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Gotrade News - ATI Inc. (NYSE: ATI) reported third-quarter 2026 sales of $1.42 billion, up 26% year-over-year, and earnings per share of $1.37 on Thursday, October 29, 2026, according to ATI's official release. The company also raised its full-year 2026 adjusted EBITDA guidance by $35 million to $1.195 billion.
Regular-session close on October 29, 2026, New York time. Prices and changes: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Market cap: that close times the shares outstanding on the latest 10-Q or 10-K cover (SEC EDGAR).
ATI Earnings Details
Net income attributable to ATI was $190 million, up 73% year-over-year, and earnings per share of $1.37 compared with $0.78 in the third quarter of 2025, the release said. On a non-GAAP basis, adjusted net income attributable to ATI was $202 million, up 69%, and adjusted earnings per share were $1.46, compared with $0.85 a year earlier.
Adjusted EBITDA was $328 million, an increase of 46% year-over-year, or 23.0% of sales compared with 20.0% in the third quarter of 2025. The company said it exceeded the high end of its third-quarter adjusted EBITDA guidance by $13 million. Sales were $721.4 million in the High Performance Materials & Components segment and $702.3 million in the Advanced Alloys & Solutions segment.
For the fourth quarter of 2026, ATI guided to adjusted EBITDA of $345 million to $355 million and adjusted earnings per share of $1.51 to $1.57. For the full year, it now expects adjusted EBITDA of $1,190 million to $1,200 million, compared with $1,135 million to $1,185 million previously, and adjusted earnings per share of $5.17 to $5.23, compared with $4.90 to $5.18. Its full-year adjusted free cash flow guidance is $550 million to $600 million.
Why It Matters for ATI
According to the company, the latest raise follows a $125 million increase in its full-year outlook last quarter. "We had a strong third quarter, exceeding the high-end of our guidance," said Kimberly A. Fields, Board Chair, President and CEO, who said the results reflect "strong demand backed by long-term agreements, differentiated capabilities that make us the partner of choice, and disciplined execution across our operations."
The release said sales of commercial jet engine products in the High Performance Materials & Components segment increased 34% from the third quarter of 2025 due to strong demand and pricing, while aerospace & defense sales in Advanced Alloys & Solutions grew 34% year-over-year. ATI also repurchased $70.0 million of its common stock during the quarter and had $425 million of share repurchase authorization remaining.
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M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
