$Alcoa (AA.US)$In Q3 2026, total revenue reached $3.704 billion, up 24% year over year. Diluted earnings per share were $1.81 (compared to $0.88 in the prior period), a 106% increase year over year. Net profit stood at $483 million, up 108% year over year. Non-GAAP net profit was $485 million, with Non-GAAP earnings per share of $1.82 (versus -$0.02 in the prior period).
The company did not provide specific guidance for fourth-quarter revenue or EPS; it expects the fourth quarter of 2026 to maintain the strong operating performance seen in the third quarter, with both alumina and aluminum segment production and shipments expected to increase. Adjusted EBITDA for the alumina segment is forecast to be roughly flat sequentially; for the aluminum segment, adjusted EBITDA is expected to face a roughly $30 million sequential headwind due to higher raw-material costs and planned maintenance, with alumina costs accounting for approximately $30 million of that impact. Other income is projected to rise by about $20 million sequentially, driven by increased interest expenses related to the AliGroup acquisition; full-year interest expense is estimated at approximately $185 million; and fourth-quarter operating taxes and fees are expected to total between $65 million and $75 million.
William F. Oplinger, President and CEO of Alumina Corporation of America, stated: "In the third quarter, we advanced the AliGroup acquisition, improved the performance of our alumina refineries, and increased output across our smelting portfolio. Looking ahead, we will remain focused on strengthening safety performance, maintaining operational stability, and sustaining this momentum as we work to complete the AliGroup acquisition in the first half of 2027."
