ATI Inc beats Q3 revenue estimates on aerospace & defense demand, raises FY outlook

ATI

29/10/2026 11:46

Overview
US high-performance materials maker's Q3 revenue rose 26%, beating analyst expectations
Adjusted EPS for Q3 was $1.46, above analyst consensus
Company raised full-year 2026 adjusted EBITDA guidance by $35 mln

Outlook
ATI raises full-year 2026 adjusted EBITDA outlook to $1.190 bln-$1.200 bln from $1.135 bln-$1.185 bln
Company expects Q4 2026 adjusted EBITDA of $345 mln-$355 mln
ATI sees full-year 2026 adjusted EPS of $5.17-$5.23, up from prior $4.90-$5.18

Result Drivers
AEROSPACE & DEFENSE DEMAND - Co said sales growth was driven by strong demand and higher pricing for commercial jet engine and defense products, especially in the High Performance Materials & Components segment
HIGHER PRICING & VOLUMES - Advanced Alloys & Solutions segment saw increased sales and margins, mainly due to higher pricing, volumes, and favorable sales mix in aerospace & defense and energy markets
DISCIPLINED EXECUTION - Co attributed results to disciplined execution across operations and long-term agreements, according to CEO Kimberly Fields

Company press release: ID:nPn6BX10Na

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$1.42 bln
$1.32 bln (8 Analysts)
Q3 Adjusted EPS
Beat
$1.46
$1.37 (7 Analysts)
Q3 EPS
 
$1.37
 
Q3 Adjusted Net Income
 
$201.90 mln
 
Q3 Net Income
 
$189.80 mln
 
Q3 Adjusted EBITDA
 
$327.90 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy"
Wall Street's median 12-month price target for ATI Inc. is $240.00, about 45.2% above its October 28 closing price of $165.30
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 40 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)