Alcoa Corporation (AA) Reports Strong Q4 2025 Earnings with $3.4 Billion Revenue
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: seekingalpha
- Production Records: Alcoa achieved annual production records at five smelters and one refinery, demonstrating strong operational performance and stability, which is expected to enhance market competitiveness.
- Financial Performance: Q4 revenue increased by 15% sequentially to $3.4 billion, with adjusted net income of $335 million and earnings per share of $1.26, reflecting positive impacts from rising aluminum prices and increased shipments.
- Strategic Progress: The restart of the San Ciprián smelter is on track, expected to reach approximately 65% operational capacity by the first half of 2026, further driving aluminum production growth.
- Cash Flow Position: The company ended the year with a cash balance of $1.6 billion and free cash flow of $594 million, indicating strong cash generation capabilities that provide security for future investments and debt repayments.
Analyst Views on AA
Wall Street analysts forecast AA stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for AA is 46.00 USD with a low forecast of 33.00 USD and a high forecast of 58.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
6 Buy
2 Hold
2 Sell
Moderate Buy
Current: 63.870
Low
33.00
Averages
46.00
High
58.00
Current: 63.870
Low
33.00
Averages
46.00
High
58.00
About AA
Alcoa Corporation is a vertically integrated aluminum company comprised of bauxite mining, alumina refining, aluminum production (smelting and casting), and energy generation. The Company’s operations are comprised of two business segments: Alumina and Aluminum. The Alumina segment primarily consists of its bauxite mines and alumina refineries, which generally include the mining of bauxite and other aluminous ores, as well as the refining, production, and sale of smelter grade and non-metallurgical alumina. The alumina produced by this segment is sold to internal and external aluminum smelter customers; a portion of the alumina is sold to external customers who process it into industrial chemical products. The Aluminum segment consists of the Company’s aluminum smelting and casting operations along with the Company’s energy production assets in Brazil, Canada, and the United States. It has direct and indirect ownership of 26 operating locations across nine countries on six continents.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








