Alcoa Q2 FY26 net income slips 4.2% to $407 million; revenue rises 24% to $3.97 billion vs Q1 FY26 - AA News | RalliesAlcoa Q2 FY26 net income slips 4.2% to $407 million; revenue rises 24% to $3.97 billion vs Q1 FY26
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AA• Quarterly earnings and revenue
- Alcoa posted 2Q26 net income of USD 407 million, down 4% from 1Q26; EPS edged down to USD 1.53 from USD 1.60.
- Revenue climbed to a quarterly record USD 3.97 billion, up 24% from 1Q26.
- Adjusted net income rose 51% from 1Q26 to USD 562 million; adjusted EBITDA excluding special items increased 51% to USD 901 million.
Cash flow and acquisition agreement
- Cash from operations totaled USD 608 million; free cash flow was USD 422 million, ending the quarter with USD 1.4 billion of cash.
- Alcoa agreed to buy South32’s interests in bauxite, alumina and aluminum assets for about USD 4.1 billion, plus up to USD 750 million.
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