Alcoa Reports Q2 Profit Surge, Revenue Up 3.9%

Alcoa Corp. reported a profit of $164 million, or $0.62 per share, in Q2, compared to a $20 million, or $0.11 per share, loss last year. The company's revenue rose 3.9% to $3.018 billion from $2.906 billion last year.

Alcoa Corp (NYSE: AA) reported a profit of $164 million, or $0.62 per share, in the second quarter 2025, compared to a $20 million, or $0.11 per share, loss last year. The company's revenue rose 3.9% to $3.018 billion from $2.906 billion last year [2].

The company's adjusted earnings per share (EPS) for the quarter ended June 30, 2025, were 39 cents, beating the mean expectation of eight analysts at 31 cents. The revenue increase was driven by a 3% rise in aluminum shipments and favorable currency impacts, partially offset by lower average realized third-party prices [1].

Alcoa Corp also reported a 4% increase in alumina production, which was flat sequentially, and a 1% increase in aluminum production, primarily due to progress on the Alumar, Brazil smelter restart. The company's adjusted net income was $103 million, or $0.39 per share, excluding the impact from net special items of $61 million [2].

The company's cash balance increased to $1.5 billion, with cash provided from operations at $488 million. Free cash flow for the quarter was $357 million, up from $240 million in the same period last year. Alcoa's working capital days remained at 47, with an increase in inventory days fully offset by an increase in accounts payable days and a decrease in accounts receivable days [2].

Key actions included the completion of the sale of Alcoa's full ownership interest in the Ma’aden joint venture and a favorable decision on an Australian tax dispute. Additionally, Alcoa redirected Canadian-produced aluminum to customers outside the U.S. to mitigate additional tariff costs [2].

Analysts have maintained a "buy" rating on Alcoa Corp, with 7 "strong buy" or "buy," 4 "hold," and 1 "sell" or "strong sell" recommendation. The median 12-month price target for Alcoa Corp is $35.00, about 18.4% above its last closing price of $28.56 [1].

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3TD1WQ:0-alcoa-corp-reports-results-for-the-quarter-ended-june-30-earnings-summary/
[2] https://news.alcoa.com/press-releases/press-release-details/2025/Alcoa-Corporation-Reports-Second-Quarter-2025-Results/default.aspx