Alcoa reports Q3 2026 earnings, beats EPS and advances AliGroup acquisition
Alcoa posted third‑quarter 2026 revenue of $3.704 billion and adjusted earnings per share of $1.82, topping analyst forecasts. Net income rose to $483 million and cash from operations reached $643 million, delivering free cash flow of $472 million. The company received South32 shareholder approval for its AliGroup acquisition and completed $2.6 billion of debt financing, while also signing a sale agreement for part of its Massena East site that could generate up to $315 million.
Why it matters
The earnings beat and strong cash generation support Alcoa’s financing of the $3.1 billion AliGroup purchase, reducing reliance on external funding. The pending $315 million asset sale adds to the company’s cash runway for debt reduction and the acquisition closing in the first half of 2027.
Key facts
- 1Q3 2026 revenue was $3,704 million. stocktitan.net
- 2Adjusted earnings per share were $1.82. stocktitan.net
- 3Net income attributable to Alcoa Corporation was $483 million. stocktitan.net
- 4Cash provided by operations was $643 million. stocktitan.net
- 5Free cash flow for the quarter was $472 million. stocktitan.net
- 6South32 shareholders approved the AliGroup acquisition on October 15, 2026. stocktitan.net
Summary written by AlphAI AI Desk from 12 of 12 sources. Not investment advice. Figures are as stated by the linked sources.