The earnings call reflected a mixed performance for Alcoa Corporation in Q2 2025. While there were strong safety records and strategic achievements like the Ma'aden sale and favorable tax rulings, the company faced significant financial challenges due to declining revenue, increased tariff costs, and operational disruptions in key segments. The call highlighted both positive long-term demand forecasts and immediate headwinds from tariffs and shipment delays.
Company Guidance -
Q3 2025
During the Alcoa Corporation's second quarter 2025 earnings call, management provided updated guidance on several key metrics. They announced a reduction in the annual aluminum shipment outlook to 2.5-2.6 million metric tons due to disruptions at the San Ciprián smelter. Corporate costs for 2025 were revised down to $160 million, while interest expenses were adjusted up to $180 million. The company's return-seeking capital expenditure outlook was lowered to $50 million. For the third quarter, Alcoa expects a $20 million improvement in the Alumina segment due to lower maintenance costs and higher production, and an increase in the Aluminum segment's tariff-related expenses by approximately $90 million due to higher U.S. Section 232 tariffs. They indicated that current tariffs are impacting their operations, with a projected $215 million in quarterly tariff costs based on an LME price of $2,600 and a Midwest premium of $0.67 per pound. Alcoa also highlighted the receipt of Ma'aden shares and $150 million in cash from a joint venture stake sale, with the majority of cash proceeds to be used for taxes and transaction fees.
Strong Safety and Operational Performance
No fatal or serious injuries reported in Q2 2025, with injury rates trending below 2024 benchmarks.
Strategic Divestiture
Closed the sale of a 25.1% stake in the Ma'aden joint ventures for $1.35 billion, including $1.2 billion in shares and $150 million in cash.
Favorable Tax Ruling
Successfully concluded a 5-year tax dispute in Australia with a favorable ruling, confirming no additional tax owed.
Positive Free Cash Flow
Achieved positive free cash flow of $357 million for Q2 2025.
Record Sales Volumes at Juruti Mine
Juruti mine on track to achieve record bauxite sales volumes in 2025.
Alcoa (AA) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AA Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Jul 16, 2025
$28.56
$29.39
+2.91%
Apr 16, 2025
$24.98
$23.24
-6.97%
Jan 22, 2025
$38.52
$37.10
-3.69%
Oct 16, 2024
$41.69
$39.99
-4.08%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Alcoa Corporation (AA) report earnings?
Alcoa Corporation (AA) is schdueled to report earning on Oct 15, 2025, After Close (Confirmed).
What is Alcoa Corporation (AA) earnings time?
Alcoa Corporation (AA) earnings time is at Oct 15, 2025, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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