ATI (NYSE:ATI) Releases Q3 2026 Earnings Guidance

ATI (NYSE:ATI) issued an update on 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.

Analysts Set New Price Targets

Several research firms have recently commented on ATI. Wall Street Zen raised shares of ATI from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings raised shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. increased their price target 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. KeyCorp boosted their price objective on shares of ATI from $175.00 to $211.00 and gave the company an “overweight” rating in a research report on Tuesday, June 30th. Finally, TD Cowen upped their price objective on ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $205.12.

ATI Price Performance

Shares of NYSE ATI traded up $4.72 during midday trading on Friday, reaching $228.15. The stock had a trading volume of 1,835,322 shares, compared to its average volume of 1,586,986. The stock has a 50-day moving average of $192.40 and a 200-day moving average of $164.47. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 2.33. The company has a market capitalization of $31.14 billion, a price-to-earnings ratio of 66.91, a price-to-earnings-growth ratio of 1.58 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 released 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 net margin of 10.09% and a return on equity of 29.27%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the company earned $0.74 EPS. ATI’s revenue for the quarter 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, research analysts anticipate that ATI will post 5.04 EPS for the current fiscal year.

Insider Buying and Selling at ATI

In related news, CEO Kimberly A. Fields sold 59,749 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the completion of the sale, the chief executive officer owned 218,014 shares in the company, valued at approximately $39,039,766.98. This trade represents a 21.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 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.

Key ATI News

Here are the key news stories impacting ATI this week:

• Positive Sentiment: Quarterly results exceeded expectations: ATI reported adjusted EPS of $1.23 versus the $1.03 consensus estimate, while revenue rose 11% year over year to $1.26 billion. GAAP EPS increased 56% to $1.09, and net income rose 50% to $151 million. ATI Announces Second Quarter 2026 Results
• Positive Sentiment: Profitability is expanding: Adjusted EBITDA climbed 37% to $284 million, with the margin expanding to 22.6% from 18.2% a year earlier. Aerospace and defense sales increased 13%, supporting demand for ATI’s advanced materials. ATI Q2 Earnings Call Highlights
• Positive Sentiment: Raised outlook and strong backlog: ATI increased its full-year 2026 adjusted EPS guidance to $4.90-$5.18 from $4.20-$4.48 and forecast third-quarter EPS of $1.31-$1.37, above the $1.12 consensus. Management also cited a record $4.4 billion backlog and stronger second-half growth as its HPMC business ramps. ATI Raises 2026 Outlook
• Positive Sentiment: Analysts raised price targets: Susquehanna lifted its target to $265 and assigned a positive rating, while BTIG raised its target to $270 and upgraded ATI to Buy. The revisions reinforce optimism about sustained aerospace, defense and margin growth.
• Neutral Sentiment: ATI is trading near its 52-week high and at a comparatively elevated valuation, with a reported P/E ratio above 75, which may increase sensitivity to any earnings or guidance disappointment.
• Negative Sentiment: Insider-trading data shows 26 open-market sales and no purchases during the past six months, including sales by senior executives. This may temper sentiment, although the transactions have not offset the positive earnings reaction.

Hedge Funds Weigh In On ATI

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vinva Investment Management Ltd bought a new position in shares of ATI during the 4th quarter valued at approximately $167,000. UMB Bank n.a. increased its position in ATI by 10.2% in the fourth quarter. UMB Bank n.a. now owns 1,974 shares of the basic materials company’s stock worth $227,000 after purchasing an additional 182 shares during the last quarter. Orion Porfolio Solutions LLC bought a new stake in ATI in the fourth quarter worth $225,000. Fox Run Management L.L.C. purchased a new stake in ATI during the fourth quarter valued at $224,000. Finally, Polymer Capital Management US LLC purchased a new stake in ATI during the third quarter valued at $215,000.

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.