Equity Profile

HWM

Howmet Aerospace Inc.

IndustrialsAerospace & Defense$112.9B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Howmet Aerospace Inc. operates in the aerospace and defense sector, focusing on advanced engineered solutions for aerospace and industrial markets....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing its costs and generating income.

N/A

Revenue Growth

Revenue growth is crucial for assessing the company's ability to expand its market share and meet demand in the aerospace sector.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

HWM Q2-2026 Earnings Preview

Context

Company Snapshot

Howmet Aerospace Inc. operates in the aerospace and defense sector, focusing on advanced engineered solutions for aerospace and industrial markets. With a market cap of $113 billion, the company plays a critical role in supplying components and systems that are essential for aircraft and defense applications.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+7.32%

Avg Stock Reaction

+4.69%

Last Quarter Recap

In Q1 2026, Howmet Aerospace reported an EPS of $1.22, exceeding expectations by 10.11%. The stock reacted positively, gaining 6.28% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall expectations for Howmet Aerospace are cautiously optimistic, given its strong track record of beating EPS estimates. Investors will be looking for continued growth in a challenging market.

Bull Case

If Howmet can maintain its growth trajectory and deliver strong EPS, it could signal robust demand in the aerospace sector, leading to further stock appreciation.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of slowing growth, it could lead to a decline in investor confidence and a drop in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2 2026?

Given Howmet's strong history of beating EPS estimates, this figure will be crucial for investor sentiment and stock performance.

How is revenue growth trending in the aerospace sector?

Understanding revenue trends will help gauge the company's market position and future growth potential in a competitive landscape.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Howmet to exceed EPS expectations given its recent performance and the ongoing recovery in the aerospace sector.

Supporting Evidence

Howmet has consistently beaten EPS estimates in the past eight quarters, suggesting strong operational management.

The options market is pricing a smaller move than historical averages, indicating a potential mispricing of volatility.

Key Risk

If the EPS comes in above $1.25, it could shift market sentiment significantly.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Howmet can sustain its growth in a potentially volatile aerospace sector.

Bull Confirmed If

An EPS of $1.25 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $1.15 would confirm the bear case, raising concerns about demand and profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±1.04%

Historical Avg

±6.5%

Pricing cheap

The options market is pricing a relatively small move, suggesting that investors are uncertain about significant changes in stock price following the earnings report.

Options are pricing ±1.0% while HWM has averaged ±6.5% over the last 8 prints — setup is pricing cheap.

Detail

ATM IV

0.4%

30d HV

37.9%

Calls (53K)P/C Ratio: 0.76Puts (314K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options pricing cheap in Industrials

n=30

Fade rate: 5 of 24 (21%)

This setup has occurred 30 times across Industrials in the last 2 years. 19 of 24 (79%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.6%, with a raw directional average of +1.6% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Howmet beats expectations, history suggests a potential stock increase of around 4.69%, confirming strong demand.

In-Line / Cautious

If results are in line with expectations, the stock may experience a muted reaction as investors await further guidance.

Miss

A miss could lead to a decline, with historical patterns indicating a potential drop of around 6.51%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on aerospace demand trends and how they are impacting revenue.
2Details on cost management strategies and their effectiveness.
3Insights into new contracts or partnerships that could drive future growth.
4Management's outlook on the defense sector and its contribution to revenue.
5Any commentary on supply chain challenges and how they are being addressed.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Aug3

ONBMO

ON Semiconductor Corporation

PreviewView

Aug3

LBMO

Company Snapshot

Howmet Aerospace Inc. operates in the aerospace and defense sector, focusing on advanced engineered solutions for aerospace and industrial markets....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing its costs and generating income.

N/A

Revenue Growth

Revenue growth is crucial for assessing the company's ability to expand its market share and meet demand in the aerospace sector.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

HWM Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+7.32%

Avg Stock Reaction

+4.69%

Last Quarter Recap

In Q1 2026, Howmet Aerospace reported an EPS of $1.22, exceeding expectations by 10.11%. The stock reacted positively, gaining 6.28% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall expectations for Howmet Aerospace are cautiously optimistic, given its strong track record of beating EPS estimates. Investors will be looking for continued growth in a challenging market.

Bull Case

If Howmet can maintain its growth trajectory and deliver strong EPS, it could signal robust demand in the aerospace sector, leading to further stock appreciation.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of slowing growth, it could lead to a decline in investor confidence and a drop in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2 2026?

Given Howmet's strong history of beating EPS estimates, this figure will be crucial for investor sentiment and stock performance.

How is revenue growth trending in the aerospace sector?

Understanding revenue trends will help gauge the company's market position and future growth potential in a competitive landscape.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Howmet to exceed EPS expectations given its recent performance and the ongoing recovery in the aerospace sector.

Supporting Evidence

Howmet has consistently beaten EPS estimates in the past eight quarters, suggesting strong operational management.

The options market is pricing a smaller move than historical averages, indicating a potential mispricing of volatility.

Key Risk

If the EPS comes in above $1.25, it could shift market sentiment significantly.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Howmet can sustain its growth in a potentially volatile aerospace sector.

Bull Confirmed If

An EPS of $1.25 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $1.15 would confirm the bear case, raising concerns about demand and profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±1.04%

Historical Avg

±6.5%

Pricing cheap

The options market is pricing a relatively small move, suggesting that investors are uncertain about significant changes in stock price following the earnings report.

Options are pricing ±1.0% while HWM has averaged ±6.5% over the last 8 prints — setup is pricing cheap.

Detail

ATM IV

0.4%

30d HV

37.9%

Calls (53K)P/C Ratio: 0.76Puts (314K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options pricing cheap in Industrials

n=30

Fade rate: 5 of 24 (21%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Howmet beats expectations, history suggests a potential stock increase of around 4.69%, confirming strong demand.

In-Line / Cautious

If results are in line with expectations, the stock may experience a muted reaction as investors await further guidance.

Miss

A miss could lead to a decline, with historical patterns indicating a potential drop of around 6.51%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on aerospace demand trends and how they are impacting revenue.
2Details on cost management strategies and their effectiveness.
3Insights into new contracts or partnerships that could drive future growth.
4Management's outlook on the defense sector and its contribution to revenue.
5Any commentary on supply chain challenges and how they are being addressed.