Filing Flows › Kaiser Aluminum (KALU) › Q3 2026 › vs Q2 2026
Kaiser Aluminum (KALU) Q3 2026 vs Q2 2026 (quarter over quarter)
Kaiser Aluminum's revenue fell $42.1M (-3%) from $1.3B in Q2 2026 to $1.2B in Q3 2026. The biggest changes: Packaging −$19.0M (-3%); Aero Hs Products −$13.4M (-4%); Automotive Extrusions −$7.3M (-8%). Operating margin 4.5% against 10.6% (-6.1 pts).
Kaiser Aluminum, Q3 2026: revenue $1.2B (+44% year over year), operating margin 4.5%, net earnings $31.0M, operating cash flow $101M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 4.5% | 10.6% | -6.1 pts |
| Net margin | 2.6% | 7.7% | -5.2 pts |
| Free cash flow margin | 6.0% | 2.8% | +3.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Packaging | $561M | $580M | −$19.0M | -3% |
| Aero Hs Products | $292M | $305M | −$13.4M | -4% |
| Ge Products | $278M | $281M | −$2.4M | -0.9% |
| Automotive Extrusions | $82.9M | $90.2M | −$7.3M | -8% |
| Revenue | $1.2B | $1.3B | −$42.1M | -3% |
| Operating profit | $55.2M | $134M | −$78.5M | -59% |
| Costs & expenses | $1.2B | $1.1B | $36.4M | +3% |
| Pre-tax earnings | $40.2M | $126M | −$86.1M | -68% |
| Other expense, net | $15.0M | $7.4M | $7.6M | +103% |
| Cost of revenue | $1.1B | $1.1B | $41.2M | +4% |
| Other operating costs | $60.5M | $65.3M | −$4.8M | -7% |
| Net earnings | $31.0M | $96.8M | −$65.8M | -68% |
| Income tax | $9.2M | $29.5M | −$20.3M | -69% |
| Depreciation & amortization | $27.9M | $29.6M | −$1.7M | -6% |
| Share-based compensation | $3.7M | $4.9M | −$1.2M | -24% |
| Working capital & other | $38.1M | −$71.8M | $110M | — |
| Operating cash flow | $101M | $59.5M | $41.2M | +69% |
| Free cash flow (OCF − capex) | $72.3M | $35.1M | $37.2M | +106% |
| Capital expenditures | $28.4M | $24.4M | $4.0M | +16% |
Questions
How much did Kaiser Aluminum's revenue grow quarter over quarter in Q3 2026?
Kaiser Aluminum's revenue fell $42.1M (-3%) from $1.3B in Q2 2026 to $1.2B in Q3 2026.
What drove Kaiser Aluminum's revenue change in Q3 2026?
Packaging −$19.0M (-3%); Aero Hs Products −$13.4M (-4%); Automotive Extrusions −$7.3M (-8%).