Alcoa posts Q3 2026 earnings beat, strong cash flow and advances AliGroup acquisition
Alcoa reported third‑quarter 2026 results on Oct. 15, posting adjusted earnings per share of $1.82, beating analyst forecasts. Revenue was $3.7 billion and net income rose to $483 million year‑over‑year. The company generated $643 million of cash from operations, $472 million of free cash flow, and secured $2.6 billion of debt financing for its pending AliGroup acquisition, which received South32 shareholder approval on Oct. 15, 2026. It also entered a definitive agreement to sell portions of the Massena East site for up to $315 million.
Why it matters
The earnings beat and robust cash generation improve Alcoa’s balance sheet ahead of the $3.1 billion cash consideration for the AliGroup deal, reducing financing risk for the transaction (the company says). The Massena East sale provides additional cash to fund the acquisition and meet its asset‑monetisation target.
Key facts
- 1Adjusted earnings per share were $1.82 (adjusted EPS) in Q3 2026. stocktitan.net
- 2Revenue for the quarter was $3.7 billion. stocktitan.net
- 3Net income attributable to Alcoa was $483 million. stocktitan.net
- 4Adjusted EBITDA excluding special items was $789 million. stocktitan.net
- 5Cash provided by operations was $643 million. stocktitan.net
- 6Free cash flow was $472 million. stocktitan.net
Summary written by AlphAI AI Desk from 20 of 28 sources. Not investment advice. Figures are as stated by the linked sources.