ATI Q2 revenue rises 11%, beats estimates

ATI

06/08/2026 12:57

Overview
U.S. high performance materials producer's Q2 revenue grew 11%, beating analyst expectations
Q2 adjusted EPS rose 66% yr/yr and beat analyst expectations
Company repurchased $50 mln of shares and raised full-year guidance

Outlook
ATI raises full-year 2026 adjusted EBITDA guidance to $1.135 bln-$1.185 bln from $1.01 bln-$1.06 bln
ATI expects Q3 2026 adjusted EBITDA of $305 mln-$315 mln
Company sees full-year 2026 adjusted EPS of $4.90-$5.18, up from prior $4.20-$4.48

Result Drivers
AEROSPACE & DEFENSE DEMAND - Higher sales to aerospace and defense markets, including a 13% increase overall and a 34% rise in AA&S segment, driven by strong demand and pricing
JET ENGINE PRODUCTS - Growth in commercial jet engine sales, supported by strong demand and favorable pricing, boosted HPMC segment
PRICING & PRODUCT MIX - Margin expansion supported by contracted pricing improvements and a richer product mix, per CEO Kimberly Fields

Company press release: ID:nPn42vcb4a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.26 bln
$1.22 bln (9 Analysts)
Q2 Adjusted EPS
Beat
$1.23
$1.04 (8 Analysts)
Q2 EPS
 
$1.09
 
Q2 Adjusted Net Income
 
$169.70 mln
 
Q2 Net Income
 
$151 mln
 
Q2 Adjusted EBITDA
 
$284.40 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", no "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 $191.00, about 6.9% below its August 5 closing price of $205.11
The stock recently traded at 41 times the next 12-month earnings vs. a P/E of 34 three months ago

Reuters Recommended Reads
Aug 6 - Howmet Aerospace boosts 2026 forecasts on strong demand for aircraft parts
Aug 5 - UK's Bodycote gets $2 billion rival approaches from CVC, Veritas Capital
Aug 5 - Specialty materials maker Materion's Q2 sales, adj EBITDA beat estimates

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)