Alcoa (NYSE:AA) reported third-quarter 2026 net income attributable to the company of $483 million, or $1.81 per share, compared with $407 million in the prior quarter, as improved operating performance and higher alumina prices helped offset lower metal prices.
Adjusted net income attributable to
Alcoa (NYSE:AA) CFO Molly Beerman said the aluminum producer is carrying momentum from the second quarter into the third quarter, supported by strong production, pricing realization and demand from customers in North America and Europe.
Speaking at the Jefferies Global Industrials Conference 2026,
Alcoa is extracting gallium at its Wagerup refinery to supply tech and defense markets, backed by government funding and a Sojitz off-take deal, while its core aluminum business funds the pivot.
A new Section 232 tariff proclamation favors U.S. aluminum onshoring, boosting Century Aluminum and Alcoa. Both firms are expanding domestic smelting capacity as tariff cuts stabilize margins and reprice their stocks.
Alcoa shares fell after Q2 2026 earnings missed estimates and guidance was cut, but the drop was driven more by its $4.7 billion South32 acquisition than weak results.
Alcoa (NYSE:AA) held its second-quarter earnings conference call on Thursday. Below is the complete transcript from the call. This content is powered by Benzinga APIs. For comprehensive financial data and transcripts,
Alcoa Corporation (NYSE: AA) expected to report Q2 earnings of $2.24 per share and $4.12 billion in revenue on July 16. Acquiring South32's assets. Analysts' ratings available on Benzinga.
Alcoa agreed to acquire South32's bauxite, alumina, and aluminum assets for $4.1 billion, sending shares down 9% to $47.41 amid dilution and bridge financing concerns.
The sell-off may prove premature, as aluminum inventory levels remain relatively low and it's unclear when smelters in the Arabian Peninsula will return to full capacity.
