The American aluminum company Alcoa increased net profit in the second quarter of 2026 by 2.5 times, revenue by 31% - to a record level for this period of the year.
Revenue, however, did not meet market expectations, as did adjusted profit. In addition, Alcoa cut its full-year alumina production forecast due to problems at its Australian plant.
The company said in a press release that net income in the April-June period was $407 million, or $1.53 per share, compared with $164 million, or $0.62 per share, for 2.0%. one-time factors rose to $2.12 per share from $0.39 per share a year earlier, but was worse than the consensus forecast of analysts surveyed by FactSet of $2.25 per share.
Quarterly revenue rose to $3.97 billion from $3.02 billion.
Alumina production in the second quarter decreased by 6% compared to the same period last year, to 2.218 million tons. Aluminum production increased by 11% – to 636 thousand tons. The worsening outlook is due to reduced production at its Australian plant, in particular due to unstable energy supplies. 2.4-2.6 million tons, supplies – 2.6-2.8 million tons.
The company's shares fell 2.8% in additional trading on Thursday. Since the beginning of this year, their cost has decreased by 12%
