ATI (NYSE:ATI) Updates FY 2026 Earnings Guidance
by Scott Moore · The Cerbat GemATI (NYSE:ATI – Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 4.200-4.480 for the period, compared to the consensus earnings per share estimate of 4.210. The company issued revenue guidance of -. ATI also updated its Q2 2026 guidance to 0.980-1.040 EPS.
ATI Trading Up 6.4%
ATI stock traded up $9.40 during mid-day trading on Thursday, hitting $155.63. The company’s stock had a trading volume of 2,241,218 shares, compared to its average volume of 1,643,320. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.66 and a quick ratio of 1.27. The stock has a market cap of $21.24 billion, a price-to-earnings ratio of 54.80, a price-to-earnings-growth ratio of 1.45 and a beta of 1.00. The business has a 50 day moving average price of $153.50 and a 200-day moving average price of $125.57. ATI has a 12 month low of $57.27 and a 12 month high of $168.14.
ATI (NYSE:ATI – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.12. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.18 billion. ATI had a net margin of 8.81% and a return on equity of 24.26%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. As a group, analysts forecast that ATI will post 4.18 EPS for the current year.
ATI declared that its Board of Directors has approved a stock repurchase plan on Thursday, February 19th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the basic materials company to purchase up to 2.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.
Analysts Set New Price Targets
Several brokerages have recently commented on ATI. JPMorgan Chase & Co. upped their price objective on shares of ATI from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Wells Fargo & Company began coverage on shares of ATI in a research note on Wednesday, April 1st. They set an “overweight” rating and a $175.00 price objective for the company. Alembic Global Advisors began coverage on shares of ATI in a research note on Thursday, January 15th. They set an “overweight” rating and a $141.00 price objective for the company. Susquehanna upped their price objective on shares of ATI from $155.00 to $185.00 and gave the company a “positive” rating in a research note on Friday, April 10th. Finally, Zacks Research downgraded shares of ATI from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $152.88.
Check Out Our Latest Stock Report on ATI
Insider Transactions at ATI
In related news, Director David J. Morehouse sold 6,609 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $154.25, for a total value of $1,019,438.25. Following the completion of the transaction, the director directly owned 38,168 shares of the company’s stock, valued at $5,887,414. This represents a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.98% of the stock is currently owned by insiders.
Key Stories Impacting ATI
Here are the key news stories impacting ATI this week:
- Positive Sentiment: Q1 beat on adjusted EPS and margins — ATI reported adjusted EPS of $1.00 vs. consensus $0.88, GAAP EPS rose year-over-year, and adjusted EBITDA margin expanded to 20.1% (up ~310 bps). Management highlighted aerospace demand as a driver. ATI Announces First Quarter 2026 Results
- Positive Sentiment: Raised/clarified outlook — ATI provided Q2 EPS guidance of $0.98–$1.04 and updated FY26 EPS of $4.20–$4.48, and management said it is raising full‑year adjusted earnings and cash‑flow guidance. Those forward numbers support the rally. ATI (ATI) Q1 2026 Earnings Call Transcript
- Positive Sentiment: Adjusted EBITDA outlook and backlog improvement — Company outlined an adjusted EBITDA range of about $1.01B–$1.06B and backlog of ~$4.1B, signaling durable demand and near‑term revenue visibility. ATI outlines $1.01B-$1.06B adjusted EBITDA outlook as backlog reaches $4.1B
- Neutral Sentiment: Revenue slightly missed estimates — Sales were $1.15B vs. Street estimates near $1.18B; top-line growth was modest (+~1% y/y). Guidance is roughly in line with consensus, so upside is mainly margin‑driven. Compared to Estimates, ATI (ATI) Q1 Earnings: A Look at Key Metrics
- Neutral Sentiment: Availability of call materials — Management held a conference call and posted slides/transcript for investors; use those to hear commentary on aerospace demand, pricing, and cadence of margin gains. Listen to Conference Call / View Slide Deck
- Negative Sentiment: Short‑term volatility and insider sales — The stock had a pre‑earnings pullback as traders de‑risked, and public filings show notable insider selling activity over recent months, which can weigh on sentiment despite the beat. ATI slides 5% as traders de-risk ahead of earnings amid broader metals/industrials weakness
Hedge Funds Weigh In On ATI
Institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC bought a new position in ATI in the second quarter worth about $75,000. Greenline Wealth Management LLC bought a new position in ATI in the fourth quarter worth about $80,000. ARK Investment Management LLC raised its stake in ATI by 19.8% in the fourth quarter. ARK Investment Management LLC now owns 889 shares of the basic materials company’s stock worth $102,000 after buying an additional 147 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in ATI by 23.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 950 shares of the basic materials company’s stock worth $109,000 after buying an additional 180 shares in the last quarter. Finally, Danske Bank A S bought a new position in ATI in the third quarter worth about $122,000.
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.