ATI (NYSE:ATI) Updates Q2 2026 Earnings Guidance

ATI (NYSE:ATI) updated its second quarter 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 0.980-1.040 for the period, compared to the consensus earnings per share estimate of 0.980. The company issued revenue guidance of -. ATI also updated its FY 2026 guidance to 4.200-4.480 EPS.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ATI shares. KeyCorp raised their price objective on shares of ATI from $140.00 to $167.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Alembic Global Advisors started coverage on shares of ATI in a research note on Thursday, January 15th. They set an “overweight” rating and a $141.00 target price for the company. BTIG Research raised their target price on shares of ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. lifted their price target on shares of ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Zacks Research cut ATI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, ATI presently has a consensus rating of “Buy” and an average target price of $163.38.

ATI Price Performance

ATI stock opened at $155.25 on Friday. ATI has a one year low of $62.41 and a one year high of $168.14. The firm has a 50-day moving average of $153.50 and a two-hundred day moving average of $125.57. The firm has a market capitalization of $21.19 billion, a PE ratio of 54.66, a P/E/G ratio of 1.53 and a beta of 0.94. The company has a current ratio of 2.67, a quick ratio of 1.27 and a debt-to-equity ratio of 0.95.

ATI (NYSE:ATI) last released its earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.12. ATI had a net margin of 9.26% and a return on equity of 26.44%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the firm posted $0.72 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. On average, analysts forecast that ATI will post 4.22 earnings per share for the current year.

ATI declared that its board has authorized a stock repurchase program on Thursday, February 19th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the basic materials company to repurchase up to 2.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Insider Transactions at ATI

In other news, Director David J. Morehouse sold 6,609 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $154.25, for a total value of $1,019,438.25. Following the completion of the sale, the director owned 38,168 shares in the company, valued at $5,887,414. This represents a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.98% of the stock is currently owned by company insiders.

Key Headlines Impacting ATI

Here are the key news stories impacting ATI this week:

• Positive Sentiment: Analyst price-target raises — JPMorgan moved its target from $150 to $175 and kept an “overweight” rating, signaling confidence in ATI’s outlook and creating upside for the stock. Benzinga
• Positive Sentiment: Another bullish upgrade — BTIG lifted its target from $165 to $180 and reiterated a “buy” rating, reinforcing buy-side momentum from institutional research. Benzinga The Fly
• Positive Sentiment: Q1 results and margin improvement — ATI reported adjusted EPS of $1.00 (beat) and highlighted margin expansion (adjusted EBITDA margin 20.1%, +310 bps YoY), stronger aerospace demand, and raised full?year adjusted earnings/cash?flow guidance. Management also provided an adjusted EBITDA outlook ($1.01B–$1.06B) and backlog of ~$4.1B, which support forward earnings visibility. PR Newswire MSN
• Neutral Sentiment: Call transcripts and market reaction coverage — Investors and analysts are parsing the earnings call and transcripts for color on aerospace demand, pricing, and cost flow; summaries and transcripts are available for deeper read. Seeking Alpha transcript Yahoo – investor reaction
• Negative Sentiment: Revenue slightly missed estimates — Sales of $1.15B came in below the $1.19B consensus, which tempers the beat and could limit upside if investors focus on top-line softness. MarketBeat
• Negative Sentiment: Valuation and expectations risk — ATI’s premium multiple (e.g., elevated P/E) and guidance that’s roughly in line with consensus mean upside depends on continued margin improvements and execution; failure to sustain margins could pressure the stock. Zacks

Institutional Investors Weigh In On ATI

A number of institutional investors have recently bought and sold shares of ATI. AQR Capital Management LLC increased its holdings in shares of ATI by 684.9% in the 4th quarter. AQR Capital Management LLC now owns 1,019,840 shares of the basic materials company’s stock valued at $117,037,000 after purchasing an additional 889,912 shares during the period. Jain Global LLC boosted its holdings in shares of ATI by 3,017.7% during the fourth quarter. Jain Global LLC now owns 665,276 shares of the basic materials company’s stock worth $76,347,000 after purchasing an additional 643,937 shares during the period. BNP Paribas Financial Markets grew its position in ATI by 552.7% during the second quarter. BNP Paribas Financial Markets now owns 720,224 shares of the basic materials company’s stock valued at $62,184,000 after purchasing an additional 609,874 shares in the last quarter. Holocene Advisors LP purchased a new position in ATI during the second quarter valued at approximately $52,217,000. Finally, State Street Corp increased its stake in ATI by 7.4% in the 3rd quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock valued at $491,476,000 after buying an additional 415,479 shares during the period.

About ATI

Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.