Howmet Aerospace Inc. (HWM) Earnings Call Transcripts
Howmet Aerospace Inc.'s Latest Earnings Call - Q2 FY2026
In the second quarter of fiscal year 2026, Howmet Aerospace reported a robust revenue growth of 24% year-over-year, reaching $2.75 billion, while earnings per share (EPS) increased by 46% to $1.33. The company also raised its full-year guidance, now projecting revenue of $10.05 billion and EPS of $5.27, reflecting increased confidence in future demand across its segments. The strong performance was bolstered by significant growth in commercial aerospace and gas turbine markets, alongside effective capital management strategies including share buybacks and debt reduction.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $2.75B (beat) |
| EPS | $1.33 (beat) |
| EBITDA Margin | 32.1% (positive) |
| Free Cash Flow | $479M (beat) |
| Total Debt Retired | $186M (positive) |
| Capital Expenditure | $104M (null) |
Guidance from management
Management raised its full-year guidance to revenue of $10.05 billion and EPS of $5.27, reflecting increased confidence in demand across all segments. Q3 revenue is projected at $2.75 billion, plus or minus $10 million.
What analysts pressed on
Analysts expressed concerns regarding the impact of rising aluminum costs on margins, particularly in the wheels segment. There were also inquiries about the integration timeline for the CAM acquisition and its expected synergies.
Main topics on the call
- Revenue Growth Acceleration — Howmet experienced a 24% year-over-year increase in revenue, with organic growth at 21%. CEO John Plant noted, "This was the strongest quarterly growth rate for the company since the first quarter of 2023."
- Strong EBITDA Performance — EBITDA rose by 39% year-over-year, with an EBITDA margin of 32.1%, up 340 basis points. This outpaced revenue growth, indicating strong operational efficiency.
- Increased Capital Expenditure — Management indicated that capital expenditures are expected to exceed $500 million in 2026, with further increases anticipated in 2027 to support organic growth. John Plant stated, "Our capital expenditure requirements c...
- Guidance Upgrades — Howmet raised its guidance for the full year, now expecting revenue of $10.05 billion and EPS of $5.27. This reflects a growing confidence in demand across all segments.
Read the full Howmet Aerospace Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Howmet Aerospace Inc.
Howmet Aerospace Inc. (HWM) is a publicly listed company in the Aerospace and Defense industry, within the Industrials sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 57 calls on record spanning January 27, 2020 to August 6, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 57 Howmet Aerospace Inc. earnings call transcripts on record, spanning January 27, 2020 to August 6, 2026. Based on this history, Howmet Aerospace Inc. reports quarterly. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- HWM
- Exchange
- NYSE
- Country
- US
- Sector
- Industrials
- Industry
- Aerospace and Defense
- Calls on record
- 57
- First call
- January 27, 2020
- Most recent
- August 6, 2026
- Reporting cadence
- quarterly