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Alcoa (AA) Q1 2026 (USD): Adj. EPS 1.40 (exp. 1.53), Revenue 3.19bln (exp. 3.28bln)

Importance
Level 1
  • Section 232 tariff costs on US imports of aluminium from Canada are expected to increase by ~35mln sequentially.
  • Within Q2 26 alumina segment adj. EBITDA expects sequential unfavourable impacts of ~15mln.
  • For Q2 26, the aluminium segment adj. EBITDA expects sequential favourable impacts of about ~55mln.