Alcoa Corporation reported third quarter 2026 financial results that exceeded analyst estimates for both revenue and earnings. The company achieved sequential production growth in both segments and generated $472 million in free cash flow, finishing the period with a cash balance of $4.4 billion.
Key Highlights
- Revenue reached $3.70 billion, surpassing the $2.98 billion estimate despite a sequential decrease in aluminum shipments.
- Adjusted EPS of $1.82 beat the $1.65 analyst forecast, supported by higher realized alumina prices and improved production costs.
- Alumina production increased 11% sequentially to 2.5 million metric tons, primarily due to operational stability at the Pinjarra refinery.
- The company reaffirmed full-year 2026 production and shipment guidance for both the Aluminum and Alumina segments.