Ticker Scout
← Howmet Aerospace Inc. (HWM)

Howmet Aerospace Inc. (HWM) Q2 FY2026 Financial Statements: Revenue $2.55B, Net income $534.00M

CIK 0000004281 · NYSE · Latest period: Q2 FY2026 (ended 2026-06-30, 10-Q accession 0000004281-26-000025) · Annual report: FY2025 10-K (filed 2026-02-12, accession 0000004281-26-000012) · Next expected filing: 10-Q ~2026-10-29

More for Howmet Aerospace: Company index · 10-K and 10-Q summary · 8-K filings and events

PeriodQ2 FY2026

Published

Howmet Aerospace reported $2.55 billion in revenue for Q2 FY2026, the quarter ended June 30, 2026, up 24.1% from a year earlier, as commercial aerospace, defense aerospace and gas turbine demand grew and the CAM and Brunner fastener acquisitions added sales. Net income was $534 million, up 31.2% from $407 million, and diluted earnings per share were $1.33, compared with $1.00. Engine Products, its largest segment, had third-party sales of $1.37 billion, up 32.3% from a year earlier.

MetricAmountvs. year ago
Revenue$2,547,000,000up 24.1%
Net income$534,000,000up 31.2%
Diluted EPS$1.33up 33.0%
Engine Products sales$1,373,000,000up 32.3%

Figures link to the filing they came from. Wherever the SEC filing tags a number, that number is linked: click it and the filing opens at the exact line that prints it. Figures calculated here, such as margins, free cash flow and trailing-twelve-month totals, have no line in a filing to point to and are not linked.

About this file

TickerHWM
CIK0000004281
CompanyHowmet Aerospace Inc.
Business typeindustrial
Schema templatestandard industrial (revenue / operating income / net income; balance sheet; cash flow; segment results)
Schema rationaleHowmet is a manufacturer of engineered aerospace and transportation components, so a standard industrial layout fits. No gross profit line is reported: Howmet's income statement presents cost of goods sold exclusive of depreciation, amortization and other operating expenses, and does not print a gross profit subtotal. Segment results use the company's own segment measure, Segment Adjusted EBITDA.
Reporting currencyUSD
Converted to USDno
Unitsactual U.S. dollars (not millions); per-share amounts in dollars; share counts in actual shares
Fiscal calendar noteHowmet's fiscal year is the calendar year (ends December 31). Q2 2026 is the three months ended June 30, 2026.

