Filing Flows › Howmet Aerospace (HWM) › Q1 2026
Howmet Aerospace (HWM) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Howmet Aerospace (HWM) reported revenue of $2.3B for the first quarter 2026 (Q1 2026), +19% from a year earlier and +7% from the quarter before. Operating margin was 32.6%, net earnings $580M (25.1% of revenue).
Howmet Aerospace, Q1 2026: revenue $2.3B (+19% year over year), operating margin 32.6%, net earnings $580M, operating cash flow $453M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.3B | +7% | +19% |
| Operating profit | $753M | +54% | +52% |
| Net earnings | $580M | +56% | +69% |
| Operating cash flow | $453M | -31% | +79% |
| Free cash flow | $359M | -32% | +168% |
What changed
Revenue was $2.3B in Q1 2026, up 19% year over year and up 7% from the previous quarter. Aerospace - Commercial was the largest line at 53% of revenue. Aerospace - Commercial added $0.20B year over year (up 20%), 54% of the total change.
Operating profit was $0.75B, a 32.6% margin (up 7.1 points year over year). Of the extra revenue versus Q1 2025, 70% reached operating profit, above the 25% margin then. Total costs grew 8% against revenue growth of 19%. Net earnings were $0.58B, up 69% year over year. The effective tax rate was 18.1%.
Operating cash flow was $0.45B (up 79% year over year), 78% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization. Working capital and other items used $0.20B. Capital expenditures of $0.09B left free cash flow of $0.36B.
Questions
What was Howmet Aerospace's revenue in the first quarter 2026?
Howmet Aerospace (HWM) reported revenue of $2.3B for the first quarter 2026 (Q1 2026), +19% from a year earlier and +7% from the quarter before.
Was Howmet Aerospace profitable in the first quarter 2026?
Operating profit was $753M (32.6% of revenue) and net earnings $580M.
Source: Howmet Aerospace 10-Q on SEC EDGAR.