Alcoa Corp (AA) stock

AANYSEPrimary Production of AluminumFiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 15/3060% below fair value

$39.19−0.70 (-1.75%)

Close on Oct 30, 2026Market cap $10.34BP/E 6.8Yield 0.26%

Earnings

Alcoa's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report

Jan 21, 2027

Q4 FY2026 · estimated, after the close

Revenue, Q3 FY2026

$3.70B

+23.3% on a year earlier

Adjusted earnings (loss) per common share, Q3 FY2026

$1.82

-$0.02 a year earlier

Latest guidance

Raised

Oct 15, 2026 · 6 items

Quarterly results

Revenue and earnings per share from each of Alcoa's earnings releases, newest first

Quarter	Reported	Revenue	YoY	EPS	Adj. EPS	Source
Q4 FY2026ended Dec 31, 2026	Jan 21, 2027Expected	–	–	–	–	–
Q3 FY2026ended Sep 30, 2026	Oct 15, 2026after the close	$3.70B	+23.3%	$1.81	$1.82	Release
Q2 FY2026ended Jun 30, 2026	Jul 16, 2026after the close	$3.97B	+31.4%	$1.53	$2.12	Release
Q1 FY2026ended Mar 31, 2026	Apr 16, 2026after the close	$3.20B	–	$1.60	$1.40	Release
Q4 FY2025ended Dec 31, 2025	Jan 22, 2026after the close	$3.40B	-2.5%	$0.85	$1.26	Release
Q3 FY2025ended Sep 30, 2025	Oct 22, 2025after the close	$3.00B	+3.3%	$0.88	-$0.02	Release
Q2 FY2025ended Jun 30, 2025	Jul 16, 2025after the close	$3.02B	+4.1%	$0.62	$0.39	Release
Q1 FY2025ended Mar 31, 2025	Apr 16, 2025after the close	–	–	$2.07	$2.15	Release
Q4 FY2024ended Dec 31, 2024	Jan 22, 2025after the close	$3.49B	+34.1%	$0.76	$1.04	Release
Q3 FY2024ended Sep 30, 2024	Oct 16, 2024after the close	$2.90B	+11.7%	$0.38	$0.57	Release
Q2 FY2024ended Jun 30, 2024	Jul 17, 2024after the close	$2.90B	+8.2%	$0.11	$0.16	Release
Q1 FY2024ended Mar 31, 2024	Apr 17, 2024after the close	$2.60B	-3.7%	-$1.41	-$0.81	Release
Q4 FY2023ended Dec 31, 2023	Jan 17, 2024after the close	$2.60B	-3.7%	-$0.84	-$0.56	Release
Q3 FY2023ended Sep 30, 2023	Oct 18, 2023after the close	$2.60B	-8.8%	-$0.94	-$1.14	Release
Q2 FY2023ended Jun 30, 2023	Jul 19, 2023after the close	$2.68B	-25.6%	-$0.57	-$0.35	Release
Q1 FY2023ended Mar 31, 2023	Apr 19, 2023after the close	$2.70B	-18.0%	-$1.30	-$0.23	Release
Q4 FY2022ended Dec 31, 2022	Jan 18, 2023after the close	$2.70B	-18.2%	-$2.12	-$0.70	Release
Q3 FY2022ended Sep 30, 2022	Oct 19, 2022after the close	$2.85B	-8.0%	-$4.17	-$0.33	Release
Q2 FY2022ended Jun 30, 2022	Jul 20, 2022after the close	$3.60B	–	$2.95	$2.67	Release
Q1 FY2022ended Mar 31, 2022	Apr 20, 2022after the close	$3.29B	–	$2.49	$3.06	Release
Q4 FY2021ended Dec 31, 2021	Jan 19, 2022after the close	$3.30B	–	-$2.11	$2.50	Release
Q3 FY2021ended Sep 30, 2021	Oct 14, 2021after the close	$3.10B	–	$1.76	$2.05	Release
Q2 FY2021ended Jun 30, 2021	Jul 15, 2021after the close	–	–	–	–	Filing
Q1 FY2021ended Mar 31, 2021	Apr 15, 2021after the close	–	–	–	–	Filing
Q4 FY2020ended Dec 31, 2020	Jan 20, 2021after the close	–	–	–	–	Filing
Q3 FY2020ended Sep 30, 2020	Oct 14, 2020after the close	–	–	–	–	Filing

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Alcoa's latest outlook for periods it has not reported yet, compared with what it said before

