ATI (NYSE:ATI) Issues FY 2026 Earnings Guidance

ATI (NYSE:ATI) updated 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.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ATI shares. Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. TD Cowen raised their price objective on ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 13th. BTIG Research boosted their target price on ATI from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $194.00 target price on shares of ATI in a research report on Friday, May 1st. Finally, KeyCorp raised their price target on ATI from $175.00 to $211.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 30th. Two research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. According to data from MarketBeat, ATI currently has a consensus rating of “Buy” and a consensus target price of $187.62.

ATI Stock Performance

NYSE:ATI traded up $17.46 during trading hours on Thursday, reaching $222.57. 3,104,201 shares of the company’s stock were exchanged, compared to its average volume of 1,471,142. ATI has a 1-year low of $70.42 and a 1-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. The firm has a market capitalization of $30.37 billion, a price-to-earnings ratio of 73.70, a P/E/G ratio of 1.63 and a beta of 0.98. The company has a 50-day moving average of $191.35 and a 200 day moving average of $164.02.

ATI (NYSE:ATI) last posted its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.20. ATI had a net margin of 9.26% and a return on equity of 26.44%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the business posted $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. Research analysts anticipate that ATI will post 4.49 EPS for the current year.

Insider Buying and Selling

In other ATI news, CEO Kimberly A. Fields sold 31,757 shares of the company’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 transaction of $6,065,269.43. Following the completion of the sale, the chief executive officer directly owned 125,564 shares of the company’s stock, valued at $23,981,468.36. This represents a 20.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 192,199 shares of company stock worth $34,601,100. 0.98% of the stock is owned by corporate insiders.

ATI News Roundup

Here are the key news stories impacting ATI this week:

• Positive Sentiment: ATI reported second-quarter sales of $1.26 billion, up 11% year over year, while adjusted EPS of $1.23 exceeded the $1.03 consensus estimate. GAAP EPS rose to $1.09 from $0.70, and net income increased 50% to $151 million. ATI Announces Second Quarter 2026 Results
• Positive Sentiment: Profitability improved materially: adjusted EBITDA increased 37% to $284 million, with the margin expanding to 22.6% from 18.2%. Aerospace and defense sales rose 13%, and backlog reached approximately $4.4 billion, up 18%, reinforcing expectations for continued demand. ATI Q2 2026 Sales Rise 11% to $1.26 Billion
• Positive Sentiment: Management raised full-year 2026 adjusted EBITDA guidance to $1.135 billion-$1.185 billion from $1.010 billion-$1.060 billion and adjusted EPS guidance to $4.90-$5.18 from $4.20-$4.48. Third-quarter adjusted EPS guidance of $1.31-$1.37 also exceeded the $1.12 analyst consensus, while free-cash-flow expectations improved. ATI Targets Higher 2026 EBITDA and Free Cash Flow
• Neutral Sentiment: The stock reached a new 52-week high and trades at a relatively demanding valuation, with a reported P/E ratio above 70. The strong results may justify the premium, but the valuation raises expectations for continued earnings growth. ATI Hits a 52-Week High
• Negative Sentiment: Recent insider activity shows 26 reported open-market sales and no purchases during the past six months, including sales by senior executives. This may be a cautionary signal, although insider sales can also reflect compensation or portfolio diversification.

Institutional Investors Weigh In On ATI

Several large investors have recently modified their holdings of the stock. AQR Capital Management LLC grew its holdings in ATI by 684.9% during 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 acquiring an additional 889,912 shares during the period. Jain Global LLC lifted its holdings in ATI by 3,017.7% in the fourth quarter. Jain Global LLC now owns 665,276 shares of the basic materials company’s stock valued at $76,347,000 after acquiring an additional 643,937 shares during the period. BNP Paribas Financial Markets boosted its position in shares of ATI by 552.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 720,224 shares of the basic materials company’s stock worth $62,184,000 after purchasing an additional 609,874 shares in the last quarter. Holocene Advisors LP purchased a new stake in shares of ATI during the 2nd quarter worth $52,217,000. Finally, State Street Corp grew its stake in shares of ATI by 7.4% during the 3rd quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock worth $491,476,000 after purchasing an additional 415,479 shares during the period.

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.