HWM annual income statement, balance sheet and cash flow

FY2025FY2024FY2023
Fiscal year202520242023
LabelFY2025FY2024FY2023
Period start2025-01-012024-01-012023-01-01
Period end2025-12-312024-12-312023-12-31
Period typefiscal yearfiscal yearfiscal year
Source accession10-K10-K10-K
Source form10-K filed 2026-02-1210-K filed 2026-02-1210-K filed 2026-02-12
Income statement
Revenue8,252,000,0007,430,000,0006,640,000,000
Cost of goods sold5,432,000,0005,119,000,0004,773,000,000
Selling general administrative and other expenses370,000,000347,000,000333,000,000
Research and development expenses37,000,00033,000,00036,000,000
Depreciation and amortization283,000,000277,000,000272,000,000
Restructuring and other charges84,000,00021,000,00023,000,000
Operating income2,046,000,0001,633,000,0001,203,000,000
Loss on debt redemption15,000,0006,000,0002,000,000
Interest expense net151,000,000182,000,000218,000,000
Other expense net40,000,00062,000,0008,000,000
Income before income taxes1,840,000,0001,383,000,000975,000,000
Provision for income taxes332,000,000228,000,000210,000,000
Net income1,508,000,0001,155,000,000765,000,000
Net income attributable to common shareholders1,506,000,0001,153,000,000763,000,000
Basic EPS3.732.831.85
Diluted EPS3.712.811.83
Basic shares404,000,000408,000,000412,000,000
Diluted shares406,000,000410,000,000416,000,000
Dividends declared per common share0.440.260.17
Balance sheet
Cash and cash equivalents742,000,000564,000,000
Receivables from customers779,000,000689,000,000
Inventories1,849,000,0001,840,000,000
Total current assets3,779,000,0003,362,000,000
Properties plants and equipment net2,593,000,0002,386,000,000
Goodwill4,022,000,0004,010,000,000
Intangibles net457,000,000475,000,000
Total assets11,179,000,00010,519,000,000
Accounts payable trade845,000,000948,000,000
Deferred revenue147,000,00060,000,000
Long term debt due within one year191,000,0006,000,000
Total current liabilities1,771,000,0001,549,000,000
Long term debt less amount due within one year2,859,000,0003,309,000,000
Accrued pension benefits546,000,000625,000,000
Total liabilities5,826,000,0005,965,000,000
Preferred stock055,000,000
Total equity5,353,000,0004,554,000,000
Total liabilities and equity11,179,000,00010,519,000,000
Total debt3,050,000,0003,315,000,000
Cash flow
Depreciation and amortization283,000,000277,000,000272,000,000
Stock based compensation73,000,00063,000,00050,000,000
Operating cash flow1,884,000,0001,298,000,000901,000,000
Additions to debt500,000,000500,000,000400,000,000
Repurchases and payments on debt-765,000,000-865,000,000-876,000,000
Repurchases of common stock-700,000,000-500,000,000-250,000,000
Dividends paid-181,000,000-109,000,000-73,000,000
Redemption of preferred stock-55,000,00000
Financing cash flow-1,269,000,000-1,026,000,000-868,000,000
Capital expenditures-453,000,000-321,000,000-219,000,000
Acquisitions net of cash acquired0-5,000,0000
Proceeds from sale of assets and businesses9,000,0009,000,0002,000,000
Investing cash flow-438,000,000-316,000,000-215,000,000
Net change in cash and restricted cash178,000,000-45,000,000-182,000,000
Free cash flow1,431,000,000977,000,000682,000,000
Segment results
Engine products
Third party sales4,320,000,0003,735,000,0003,266,000,000
Segment adjusted EBITDA1,438,000,0001,150,000,000887,000,000
Fastening systems
Third party sales1,745,000,0001,576,000,0001,349,000,000
Segment adjusted EBITDA530,000,000406,000,000278,000,000
Engineered structures
Third party sales1,148,000,0001,065,000,000878,000,000
Segment adjusted EBITDA243,000,000166,000,000113,000,000
Forged wheels
Third party sales1,039,000,0001,054,000,0001,147,000,000
Segment adjusted EBITDA296,000,000287,000,000309,000,000
Total segment
Third party sales8,252,000,0007,430,000,0006,640,000,000
Segment adjusted EBITDA2,507,000,0002,009,000,0001,587,000,000

HWM quarterly income statement, balance sheet and cash flow

Q2 2026Q2 2025
Fiscal year20262025
Fiscal quarter22
LabelQ2 2026Q2 2025
Period start2026-04-012025-04-01
Period end2026-06-302025-06-30
Period typethree monthsthree months
Source accession10-Q10-Q
Source form10-Q filed 2026-08-0610-Q filed 2026-08-06 (prior-year comparative column)
Cash flow source accession0001104659-26-0916100001104659-26-091610
Cash flow source form8-K filed 2026-08-06 (Exhibit 99.1 earnings release)8-K filed 2026-08-06 (Exhibit 99.1 earnings release)
Income statement
Revenue2,547,000,0002,053,000,000
Cost of goods sold1,596,000,0001,365,000,000
Selling general administrative and other expenses148,000,00089,000,000
Research and development expenses8,000,0009,000,000
Depreciation and amortization84,000,00069,000,000
Restructuring and other charges00
Operating income711,000,000521,000,000
Interest expense net51,000,00038,000,000
Other expense net11,000,00014,000,000
Income before income taxes649,000,000469,000,000
Provision for income taxes115,000,00062,000,000
Net income534,000,000407,000,000
Net income attributable to common shareholders534,000,000407,000,000
Basic EPS1.331.01
Diluted EPS1.331
Basic shares400,000,000404,000,000
Diluted shares402,000,000406,000,000
Dividends declared per common share0.120.1
Balance sheet
Cash and cash equivalents563,000,000
Receivables from customers1,040,000,000
Inventories2,183,000,000
Total current assets4,193,000,000
Properties plants and equipment net2,817,000,000
Goodwill5,084,000,000
Intangibles net869,000,000
Total assets13,251,000,000
Accounts payable trade1,149,000,000
Deferred revenue119,000,000
Long term debt due within one year1,000,000
Short term borrowings450,000,000
Total current liabilities2,306,000,000
Long term debt less amount due within one year4,050,000,000
Accrued pension benefits511,000,000
Total liabilities7,519,000,000
Total equity5,732,000,000
Total liabilities and equity13,251,000,000
Total debt4,501,000,000
Cash flow
Operating cash flow583,000,000446,000,000
Free cash flow479,000,000344,000,000
Capital expenditures-104,000,000-102,000,000
Financing cash flow-541,000,000
Investing cash flow-1,914,000,000
Segment results
Engine products
Third party sales1,373,000,0001,038,000,000
Segment adjusted EBITDA517,000,000343,000,000
Fastening systems
Third party sales589,000,000431,000,000
Segment adjusted EBITDA177,000,000126,000,000
Engineered structures
Third party sales269,000,000308,000,000
Segment adjusted EBITDA64,000,00068,000,000
Forged wheels
Third party sales316,000,000276,000,000
Segment adjusted EBITDA88,000,00076,000,000
Total segment
Third party sales2,547,000,0002,053,000,000
Segment adjusted EBITDA846,000,000613,000,000

