Alcoa (AA) Q1 FY26 earnings call

Alcoa delivered a strong Q1 FY26, driven by operational execution and benefiting from higher metal prices, particularly in the Aluminum segment. Despite sequential revenue decline in Alumina and a seasonal working capital build, the company advanced strategic priorities including the San Ciprian smelter restart and debt reduction. Management is focused on increasing profitability through higher shipments and continued operational performance, while navigating market volatility from Middle East disruptions.