Filing Flows › Howmet Aerospace (HWM) › Q3 2026 › vs Q2 2026
Howmet Aerospace (HWM) Q3 2026 vs Q2 2026 (quarter over quarter)
Howmet Aerospace's revenue rose $156M (+6%) from $2.5B in Q2 2026 to $2.7B in Q3 2026. The biggest changes: Aerospace - Commercial +$100M (+7%); Gas Turbines +$28.0M (+9%); Other +$14.0M (+13%). Operating margin 28.7% against 27.9% (+0.8 pts).
Howmet Aerospace, Q3 2026: revenue $2.7B (+29% year over year), operating margin 28.7%, net earnings $567M, operating cash flow $709M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 28.7% | 27.9% | +0.8 pts |
| Net margin | 21.0% | 21.0% | +0.0 pts |
| Free cash flow margin | 20.8% | 18.8% | +2.0 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Aerospace - Commercial | $1.5B | $1.4B | $100M | +7% |
| Aerospace - Defense | $391M | $389M | $2.0M | +0.5% |
| Commercial Transportation | $384M | $372M | $12.0M | +3% |
| Gas Turbines | $349M | $321M | $28.0M | +9% |
| Other | $120M | $106M | $14.0M | +13% |
| Revenue | $2.7B | $2.5B | $156M | +6% |
| Operating profit | $777M | $711M | $66.0M | +9% |
| Costs & expenses | $1.9B | $1.8B | $90.0M | +5% |
| Pre-tax earnings | $721M | $649M | $72.0M | +11% |
| Other expense, net | $56.0M | $62.0M | −$6.0M | -10% |
| Cost of revenue | $1.7B | $1.6B | $104M | +7% |
| Research & development | $11.0M | $8.0M | $3.0M | +38% |
| SG&A | $120M | $148M | −$28.0M | -19% |
| Other operating costs | $95.0M | $84.0M | $11.0M | +13% |
| Net earnings | $567M | $534M | $33.0M | +6% |
| Income tax | $154M | $115M | $39.0M | +34% |
| Depreciation & amortization | $93.0M | $84.0M | $9.0M | +11% |
| Working capital & other | $49.0M | −$35.0M | $84.0M | — |
| Operating cash flow | $709M | $583M | $126M | +22% |
| Free cash flow (OCF − capex) | $562M | $479M | $83.0M | +17% |
| Capital expenditures | $147M | $104M | $43.0M | +41% |
Questions
How much did Howmet Aerospace's revenue grow quarter over quarter in Q3 2026?
Howmet Aerospace's revenue rose $156M (+6%) from $2.5B in Q2 2026 to $2.7B in Q3 2026.
What drove Howmet Aerospace's revenue change in Q3 2026?
Aerospace - Commercial +$100M (+7%); Gas Turbines +$28.0M (+9%); Other +$14.0M (+13%).