 million in April) and supporting the acquisitions of Brunner and CAM (CAM funded with $1.65 billion debt issuance and proceeds from the Savannah disk sale). Net leverage stood at ~1.6x post-CAM with management expecting it to decline through 2026. Guidance: Q2 revenue ~$2.40B and EBITDA ~$765M; full-year 2026 revenue $9.65B, EBITDA $3.06B, adj. EPS $4.94 and free cash flow $1.75B. Management emphasized continued investment (CapEx elevated to support aerospace and gas turbine growth), selective M&A focus, supply-chain and rare-earth security measures, and cautious optimism around macro/ geopolitical uncertainty (Iran) while highlighting a multi-year growth opportunity in industrial gas turbines (IGT).