Metric	Period	Guidance	Before	Change	Given
operational tax expensenon-GAAP	Q4 FY2026	$65.00M – $75.00M	–	New	Oct 15, 2026
alumina production	FY2026	9.5 – 9.6	–	New	Jul 16, 2026
Alumina segment production	FY2026	9.5 – 9.6	–	New	Oct 15, 2026
Alumina segment shipment	FY2026	11.5 – 11.6	–	Raised	Oct 15, 2026
alumina shipments	FY2026	11.5 – 11.6	–	Raised	Jul 16, 2026
alumina shipments	FY2026	11.8 – 12	–	Raised	Jan 22, 2026
Aluminum segment production	FY2026	2.4 – 2.6	–	Lowered	Oct 15, 2026
Aluminum segment shipment	FY2026	2.6 – 2.8	–	Raised	Oct 15, 2026
aluminum shipments	FY2026	2.6 – 2.8	–	Raised	Jan 22, 2026
Interest expense	FY2026	$185.00M	–	New	Oct 15, 2026
total Alumina segment production	FY2026	9.7 – 9.9	9.7 – 9.9	Raised	Apr 16, 2026
total Alumina segment shipments	FY2026	11.8 – 12	–	Raised	Apr 16, 2026
total Aluminum segment production	FY2026	2.4 – 2.6	–	Lowered	Jul 16, 2026
total Aluminum segment production	FY2026	2.4 – 2.6	2.4 – 2.6	Lowered	Apr 16, 2026
total Aluminum segment shipments	FY2026	2.6 – 2.8	–	Raised	Jul 16, 2026
total Aluminum segment shipments	FY2026	2.6 – 2.8	–	Raised	Apr 16, 2026

