Howmet Aerospace Inc. (HWM) earnings on August 6, 2026

Before the market opens Q2 2026

More Howmet Aerospace Inc. earnings

Prior outlook: Optimistic Outcome: Partial

The aerospace parts maker reported stronger profit and sales than expected and gave a positive outlook for the current quarter. The stock jumped as much as 6.3% during the day but ended slightly lower.

HWM price around the earnings

289.72

Change: -0.6%

2026-08-06, 20:00 UTC

Start of the measured window End of the measured window
288.76 295.62 302.47 309.33 291.40
Price series around the eventClosing price per minute from before the event to the end of the measured window.
August 6, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Optimistic Outcome: Partial

Thesis published
Results released

Perfect 100% beat rate and strong buy consensus support company numbers, but sharp trajectory decline and extreme retail crowding context trend strength fading into event.

Context analyzed before publication

Trend
Trend strength deteriorated sharply from 74.9 to 24.7 on event day; retail crowding at extreme levels.

Analysts

Evidence

Analyst consensus
Strong buy
Consensus average (1-5)
1.45
Analysts covering the stock
20
Average price target
312.93
Lowest price target
256.56
Highest price target
346
Upside to price target
7.4%
Quarterly earnings growth
68.6%
Revenue growth
19.1%
Forward EPS
6.06
Trailing EPS
4.37
Analyst moves in the last 60 days
4
  • Strong buy: 4
  • Buy: 15
  • Hold: 3
  • Sell: 0
  • Strong sell: 0
Strong buy
4
Buy
15
Hold
3
Sell
0
Strong sell
0
  • July 27, 2026 · RBC Capital: Maintains rating (Outperform → Outperform)
  • July 13, 2026 · TD Cowen: Maintains rating (Buy → Buy)
  • July 9, 2026 · Jefferies: Maintains rating (Buy → Buy)
  • July 1, 2026 · Citigroup: Maintains rating (Buy → Buy)

Technicals

Evidence

Price when the context was analyzed
291.4
Average true range (ATR)
2.6%
Distance to 52-week high
+0.0%
14-day change (14d)
+3.8%
30-day change (30d)
+4.9%
30-day relative strength
+2.5%
SPY change (30d)
+2.5%
Nearest support
288.74
Distance to nearest support
0.9%
Nearest resistance
292.74
Distance to nearest resistance
0.5%
Volume accumulation ratio (14d / 46d)
0.68
  • Mid: 288.74 (0.9% away, 0.35 ATR, 13 touches)
  • Minor: 285.28 (2.1% away, 0.8 ATR, 4 touches)
  • Mid: 281.92 (3.3% away, 1.25 ATR, 14 touches)
  • Mid: 292.74 (0.5% away, 0.18 ATR, 6 touches)
  • Mid: 294.98 (1.2% away, 0.47 ATR, 4 touches)

Trends

Evidence

Average earnings surprise
+6.9%
  • May 7, 2026: actual EPS 1.22 vs estimate 1.11 (surprise +10.3%)
  • February 12, 2026: actual EPS 1.05 vs estimate 0.97 (surprise +8.7%)
  • October 30, 2025: actual EPS 0.95 vs estimate 0.91 (surprise +4.5%)
  • July 31, 2025: actual EPS 0.91 vs estimate 0.87 (surprise +4.2%)

Expected move

Implied move
+7.5%
Source
Options chain

Reactions over its last 20 earnings

Median move
5.1%
75th percentile move
6.8%
90th percentile move
12.7%
Up / down moves
13 / 7
Average up move
+6.8%
Average down move
-3.0%

Monitoring and close

What Howmet Aerospace Inc. reported

Status
Finished
Actual EPS1.33
EPS estimate1.25
EPS surprise+6.4%
Revenue$2,547 million
Revenue estimate$2,428 million
Revenue surprise+4.9%

Howmet Aerospace beat expectations and raised annual guidance. Shares hit a 52-week high on margins, cash flow, and optimistic 2026 outlook.

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, results beat expectations on both earnings and revenue, and the price is indicating +3.4% pre-market, a move in line with the stock's usual reaction (about 5%). The figures confirm the optimistic scenario. Across our market history, in the 1,280 similar cases the close held that direction 86% of the time.

How the stock reacted

Outcome
Partial
Consolidated
-0.9%
Max favorable move (MFE)
6.3%
Max adverse move (MAE)
1%