ATI (NYSE:ATI) Updates Q3 2026 Earnings Guidance

by · The Markets Daily

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

ATI Trading Up 12.9%

Shares of NYSE:ATI traded up $26.46 during mid-day trading on Thursday, reaching $231.57. 878,597 shares of the company’s stock were exchanged, compared to its average volume of 1,871,814. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.17 and a current ratio of 2.67. ATI has a twelve month low of $70.42 and a twelve month high of $236.98. The firm has a market capitalization of $31.60 billion, a price-to-earnings ratio of 76.77, a PEG ratio of 1.59 and a beta of 0.98. The business’s fifty day moving average price is $190.30 and its 200-day moving average price is $163.33.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wall Street Zen lowered ATI from a “buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $194.00 target price on shares of ATI in a research note on Friday, May 1st. JPMorgan Chase & Co. increased their price target on ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. BTIG Research upped their target price on ATI from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Susquehanna boosted their price target on ATI from $185.00 to $215.00 and gave the company a “positive” rating in a research note 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. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $187.62.

Read Our Latest Research Report on ATI

Insider Activity at ATI

In other news, CEO Kimberly A. Fields sold 31,757 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $190.99, for a total value of $6,065,269.43. Following the transaction, the chief executive officer owned 125,564 shares in the company, valued at $23,981,468.36. This trade represents a 20.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 192,199 shares of company stock valued at $34,601,100 over the last three months. Corporate insiders own 0.98% of the company’s stock.

ATI News Summary

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its stake in ATI by 7.4% in the 3rd quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock valued at $491,476,000 after buying an additional 415,479 shares during the last quarter. Invesco Ltd. boosted its stake in shares of ATI by 7.4% in the 4th quarter. Invesco Ltd. now owns 3,384,924 shares of the basic materials company’s stock worth $388,454,000 after buying an additional 233,010 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of ATI by 684.9% in the fourth quarter. AQR Capital Management LLC now owns 1,019,840 shares of the basic materials company’s stock valued at $117,037,000 after acquiring an additional 889,912 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of ATI by 11.7% during the second quarter. Raymond James Financial Inc. now owns 943,789 shares of the basic materials company’s stock valued at $81,487,000 after acquiring an additional 98,537 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of ATI by 17.8% during the third quarter. Bank of America Corp DE now owns 733,608 shares of the basic materials company’s stock valued at $59,672,000 after acquiring an additional 111,112 shares during the last quarter.

About ATI

(Get Free Report)

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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