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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Scott Deuschle | Deutsche Bank | 8 questions · 13% challenging |
| Myles Walton | Wolfe Research | 8 questions · 0% challenging |
| Kristine Liwag | Morgan Stanley | 6 questions · 0% challenging |
| Sheila Kahyaoglu | Jefferies | 6 questions · 17% challenging |
| Doug Harned | Bernstein | 6 questions · 0% challenging |
| Rob Stallard | Vertical Research Partners | 6 questions · 0% challenging |
| Seth Seifman | JPMorgan | 5 questions · 0% challenging |
| David Strauss | Wells Fargo | 4 questions · 0% challenging |
| Ron Epstein | Bank of America | 4 questions · 0% challenging |
| Peter Arment | Robert W. Baird | 3 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Wolfe Research | 2 analysts | 9 questions · 0% challenging |
| Deutsche Bank | 1 analyst | 8 questions · 13% challenging |
| Bank of America | 2 analysts | 6 questions · 0% challenging |
| Bernstein | 1 analyst | 6 questions · 0% challenging |
| Jefferies | 1 analyst | 6 questions · 17% challenging |
| JPMorgan | 2 analysts | 6 questions · 17% challenging |
| Morgan Stanley | 1 analyst | 6 questions · 0% challenging |
| Vertical Research Partners | 1 analyst | 6 questions · 0% challenging |
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Howmet delivered a record Q1 with revenue up 19% and EPS of $1.22, a 42% increase year-over-year, as Engine Products surged 29% with EBITDA margins reaching 36.6% and gas turbine revenue grew 39% on capacity expansion. Management raised FY2026 guidance significantly with EPS increased to $4.94 (up 11% from initial guide), organic revenue growth raised to 14%, and EBITDA raised to $3.06 billion. Spares grew 36% to $520 million now representing 23% of revenue, and the CAM and Brunner acquisitions expanded the fastener portfolio.
Demand | Margin | Revenue Growth | Competitive Dynamics | Capex Investment | Supply Chain | Cloud & AI | Capital Allocation | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 3 | 6 | 1 | 2 | 2 | 2 | 1 | 2 |
| 2025Q1 | 4 | 3 | 2 | 2 | 3 | 1 | ||
| 2025Q2 | 6 | 4 | 4 | 4 | 2 | 2 | 1 | |
| 2025Q3 | 3 | 3 | 1 | 1 | 1 | 1 | 2 | 1 |
| 2025Q4 | 3 | 4 | 2 | 1 | 2 | 2 | 1 | |
| 2026Q1 | 3 | 2 | 1 | 2 | 1 | 2 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 3 | 4 | 6 | 3 | 3 | 3 |
| Margin | 6 | 3 | 4 | 3 | 4 | |
| Revenue Growth | 1 | 2 | 4 | 1 | 2 | 2 |
| Competitive Dynamics | 2 | 2 | 4 | 1 | 1 | 1 |
| Capex Investment | 2 | 2 | 1 | 2 | 2 | |
| Supply Chain | 2 | 3 | 2 | 1 | 1 | |
| Cloud & AI | 1 | 1 | 2 | 2 | 2 | |
| Capital Allocation | 2 | 1 | 1 | 1 | 1 |
Calendar quarter Q1 2026Earnings call May 7, 2026
FY2026 Q1 in brief
Howmet delivered a record Q1 with revenue up 19% and EPS of $1.22, a 42% increase year-over-year, as Engine Products surged 29% with EBITDA margins reaching 36.6% and gas turbine revenue grew 39% on capacity expansion.
