Quarterly ResultJul 16, 2026, 04:17 PM
Alcoa Q2 Revenue $4.0B, EPS $1.53; Announces South32 Acquisition
AI Summary
Alcoa Corporation announced strong second-quarter 2026 financial results, achieving record quarterly revenue of $3.966 billion, a 24% sequential increase. The company reported adjusted net income of $562 million and adjusted EBITDA of $901 million, both up 51% sequentially. Alongside these results, Alcoa entered a definitive agreement to acquire South32's bauxite, alumina, and aluminum assets for an upfront consideration of approximately $4.1 billion, reinforcing its strategic position. The company also updated its 2026 alumina production outlook due to disruptions at its Pinjarra refinery.
Key Highlights
- Alcoa reported record quarterly revenue of $3.966 billion in Q2 2026, a 24% sequential increase.
- Net income attributable to Alcoa Corporation was $407 million, or $1.53 per share.
- Adjusted net income increased 51% sequentially to $562 million, or $2.12 per share.
- Adjusted EBITDA excluding special items rose 51% sequentially to $901 million.
- Alcoa entered a definitive agreement to acquire South32's AliGroup for $4.1 billion upfront.
- Generated $608 million in cash from operations and $422 million in free cash flow.
- Redeemed the remaining $219 million of 6.125% Senior Notes due 2028.
- Decreased 2026 alumina production outlook to 9.5-9.6 million metric tons due to Pinjarra disruptions.
Price Impact
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