Howmet Aerospace stock in focus after Q3 beat and outlook lift

Published on 10/30/2026 at 16:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Howmet Aerospace stock traded lower in Frankfurt on Friday after the company reported strong third-quarter growth and raised its outlook. A larger buyback adds to the shareholder-return story.

Howmet's Q3 growth broadens

Third-quarter revenue increased 29% year over year, with organic growth of 25%.
Management raised the 2026 baseline outlook and sees 2027 revenue of approximately 11.5 billion US dollars.
The board added 5 billion US dollars to the share repurchase authorization.

Howmet Aerospace, US4432011082, Illustration mit AI erstellt.

Howmet Aerospace reported its third-quarter 2026 results on Thursday, October 29, with revenue growth across its main markets and higher full-year guidance. The company's release said revenue rose 29% year over year to 2.703 billion US dollars, while organic growth reached 25%.

Adjusted earnings per share increased 54% to 1.46 US dollars, and adjusted EBITDA rose 43% to 879 million US dollars. Adjusted EBITDA margin expanded 310 basis points to 32.5%, while free cash flow reached 562 million US dollars after capital spending of 147 million US dollars, according to Howmet Aerospace.

Guidance points to continued expansion

Commercial aerospace revenue grew 32% and gas turbine revenue advanced 45%. Engine Products revenue increased 33% to 1.451 billion US dollars, while Fastening Systems revenue rose 41% to 630 million US dollars. Engineered Structures revenue fell 4% to 295 million US dollars, mainly because of the Savannah disk forging divestiture; excluding that effect, revenue grew 8%.

Howmet set its fourth-quarter revenue baseline at 2.750 billion US dollars and its full-year 2026 baseline at 10.300 billion US dollars, a 250 million US dollar increase in the baseline. Full-year adjusted EPS guidance was raised to 5.50 US dollars, and free cash flow guidance to 2.000 billion US dollars. For 2027, management expects revenue of approximately 11.5 billion US dollars.

Capital returns remain in focus

The board authorized an additional 5 billion US dollars for share repurchases on October 28, bringing total authorization to 5.397 billion US dollars. Howmet repurchased 500 million US dollars of stock in the quarter and 1.1 billion US dollars year to date. The quarterly dividend was also increased 17% to 0.14 US dollars per share.

Howmet Aerospace stock traded at 180.80 euros on Lang & Schwarz at 16:35 CET on Friday, October 30, 2026, 2.67 percent below the Xetra close of Thursday, October 29. For investors, the key issue is whether aerospace demand and gas turbine market-share gains can support the elevated investment and return plans.

For the real-time quote of Howmet Aerospace stock, market participants will continue to watch execution against the upgraded targets.

US equities remain the relevant market backdrop for Howmet Aerospace, with the S&P 500 providing the broad benchmark.

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