Howmet Aerospace posts record Q3 results, raises 2026 outlook and adds $5 bn to share‑buyback program
Howmet Aerospace reported third‑quarter 2026 revenue of $2.7 billion, up about 29% year‑over‑year, and adjusted EPS of $1.46, beating estimates. The company repurchased $500 million of stock in the quarter and the board approved an additional $5 billion share‑repurchase authorization. It also lifted its full‑year 2026 revenue and free‑cash‑flow guidance and set a 2027 revenue target of roughly $11.5 billion.
Why it matters
The higher guidance expands the revenue outlook for FY2026 and adds a sizable cash‑return tool, which could support the stock price and dividend growth. The $5 bn buyback authorization gives the board flexibility to return excess cash to shareholders if cash generation remains strong.
Key facts
- 1Q3 2026 revenue was $2.7 billion, a 29.4% year‑over‑year increase, beating the $2.59 billion estimate. stockstory.org
- 2Adjusted EPS for the quarter was $1.46, versus the $1.37 estimate. stockstory.org
- 3GAAP diluted EPS for the quarter was $1.42. stockstory.org
- 4The company repurchased $500 million of common stock during the quarter. stockstory.org
- 5The board approved an additional $5 billion share‑repurchase authorization. stockstory.org
- 6Free cash flow for the quarter was $562 million. finance.yahoo.com
Summary written by AlphAI AI Desk from 18 of 19 sources. Not investment advice. Figures are as stated by the linked sources.