Howmet Aerospace (HWM) Q3 FY2026 earnings: revenue $2.7 billion, up 29.4% on the year

Howmet Aerospace Inc. (HWM) announced its results for Q3 FY2026, the quarter ended 30 September 2026, on 29 October 2026. Revenue was $2.7 billion, up 29.4% on the same quarter a year earlier. Net income was $567 million, up 47.3% on the year, and diluted earnings per share $1.42. The figures are from the company's earnings press release; the 10-Q with the full statements is not filed yet, and this page fills in when it is.

Revenue$2.7 billionup 29.4%

Net income$567 millionup 47.3%

Diluted EPS$1.42$0.95 a year earlier

QuarterQ3 FY2026ended 30 September 2026

What management said

Guidance figures: 5 raised, 4 new.

Revenue growth was a quarterly record: Revenue rose 29% to $2.70 billion, with 25% organic growth. Management described it as the strongest quarterly growth rate on record for Howmet.
Engine Products margin reached 39.1%: Engine Products revenue was $1.45 billion, up 33%. Segment adjusted EBITDA was $567 million, up 57%, with margin up about 580 basis points.
Commercial aerospace backlog supports output: Management described the commercial aerospace market as robust, citing an extraordinary aircraft order backlog that supports expected production increases through 2027 and beyond.

Read the earnings call summary

The quarter, against the one before and a year earlier

Line	Q3 FY2026	Q2 FY2026	Q3 FY2025	Change on the year
Revenue	2,703	2,547	2,089	+29.4%
Net income	567	534	385	+47.3%
Diluted EPS	$1.42	$1.33	$0.95	+49.5%

$ million except per share.

Q3 FY2026 is from the company's press release of 29 October 2026; the other columns are from its 10-Q and 10-K filings. A release figure is shown when the release's own figure for an earlier quarter matches the filed one, so the line and its units are read right.

Quarterly results, the last 20 quarters filed

	Q3 FY2021	Q4 FY2021 * †	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	1,283	1,285	1,324	1,393	1,433	1,513	1,603	1,648	1,658	1,731	1,824	1,880	1,835	1,891	1,942	2,053	2,089	2,168	2,313	2,547
Cost of revenue	928	938	950	987	1,056	1,110	1,164	1,196	1,183	1,230	1,290	1,287	1,253	1,289	1,290	1,365	1,365	1,412	1,459	1,596
Gross profit	355	347	374	406	377	403	439	452	475	501	534	593	582	602	652	688	724	756	854	951
Gross margin	28%	27%	28%	29%	26%	27%	27%	27%	29%	29%	29%	32%	32%	32%	34%	34%	35%	35%	37%	37%
R&D	4.0	4.0	7.0	9.0	7.0	9.0	9.0	9.0	9.0	9.0	10.0	7.0	9.0	7.0	8.0	9.0	10.0	10.0	9.0	8.0
SG&A	70.0	61.0	69.0	83.0	73.0	63.0	75.0	88.0	87.0	83.0	88.0	97.0	85.0	77.0	85.0	89.0	100	96.0	111	148
Operating income	205	147	230	241	228	220	285	285	307	326	369	398	421	445	494	521	542	489	753	711
Operating margin	16%	11%	17%	17%	16%	15%	18%	17%	19%	19%	20%	21%	23%	24%	25%	25%	26%	23%	33%	28%
Interest expense	63.0	58.0	58.0	57.0	57.0	57.0	57.0	55.0	54.0	52.0	49.0	49.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Pre-tax income	23.0	78.0	171	183	104	148	220	243	242	270	303	334	354	392	446	469	495	430	708	649
Tax rate	-17%	1%	23%	20%	23%	25%	33%	21%	22%	13%	20%	20%	6%	20%	23%	13%	22%	13%	18%	18%
Net income	27.0	77.0	131	147	80.0	111	148	193	188	236	243	266	332	314	344	407	385	372	580	534
Net margin	2%	6%	10%	11%	6%	7%	9%	12%	11%	14%	13%	14%	18%	17%	18%	20%	18%	17%	25%	21%
Diluted EPS	$0.06	$0.18	$0.31	$0.35	$0.19	$0.26	$0.35	$0.46	$0.45	$0.57	$0.59	$0.65	$0.81	$0.77	$0.84	$1.00	$0.95	$0.92	$1.44	$1.33
Operating cash flow	67.0	303	55.0	158	65.0	455	23.0	229	191	458	177	397	244	480	253	446	531	654	453	583
Capital expenditure	47.0	61.0	62.0	44.0	42.0	45.0	64.0	41.0	59.0	55.0	82.0	55.0	82.0	102	119	102	108	124	94.0	104
Free cash flow	20.0	242	-7.0	114	23.0	410	-41.0	188	132	403	95.0	342	162	378	134	344	423	530	359	479
Buybacks	25.0	205	175	60.0	100	65.0	25.0	100	25.0	100	150	60.0	100	190	125	175	200	200	300	300
Dividends paid	10.0	8.0	9.0	9.0	9.0	17.0	17.0	18.0	17.0	21.0	21.0	21.0	34.0	33.0	42.0	41.0	48.0	50.0	48.0	49.0
Shares outstanding	428m	422m	418m	416m	414m	412m	412m	412m	412m	410m	408m	408m	407m	405m	404m	404m	403m	402m	401m	400m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Earnings press release for the quarter ended 30 September 2026, filed with the SEC on 29 October 2026 with a Form 8-K: the release.