Filing Flows › Kaiser Aluminum (KALU) › Q2 2026 › vs Q2 2025
Kaiser Aluminum (KALU) Q2 2026 vs Q2 2025 (year over year)
Kaiser Aluminum's revenue rose $434M (+53%) from $823M in Q2 2025 to $1.3B in Q2 2026. The biggest changes: Packaging +$240M (+70%); Ge Products +$95.3M (+51%); Aero Hs Products +$77.4M (+34%). Operating margin 10.6% against 4.6% (+6.0 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 10.6% | 4.6% | +6.0 pts |
| Net margin | 7.7% | 2.8% | +4.9 pts |
| Free cash flow margin | 2.8% | -3.4% | +6.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Packaging | $580M | $341M | $240M | +70% |
| Aero Hs Products | $305M | $228M | $77.4M | +34% |
| Ge Products | $281M | $185M | $95.3M | +51% |
| Automotive Extrusions | $90.2M | $68.9M | $21.3M | +31% |
| Revenue | $1.3B | $823M | $434M | +53% |
| Operating profit | $134M | $38.0M | $95.7M | +252% |
| Costs & expenses | $1.1B | $785M | $338M | +43% |
| Pre-tax earnings | $126M | $29.9M | $96.4M | +322% |
| Other expense, net | $7.4M | $8.1M | −$700K | -9% |
| Cost of revenue | $1.1B | $723M | $335M | +46% |
| Other operating costs | $65.3M | $62.3M | $3.0M | +5% |
| Net earnings | $96.8M | $23.2M | $73.6M | +317% |
| Income tax | $29.5M | $6.7M | $22.8M | +340% |
| Depreciation & amortization | $29.6M | $29.6M | $0 | 0% |
| Share-based compensation | $4.9M | $4.7M | $200K | +4% |
| Working capital & other | $71.8M | $41.6M | $30.2M | +73% |
| Operating cash flow | $59.5M | $15.9M | $43.6M | +274% |
| Free cash flow (OCF − capex) | $35.1M | −$27.7M | $62.8M | — |
| Capital expenditures | $24.4M | $43.6M | −$19.2M | -44% |
Questions
How much did Kaiser Aluminum's revenue grow year over year in Q2 2026?
Kaiser Aluminum's revenue rose $434M (+53%) from $823M in Q2 2025 to $1.3B in Q2 2026.
What drove Kaiser Aluminum's revenue change in Q2 2026?
Packaging +$240M (+70%); Ge Products +$95.3M (+51%); Aero Hs Products +$77.4M (+34%).