ATI (NYSE:ATI) Updates FY 2026 Earnings Guidance

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

ATI Trading Up 12.9%

NYSE:ATI traded up $26.46 during midday trading on Thursday, hitting $231.57. The stock had a trading volume of 878,597 shares, compared to its average volume of 1,871,814. The stock has a 50-day moving average of $190.30 and a 200 day moving average of $163.33. The company 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. ATI has a one year low of $70.42 and a one year high of $236.98. The company has a quick ratio of 1.17, a current ratio of 2.67 and a debt-to-equity ratio of 0.95.

ATI (NYSE:ATI) last issued its earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share 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 quarter last year, the firm posted $0.74 earnings per share. The company’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. As a group, sell-side analysts forecast that ATI will post 4.49 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. TD Cowen increased their target price on shares of ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 13th. BTIG Research upped their price target on shares of ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Susquehanna increased their price objective on shares of ATI from $185.00 to $215.00 and gave the company a “positive” rating in a research note on Thursday, July 9th. Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Finally, Wall Street Zen downgraded shares of ATI from a “buy” rating to a “hold” rating in a research note on Tuesday, July 28th. 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.com, ATI has an average rating of “Buy” and a consensus price target of $187.62.

Insider Buying and Selling

In other ATI news, CEO Kimberly A. Fields sold 31,757 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $190.99, for a total value of $6,065,269.43. Following the completion of the sale, the chief executive officer directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 192,199 shares of company stock worth $34,601,100 over the last three months. Corporate insiders own 0.98% of the company’s stock.

Key ATI News

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 Trading of ATI

A number of institutional investors have recently made changes to their positions in ATI. AQR Capital Management LLC raised its stake 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 worth $117,037,000 after purchasing an additional 889,912 shares during the last quarter. Jain Global LLC increased its holdings in ATI by 3,017.7% in the 4th quarter. Jain Global LLC now owns 665,276 shares of the basic materials company’s stock worth $76,347,000 after buying an additional 643,937 shares during the period. BNP Paribas Financial Markets increased its holdings in ATI by 552.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 720,224 shares of the basic materials company’s stock worth $62,184,000 after buying an additional 609,874 shares during the period. Holocene Advisors LP purchased a new position in ATI during the 2nd quarter worth approximately $52,217,000. Finally, State Street Corp lifted its stake in ATI by 7.4% during 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 acquiring an additional 415,479 shares during the period.

About ATI

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.