Alcoa (AA.US) reported third-quarter revenue of $3.7 billion, up nearly 24% year-on-year.

According to Jinse Finance APP, Alcoa Corporation (AA.US) released its financial report for the third quarter of 2026 on Thursday. The company reported revenue for the quarter of $3.704 billion, up 23.7% year-on-year but down 6.6% from the previous quarter; net profit attributable to the company was $483 million, higher than the previous quarter's $407 million; earnings per share were $1.81, higher than the previous quarter's $1.53.

Excluding special items, Alcoa's adjusted net profit for the third quarter was $485 million, down from $562 million in the previous quarter; adjusted earnings per share were $1.82, lower than the previous quarter's $2.12. Adjusted EBITDA was $789 million, down 12.4% quarter-on-quarter.

By business segment, third-quarter revenue from aluminum products was $3.137 billion, up 51.7% year-on-year; revenue from alumina products was $581 million, down 29.9% year-on-year. Due to falling metal prices, adjusted EBITDA for the aluminum division dropped from $1.073 billion in the previous quarter to $862 million. However, the adjusted EBITDA loss for the alumina division narrowed significantly from $96 million in the previous quarter to $1 million.

In terms of cash flow, Alcoa's operating cash flow for the third quarter was $643 million, and free cash flow was $472 million. As of the end of September, the company held approximately $4.4 billion in cash. Looking ahead for the full year, Alcoa expects 2026 alumina production to be between 9.5 million and 9.6 million tonnes, and aluminum production between 2.4 million and 2.6 million tonnes.