HWM year-to-date income statement and cash flow

Six months ended June 30, 2026
LabelSix months ended June 30, 2026
Period start2026-01-01
Period end2026-06-30
Period typesix months
Source accession10-Q
Source form10-Q filed 2026-08-06
Income statement
Revenue4,860,000,000
Cost of goods sold3,055,000,000
Selling general administrative and other expenses259,000,000
Research and development expenses17,000,000
Depreciation and amortization158,000,000
Restructuring and other charges-93,000,000
Operating income1,464,000,000
Interest expense net94,000,000
Other expense net13,000,000
Income before income taxes1,357,000,000
Provision for income taxes243,000,000
Net income1,114,000,000
Net income attributable to common shareholders1,114,000,000
Basic EPS2.78
Diluted EPS2.77
Basic shares400,000,000
Diluted shares402,000,000
Dividends declared per common share0.24
Cash flow
Depreciation and amortization158,000,000
Stock based compensation57,000,000
Operating cash flow1,036,000,000
Net change in commercial paper450,000,000
Additions to debt1,200,000,000
Repurchases and payments on debt-186,000,000
Repurchases of common stock-600,000,000
Dividends paid-97,000,000
Financing cash flow685,000,000
Capital expenditures-198,000,000
Acquisitions net of cash acquired-1,929,000,000
Proceeds from sale of assets and businesses225,000,000
Investing cash flow-1,900,000,000
Net change in cash and restricted cash-179,000,000
Free cash flow838,000,000
Segment results
Engine products
Third party sales2,626,000,000
Segment adjusted EBITDA975,000,000
Fastening systems
Third party sales1,060,000,000
Segment adjusted EBITDA327,000,000
Engineered structures
Third party sales563,000,000
Segment adjusted EBITDA130,000,000
Forged wheels
Third party sales611,000,000
Segment adjusted EBITDA178,000,000
Total segment
Third party sales4,860,000,000
Segment adjusted EBITDA1,610,000,000
Prior year comparative
LabelSix months ended June 30, 2025
Period start2025-01-01
Period end2025-06-30
Period typesix months
Source accession10-Q
Source form10-Q filed 2026-08-06 (prior-year comparative column)
Income statement
Revenue3,995,000,000
Cost of goods sold2,655,000,000
Selling general administrative and other expenses174,000,000
Research and development expenses17,000,000
Depreciation and amortization138,000,000
Restructuring and other charges-4,000,000
Operating income1,015,000,000
Interest expense net77,000,000
Other expense net23,000,000
Income before income taxes915,000,000
Provision for income taxes164,000,000
Net income751,000,000
Net income attributable to common shareholders750,000,000
Basic EPS1.85
Diluted EPS1.84
Basic shares404,000,000
Diluted shares407,000,000
Dividends declared per common share0.2
Cash flow
Depreciation and amortization138,000,000
Stock based compensation39,000,000
Operating cash flow699,000,000
Net change in commercial paper0
Additions to debt0
Repurchases and payments on debt-77,000,000
Repurchases of common stock-300,000,000
Dividends paid-83,000,000
Financing cash flow-506,000,000
Capital expenditures-221,000,000
Acquisitions net of cash acquired0
Proceeds from sale of assets and businesses8,000,000
Investing cash flow-212,000,000
Net change in cash and restricted cash-19,000,000
Free cash flow478,000,000
Segment results
Engine products
Third party sales2,012,000,000
Segment adjusted EBITDA661,000,000
Fastening systems
Third party sales843,000,000
Segment adjusted EBITDA253,000,000
Engineered structures
Third party sales612,000,000
Segment adjusted EBITDA135,000,000
Forged wheels
Third party sales528,000,000
Segment adjusted EBITDA144,000,000
Total segment
Third party sales3,995,000,000
Segment adjusted EBITDA1,193,000,000

