Filing Flows › Kaiser Aluminum (KALU) › Q2 2026 › vs Q1 2026
Kaiser Aluminum (KALU) Q2 2026 vs Q1 2026 (quarter over quarter)
Kaiser Aluminum's revenue rose $150M (+14%) from $1.1B in Q1 2026 to $1.3B in Q2 2026. The biggest changes: Packaging +$82.0M (+16%); Ge Products +$40.4M (+17%); Aero Hs Products +$18.5M (+6%). Operating margin 10.6% against 8.8% (+1.8 pts).
Kaiser Aluminum, Q2 2026: revenue $1.3B (+53% year over year), operating margin 10.6%, net earnings $96.8M, operating cash flow $59.5M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 10.6% | 8.8% | +1.8 pts |
| Net margin | 7.7% | 5.6% | +2.1 pts |
| Free cash flow margin | 2.8% | 6.2% | -3.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Packaging | $580M | $498M | $82.0M | +16% |
| Aero Hs Products | $305M | $287M | $18.5M | +6% |
| Ge Products | $281M | $240M | $40.4M | +17% |
| Automotive Extrusions | $90.2M | $81.3M | $8.9M | +11% |
| Revenue | $1.3B | $1.1B | $150M | +14% |
| Operating profit | $134M | $97.8M | $35.9M | +37% |
| Costs & expenses | $1.1B | $1.0B | $114M | +11% |
| Pre-tax earnings | $126M | $82.4M | $43.9M | +53% |
| Other expense, net | $7.4M | $15.4M | −$8.0M | -52% |
| Cost of revenue | $1.1B | $943M | $114M | +12% |
| Other operating costs | $65.3M | $65.8M | −$500K | -0.8% |
| Net earnings | $96.8M | $62.5M | $34.3M | +55% |
| Income tax | $29.5M | $19.9M | $9.6M | +48% |
| Depreciation & amortization | $29.6M | $30.4M | −$800K | -3% |
| Share-based compensation | $4.9M | $5.9M | −$1.0M | -17% |
| Working capital & other | $71.8M | $10.9M | $60.9M | +559% |
| Operating cash flow | $59.5M | $87.9M | −$28.4M | -32% |
| Free cash flow (OCF − capex) | $35.1M | $68.5M | −$33.4M | -49% |
| Capital expenditures | $24.4M | $19.4M | $5.0M | +26% |
Questions
How much did Kaiser Aluminum's revenue grow quarter over quarter in Q2 2026?
Kaiser Aluminum's revenue rose $150M (+14%) from $1.1B in Q1 2026 to $1.3B in Q2 2026.
What drove Kaiser Aluminum's revenue change in Q2 2026?
Packaging +$82.0M (+16%); Ge Products +$40.4M (+17%); Aero Hs Products +$18.5M (+6%).