Alcoa Corporation (AA) Releases Q4 2025 Earnings: Revenue Beats Estimates but EPS Misses

Alcoa Corporation (AA) reported fourth-quarter 2025 results with total revenue of $3.45 billion, a 24.28% decline year-over-year, and net income attributable to common shareholders of $538 million, down 1479.49% versus the prior year.

Total revenue: $3.45 billion (down 24.28% year-over-year).

Cost of sales: $2.85 billion (down 25.95% year-over-year).

Gross profit: $595 million (down 15.12% year-over-year).

Operating profit: $538 million (down 227.79% year-over-year).

Net income attributable to common shareholders: $538 million (down 1479.49% year-over-year).

On the cash-flow and balance-sheet side:

Cash from operating activities: -$34 million (down 82.65% year-over-year).

Purchases of property, plant and equipment: -$292 million (down 19.11% year-over-year).

Cash and cash equivalents: $1.60 billion (up 183.16% year-over-year).

Total liabilities: $10.00 billion (up 67.69% year-over-year).

How results compared with expectations:

Revenue: reported $3.45 billion versus estimate $3.40 billion (beat by about $44 million).

Diluted earnings per share: reported $0.85 versus estimate $0.94 (missed by $0.09).

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Alcoa Corporation Hedge Fund Activity

We have seen 293 institutional investors add shares of Alcoa Corporation stock to their portfolio, and 201 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

MIRABELLA FINANCIAL SERVICES LLP added 39,757,462 shares (+12233.1%) to their portfolio in Q3 2025, for an estimated $1,307,622,925
SOURCEROCK GROUP LLC removed 1,715,955 shares (-58.5%) from their portfolio in Q3 2025, for an estimated $56,437,759
GEODE CAPITAL MANAGEMENT, LLC added 1,668,332 shares (+36.0%) to their portfolio in Q3 2025, for an estimated $54,871,439
RENAISSANCE TECHNOLOGIES LLC removed 1,562,700 shares (-95.1%) from their portfolio in Q3 2025, for an estimated $51,397,203
ASSENAGON ASSET MANAGEMENT S.A. removed 1,496,149 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $49,208,340
ARGA INVESTMENT MANAGEMENT, LP removed 1,451,511 shares (-48.1%) from their portfolio in Q3 2025, for an estimated $47,740,196
DIMENSIONAL FUND ADVISORS LP added 1,322,540 shares (+13.5%) to their portfolio in Q3 2025, for an estimated $43,498,340

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Alcoa Corporation Analyst Ratings

Wall Street analysts have issued reports on $AA in the last several months. We have seen 3 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

JP Morgan issued a "Underweight" rating on 01/08/2026
Citigroup issued a "Buy" rating on 12/19/2025
Wells Fargo issued a "Overweight" rating on 10/08/2025
B. Riley Securities issued a "Buy" rating on 09/23/2025

To track analyst ratings and price targets for Alcoa Corporation, check out Quiver Quantitative's $AA forecast page.

Alcoa Corporation Price Targets

Multiple analysts have issued price targets for $AA recently. We have seen 8 analysts offer price targets for $AA in the last 6 months, with a median target of $45.25.

Here are some recent targets:

Timna Tanners from Wells Fargo set a target price of $71.0 on 01/13/2026
Bill Peterson from JP Morgan set a target price of $50.0 on 01/08/2026
Alexander Hacking from Citigroup set a target price of $54.0 on 12/19/2025
Daniel Major from UBS set a target price of $48.0 on 12/12/2025
Katja Jancic from BMO Capital set a target price of $37.0 on 10/23/2025
An analyst from HSBC set a target price of $41.0 on 10/17/2025
Carlos De Alba from Morgan Stanley set a target price of $42.5 on 10/08/2025