ATI (NYSE:ATI) Updates FY 2026 Earnings Guidance

ATI (NYSE:ATI) issued an update on its FY 2026 earnings guidance on Thursday. 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 Price Performance

NYSE ATI traded up $4.72 during trading hours on Friday, reaching $228.15. The company’s stock had a trading volume of 1,835,322 shares, compared to its average volume of 1,586,986. The firm has a market capitalization of $31.14 billion, a price-to-earnings ratio of 66.91, a P/E/G ratio of 1.58 and a beta of 0.98. The company’s 50-day moving average is $192.40 and its two-hundred day moving average is $164.47. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.33 and a quick ratio of 1.17. ATI has a 1-year low of $70.42 and a 1-year high of $236.98.

ATI (NYSE:ATI) last issued its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.03 by $0.20. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%.ATI’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the company earned $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. On average, equities analysts predict that ATI will post 5.04 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on ATI shares. Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. BTIG Research upped their price objective on shares of ATI from $180.00 to $270.00 and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. boosted their price target on shares of ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $194.00 price objective on shares of ATI in a research note on Friday, May 1st. Finally, TD Cowen increased their target price on ATI from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $205.12.

Insider Activity

In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of the company’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 completion of the sale, the chief executive officer directly owned 218,014 shares of the company’s stock, valued at $39,039,766.98. This represents a 21.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 192,199 shares of company stock worth $34,601,100 over the last 90 days. Company insiders own 0.98% of the company’s stock.

Trending Headlines about ATI

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.

Institutional Investors Weigh In On ATI

Institutional investors have recently added to or reduced their stakes in the business. Lido Advisors LLC boosted its holdings in ATI by 2.7% in the 3rd quarter. Lido Advisors LLC now owns 3,784 shares of the basic materials company’s stock valued at $308,000 after purchasing an additional 101 shares during the period. ARK Investment Management LLC increased its holdings 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 worth $102,000 after purchasing an additional 147 shares during the period. Janus Henderson Group PLC raised its position in shares of ATI by 0.3% during the fourth quarter. Janus Henderson Group PLC now owns 60,508 shares of the basic materials company’s stock valued at $6,945,000 after buying an additional 154 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake 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 buying an additional 180 shares during the period. Finally, UMB Bank n.a. grew its position in ATI by 10.2% during the fourth quarter. UMB Bank n.a. now owns 1,974 shares of the basic materials company’s stock worth $227,000 after buying an additional 182 shares in the last quarter.

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.