Alcoa Corporation · AA · Next earnings

Alcoa Corporation reports Thursday, Jan 28, 2027

AA reports after market close with consensus EPS at $1.53 and revenue at $3.91B. Last quarter: Alcoa: Strong Q3 execution, with safety and transaction risks ahead

Reports After market close104 days awayDate estimated Basic Materials

What the street expects

Consensus for the coming report
Consensus EPS $1.53 Calendar consensus
Consensus revenue $3.91B Calendar consensus
Report date Jan 28, 2027 Thursday, date estimated
Session After market close 104 days away

Where AA left off: FY2026 Q3

Full report

Alcoa: Strong Q3 execution, with safety and transaction risks ahead

EPS surprise +20.5% Reported $1.82 vs $1.51
Revenue surprise -1.7% Reported $3.70B vs $3.77B
Stock move +7.2% Event window
Subsequent drift 0.0% Up to 20 sessions

Alumina guidance was maintained in Q3; the prior quarter had lowered production and shipment guidance because of Pinjarra refinery issues.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Safety culture challenges following the Alumar incident
  • Pending WA EPA, transaction and data-center permitting approvals
  • Aluminum and alumina price volatility, carbon costs and potential tariff uncertainty
  • Supply and geopolitical risks from Indonesian ramp-up and Middle East exposure

Questions analysts left open

  • Flat alumina guidance despite higher spot prices
  • Cost pressure from carbon pricing and caustic costs
  • Safety, regulatory, tariff and Indonesian ramp-up risks

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Recent AA quarters

All AA earnings
+7.2%FY2026 Q3-6.1%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.