Howmet Aerospace stock gained 1.35 percent after Q2 growth

Published on 09/28/2026 at 10:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Howmet Aerospace stock posted USD 2.54 billion in Q2 2026 revenue, up 24 percent year over year. Guggenheim set a USD 350.00 target on September 15.

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Howmet Aerospace (ISIN US4432011082) stock last traded at USD 232.48 on the NYSE on September 25, 2026 at 4:00 p.m. ET, up 1.35 percent from the prior session. The shares combine accelerating aerospace demand with a fresh competitive question around gas-turbine components.

Q2 revenue reached USD 2.54 billion

Barchart reported that Howmet's second-quarter 2026 revenue rose 24 percent year over year to USD 2.54 billion. Adjusted EPS increased 46 percent to USD 1.33, while adjusted EBITDA advanced 39 percent to USD 817 million and the adjusted EBITDA margin expanded to 32.1 percent.

The growth was broad but uneven. Engine Products revenue increased 32 percent to USD 1.37 billion, Fastening Systems revenue rose 37 percent to USD 589 million, and gas-turbine revenue climbed 38 percent, while Engineered Structures revenue declined 13 percent to USD 269 million.

Guidance points to higher earnings

Following the Q2 release, Howmet raised its fiscal 2026 revenue guidance to USD 10.00 billion to USD 10.10 billion and adjusted EPS guidance to USD 5.23 to USD 5.31, according to Barchart. The revenue midpoint of USD 10.05 billion was USD 400 million above the previous baseline, while the adjusted EPS midpoint rose USD 0.33 above the earlier baseline.

That upgrade gives the current valuation a measurable earnings test. Howmet's Q3 guidance calls for revenue of USD 2.565 billion to USD 2.585 billion and adjusted EPS of USD 1.34 to USD 1.36, keeping the quarterly growth profile above the Q2 level.

Guggenheim sets USD 350.00 target

MarketScreener reported that Guggenheim initiated Howmet coverage at Buy with a USD 350.00 price target on September 15, 2026. That target stands 50.55 percent above the September 25 price, although the stock remains exposed to a specific gas-turbine risk.

Barchart reported on September 5, 2026 that SpaceX plans to bring the casting of natural-gas turbine blades and vanes in-house. The issue matters because Howmet's gas-turbine revenue grew 38 percent in Q2 2026, making that business a visible part of the growth narrative.

Stock stays below its yearly high

Howmet Aerospace stock last traded at USD 232.48 on the NYSE on September 25, 2026 at 4:00 p.m. ET, with a market capitalization of USD 93.0 billion. The USD 183.83 to USD 310.00 52-week range places the price 25.01 percent below the yearly high.