ATI (NYSE:ATI) Issues Q3 2026 Earnings Guidance

Key Points

• ATI raised its 2026 outlook: Third-quarter adjusted EPS guidance is $1.31–$1.37, above the $1.12 consensus, while full-year guidance increased to $4.90–$5.18 per share.
• The company’s latest quarter beat estimates, with adjusted EPS of $1.23 versus $1.03 expected and revenue up 10.6% year over year. Adjusted EBITDA rose 37% to $284 million, supported by stronger aerospace and defense demand and an $4.4 billion backlog.
• ATI shares rose to $231.57 and approached their 52-week high, but the stock trades at a lofty 76.77 P/E ratio. Analysts maintain a consensus “Buy” rating, while insider selling—including a substantial CEO transaction—could weigh modestly on sentiment.

ATI (NYSE:ATI - Get Free Report) updated its third quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 1.310-1.370 for the period, compared to the consensus estimate of 1.120. The company issued revenue guidance of -. ATI also updated its FY 2026 guidance to 4.900-5.180 EPS.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ATI. Weiss Ratings upgraded shares of ATI from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $194.00 target price on shares of ATI in a research report on Friday, May 1st. Wall Street Zen cut shares of ATI from a "buy" rating to a "hold" rating in a research report on Tuesday, July 28th. Zacks Research upgraded shares of ATI from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 25th. Finally, Susquehanna lifted their target price on ATI from $185.00 to $215.00 and gave the company a "positive" rating in a research report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $187.62.

ATI Stock Performance

Shares of ATI traded up $26.46 during mid-day trading on Thursday, reaching $231.57. The company's stock had a trading volume of 878,597 shares, compared to its average volume of 1,871,814. The company has a current ratio of 2.67, a quick ratio of 1.17 and a debt-to-equity ratio of 0.95. ATI has a 1-year low of $70.42 and a 1-year high of $236.98. The business has a 50-day simple moving average of $190.30 and a two-hundred day simple moving average of $163.33. The stock has a market cap of $31.60 billion, a P/E ratio of 76.77, a PEG ratio of 1.59 and a beta of 0.98.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.20. ATI had a net margin of 9.26% and a return on equity of 26.44%. During the same period in the previous year, the business posted $0.74 earnings per share. The firm's quarterly revenue was up 10.6% compared to the same quarter last year. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. As a group, equities research analysts anticipate that ATI will post 4.49 earnings per share for the current fiscal year.

Insider Activity at ATI

In related news, CEO Kimberly A. Fields sold 59,749 shares of the company's stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the completion of the sale, the chief executive officer directly owned 218,014 shares in the company, valued at $39,039,766.98. This represents a 21.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 192,199 shares of company stock worth $34,601,100. 0.98% of the stock is currently owned by insiders.

Key Stories Impacting ATI

Here are the key news stories impacting ATI this week:

• Positive Sentiment: ATI reported second-quarter adjusted EPS of $1.23, exceeding the $1.03 analyst consensus and rising from $0.74 a year earlier. Revenue increased 10.6% year over year to approximately $1.26 billion, while net income attributable to ATI rose 50% to $151 million. ATI second-quarter earnings report
• Positive Sentiment: Profitability improved sharply: adjusted EBITDA climbed 37% to $284 million, and the adjusted EBITDA margin expanded to 22.6% from 18.2%. Aerospace and defense sales rose 13%, and the company’s backlog reached $4.4 billion, up 18%, supporting expectations for continued demand. ATI Announces Second Quarter 2026 Results
• Positive Sentiment: Management raised full-year 2026 adjusted EPS guidance to $4.90–$5.18 from $4.20–$4.48, well above the $4.44 consensus estimate. Third-quarter adjusted EPS guidance of $1.31–$1.37 also exceeds the $1.12 consensus, while full-year adjusted EBITDA guidance was raised to $1.135–$1.185 billion. ATI Q2 earnings metrics
• Neutral Sentiment: ATI’s strong results have pushed the stock to a new 52-week high, increasing investor focus on whether further gains are justified by its fundamentals. With the shares trading at a high earnings multiple, expectations for continued earnings growth are elevated. ATI hits a 52-week high
• Negative Sentiment: Quiver Quantitative data shows ATI insiders made 26 open-market sales and no purchases during the past six months, including significant sales by senior executives. This may create a modest sentiment headwind, although it is outweighed today by the earnings beat and raised guidance.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vinva Investment Management Ltd acquired a new stake in shares of ATI during the 4th quarter valued at $167,000. UMB Bank n.a. raised its position in ATI by 10.2% in the fourth quarter. UMB Bank n.a. now owns 1,974 shares of the basic materials company's stock valued at $227,000 after purchasing an additional 182 shares during the last quarter. Orion Porfolio Solutions LLC acquired a new stake in shares of ATI during the fourth quarter valued at about $225,000. Fox Run Management L.L.C. acquired a new stake in shares of ATI during the fourth quarter valued at about $224,000. Finally, Polymer Capital Management US LLC bought a new stake in shares of ATI during the third quarter worth about $215,000.

ATI Company Profile

Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.

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