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Kaiser Aluminum KALU Q2 2026 earnings

Reported July 22, 2026 · After market close

Revenue$1.3BBeat by $139.2M
EPS$5.53Beat by $2.87
Revenue estimate$1.1B
EPS estimate$2.66
Higher-value packaging mix, improving aerospace demand, favorable scrap spreads and strong customer activity drove meaningful EBITDA growth, supported by metal lag tailwinds. While we expect aluminum price dynamics to normalize over the balance of the year, our underlying operations remain strong, and we are raising our full year outlook based on continued confidence in the business.
Keith A. Harvey

Next report

Oct 21, 2026 (in a month)
Revenue estimate$1.1B
EPS estimate$2.30

Financials

Q2 2026

Income statement

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Revenue$1.3B+52.7%
Gross profit$199.0M+98.4%
Operating income$133.7M+252%
Net income$96.8M+317%
EPS (diluted)$5.72+306%

Balance sheet

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Cash & equivalents$58.5M+347%
Total debt$1.1B-3.4%
Total equity$943.8M+21.6%
Total assets$2.9B+15.8%

Cash flow

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Operating cash flow$59.5M+274%
CapEx$24.4M-44.0%
Free cash flow$35.1M+227%

Valuation & ratios

Valuation

as of 09/17/26
See full
Market cap$2.49B+100%
Enterprise value$3.5B+49.8%
P/E11×-6.0×
P/S0.6×+0.2×

Profitability

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Gross margin14.5%+2.6pp
Operating margin8.2%+4.0pp
Net margin5.5%+3.1pp
FCF margin2.1%+1.5pp

Returns & leverage

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Return on equity26.4%+16.6pp
Debt / equity1.1×-0.3×
Current ratio2.5×-0.2×

Segments

By product

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Packaging$580.4M+70.3%
Aero Hs Products$305.3M+34.0%
Ge Products$280.7M+51.4%
Automotive Extrusions$90.2M+30.9%

FAQ

When did Kaiser Aluminum report Q2 2026 earnings?
Kaiser Aluminum (KALU) reported Q2 2026 earnings on July 22, 2026 after market close.
What were Kaiser Aluminum's Q2 2026 revenue and EPS?
Kaiser Aluminum reported revenue of $1.3B and eps of $5.53 for Q2 2026.
Did Kaiser Aluminum beat estimates in Q2 2026?
Revenue beat the consensus estimate of $1.1B by $139.2M. EPS beat the consensus estimate of $2.66 by $2.87.
How did Kaiser Aluminum's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 52.7% from $823.1M a year earlier and eps grew 357.0% from $1.21.
Where can I find Kaiser Aluminum's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-312472) and the 10-Q periodic report (0001193125-26-314580) directly on SEC EDGAR. The filing index links above go to sec.gov.