Alcoa (AA) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

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Alcoa (AA) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

For the quarter ended June 2026, Alcoa (AA) reported revenue of $3.97 billion, up 31.4% over the same period last year. EPS came in at $2.12, compared to $0.39 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $3.91 billion, representing a surprise of +1.53%. The company delivered an EPS surprise of -9.01%, with the consensus EPS estimate being $2.33.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Alcoa performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Average realized third-party price per metric ton of alumina: $334.00 compared to the $319.06 average estimate based on two analysts. Average realized third-party price per metric ton of aluminum: $4,752.00 versus $5,009.54 estimated by two analysts on average. Average cost per metric ton of aluminum shipped: $2,481.00 versus the two-analyst average estimate of $2,578.81. Third-party alumina shipments in Tons: 1,618.00 Kmt versus 1,568.57 Kmt estimated by two analysts on average. Total sales- Aluminum: $3.34 billion versus the three-analyst average estimate of $3.34 billion. The reported number represents a year-over-year change of +70.1%. Total sales- Alumina: $1.09 billion versus $975.67 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -28.2% change. Third-party sales- Alumina: $552 million compared to the $489.67 million average estimate based on two analysts. The reported number represents a change of -34.5% year over year. Total Third-party sales: $3.97 billion versus the two-analyst average estimate of $3.99 billion. The reported number represents a year-over-year change of +31.9%. Total Third-party sales- Alumina (including Bauxite): $637 million versus the two-analyst average estimate of $585.03 million. Intersegment sales- Alumina: $453 million versus $430.47 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3% change. Third-party sales- Aluminum: $3.33 billion versus the two-analyst average estimate of $3.4 billion. The reported number represents a year-over-year change of +70.3%. Third-party sales- Bauxite: $85 million versus $95.36 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -59.1% change.

View all Key Company Metrics for Alcoa here>>>

Shares of Alcoa have returned -21.3% over the past month versus the Zacks S&P 500 composite's +0.5% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.

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