Howmet Posts 45% Gas Turbine Revenue Growth and Claims Market Share Gains
As seen on the 24/7 Wall St. homepage on October 29, 2026.
Of particular note was the 45% year-over-year gas turbines revenue growth, which demonstrates both the extraordinary addition to output and, even more importantly, the increase in market share. Demand in the gas turbines market continues to strengthen with customers looking to increase volumes beyond previous expectations, which supports the outlook beyond 2028.
Howmet's CEO is telling investors the power-generation side of the business is taking share, with customers pushing for volumes past what they had already committed to. The company is now anchoring its demand visibility beyond 2028, a long runway for an aerospace name most people still value on jet engines.
Continue ReadingShow less
Howmet's gas turbines segment grew revenue 45% year over year in the 2026 Q3 earnings report, which CEO John Plant attributed to higher production output and, by his telling, even larger gains in market share against competitors.
Market share gains mean Howmet is capturing a larger slice of existing demand, a structural improvement that tends to be stickier than cyclical tailwinds alone.
Sponsored
Plant added that customers are now asking for volumes beyond what they had already committed to, which extends the visibility of demand further out than prior guidance suggested. The company is anchoring its forward outlook beyond 2028, an unusually long planning horizon for an industrial manufacturer.
For investors who track Howmet primarily as an aerospace supplier tied to commercial jet engine cycles, the gas turbines story adds a second demand driver that is currently accelerating on its own trajectory. Power generation and aerospace are running on different clocks right now, and both appear to be moving in Howmet's favor.
Sources
Mentioned: HWM