HWM trailing twelve month income statement and cash flow

Trailing twelve months ended June 30, 2026
LabelTrailing twelve months ended June 30, 2026
Period start2025-07-01
Period end2026-06-30
Period typetrailing twelve months
Source accession10-Q
Source formderived from the 10-Q filed 2026-08-06 and the 10-K filed 2026-02-12
Income statement
Revenue9,117,000,000
Cost of goods sold5,832,000,000
Operating income2,495,000,000
Income before income taxes2,282,000,000
Net income1,871,000,000
Net income attributable to common shareholders1,870,000,000
Cash flow
Operating cash flow2,221,000,000
Capital expenditures-430,000,000
Free cash flow1,791,000,000

Notes

  • Annual figures (FY2023, FY2024, FY2025) come from the FY2025 Form 10-K (accession 0000004281-26-000012). The 10-K's balance sheet presents December 31, 2025 and December 31, 2024 only, so FY2023 carries an income statement and cash flow but no balance sheet.
  • Quarterly figures for Q2 2026 and the year-ago Q2 2025, and the six-month figures, come from the Q2 2026 Form 10-Q (accession 0000004281-26-000025). The Q2 2026 balance sheet is as of June 30, 2026.
  • The 10-Q prints its cash flow statement for the six months only. The three-month operating cash flow and free cash flow for Q2 2026 and Q2 2025, and the Q2 2026 three-month investing and financing cash flows, are taken from Howmet's Q2 2026 earnings release furnished on Form 8-K (accession 0001104659-26-091610, Exhibit 99.1), and each quarterly entry cites that filing as the source of its cash flow figures. Three-month capital expenditures ($104 million in Q2 2026, $102 million in Q2 2025) are printed in the 10-Q's segment-information note, in the reconciliation of segment capital expenditures to the cash flow statement; they are shown there as positive amounts and are recorded here as cash outflows. The year-ago quarter's three-month investing and financing cash flows are not printed in either filing and are omitted.
  • Free cash flow is a non-GAAP measure that Howmet defines as cash provided from operations less capital expenditures. The Q2 2026, Q2 2025 and six-month figures are as printed in the earnings release; the annual and trailing-twelve-month figures are computed here on the same definition from the cash flow statements.
  • Total debt is computed here as long-term debt due within one year plus short-term borrowings plus long-term debt less amount due within one year, as each is printed on the balance sheet. At June 30, 2026 short-term borrowings were $450 million of commercial paper; there were none at December 31, 2025 (the 10-K's balance sheet has no short-term borrowings line).
  • Restructuring and other charges are recorded as positive figures and credits as negative figures. The 10-K labels the line 'Restructuring and other charges'; the 10-Q labels it 'Restructuring and other credits'. The six months ended June 30, 2026 credit of $93 million is the gain on the March 31, 2026 sale of the disk forging facility in Savannah, Georgia; there was no restructuring charge or credit in either Q2 2026 or Q2 2025.
  • Net income attributable to common shareholders is the earnings-per-share numerator. It differs from net income by preferred dividends of about $2 million a year through 2025; Howmet redeemed all of its Class A preferred stock on December 17, 2025, so the two figures are equal in 2026.
  • Dividends declared per common share are taken from the statements of changes in consolidated equity: $0.17 (2023), $0.26 (2024), $0.44 (2025), $0.10 (Q2 2025), $0.12 (Q2 2026), $0.20 (six months 2025) and $0.24 (six months 2026).
  • On April 6, 2026 Howmet completed its purchase of Consolidated Aerospace Manufacturing (CAM) from Stanley Black & Decker for a cash price of approximately $1,812 million, net of cash acquired, and on February 6, 2026 it acquired Brunner Manufacturing for approximately $120 million. Both are in the Fastening Systems segment. Acquisitions used $1,929 million of cash in the six months ended June 30, 2026, which is why goodwill rose from $4,022 million to $5,084 million and intangibles from $457 million to $869 million between December 31, 2025 and June 30, 2026. The 10-Q says CAM was financed with notes issued in March 2026, commercial paper borrowings and cash on hand.
  • Segment results: in the first quarter of 2026 Howmet moved a titanium alloy location from Engine Products to Engineered Structures and recast the comparable 2025 periods in the 10-Q. The quarterly and six-month segment figures here (2026 and 2025) are on the recast basis. The annual segment figures are as originally reported in the FY2025 10-K, before that recast, so annual Engine Products and Engineered Structures figures are not directly comparable with the quarterly ones. Consolidated results were not affected. Segment Adjusted EBITDA is Howmet's segment profit measure; it excludes depreciation and amortization, restructuring and other charges or credits, special items and corporate expense.
  • The 10-Q's December 31, 2025 balance sheet shows prepaid expenses and other current assets of $409 million, whereas the 10-K showed $392 million, with other receivables of $17 million on a separate line. Total current assets ($3,779 million) are the same in both. Neither line is carried in this record.
  • The trailing-twelve-month figures for the period ended June 30, 2026 are computed as FY2025 (10-K, accession 0000004281-26-000012) less the six months ended June 30, 2025 plus the six months ended June 30, 2026 (both from the 10-Q, accession 0000004281-26-000025). Per-share amounts are not computed for this period.

