ATI Announces Second Quarter 2026 Results
PR Newswire
DALLAS, Aug. 6, 2026
ATI Exceeds the High End of Q2 Guidance and Raises Full-Year Outlook GAAP diluted EPS up 56% year-over-yearNet income attributable to ATI increased 50%, adjusted EBITDA rose 37% year-over-yearAdjusted EBITDA margin expanded 440 basis points to 22.6% year-over-year Second Quarter 2026 GAAP Financial ResultsSales of $1.26 billion, up 11% year-over-year, driven by a 13% aerospace & defense increaseNet income attributable to ATI of $151 million, up 50% year-over-yearEarnings per share of $1.09 compared to $0.70 per share in second quarter 2025Second Quarter 2026 Non-GAAP Financial Information(a)Adjusted net income attributable to ATI(a) of $170 million, up 60% year-over-yearAdjusted earnings per share(a) of $1.23, compared to $0.74 per share in second quarter 2025Adjusted EBITDA(a) of $284 million, an increase of 37% year-over-yearAdjusted EBITDA(a) as a percentage of sales of 22.6%, compared to 18.2% in second quarter 2025GuidanceThe Company is providing third quarter and updated full-year 2026 guidance in the table below.Current GuidancePrior GuidanceQ3 2026Full Year 2026Full Year 2026Adjusted EBITDA(b)$305M - $315M$1,135M - $1,185M$1,010M - $1,060MAdjusted Earnings Per Share(b)$1.31 - $1.37$4.90 - $5.18$4.20 - $4.48Adjusted Free Cash Flow(b)$550M - $600M$465M - $525M(a) Reconciliations of the reported information under accounting principles generally accepted in the United States (GAAP) to non-GAAP financial measures are included in accompanying financial tables. Non-GAAP financial measures should be viewed in addition to, and not superior to or as an alternative for, the Company's reported results prepared in accordance with GAAP. (b) Detailed reconciliations of the forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measures are not available without unreasonable effort due to the complexity of the excluded components.DALLAS, Aug. 6, 2026 /PRNewswire/ -- ATI Inc. (NYSE: ATI) reported second quarter 2026 results, with sales of $1.26 billion and net income attributable to ATI of $151 million, or $1.09 per share.
