Possibly. Def needs new brushes and the comm cutting back. Depends where the smoke came from…

Impossible to put smoke back in, commutator has been damaged, have the brushes worn too short or stuck in holder? Look very carefully at armature windings for any discolouration from overheating. A faulty winding will tend to cause excessive arcing around the commutator, this is usually game over for the armature. If the field has survived then if available a new armature may be all that it required otherwise it's new motor time.

Mike

Perhaps one of the comm segments came away causing the brushes to bounce and cause the arcing and eventual failure due to heat generated.
Looks like it's scrap to me, at least risky to spend a lot of money for a new comm to then find the wound fields are damaged.

Emgee

Sorry to be the bearer of bad news. The commutator is well and truly dekcoof and when the motor stops in a mess like yours there is not normally electric smoke, just a spluttering halt. When in a mess like that with smoke it is normally a shorted armature winding. The field windings are probably ok but nowadays the cost of an armature (if you can source one) is not much short of a new motor so in my previous capacity of washing machine fixer, I would recommend a new motor.