ATI (NYSE:ATI) Updates FY 2026 Earnings Guidance

ATI (NYSE:ATI) issued an update on its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 4.900-5.180 for the period, compared to the consensus estimate of 4.440. The company issued revenue guidance of -. ATI also updated its Q3 2026 guidance to 1.310-1.370 EPS.

ATI Stock Performance

ATI stock traded up $26.46 during midday trading on Thursday, hitting $231.57. 878,597 shares of the company were exchanged, compared to its average volume of 1,871,814. The firm has a market capitalization of $31.60 billion, a PE ratio of 76.77, a price-to-earnings-growth ratio of 1.59 and a beta of 0.98. ATI has a fifty-two week low of $70.42 and a fifty-two week high of $236.98. The business has a fifty day simple moving average of $190.30 and a two-hundred day simple moving average of $163.33. 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 (NYSE:ATI) last announced its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.20. ATI had a return on equity of 26.44% and a net margin of 9.26%.During the same period in the prior year, the firm earned $0.74 earnings per share. ATI’s quarterly revenue was up 10.6% on a year-over-year basis. 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, sell-side analysts forecast that ATI will post 4.49 earnings per share for the current year.

Analyst Ratings Changes

ATI has been the subject of several analyst reports. BTIG Research boosted their target price on shares of ATI from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. JPMorgan Chase & Co. upped their price objective on shares of ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. 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. Finally, KeyCorp lifted their price target on ATI from $175.00 to $211.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $187.62.

Insider Activity

In other news, CEO Kimberly A. Fields sold 31,757 shares of ATI stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $190.99, for a total transaction 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. The trade was a 20.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 192,199 shares of company stock valued at $34,601,100. 0.98% of the stock is owned by company insiders.

Key Headlines 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.

Hedge Funds Weigh In On ATI

A number of institutional investors have recently bought and sold shares of the company. Royal Bank of Canada grew its stake in shares of ATI by 8.1% in the 1st quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock valued at $3,140,000 after buying an additional 4,542 shares during the period. Goldman Sachs Group Inc. raised its position in shares of ATI by 49.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock valued at $32,984,000 after buying an additional 209,480 shares during the period. Cetera Investment Advisers purchased a new stake in shares of ATI during the 2nd quarter valued at approximately $324,000. M&T Bank Corp acquired a new position in ATI in the second quarter valued at approximately $317,000. Finally, First Trust Advisors LP lifted its holdings in ATI by 4.9% in the second quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company’s stock valued at $17,028,000 after acquiring an additional 9,234 shares during the last quarter.

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.