Howmet Aerospace Inc. Financial Performance Summary

Howmet Aerospace Inc. 2026 Q2: IGT competitive scale: >50% share and capacity build-out

• Management stated they have a market share in excess of 50% globally for turbine blades in the IGT market and tied growth to willingness to invest.
• They cited a new plant built in Japan, major expansion in Europe, and capital build-out in Virginia, plus facilitization with substantial investments in new capital equipment.
• They described exiting or moving some nickel alloy work in Virginia to create additional space for IGT componentry and potentially titanium castings, to be deployed on a first-come-first-serve basis.
• They discussed technology evolution, expecting migration from Equiax toward directionally solidified and then single crystal over time, while noting customers currently prioritize whatever can be produced.
• They emphasized increased use of cored blades increasingly deployed toward 2030 and beyond, aligning with Howmet’s capabilities in very large core blades.