Guidance history

Every forecast Alcoa put in an earnings release, newest first

Given	Metric	Period	Guidance	Change
Oct 15, 2026	Alumina segment production	FY2026	9.5 – 9.6	New
Oct 15, 2026	Alumina segment shipment	FY2026	11.5 – 11.6	Raised
Oct 15, 2026	Aluminum segment production	FY2026	2.4 – 2.6	Lowered
Oct 15, 2026	Aluminum segment shipment	FY2026	2.6 – 2.8	Raised
Oct 15, 2026	Interest expense	FY2026	$185.00M	New
Oct 15, 2026	operational tax expense	Q4 FY2026	$65.00M – $75.00M	New
Jul 16, 2026	alumina production	FY2026	9.5 – 9.6	New
Jul 16, 2026	alumina shipments	FY2026	11.5 – 11.6	Raised
Jul 16, 2026	total Aluminum segment production	FY2026	2.4 – 2.6	Lowered
Jul 16, 2026	total Aluminum segment shipments	FY2026	2.6 – 2.8	Raised
Jul 16, 2026	operational tax expense	Q3 FY2026	$80.00M – $90.00M	New
Apr 16, 2026	total Alumina segment production	FY2026	9.7 – 9.9	Raised
Apr 16, 2026	total Alumina segment shipments	FY2026	11.8 – 12	Raised
Apr 16, 2026	total Aluminum segment production	FY2026	2.4 – 2.6	Lowered
Apr 16, 2026	total Aluminum segment shipments	FY2026	2.6 – 2.8	Raised
Apr 16, 2026	operational tax expense	Q2 FY2026	$110.00M – $120.00M	New
Jan 22, 2026	total Alumina segment production	FY2026	9.7 – 9.9	New
Jan 22, 2026	alumina shipments	FY2026	11.8 – 12	Raised
Jan 22, 2026	total Aluminum segment production	FY2026	2.4 – 2.6	Lowered
Jan 22, 2026	aluminum shipments	FY2026	2.6 – 2.8	Raised
Jan 22, 2026	operational tax expense	Q1 FY2026	$65.00M – $75.00M	New
Oct 22, 2025	total Alumina segment production	FY2025	9.5 – 9.7	New
Oct 22, 2025	total Alumina segment shipments	FY2025	13.1 – 13.3	Raised
Oct 22, 2025	total Aluminum segment production	FY2025	2.3 – 2.5	Lowered
Oct 22, 2025	total Aluminum segment shipments	FY2025	2.5 – 2.6	Raised
Oct 22, 2025	operational tax expense	Q4 FY2025	$40.00M – $50.00M	New
Jul 16, 2025	net loss (pre-tax and noncontrolling interest) for the smelter per common share	FY2025	$0.35 – $0.42	New
Jul 16, 2025	operational tax expense	Q3 FY2025	$50.00M – $60.00M	New
Apr 16, 2025	operational tax benefit	Q2 FY2025	$50.00M – $60.00M	New
Apr 16, 2025	Alumina segment production	FY2025	9.5 – 9.7	Raised
Apr 16, 2025	Alumina segment shipments	FY2025	13.1 – 13.3	Raised
Apr 16, 2025	Aluminum segment production	FY2025	2.3 – 2.5	Lowered
Apr 16, 2025	Aluminum segment shipments	FY2025	2.6 – 2.8	Raised
Jan 22, 2025	operational tax expense	Q1 FY2025	$120.00M – $130.00M	New
Jan 22, 2025	total Alumina segment production	FY2025	9.5 – 9.7	New
Jan 22, 2025	alumina shipments	FY2025	13.1 – 13.3	Raised
Jan 22, 2025	total Aluminum segment production	FY2025	2.3 – 2.5	Lowered
Jan 22, 2025	aluminum shipments	FY2025	2.6 – 2.8	Raised
Oct 16, 2024	Other expenses sequential increase	Q4 FY2024	$20.00M	New
Oct 16, 2024	operational tax expense	Q4 FY2024	$120.00M – $130.00M	Raised
Oct 16, 2024	Alumina Segment Adjusted EBITDA sequential favorable impacts	Q4 FY2024	$30.00M	New
Oct 16, 2024	Alumina segment production	FY2024	9.8 – 10	New
Oct 16, 2024	Alumina segment shipments	FY2024	12.9 – 13.1	Raised
Oct 16, 2024	Aluminum segment production	FY2024	2.2 – 2.3	Lowered
Oct 16, 2024	Aluminum segment shipments	FY2024	2.5 – 2.6	Raised
Jul 17, 2024	Net income attributable to noncontrolling interest	Q3 FY2024	$20.00M	New
Jul 17, 2024	operational tax expense	Q3 FY2024	$60.00M – $70.00M	New
Jul 17, 2024	total Alumina segment production	FY2024	9.8 – 10	Raised
Jul 17, 2024	total Alumina segment shipments	FY2024	12.7 – 12.9	Raised
Jul 17, 2024	total Aluminum segment production	FY2024	2.2 – 2.3	Lowered
Jul 17, 2024	total Aluminum segment shipments	FY2024	2.5 – 2.6	Raised
Apr 17, 2024	operational tax expense	Q2 FY2024	$40.00M – $50.00M	New
Apr 17, 2024	total Alumina segment production	FY2024	9.8 – 10	Raised
Apr 17, 2024	total Alumina segment shipments	FY2024	12.7 – 12.9	Raised
Apr 17, 2024	total Aluminum segment production	FY2024	2.2 – 2.3	Lowered
Apr 17, 2024	total Aluminum segment shipments	FY2024	2.5 – 2.6	Raised
Apr 17, 2024	Interest expense	FY2024	$145.00M	New
Jan 17, 2024	alumina production	FY2024	9.8 – 10	New
Jan 17, 2024	alumina shipments	FY2024	12.7 – 12.9	Raised
Jan 17, 2024	aluminum production	FY2024	2.2 – 2.3	Lowered
Jan 17, 2024	Aluminum shipments	FY2024	2.5 – 2.6	Raised
Oct 18, 2023	operational tax expense	Q4 FY2023	$10.00M – $20.00M	New
Oct 18, 2023	total alumina shipments	FY2023	12.7 – 12.9	Raised
Oct 18, 2023	aluminum shipments	FY2023	2.5 – 2.6	Lowered
Jul 19, 2023	operational tax expense	Q3 FY2023	$10.00M – $20.00M	New
Jul 19, 2023	total alumina shipments	FY2023	12.7 – 12.9	Raised
Jul 19, 2023	total aluminum shipments	FY2023	2.5 – 2.6	Lowered
Apr 19, 2023	tax expense	Q2 FY2023	$30.00M – $40.00M	New
Apr 19, 2023	total alumina shipments	FY2023	12.7 – 12.9	Raised
Apr 19, 2023	total aluminum shipments	FY2023	2.5 – 2.6	Lowered
Jan 18, 2023	tax expense	Q1 FY2023	$5.00M – $15.00M	New
Jan 18, 2023	total alumina shipments	FY2023	12.7 – 12.9	New
Jan 18, 2023	Aluminum segment shipments	FY2023	2.5 – 2.6	Lowered
Oct 19, 2022	tax expense	Q4 FY2022	$50.00M – $60.00M	New
Oct 19, 2022	total Aluminum segment shipments	FY2022	2.5 – 2.6	Lowered
Oct 19, 2022	shipments	FY2022	13.1 – 13.3	Raised
Oct 19, 2022	annual bauxite shipments	FY2022	43 – 44	Raised
Jul 20, 2022	tax expense	Q3 FY2022	$100.00M – $110.00M	New
Jul 20, 2022	total Aluminum segment shipments	FY2022	2.5 – 2.6	Reaffirmed
Jul 20, 2022	projection for shipments	FY2022	13.6 – 13.8	Raised
Jul 20, 2022	annual bauxite shipments	FY2022	44 – 45	Raised
Apr 20, 2022	tax expense	Q2 FY2022	$220.00M – $230.00M	New
Apr 20, 2022	bauxite shipments	FY2022	46 – 47	Raised
Apr 20, 2022	total alumina shipments	FY2022	14.2 – 14.4	Lowered
Apr 20, 2022	aluminum shipments	FY2022	2.5 – 2.6	Lowered
Jan 19, 2022	tax expense	Q1 FY2022	$165.00M – $170.00M	New
Jan 19, 2022	total bauxite shipments	FY2022	48 – 49	New
Jan 19, 2022	Total alumina shipments	FY2022	14.2 – 14.4	Lowered
Jan 19, 2022	Aluminum segment shipments	FY2022	2.5 – 2.6	Lowered
Oct 14, 2021	tax expense	Q4 FY2021	$230.00M	New
Oct 14, 2021	Alumina	FY2021	14.1 – 14.2	New
Oct 14, 2021	Aluminum	FY2021	2.9 – 3	Lowered
Oct 14, 2021	Bauxite	FY2021	49 – 50	Raised

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.