HWM · 8-K · 20260806PR091610
Guidance / Outlook
Howmet Aerospace Inc. · 2026-08-06 · Importance 80 · Surprise 68 · No source text
Howmet increased full-year 2026 revenue guidance by $400 million at the baseline to $10.050 billion, with a range of $10.000 billion to $10.100 billion. Baseline adjusted EBITDA guidance increased $170 million to $3.230 billion, while adjusted EBITDA margin guidance increased 40 basis points to 32.1%. Baseline adjusted EPS guidance increased $0.33 to $5.27, with a range of $5.23 to $5.31. Third-quarter 2026 guidance calls for revenue of $2.575 billion at the baseline, adjusted EBITDA of $830 million, adjusted EPS of $1.35, and adjusted EBITDA margin of 32.2%.
Key facts
- FY 2026 baseline Free Cash Flow guidance increased to $1,900 million (range $1,850–$1,950 million), a baseline change of +$150 million source
- Full year 2026 revenue baseline guidance increased to $10,050 million with a high of $10,100 million (baseline $10,050 million) source
- Q3 2026 revenue guidance baseline: $2,575 million (range $2,565–$2,585 million) source
- FY 2026 baseline Adjusted EBITDA guidance: $3,230 million (range $3,210–$3,250 million) source
- Q3 2026 Adjusted EBITDA guidance baseline: $830 million (range $825–$835 million) and Adj. EBITDA margin ~32.2% source
- FY 2026 baseline Adjusted EPS guidance: $5.27 per share (range $5.23–$5.31) source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | committed | — | FY 2026 baseline Free Cash Flow guidance increased to $1,900 million (range $1,850–$1,950 million), a baseline change of +$150 million |
| revenue | positive | committed | — | Full year 2026 revenue baseline guidance increased to $10,050 million with a high of $10,100 million (baseline $10,050 million) |
| revenue | positive | committed | — | Q3 2026 revenue guidance baseline: $2,575 million (range $2,565–$2,585 million) |
| operating_income | positive | committed | — | FY 2026 baseline Adjusted EBITDA guidance: $3,230 million (range $3,210–$3,250 million) |
| operating_income | positive | committed | — | Q3 2026 Adjusted EBITDA guidance baseline: $830 million (range $825–$835 million) and Adj. EBITDA margin ~32.2% |
| margin | positive | committed | — | Q3 2026 Adjusted EBITDA guidance baseline: $830 million (range $825–$835 million) and Adj. EBITDA margin ~32.2% |
| net_income | positive | committed | — | FY 2026 baseline Adjusted EPS guidance: $5.27 per share (range $5.23–$5.31) |