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Alcoa AA Q2 2026 earnings

Reported July 16, 2026 · After market close

Revenue$4.0BMiss by $22.4M
EPS$2.12Miss by $0.21
Revenue estimate$4.0B
EPS estimate$2.33
“During the second quarter, in addition to delivering strong financial results that captured favorable aluminum prices, our team executed on strategic initiatives, most notably the announced agreement with South32”
Alcoa President

Earnings data and commentary were extracted with AI from company filings and may contain errors. Verify important details in the filing.

Next report

Oct 21, 2026 (in 2 months)
Revenue estimate$3.9B
EPS estimate$1.56

Financials

Q2 2026

Income statement

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Revenue$4.0B+31.4%
Gross profit$999.0M+173%
Net income$407.0M+148%
EPS (diluted)$1.53+147%

Balance sheet

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Cash & equivalents$1.4B-10.7%
Total debt$2.2B-13.8%
Total assets$16.9B+12.4%

Cash flow

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Operating cash flow$608.0M+24.6%
CapEx-$424.0M-424%
Free cash flow$184.0M-48.5%

Valuation & ratios

Valuation

as of 08/27/26
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Market cap$13.12B+59.4%
Enterprise value$14B+50.5%
P/E10.3×+2.1×
P/S1×+0.3×

Profitability

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Gross margin18.8%-1.4pp
Net margin9.4%+1.5pp

Returns & leverage

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Current ratio1.5×-0.1×

Segments

By product

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Alumina$4.0B+378%
Aluminum$4.0B+99.0%
Bauxite$4.0B+1,854%
Energy$4.0B+6,510%
Other Products$4.0B+3,473%

FAQ

When did Alcoa report Q2 2026 earnings?
Alcoa (AA) reported Q2 2026 earnings on July 16, 2026 after market close.
What were Alcoa's Q2 2026 revenue and EPS?
Alcoa reported revenue of $4.0B and eps of $2.12 for Q2 2026.
Did Alcoa beat estimates in Q2 2026?
Revenue missed the consensus estimate of $4.0B by $22.4M. EPS missed the consensus estimate of $2.33 by $0.21.
How did Alcoa's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 31.4% from $3.0B a year earlier and eps grew 443.6% from $0.39.
Where can I find Alcoa's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-306118) and the 10-Q periodic report (0001193125-26-326265) directly on SEC EDGAR. The filing index links above go to sec.gov.