Alcoa posts record Q2 2026 revenue of US$4.0 billion and agrees to buy South32 assets for about US$4.1 billion
AI Market Summary
Alcoa posted record Q2 FY2026 revenue (US$4.0bn) and stronger profitability, alongside a US$4.1bn deal to acquire South32's bauxite, alumina and aluminium assets across Australia, Brazil and South Africa. The acquisition strengthens upstream resource security and potential cost synergies, while alumina guidance was trimmed due to Pinjarra disruptions. Near-term focus shifts to integration execution, production stability and cash flow durability.
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● Medium
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▲ Bullish
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Alcoa reported record second-quarter 2026 revenue of US$4.0 billion and adjusted EBITDA of US$901 million, up 51% sequentially. The company also said it has a definitive agreement to acquire South32’s interests in bauxite, alumina and aluminium assets across Australia, Brazil and South Africa for upfront consideration of approximately US$4.1 billion. Alcoa lowered its 2026 alumina production and shipment guidance due to disruptions at the Pinjarra refinery following Cyclone Narelle. It kept its aluminium production and shipment targets unchanged.
