Filing Flows › Kaiser Aluminum (KALU) › Q2 2026
Kaiser Aluminum (KALU) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 23, 2026
Kaiser Aluminum (KALU) reported revenue of $1.3B for the second quarter 2026 (Q2 2026), +53% from a year earlier and +14% from the quarter before. Operating margin was 10.6%, net earnings $96.8M (7.7% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +14% | +53% |
| Operating profit | $134M | +37% | +252% |
| Net earnings | $96.8M | +55% | +317% |
| Operating cash flow | $59.5M | -32% | +274% |
| Free cash flow | $35.1M | -49% | — |
What changed
Revenue was $1.3B in Q2 2026, up 53% year over year and up 14% from the previous quarter. Packaging was the largest line at 46% of revenue. Packaging added $0.24B year over year (up 70%), 55% of the total change.
Operating profit was $0.13B, a 10.6% margin (up 6.0 points year over year). Of the extra revenue versus Q2 2025, 22% reached operating profit, above the 5% margin then. Total costs grew 43% against revenue growth of 53%. The fastest-growing cost line was Cost of revenue (+46%). Net earnings were $0.10B, up 317% year over year. The effective tax rate was 23.4%.
Operating cash flow was $0.06B (up 274% year over year), 61% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items used $0.07B. Capital expenditures of $0.02B left free cash flow of $0.04B.
Questions
What was Kaiser Aluminum's revenue in the second quarter 2026?
Kaiser Aluminum (KALU) reported revenue of $1.3B for the second quarter 2026 (Q2 2026), +53% from a year earlier and +14% from the quarter before.
Was Kaiser Aluminum profitable in the second quarter 2026?
Operating profit was $134M (10.6% of revenue) and net earnings $96.8M.
Source: Kaiser Aluminum 10-Q on SEC EDGAR.