Kaiser Aluminum Q2 2026: Revenue +53%, operating income +252%, driven by metal pricing

Filed July 23, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 24, 2025 · ~1 min read

Key Changes

• high

  Net income rose 317% YoY to $96.8M ($5.72/share) vs operating income +252%, driven by a $22.1M net below-the-line improvement (primarily lower income tax drag), not operational gains.

  MD&A: Operating income YoY verify on EDGAR →
• high

  Total revenue grew 52.7% YoY to $1.3B; Conversion Revenue (net of metal cost) up 17% to $437.0M; Packaging shipments +10%, Aero/HS +2%, Automotive -11%.

  MD&A: Net sales Q2 verify on EDGAR →
• high

  Adjusted EBITDA rose 146% YoY to $166.3M, driven by higher volume, improved pricing/mix, favorable metal consumption/valuation, and lower major maintenance costs.

  MD&A: Adjusted EBITDA Q2 verify on EDGAR →