【SMM Aluminum Flash News】Alcoa Misses Q1 Earnings and Revenue Expectations Amid Rising Aluminum Prices

Published: Apr 17, 2026 11:41

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Despite rising aluminum prices, Alcoa's first-quarter earnings and revenue both missed expectations. The company reported Q1 revenue of $3.19 billion, a 5.3% year-over-year decrease, below the expected $80 million; adjusted earnings per share were $1.40, compared to the expected $1.55. In the first quarter ending March 31, the company's alumina production decreased 5% quarter-over-quarter to 2.4 million tonnes, while aluminum production remained flat at 607,000 tonnes. Third-party alumina shipments declined by 31% due to lower sales of externally sourced alumina to fulfill customer commitments, seasonally reduced shipments in the first quarter, and shipping delays in Australia. Total aluminum shipments decreased by 8%.

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