ATI (NYSE:ATI) Updates FY 2026 Earnings Guidance

ATI (NYSE:ATI) updated its FY 2026 earnings guidance on Thursday. The company provided EPS 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

Shares of ATI stock traded up $4.15 on Friday, reaching $227.58. The stock had a trading volume of 537,292 shares, compared to its average volume of 1,879,010. 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’s 50-day moving average is $191.35 and its two-hundred day moving average is $164.02. The firm has a market capitalization of $31.06 billion, a price-to-earnings ratio of 75.45, a P/E/G ratio of 1.63 and a beta of 0.98. ATI has a 12 month low of $70.42 and a 12 month high of $236.98.

ATI (NYSE:ATI) last posted its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, topping 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%.The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the company 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. On average, research analysts expect that ATI will post 4.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ATI. Weiss Ratings raised ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. KeyCorp increased their target price on ATI from $175.00 to $211.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. 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 reiterated a “buy” rating and set a $194.00 price objective on shares of ATI in a research note on Friday, May 1st. Finally, Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Two research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $205.12.

Insider Activity

In other news, CEO Kimberly A. Fields sold 59,749 shares of ATI stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the transaction, the chief executive officer owned 218,014 shares in the company, valued at approximately $39,039,766.98. The trade was a 21.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 192,199 shares of company stock worth $34,601,100 over the last ninety days. 0.98% of the stock is currently owned by company insiders.

Key ATI News

Here are the key news stories impacting ATI this week:

• Positive Sentiment: Q2 results exceeded expectations: ATI reported adjusted EPS of $1.23, versus the $1.03 consensus estimate and $0.74 a year earlier. Revenue increased 11% to $1.26 billion, also surpassing estimates. GAAP net income rose 50% to $151 million, while GAAP EPS increased to $1.09 from $0.70. ATI Announces Second Quarter 2026 Results
• Positive Sentiment: Margins and demand strengthened: Adjusted EBITDA rose 37% to $284 million, with the margin expanding to 22.6% from 18.2%. Aerospace and defense sales grew 13%, while ATI’s backlog reached a record $4.4 billion, supporting expectations for continued growth in the second half. ATI Q2 Earnings Call Highlights
• Positive Sentiment: Management raised its outlook: Full-year adjusted EBITDA guidance increased to $1.135 billion-$1.185 billion from $1.010 billion-$1.060 billion, and adjusted EPS guidance rose to $4.90-$5.18 from $4.20-$4.48. Third-quarter EPS guidance of $1.31-$1.37 is well above the $1.12 consensus estimate. Adjusted free cash flow is expected near a $575 million midpoint.
• Positive Sentiment: Analyst targets moved higher: Susquehanna raised its price target to $265 from $215 and assigned a positive rating, while BTIG increased its target to $270 from $180 and reiterated a buy rating. The revisions signal greater confidence in ATI’s earnings and margin trajectory. BTIG price target report
• Neutral Sentiment: ATI’s valuation is elevated after the rally, with a reported price-to-earnings ratio above 74, increasing the market’s expectations for sustained execution and leaving the stock more sensitive to any guidance shortfall.
• Negative Sentiment: Reported insider activity shows 26 open-market sales and no purchases over the past six months, including sales by senior executives. While these transactions may reflect compensation or portfolio decisions, they could temper investor sentiment at the stock’s elevated valuation.

Institutional Investors Weigh In On ATI

A number of institutional investors have recently made changes to their positions in ATI. Greenline Wealth Management LLC acquired a new position in shares of ATI in the fourth quarter worth approximately $80,000. NewEdge Advisors LLC acquired a new stake in ATI during the 2nd quarter valued at approximately $75,000. ARK Investment Management LLC increased its position in ATI by 19.8% during the 4th quarter. ARK Investment Management LLC now owns 889 shares of the basic materials company’s stock valued at $102,000 after purchasing an additional 147 shares during the period. CIBC Private Wealth Group LLC raised its holdings in ATI by 23.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 950 shares of the basic materials company’s stock worth $109,000 after purchasing an additional 180 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of ATI by 17.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,283 shares of the basic materials company’s stock worth $149,000 after purchasing an additional 193 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.