Howmet Aerospace (HWM) Q3 2026 Earnings Call: Guidance and Outlook
The company provided specific guidance for the fourth quarter of 2026 and raised its full-year 2026 outlook across all key financial metrics. Additionally, management introduced an initial growth outlook for 2027.
About Howmet Aerospace. , is a global leader in providing sophisticated engineered solutions. The company caters to the aerospace and transportation sectors across a wide international footprint, including key markets such as the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, and China.
Approximately $2.75 billion, plus or minus $10 million.
EBITDA
$900 million, plus or minus $5 million.
EPS
$1.50, plus or minus $0.01.
Annual guidance
Revenue
$10.3 billion, plus or minus $10 million.
EBITDA
$3.33 billion, plus or minus $5 million.
EPS
$5.50, plus or minus $0.01.
Free Cash Flow
$2 billion, plus or minus $50 million.
Outlook
Commercial Aerospace
Flight schedules and load factors remain healthy, and spares demand is expected to be robust throughout 2027 due to engine shop visits and aircraft underbuilds.
Defense Aerospace
Demand is strong for legacy aircraft spares and missile parts, though the company is awaiting final budget definitization for 2027.
Industrial Gas Turbines
Demand is accelerating, with 2031 and 2032 order books largely sold out, and the company expects to double sales from 2025 levels within three years.
Commercial Transportation
The North American market is recovering, with production volumes climbing and expected to remain supportive into 2027.
Capital Expenditure
The company plans to maintain a high level of capital expenditure into 2028 to support capacity expansion, backed by long-term customer contracts.
Share Buybacks
The board increased the share buyback authorization by an additional $5 billion.
Dombey's summary of the Howmet Aerospace Q3 2026 earnings call held Oct 29, 2026, written from the call itself. Every figure on this page was checked against what was said on the call, and quoted lines are management's own words; we do not add estimates or prices. The tone score is our read of management's wording, guidance and answers. Check figures against the company's SEC filings before acting. This is research, not investment advice.
