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Howmet Aerospace raises 2026 guidance after Q2 growth surge
Q2 results showed 21% organic revenue growth and EBITDA margins rising 340 basis points to 32.1% as IGT revenue climbed 38%.
Howmet Aerospace posted accelerating growth in Q2 2026, with organic revenue growth reaching 21% on strong demand across commercial aerospace, defense, and industrial gas turbines (IGT), according to an earnings call summary published on Yahoo Finance.
The company said IGT revenue jumped 38%, tied to increased demand for natural gas power generation linked to data center electricity needs, which led customers to revise demand outlooks upward. Commercial aerospace revenue grew 28%, supported by new build rates and high spares demand across legacy and next generation engine platforms, Yahoo Finance reported.
Howmet Aerospace also reported EBITDA margin expansion of 340 basis points to 32.1%, attributing the improvement to strong operational execution that offset the dilutive impact from its CAM acquisition, the summary said. Management highlighted that spares now account for 22% of total revenue, describing them as a high margin buffer against OEM volatility.
The company expects capital expenditure to exceed $500 million in 2026, with a step up planned for 2027, and it raised guidance for 2026 across all metrics. Yahoo Finance said management expects leverage to return to about 1.0x net debt to EBITDA by year end 2026, and that CAM integration is focused on 2027 to realize synergies, including IT modernization and shifting to internal distribution channels.
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