ATI (NYSE:ATI) Updates 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 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.

Wall Street Analysts Forecast Growth

ATI has been the subject of several research analyst reports. Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. TD Cowen lifted 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. Wall Street Zen lowered ATI from a “buy” rating to a “hold” rating in a research note on Tuesday, July 28th. JPMorgan Chase & Co. increased their target price on ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, KeyCorp raised their target price on ATI from $175.00 to $211.00 and gave the company an “overweight” rating in a research report on Tuesday, June 30th. Two research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $187.62.

ATI Price Performance

Shares of ATI stock 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. The business has a fifty day moving average of $191.35 and a two-hundred day moving average of $164.02. The company has a market capitalization of $30.37 billion, a P/E ratio of 73.70, a price-to-earnings-growth ratio of 1.63 and a beta of 0.98. 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 has a 1 year low of $70.42 and a 1 year high of $236.98.

ATI (NYSE:ATI) last posted its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.20. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. ATI had a net margin of 9.26% and a return on equity of 26.44%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the firm posted $0.74 earnings per share. 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 predict that ATI will post 4.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Kimberly A. Fields sold 59,749 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 218,014 shares in the company, valued at $39,039,766.98. The trade was a 21.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have sold 192,199 shares of company stock valued at $34,601,100. Company insiders own 0.98% of the company’s stock.

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.

Hedge Funds Weigh In On ATI

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC acquired a new stake in shares of ATI in the 2nd quarter worth $75,000. Greenline Wealth Management LLC acquired a new position in shares of ATI during the 4th quarter valued at about $80,000. ARK Investment Management LLC boosted its position in shares of 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 acquiring an additional 147 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of ATI by 23.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 950 shares of the basic materials company’s stock valued at $109,000 after purchasing an additional 180 shares during the period. Finally, Danske Bank A S purchased a new stake in shares of ATI in the third quarter valued at about $122,000.

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.