Newest quarter FY2026 Q2 is part of Pro · see what Pro adds →
Sources. Tellvest earnings-call sentiment score for Howmet Aerospace (HWM), FY2026 Q1: 9/10. Scores: Howmet Aerospace’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: HWM daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.89B | +9.2% | $0.77 | +35.1% | 23.5% | 16.6% | $378M |
| FY2025 Q1 | $1.94B | +6.5% | $0.84 | +42.4% | 25.4% | 17.7% | $134M |
| FY2025 Q2 | $2.05B | +9.2% | $1.00 | +53.8% | 25.4% | 19.8% | $344M |
| FY2025 Q3 | $2.09B | +13.8% | $0.95 | +17.3% | 25.9% | 18.4% | $423M |
| FY2025 Q4 | $2.17B | +14.6% | $0.92 | +19.5% | 22.6% | 17.2% | $530M |
| FY2026 Q1Selected | $2.31B | +19.1% | $1.44 | +71.4% | 32.6% | 25.1% | $359M |
| FY2026 Q2 | $2.55B | +24.1% | $1.33 | +33.0% | 27.9% | 21.0% | $479M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
GAAP revenue YoY +19.1% → base 8. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
What HWM said about other companies on its FY2026 Q1 call, and what other companies said about HWM on their calls covering the same calendar quarter (Q1 2026). Each company's own fiscal quarter is shown next to its name. Extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“the debt reduction that resulted from our closing the CAM divestiture to Howmet Aerospace for $1.8 billion.”
Stanley Black & Decker divested its aerospace fasteners (CAM) business to Howmet Aerospace for $1.8B, an M&A signal in which Howmet is the acquirer expanding its aerospace fastening portfolio.
“On the Airbus A320, 62 per month and the Airbus A350 at 6 per month.”
Howmet cites Airbus build rates in its guidance - A320 at 62/month and A350 at 6/month - as a key demand input.
“We have the rate for the 737 at an average of 42 per month for the year, on the 787 currently 7 per month, rising to 8 per month by the fourth quarter.”
Howmet cites Boeing build rates in its guidance - 737 averaging 42/month and 787 at 7/month rising to 8 by Q4 - as a key demand input.
“going from maybe Microsoft saying they're going to go from $125 billion to $185 billion or then Google matches it, then Amazon talks about $200 billion.”
Howmet's CEO cites hyperscaler capex (Amazon ~$200B) as underpinning surging industrial gas turbine demand.
“going from maybe Microsoft saying they're going to go from $125 billion to $185 billion or then Google matches it, then Amazon talks about $200 billion.”
Howmet's CEO cites hyperscaler capex (Google matching Microsoft's levels) as underpinning surging industrial gas turbine demand.
“going from maybe Microsoft saying they're going to go from $125 billion to $185 billion or then Google matches it, then Amazon talks about $200 billion.”
Howmet's CEO cites hyperscaler capex (Microsoft ~$125B to $185B) as underpinning surging industrial gas turbine demand.
“Howmet's improved leverage and strong free cash flow profile were reflected in Fitch's Q1 upgrade from BBB+ to A-, now 4 notches into investment grade.”
Fitch upgraded Howmet from BBB+ to A- in Q1, moving it four notches into investment grade.
“we closed the previously announced CAM Fastener acquisition on April 6 for approximately $1.8 billion.”
Howmet closed the ~$1.8B CAM Fastener acquisition on April 6, expanding its non-traditional fasteners portfolio.
“we acquired Brunner, a Fastener business based in Wisconsin for approximately $120 million in cash on February 6.”
Howmet acquired Brunner, a Wisconsin fastener business, for ~$120M in cash on February 6.
