earnings
confidence high
sentiment positive
materiality 0.75
Alcoa Q3 2026 net income $483M, EPS $1.81; revenue $3.70B, adjusted EBITDA $789M
Alcoa Corp
- Net income attributable to Alcoa was $483M, or $1.81 EPS, vs $232M/$0.88 in 3Q25; adjusted net income $485M, or $1.82 EPS.
- Revenue $3.704B, down 7% sequentially but up 24% YoY from $2.995B; adjusted EBITDA $789M vs $901M in 2Q26 and $270M in 3Q25.
- Cash from operations was $643M; free cash flow $472M; ended quarter with $4.4B cash, including $2.6B financing obtained for the AliGroup acquisition.
- South32 holders approved AliGroup acquisition Oct. 15, 2026; close targeted 1H27; Alcoa raised $2.6B via 6.625% 2034 and 6.875% 2036 notes for ~$3.1B cash consideration.
- Entered definitive agreements to sell portions of Massena East site; expects $50M-$65M at closing, plus up to $250M for approved data center capacity, total potential $315M.