Howmet Aerospace's Q1 revenue beats estimates

Howmet Aerospace

07/05/2026 12:11

Overview

US aerospace components maker's Q1 revenue rose 19% yr/yr, beating analyst expectations

Adjusted EPS for Q1 rose 42% yr/yr to $1.22

Company repurchased $300 mln of common stock in Q1

Outlook

Howmet Aerospace raises FY 2026 revenue guidance to $9.575 bln-$9.725 bln

Company expects FY 2026 adj EPS of $4.88-$5.00

Result Drivers

COMMERCIAL AEROSPACE DEMAND - 20% revenue growth in commercial aerospace market was a key driver of overall results

GAS TURBINES GROWTH - 39% revenue growth in gas turbines market contributed significantly to overall performance

COST REDUCTIONS IN FORGED WHEELS - Cost reductions, including lower net headcount, offset lower commercial transportation volumes and supported margin expansion

Company press release: ID:nPnbJpBtpa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$2.31 bln
$2.24 bln (19 Analysts)
Q1 Adjusted EPS
$1.22
Q1 EPS
$1.44
Q1 Net Income
$580 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the aerospace & defense peer group is "buy"

Wall Street's median 12-month price target for Howmet Aerospace Inc is $280.00, about 9.2% above its May 6 closing price of $256.43

The stock recently traded at 52 times the next 12-month earnings vs. a P/E of 47 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)