ATI
Produces advanced alloys, forgings, and components for aerospace, defense, and demanding industrial applications.
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Profile
Produces nickel-based superalloys, titanium, specialty alloys, forgings, and cast components through two reportable segments. Aerospace and defense generate most sales, supported by qualified manufacturing processes and long customer relationships.
Produces high-performance materials and components through High Performance Materials & Components and Advanced Alloys & Solutions. The portfolio spans nickel-based superalloys, titanium, specialty rolled products, forgings, castings, and refractory metals for jet engines, defense systems, energy, and other demanding uses.
Operates primarily from the United States, with a smaller employee base spread across international locations. Execution centers on qualified processes, integrated material flow, long customer relationships, and manufacturing capabilities built for applications where performance requirements are exacting.
Aerospace and defense account for most sales, with the strongest concentration inside High Performance Materials & Components. Demand therefore depends heavily on aircraft production rates, defense programs, customer qualification cycles, and reliable output from specialized facilities. Labor continuity and completion of ongoing portfolio restructuring also shape operating performance.
Company facts
Categories
Key statistics
Year to date +76.8% · Average volume (30d) 1.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 12, 2026 | KeyBanc | Reiterate | Overweight | $175 | $258 |
| Aug 10, 2026 | Deutsche Bank | Reiterate | Buy | $194 | $262 |
| Aug 10, 2026 | Wells Fargo | Reiterate | Overweight | $275 | |
| Aug 7, 2026 | Susquehanna | Reiterate | Positive | $215 | $265 |
| Jul 9, 2026 | Susquehanna | Reiterate | Positive | $185 | $215 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $1.03 | $1.23 | +19.4% | $1.22B | $1.26B | +3.7% | +8.93% |
| Apr 30, 2026Q1 FY26 | $0.88 | $1.00 | +14.0% | $1.19B | $1.15B | −3.0% | −0.13% |
| Feb 3, 2026Q4 FY25 | $0.89 | $0.93 | +4.5% | $1.19B | $1.18B | −0.8% | −0.65% |
| Oct 28, 2025Q3 FY25 | $0.73 | $0.85 | +16.0% | $1.12B | $1.13B | +0.2% | +4.54% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.14B | $1.14B | $1.13B | $1.18B | $1.15B | $1.26B | |
| Gross profit | $236.6M | $243.7M | $255.3M | $273.2M | $262.9M | $309.8M | |
| Operating income | $151.6M | $160.9M | $162.4M | $170.5M | $170.8M | $220.0M | |
| Net income | $97.0M | $100.7M | $110.0M | $96.6M | $118.2M | $151.0M | |
| Diluted EPS | $0.67 | $0.70 | $0.78 | $0.69 | $0.85 | $1.09 | |
| Gross margin | 20.7% | 21.4% | 22.7% | 23.2% | 22.8% | 24.6% | |
| Operating margin | 13.2% | 14.1% | 14.4% | 14.5% | 14.8% | 17.4% |
Fiscal years (4-quarter sums)FY21 $2.80B · FY22 $3.84B · FY23 $4.17B · FY24 $4.36B · FY25 $4.59B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 28, 2026Cash & short-term investments $783.0M · Total debt $2.19B · Total assets $5.74B · Shareholders' equity $1.88B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 136.47M · Float 135.08M · 99.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 18.71M | 13.71% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 6.22M | 4.56% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 6.16M | 4.52% | 13F | Aug 13, 2026 |
| Capital World Investors | 5.25M | 3.85% | 13F | Aug 12, 2026 |
| State Street Corp | 5.24M | 3.84% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Timothy J. Harris | officer: Senior VP and CDIO | −16,500 | $206.92 |
| Aug 17, 2026 | Kimberly A. Fields | director, officer: Chair, President and CEO | −24,845 | $231.19 |
| Jul 28, 2026 | Kimberly A. Fields | director, officer: Chair, President and CEO | −31,757 | $190.99 |
| Jul 7, 2026 | Kimberly A. Fields | director, officer: Chair, President and CEO | −40,000 | $182.91 |
| Jun 24, 2026 | Kimberly A. Fields | director, officer: Chair, President and CEO | −3,783 | $197.21 |
Peers
- Howmet Aerospace
Titanium mill products and forged structures for aerospace and defense
- Carpenter Technology
Nickel-superalloy and specialty-steel rival in aerospace and defense
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| ATI | $211.00 | +0.11% | $28.76B | 61.8 | 38.8 | 6.1 | +10.6% |
| Howmet Aerospace | $265.80 | +0.39% | $105.97B | 57.1 | 45.5 | 11.6 | +24.1% |
| Carpenter Technology | $474.94 | −0.30% | $23.67B | 45.3 | 35.9 | 7.6 | +12.6% |
| Median | 51.2 | 40.7 | 9.6 | +18.3% |