Alcoa Corporation Reports Third Quarter 2026 Results
Alcoa reported 3Q26 revenue of $3.70 billion, up 24% YoY but down 7% sequentially, with net income of $483 million ($1.81/share) and adjusted EPS of $1.82. Cash generation was strong: $643 million from operations and $472 million of free cash flow, ending the quarter with $4.4 billion in cash including $2.6 billion raised for the AliGroup acquisition of South32's bauxite, alumina, and aluminum assets. The AliGroup deal remains on track to close in the first half of 2027 after South32 shareholder approval on October 15; Alcoa also disclosed potential Massena East sale proceeds of up to $315 million tied to data center development.
Key figures
- Eps
- 1.81
- Revenue
- 3704000000
- Guidance
- Reaffirmed 2026 Alumina production 9.5-9.6M mt and shipments 11.5-11.6M mt; Aluminum production 2.4-2.6M mt and shipments 2.6-2.8M mt; Q4 Aluminum segment EBITDA faces ~$30M raw-material/maintenance and ~$30M alumina cost headwinds; FY interest expense ~$185M; Q4 operational tax expense ~$65-75M
- Revenue Yoy
- 24%
- Fcf
- 472000000
- Net income
- 483000000
- Adjusted eps
- 1.82
- Cash balance
- 4400000000
- Adjusted net income
- 485000000
- Cash from operations
- 643000000
- Sequential revenue change
- -7%
- Interest expense fy26 guidance
- 185000000
- Adjusted ebitda ex special items
- 789000000
AI analysis
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