Howmet Aerospace Reports 24% Revenue Growth to $2.547 Billion in Q2 2026

Howmet Aerospace Inc. reported significant financial growth in its latest quarterly results, with sales reaching $2.547 billion for the second quarter of 2026, a 24% increase from $2.053 billion in the same period last year. For the first half of 2026, the company generated $4.860 billion in revenue, up 22% from $3.995 billion in the first half of 2025. The increase in revenue was primarily driven by growth in the commercial and defense aerospace markets, favorable product pricing, and contributions from recent acquisitions, including Consolidated Aerospace Manufacturing and Brunner Manufacturing. Net income for the second quarter was $534 million, or $1.33 per diluted share, compared to $407 million, or $1.00 per diluted share, in the prior year. For the six months ended June 30, 2026, net income totaled $1.114 billion, or $2.77 per diluted share, up from $751 million, or $1.84 per diluted share, in the same period of 2025.

The company's cost of goods sold (COGS) as a percentage of sales decreased to 62.7% in the second quarter of 2026 from 66.5% in the same quarter of 2025, reflecting improved operational efficiency and favorable market conditions. Selling, general, and administrative expenses rose significantly, totaling $148 million in the second quarter of 2026, up from $89 million in the same quarter of 2025, largely due to increased employment costs and acquisition-related expenses. The provision for depreciation and amortization also increased, reflecting higher capital investments and the impact of acquisitions.

Strategically, Howmet completed two significant acquisitions in early 2026, acquiring Consolidated Aerospace Manufacturing for approximately $1.812 billion and Brunner Manufacturing for about $120 million. These acquisitions are expected to enhance Howmet's product offerings in the aerospace fastening systems market. Additionally, the company divested its disk forging facility in Savannah, Georgia, for $230 million, resulting in a gain of $93 million recorded in the first quarter of 2026. This divestiture is part of Howmet's ongoing efforts to optimize its manufacturing footprint and product mix.

Operationally, Howmet's workforce has expanded, with a net increase of approximately 485 employees in the Engine Products segment during the second quarter of 2026, supporting anticipated revenue growth. The company reported that approximately 68% of its revenue for the first half of 2026 came from the aerospace sector, with GE Aerospace and RTX Corporation representing significant portions of its sales. The company also noted that it is navigating challenges in the commercial transportation market, which has seen lower volumes.

Looking ahead, Howmet anticipates continued demand growth in the aerospace markets, particularly for engine spares, and expects to maintain elevated capital expenditures to support this growth. The company remains focused on managing costs and optimizing its operations while navigating potential market volatility and geopolitical uncertainties.