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ATI lifts 2026 outlook after quarter delivered above high-end guidance
The company reported record backlog of $4.4 billion and raised full-year adjusted EBITDA guidance to $1.135 billion to $1.185 billion.
ATI Inc. raised its full-year 2026 outlook after reporting fiscal-quarter results for the period ended June 28 that beat the high end of its own guidance, according to Yahoo Finance. Sales rose 11% year over year to $1.26 billion, net income attributable to ATI increased 50% to $151 million, and adjusted EPS climbed 66% to $1.23.
The guidance raise was supported by a record backlog that reached $4.4 billion, up 18% from a year earlier. High Performance Materials & Components segment sales increased 5% to $637.1 million, with aerospace and defense representing 93% of that segment’s revenue, while Advanced Alloys & Solutions grew 17% to $624.0 million.
ATI said its mix shifted further toward aerospace and defense, which now accounts for 68% of total revenue, up from 67% a year earlier. Adjusted EBITDA margin rose 440 basis points from a year ago to 22.6%, and the CEO said demand for aerospace and defense materials is running ahead of supply.
Alongside the outlook increase, ATI authorized continued repurchases, repurchasing $50 million of shares in the quarter at an average price of $159.53, with $495 million remaining authorized. The company also noted some margin pressure in High Performance Materials & Components, while inventories rose to $1.67 billion from $1.40 billion at the end of 2025.