Alcoa Corporation (AA) Stock Falls on Q1 2026 Earnings

Alcoa Corporation (ticker: AA) reported first-quarter 2026 results. Revenue came in at $3.19 billion, down 5.22% year‑over‑year and below the consensus estimate of $3.40 billion. Shares moved about -5.92% since market close.

Gross profit: $681 million (down 26.85% year‑over‑year).

Operating profit: $408 million (down 41.29% year‑over‑year).

Net income attributable to common shareholders: $425 million (down 22.45% year‑over‑year).

Diluted earnings per share: $1.60 (down 22.71% year‑over‑year), versus an estimate of $1.54.

Key cash-flow and balance-sheet highlights:

Cash from operating activities: -$179 million (down 170.75% year‑over‑year).

Purchases of property, plant and equipment: -$119 million.

Cash and cash equivalents: $1.35 billion (up 12.56% year‑over‑year).

Total liabilities: $9.75 billion (up 12.63% year‑over‑year).

Cost of sales: $2.51 billion (up 3.04% year‑over‑year).

The quarter shows pressure on margins and operating profitability, with revenue missing expectations while EPS modestly exceeded estimates. Liquidity improved versus last year, but negative operating cash flow is a notable headwind to monitor going forward.

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 377 institutional investors add shares of Alcoa Corporation stock to their portfolio, and 221 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

MIRABELLA FINANCIAL SERVICES LLP removed 40,061,147 shares (-99.9%) from their portfolio in Q4 2025, for an estimated $2,128,849,351
FMR LLC added 4,690,789 shares (+1940.0%) to their portfolio in Q4 2025, for an estimated $249,268,527
L1 CAPITAL PTY LTD removed 4,342,223 shares (-73.8%) from their portfolio in Q4 2025, for an estimated $230,745,730
BANK OF NEW YORK MELLON CORP added 4,247,559 shares (+211.7%) to their portfolio in Q4 2025, for an estimated $225,715,285
CASTLE HOOK PARTNERS LP added 3,968,265 shares (+inf%) to their portfolio in Q4 2025, for an estimated $210,873,602
MAPLE ROCK CAPITAL PARTNERS INC. added 3,263,300 shares (+inf%) to their portfolio in Q4 2025, for an estimated $173,411,762
AQR CAPITAL MANAGEMENT LLC added 2,503,132 shares (+153.4%) to their portfolio in Q4 2025, for an estimated $133,016,434

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 1 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

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 7 analysts offer price targets for $AA in the last 6 months, with a median target of $75.0.

Here are some recent targets:

Carlos De Alba from Morgan Stanley set a target price of $80.0 on 04/09/2026
Katja Jancic from BMO Capital set a target price of $75.0 on 04/09/2026
Bill Peterson from JP Morgan set a target price of $70.0 on 04/09/2026
Nick Giles from B. Riley Securities set a target price of $96.0 on 04/07/2026
Alexander Hacking from Citigroup set a target price of $76.0 on 03/16/2026
Daniel Major from UBS set a target price of $70.0 on 03/12/2026
Timna Tanners from Wells Fargo set a target price of $64.0 on 01/23/2026