EL7.AI
StocksMedium•29 October 2026•
3 min read

ATI Raises 2026 Profit Outlook After Third-Quarter Earnings Beat Guidance by $13 Million

Key Facts

1ATI's third-quarter sales were $1,423.7 million, up 26% year over year.
2Adjusted earnings per share were $1.46, up 72% from $0.85 a year earlier, while GAAP earnings per share were $1.37.
3Adjusted earnings before interest, taxes, depreciation and amortization exceeded the high end of quarterly guidance by $13 million.
4ATI raised its full-year adjusted earnings before interest, taxes, depreciation and amortization outlook to $1,190–$1,200 million.

ATI reported results for the third quarter ended September 27, 2026, with sales of $1,423.7 million and net income attributable to the company of $189.8 million, according to a company statement published via PR Newswire. Sales rose 26% and net income increased 73% from the same period a year earlier. Generally accepted accounting principles (GAAP) earnings per share were $1.37, up 76% year over year. Adjusted earnings per share were $1.46, compared with $0.85 a year earlier, an increase of 72%. The company said adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) exceeded the high end of its quarterly guidance by $13 million.

Investing.com reported that earnings per share of $1.46 beat analysts’ estimate by $0.09, while revenue of about $1.42 billion exceeded the consensus estimate of $1.32 billion. The $1.46 figure refers to adjusted earnings per share, while GAAP earnings per share were $1.37. On a quarterly basis, sales rose 13%, net income attributable to ATI increased 26%, and adjusted earnings per share rose 19% compared with the second quarter of 2026. Adjusted EBITDA was also $327.9 million, up 46% from the third quarter a year earlier. Its margin of sales widened to 23.0% from 20.0% a year earlier.

Chief Executive Kimberly Fields attributed the performance to “strong demand supported by long-term agreements, differentiated capabilities that make us the partner of choice, and disciplined execution across our operations.” The aerospace and defense segments accounted for 69% of sales during the quarter. Commercial aircraft engine sales were $603.2 million, or 42% of total sales. Commercial aircraft engine sales rose 39% year over year and 19% compared with the second quarter. The company said strong demand spanned original equipment manufacturing and maintenance, repair and overhaul services.

In the High Performance Materials & Components segment, sales rose 20% year over year, supported by strong demand and pricing for commercial aircraft engine products. Segment earnings before interest, taxes, depreciation and amortization were $167.3 million, with a margin of 23.2% of sales. However, higher manufacturing costs and periodic costs weighed on the segment’s earnings margin. In the Advanced Alloys & Solutions segment, sales rose 34% to $702.3 million. Growth spanned aerospace and defense, specialty energy and conventional energy markets, while earnings before interest, taxes, depreciation and amortization were $181.3 million, with a margin of 25.8%.

ATI raised its full-year adjusted earnings before interest, taxes, depreciation and amortization outlook to $1,190–$1,200 million, from $1,135–$1,185 million. Fields said the $35 million increase follows a $125 million outlook increase in the previous quarter. The company maintained its 2026 adjusted free cash flow outlook at $550–$600 million. For the fourth quarter, it expects adjusted earnings per share of $1.51 to $1.57 and adjusted earnings before interest, taxes, depreciation and amortization of $345 to $355 million. Fields added that the company is positioned for “stronger performance in 2027.”