| Company | Score | Trend | Rev YoY | Headline |
|---|---|---|---|---|
| HWMHowmet Aerospace | 9 | +19.1% | Record Q1 Revenue Up 19% with 32% EBITDA Margin | |
| ACHRArcher Aviation Inc. | 5 | n/a | Archer Aviation, a pre-commercial eVTOL developer, remained pre-revenue and deeply loss-making in Q1 (GAAP EPS of -$0.28) while emphasizing execution across its civil, defense and software lines | |
| AXONAxon Enterprise Inc. | 10 | +33.8% | AI Era Plan Driving Explosive Adoption | |
| BAThe Boeing Company | 7 | +14.0% | 737 production stabilized at 42/month, rate 47 this summer | |
| GDGeneral Dynamics | 8 | +10.3% | Strong Revenue Growth Across All Segments | |
| GEGE Aerospace | 7 | +24.7% | Exceptional Commercial Services Growth | |
| HIIHuntington Ingalls Industries | 6 | +13.3% | Strong Shipbuilding Revenue Growth Continues at 18% | |
| LHXL3Harris | 8 | +11.9% | Revenue surged to $5.7 billion with 15% organic growth and broad-based strength across all segments, while GAAP EPS of $2.72 rose 33% year-over-year | |
| LMTLockheed Martin | 4 | +0.3% | Munitions Production Ramp Accelerates | |
| LUNRIntuitive Machines, Inc. | 3 | +198.7% | Intuitive Machines reported record first-quarter revenue of $186.7 million, roughly 3x the prior-year quarter, though the increase was driven almost entirely by the January 2026 Lanteris acquisition rather than organic growth | |
| NOCNorthrop Grumman | 6 | +4.4% | B-21 Production Rate Acceleration | |
| RKLBRocket Lab USA, Inc. | 8 | +63.5% | Rocket Lab delivered its strongest first quarter ever, with record revenue of $200.3 million, up 63.5% year-over-year and just above the high end of guidance, led by Space Systems at $136.7 million (up 57.2%) | |
| RTXRTX Corporation | 9 | +8.7% | Strong Organic Growth Across All Three Channels | |
| SPCXSpace Exploration Technologies Corp. | Has not reported Q1 2026 | n/a | Has not reported Q1 2026 | |
| TDGTransDigm Group | 10 | +18.3% | TransDigm delivered a beat-and-raise second quarter, with GAAP revenue up roughly 18% year over year (organic growth of approximately 11%) as all three channels grew: commercial aftermarket rose about 14%, commercial OEM about 12%, and defense about 11% | |
| TXTTextron | 7 | +11.8% | Industrial Separation Announced to Create Pure-Play A&D |
Record Q1 Revenue Up 19% with 32% EBITDA Margin
Archer Aviation, a pre-commercial eVTOL developer, remained pre-revenue and deeply loss-making in Q1 (GAAP EPS of -$0.28) while emphasizing execution across its civil, defense and software lines
737 production stabilized at 42/month, rate 47 this summer
| Company | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 |
|---|---|---|---|---|---|---|
| HWM | 9 | 9 | 9 | 9 | 9 | 9 |
| ACHR | 5 | 5 | 5 | 5 | 5 | 5 |
| AXON | 8 | 8 | 8 | 8 | 10 | 10 |
| BA | 2 | 8 | 8 | 8 | 9 | 7 |
| GD | 8 | 8 | 8 | 8 | 6 | 8 |
| GE | 6 | 8 | 9 | 9 | 9 | 7 |
| HII | 3 | 5 | 7 | 9 | 9 | 6 |
| LHX | 8 | 5 | 7 | 8 | 7 | 8 |
| LMT | 6 | 7 | 6 | 8 | 7 | 4 |
| LUNR | 8 | 3 | 5 | 2 | 3 | 3 |
| NOC | 6 | 1 | 7 | 8 | 9 | 6 |
| RKLB | 8 | 8 | 8 | 8 | 8 | 8 |
| RTX | 9 | 6 | 5 | 9 | 7 | 9 |
| SPCX | No score | No score | No score | No score |
Strong Revenue Growth Across All Segments
Strong Shipbuilding Revenue Growth Continues at 18%
Revenue surged to $5.7 billion with 15% organic growth and broad-based strength across all segments, while GAAP EPS of $2.72 rose 33% year-over-year
Intuitive Machines reported record first-quarter revenue of $186.7 million, roughly 3x the prior-year quarter, though the increase was driven almost entirely by the January 2026 Lanteris acquisition rather than organic growth
Rocket Lab delivered its strongest first quarter ever, with record revenue of $200.3 million, up 63.5% year-over-year and just above the high end of guidance, led by Space Systems at $136.7 million (up 57.2%)
Has not reported Q1 2026
TransDigm delivered a beat-and-raise second quarter, with GAAP revenue up roughly 18% year over year (organic growth of approximately 11%) as all three channels grew: commercial aftermarket rose about 14%, commercial OEM about 12%, and defense about 11%
| No score |
| No score |
| TDG | 9 | 7 | 8 | 9 | 7 | 10 |
|---|
| TXT | 3 | 5 | 5 | 7 | 9 | 7 |
|---|