Howmet Aerospace stock falls after SpaceX blade news

Published on 09/06/2026 at 10:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Howmet Aerospace stock is under pressure after SpaceX said it will make turbine blades in-house. The group also reported $2.55 billion in Q2 2026 revenue and $1.33 in adjusted EPS.

Flatlay mit Aktienzertifikat, ISIN US4432011082, Titanschrauben, Turbinenschaufel und Präzisionsmessschieber — Howmet Aerospace US4432011082 Flatlay mit Vintage-Aktienzertifikat ISIN-Karte Titanschrauben Turbinenschaufel Messschieber und Ringe, Illustration mit AI erstellt.

Howmet Aerospace (US4432011082) stock fell after SpaceX said it plans to make gas-turbine blades and vanes in-house, a direct competitive note for a supplier that still posted $2.55 billion in revenue in Q2 2026. The shares closed at $244.95 on August 31, 2026, and MarketBeat later showed the stock at $259.61 as of September 4, 2026.

SpaceX changes the tone

The catalyst came from the aerospace supply chain itself: a SpaceX move into blade production raised questions about future demand, and the market reacted immediately. A Yahoo Finance report on September 5, 2026 said Howmet traded at a market capitalization of $101.2 billion and at 47.8 times forward earnings.

That valuation matters because the company is still being priced for strong growth. On the same report, Howmet's Q2 2026 revenue was given as $2.54 billion, up 24 percent year over year, while adjusted EPS rose to $1.33 from $0.91 a year earlier.

Guidance stayed firm

Howmet's latest outlook also stayed elevated after the August 6, 2026 results. The company raised full-year 2026 revenue guidance to $10.0 billion to $10.1 billion from the previous $9.6 billion to $9.7 billion range, and lifted adjusted EPS guidance to $5.23 to $5.31 from $4.90 to $5.00.

Adjusted EBITDA guidance moved to $3.21 billion to $3.25 billion, while free cash flow guidance increased to $1.85 billion to $1.95 billion. For investors, the comparison is clear: revenue guidance moved up by about $400 million at the midpoint, while adjusted EPS guidance rose by $0.33 at the midpoint.

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Howmet Aerospace profile

Engine parts still drive sales

Howmet's core work remains in engineered metal products for aerospace, transportation and industrial markets, with turbine-related parts still a central revenue driver. A September 5, 2026 market note also said the company kept a consensus rating of Moderate Buy and a consensus price target of $316.22.

Price and market value

Howmet Aerospace stock traded at $259.61 as of September 4, 2026, with a market capitalization of $103.87 billion on the same market snapshot. The valuation sits well above the August 31, 2026 close of $244.95 and keeps the stock in a premium range for a company that raised both revenue and EPS guidance in August 2026.