Earnings Miss Expectations

Alcoa’s fiscal Q1 2026 earnings fell short of expectations, despite higher aluminum prices. Seasonal factors, demand trends and pricing weighted the results, with revenue and earnings below analyst forecasts. Supply‑chain pressure from Middle East disruptions further dampened performance, prompting a 6.8 % one‑day share decline and a 10.2 % return over seven days. The company’s 1‑year total shareholder return remains substantial, indicating that the recent pullback follows a period of strong momentum.