Earnings Releases·Oct 29, 2026, 7:34 AM ET

ATI Inc. — Third Quarter 2026 Earnings Summary

**Financial Performance:** Q3 2026 sales reached $1.42 billion (up 26% YoY, 13% sequentially), while net income surged 73% YoY to $190 million; adjusted EPS rose 72% YoY to $1.46, and adjusted EBITDA margin expanded 300 basis points to 23.0%.
**Guidance Revisions:** Management raised full-year 2026 adjusted EBITDA guidance by $35 million to $1.190–$1.200 billion and adjusted EPS guidance to $5.17–$5.23, citing strong demand and long-term agreements; Q4 2026 adjusted EBITDA is guided at $345–$355 million.
**Segment Growth:** Both High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S) reported double-digit sales growth, with AA&S EBITDA margins expanding to 25.8% driven by pricing and volume, while HPMC margins dipped due to new product ramp-up costs.
**Capital Allocation:** The company repurchased $70.0 million of common stock in Q3 2026, leaving $425 million in remaining authorization, and reported $154.6 million in operating cash flow against $92.8 million in capital expenditures.