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Alcoa AA Q1 2026 earnings

Reported April 16, 2026 · After market close

Revenue$3.2BMiss by $86.5MDiluted EPS$1.40Miss by $0.20
Revenue estimate$3.3B
EPS estimate$1.60

Next report

Jul 16, 2026 (In 6 days)
Revenue estimate$4.0B
EPS estimate$2.29

Financials

Q1 2026

Income statement

See full
Revenue$3.2B-5.2%
Gross profit$681.0M-26.9%
Net income$425.0M-22.4%
EPS (diluted)$1.60-22.7%

Balance sheet

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Cash & equivalents$1.4B+12.6%
Total debt$2.6B-2.6%
Total assets$16.6B+14.2%

Cash flow

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Operating cash flow-$179.0M-339%
CapEx$119.0M+28.0%
Free cash flow-$298.0M-1,556%

Valuation & ratios

Valuation

as of 07/09/26
See full
Market cap$12.8B+122%
Enterprise value$14B+101%
P/E12.4×+5.7×
P/S1×+0.6×

Profitability

See full
Gross margin15.2%-5.2pp
Net margin8.2%+1.4pp

Returns & leverage

See full
Current ratio1.5×-0.2×

Segments

By product

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Aluminum$2.6B+32.1%
Alumina$521.0M-57.0%
Bauxite$118.0M-51.2%
Energy$77.0M+133%
Other Products-$105.0M-45.8%

By segment

See full
Aluminum$2.5B+33.4%
Alumina$1.1B-49.3%

Versus estimates

Revenue

Q1 2026$3.2BMiss by $86.5M
Q4 2025$3.4BBeat by $173.0MQ3 2025$3.0BMiss by $96.6MQ2 2025$3.0BBeat by $110.4MQ1 2025$3.4BMiss by $105.9MQ4 2024$3.5BBeat by $24.5M

Diluted EPS

Q1 2026$1.40Miss by $0.20
Q4 2025$1.26Beat by $0.33Q3 2025-$0.02Beat by $0.12Q2 2025$0.39Beat by $0.07Q1 2025$2.15Beat by $0.47Q4 2024$1.04Beat by $0.11

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Questions, answered.

When did Alcoa report Q1 2026 earnings?
Alcoa (AA) reported Q1 2026 earnings on April 16, 2026 after market close.
What were Alcoa's Q1 2026 revenue and EPS?
Alcoa reported revenue of $3.2B and diluted EPS of $1.40 for Q1 2026.
Did Alcoa beat estimates in Q1 2026?
Revenue missed the consensus estimate of $3.3B by $86.5M. EPS missed the consensus estimate of $1.60 by $0.20.
How did Alcoa's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 5.2% from $3.4B a year earlier and diluted EPS declined 34.9% from $2.15.
Where can I find Alcoa's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-154986) and the 10-Q periodic report (0001193125-26-197447) directly on SEC EDGAR. The filing index links above go to sec.gov.