Uncertainties

  • The Q2 2025 three-month operating cash flow ($446 million) and free cash flow ($344 million) appear only in the summary table of the Q2 2026 earnings release (accession 0001104659-26-091610). The 10-Q prints six-month cash flows only, so these two figures could not be checked against a filed statement. They are consistent with the 10-Q's three-month capital expenditures for that quarter ($102 million = $446 million less $344 million).
  • The annual segment figures are on the pre-recast basis described in the notes. The recast annual 2025 segment totals that Howmet published in its earnings release are not part of the 10-K or 10-Q and are not included here.

Adjustments

Value
Splits appliednone
ADR ration/a
FXNone. Howmet reports in U.S. dollars, so no currency conversion was applied.
Splits noteNo stock split affects the periods in this record.
ADR noteHowmet's common stock trades directly on the New York Stock Exchange; it is not an ADR, so per-share figures are per common share.

Company details

Value
NameHowmet Aerospace Inc.
TickerHWM
CIK0000004281
ExchangeNYSE
StatePennsylvania
IncorporationDelaware
SIC3350
OfficeManufacturing
IndustryRolling Drawing & Extruding of Nonferrous Metals

Fiscal period

FY2026
Fiscal year2026
Fiscal periodQ2
TagFY26Q2
Period end2026-06-30
Form10-Q
Accession10-Q
Fiscal year end1231
Sourcefacts

Source filings

RoleCurrentFormFiscal yearFiscal periodTagPeriod endFiledAccessionUrlSource
annualno10-K2025FYFY252025-12-312026-02-120000004281-26-000012https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/0000004281-26-000012-index.htmreported
quarterlyyes10-Q2026Q2FY26Q22026-06-302026-08-060000004281-26-000025https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/0000004281-26-000025-index.htmfacts

FAQ · Howmet Aerospace financial statements

How much revenue did Howmet Aerospace report in Q2 FY2026?

Howmet Aerospace reported $2.55 billion in revenue for Q2 FY2026, the quarter ended June 30, 2026. That is up 24.1% from $2.05 billion in the same quarter a year earlier.

What was Howmet Aerospace's net income in Q2 FY2026?

Howmet Aerospace reported net income of $534 million for Q2 FY2026, the quarter ended June 30, 2026, up 31.2% from $407 million in the same quarter a year earlier.

What were Howmet Aerospace's earnings per share in Q2 FY2026?

Howmet Aerospace earned $1.33 per diluted share in Q2 FY2026, the quarter ended June 30, 2026, up 33.0% from $1.00 in the same quarter a year earlier.

How did Howmet Aerospace's Engine Products segment do in Q2 FY2026?

Howmet Aerospace's Engine Products segment, which makes castings and rolled rings for jet engines and industrial gas turbines, had third-party sales of $1.37 billion in Q2 FY2026, up 32.3% from $1.04 billion a year earlier. Howmet attributed the segment's growth to commercial aerospace, defense aerospace and gas turbines, including engine spares.

Where can I get Howmet Aerospace Inc. (HWM) financial data in machine-readable form?

Ticker Scout publishes Howmet Aerospace Inc.'s financial statements as JSON at https://tickerscout.ai/hwm/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/hwm/narrative.md and https://tickerscout.ai/hwm/events.md. Howmet Aerospace Inc.'s SEC CIK is 0000004281. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.

When does Howmet Aerospace Inc. (HWM) next file with the SEC?

Howmet Aerospace Inc. (HWM) is expected to file its next Form 10-Q with the SEC on or around October 29, 2026. That date is a projection rather than a company-announced date: it is derived from Howmet Aerospace Inc.'s own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q2 FY2026, the period ended 2026-06-30, SEC accession 0000004281-26-000025.

Related companies

See every covered company and its filings data.

How this page was built

This page was built from three of Howmet Aerospace Inc.'s own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names two such gaps.

A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.

Published by Ticker Scout, an independent publisher of company filings data. About Ticker Scout · Disclaimer

Built from Howmet Aerospace Inc.'s SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.