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AI brief of an SEC Form 8-K · Alcoa (AA)

Alcoa Q2 net income falls to $164 million; aluminum shipment outlook cut

Mixed Impact 4 of 5 earnings Written later

Alcoa reported second quarter 2025 revenue of $3.0 billion and net income attributable to Alcoa of $164 million, or $0.62 per diluted share, down from $548 million in the first quarter but up from $20 million a year earlier. The company lowered its 2025 aluminum shipment forecast because of the delayed San Ciprián smelter restart, which it now expects to finish by mid-2026, and it expects a $90 million to $110 million net loss from that smelter in 2025.

Key points

  • Revenue was $3,018 million, down 10% from $3,369 million in the first quarter and up from $2,906 million in the second quarter of 2024.
  • Adjusted EBITDA excluding special items was $313 million, versus $855 million in the first quarter; the company cited lower alumina and aluminum prices and about $115 million in tariff costs on Canadian aluminum imports.
  • The Ma'aden joint venture sale closed July 1, 2025, for total consideration of $1.35 billion; Alcoa expects a gain of approximately $780 million in the third quarter.

The filing

CompanyAlcoa (AA)
Form8-K, current report
Filed with the SECJul 16, 2025, 4:12 PM ET
Accession number0000950170-25-096260

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 16, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.