Alcoa Posts $1.82 Adjusted EPS as Q3 Revenue Falls 7% Sequentially

Alcoa posted $1.82 in adjusted earnings per share for the third quarter as consolidated revenue fell 7% sequentially, with aluminum-segment sales also declining amid lower shipments and realized prices. For the three months ended Sept. 30, 2026, revenue was $3.704 billion. It had been $3.966 billion in the second quarter and $2.995 billion in the year-earlier quarter. Alcoa recorded $483 million in attributable net income, equivalent to $1.81 per share. Adjusted net income totaled $485 million, with adjusted earnings per share at $1.82. The adjusted figures are non-GAAP measures that exclude restructuring and other charges, tax items and other special items. Adjusted EPS was $2.12 in the prior quarter and a loss of $0.02 per share a year earlier.

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