ATI Inc.'s third quarter revenue of $1.42B and $1.46 EPS beat estimates with raised guidance

ATI Inc. delivered a strong third quarter 2026 result, exceeding analyst expectations for both revenue and earnings. The performance was characterized by a 26% year-over-year increase in sales and a significant 46% rise in Adjusted EBITDA, driven by intense demand within the aerospace and defense markets, which now represent a substantial majority of the company's high-performance materials business.

Key Highlights

• Revenue rose 26% year-over-year to $1.42 billion, led by 34% growth in commercial jet engine product sales.
• Adjusted EBITDA grew 46% to $328 million, with margins expanding 300 basis points to 23.0% despite higher manufacturing costs related to new alloy production.
• High Performance Materials & Components (HPMC) revenue reached $721.4 million, signaling that previous production and qualification delays have been effectively addressed.
• Management raised full-year 2026 Adjusted EBITDA guidance to a midpoint of $1.195 billion, marking the second consecutive quarterly guidance increase.
• The company demonstrated continued capital return, repurchasing $70 million of common stock at an average price of $199.62 per share.