HWM
FY2026 Q1 · Calendar Q2 2026
Howmet Aerospace Inc.
Howmet Aerospace entered FY2026 with strong momentum, posting a Q1 revenue beat of 3.3% and an EPS surprise of 9.9% driven by record engine-spares demand, a 39% surge in gas-turbine revenue, and disciplined cost management. The company completed two strategic fastener acquisitions (CAM at $1.8B and Brunner at $120M), divested its Savannah disk-forging operation, and earned a Fitch upgrade to A-. Management raised full-year organic growth guidance to 14% and set a $9.65B revenue target. The stock jumped 6.3% on the report but has since drifted down 7.6%, trading at $286.04 against a consensus target of $299.18. The pullback suggests the market is weighing whether the raised guidance and acquisition integration can sustain the growth trajectory amid geopolitical and macro headwinds.
EPS surprise+9.9%
Market move+6.3%
