Howmet Aerospace's second quarter revenue grew 24% to $2.55 billion, beating estimates and leading to a raised full-year 2026 outlook.

Howmet Aerospace reported second quarter 2026 revenue of $2.55 billion, a 24% year-over-year increase, and adjusted EPS of $1.33, up 46% from the prior year. The results surpassed analyst expectations for both revenue and earnings, driven by strong growth in aerospace and gas turbine markets. The company raised its full-year 2026 guidance and increased its quarterly dividend.

Key Highlights

• Revenue increased 24% YoY to $2.55 billion, with organic growth of 21%, driven by commercial aerospace (up 28%), defense aerospace (up 11%), and gas turbines (up 38%).
• The Engine Products segment was a key driver, with revenue climbing 32% to $1.37 billion and its adjusted EBITDA margin expanding 470 basis points to 37.7%.
• Howmet raised its full-year 2026 guidance, with the baseline for revenue now at $10.05 billion (up from a previous baseline of $9.65B) and adjusted EPS at $5.27 (up from $4.94).
• The company generated $479 million in free cash flow, repurchased $300 million of its stock, and increased its quarterly dividend by 17% to $0.14 per share.