Hexcel reported third-quarter 2026 sales of $496 million, up 8.8%, and adjusted operating margin of 11%; it reaffirmed 2026 guidance of $2.025 billion to $2.125 billion, diluted EPS of $2.30 to $2.40 and free cash flow greater than $195 million.
HXL · Hexcel Corp
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Hexcel Corporation reported third-quarter 2026 net sales of $496.4 million, operating income of $54.8 million and net income of $38.6 million. On October 21, 2026, its Board increased share repurchase authorization to $750 million and declared a $0.18 per-share dividend.
Hexcel reported Q3 2026 sales of $496 million, up 8.8%, and adjusted diluted EPS of $0.50 versus $0.37, while reaffirming 2026 guidance. The Board increased the share repurchase authorization to $750 million from $381 million.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Jul 30, 2026TL;DR. Hexcel posted strong Q2 2026 results with 8% sales growth driven by commercial aerospace (A350, 787, narrowbodies), expanded adjusted operating margins to 13.9%, and raised full-year 2026 sales and adjusted EPS guidance, while management noted softer near-term defense/industrial sales and planned second-half hiring and capacity-restart costs.
- + Q2 sales rose 8.0% year-over-year to $529.3 million led by 18.3% growth in commercial aerospace.
- + Adjusted operating margin expanded to 13.9% from 11.1% on operating leverage.
- + Hexcel raised full-year 2026 sales guidance to $2.025–$2.125 billion and adjusted EPS to $2.30–$2.40.
- + Six-month free cash flow swung positive to $51.8 million from a use of $46.6 million.
- + Management targets ~$500M of incremental commercial aerospace sales and ~$200M in defense/space by end of decade, supporting a path to 18% adjusted operating margin.
- + New long-term agreements with Boeing announced at Farnborough, plus NCAMP qualification for HexFi M91 prepreg.
- − Defense, Space & Other sales fell 7.2% in Q2 due to the Austrian divestiture and lower industrial volume.
- − Foreign exchange was a ~90 bps headwind to Q2 operating margin.
- − Implied second-half adjusted EPS is lower than first half due to Q3 seasonality, hiring, line restart and oil conservatism.
- − Net leverage of 2.3x remains above the 1.5–2.0x target; no Q2 share repurchases as debt paydown is prioritized.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
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Guidance & track record
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Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Aerospace & Defense — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
HXL
this stock
Hexcel Corp
|
$6.02B | +7.5% | -0.5% | 35.1 | 7.0% |
|
SPCX
Space Exploration Technologies Corp
|
$1.89T | — | — | — | 1.0% |
|
GE
General Electric Co
|
$342.88B | +7.7% | +18.5% | 38.3 | 1.2% |
|
RTX
RTX Corp
|
$267.97B | +8.3% | +17.1% | 32.2 | 1.0% |
|
EADSF
Airbus SE
|
$178.35B | -3.2% | — | — | 0.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Oct 21, 2026
- This year
- 21
Hexcel reported Q3 2026 sales of $496 million, up 8.8%, and adjusted diluted EPS of $0.50 versus $0.37, while reaffirming 2026 guidance. The Board increased the share repurchase authorization to $750 million from $381 million.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| HXL | -1.2% | -11.9% | -9.7% | +2.1% | +7.5% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -3.8% | -10.8% | -10.2% | +2.3% | -3.1% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.