ATI Inc. filed an 8-K on October 29, 2026, reporting third quarter 2026 financial results that included sales of $1.42 billion and net income attributable to ATI of $190 million, along with raised full-year 2026 guidance.

Key Highlights

  • Q3 2026 sales of $1,423.7 million, up 26% year-over-year from $1,125.5 million in Q3 2025.
  • GAAP diluted EPS of $1.37, compared to $0.78 per share in Q3 2025, a 76% increase year-over-year.
  • Adjusted EBITDA of $327.9 million, representing 23.0% of sales, up from 20.0% in Q3 2025.
  • Full-year 2026 Adjusted EBITDA guidance raised by $35 million to a range of $1,190 million to $1,200 million.
  • AA&S segment EBITDA margin expanded to 25.8% in Q3 2026, from 17.3% in Q3 2025, driven by higher pricing, volumes, and favorable sales mix.
  • Cash provided by operating activities was $154.6 million in Q3 2026, with capital expenditures of $92.8 million.

ATI Inc. Q3 2026 Segment Performance and Financial Detail

According to the filing, ATI Inc. (NYSE:ATI) reported Q3 2026 GAAP net income attributable to ATI of $189.8 million and adjusted net income attributable to ATI of $201.9 million. Adjusted EPS was $1.46, compared to $0.85 in Q3 2025. The company disclosed that Q3 2026 adjusted results exclude pre-tax special item charges totaling $15.6 million, consisting of $14.4 million in restructuring and other charges and a $1.2 million debt extinguishment charge. The after-tax impact of these items was a charge of $12.1 million, or $0.09 per share.

The filing described results from two operating segments. The High Performance Materials and Components (HPMC) segment reported Q3 2026 sales of $721.4 million, up 20% year-over-year, with segment EBITDA of $167.3 million, or 23.2% of sales. The filing noted that aerospace and defense sales represented 94% of total HPMC sales, and that the year-over-year sales increase was primarily driven by a 34% increase in sales of commercial jet engine products. The Advanced Alloys and Solutions (AA&S) segment reported Q3 2026 sales of $702.3 million, up 34% year-over-year, with segment EBITDA of $181.3 million, or 25.8% of sales. The filing attributed the year-over-year AA&S improvement primarily to higher sales in aerospace and defense, specialty energy, and conventional energy markets, noting that commercial jet engine product sales "almost doubled" in that segment.

On guidance, the filing disclosed that the company is providing Q4 2026 Adjusted EBITDA guidance of $345 million to $355 million and Adjusted EPS guidance of $1.51 to $1.57. The updated full-year 2026 Adjusted EPS range is $5.17 to $5.23, compared to the prior range of $4.90 to $5.18. Full-year Adjusted Free Cash Flow guidance is $550 million to $600 million. The company's income tax provision for Q3 2026 was $51.5 million, reflecting an effective rate of 21.0%.

What Was Disclosed

ATI Inc. disclosed Q3 2026 results showing year-over-year growth in sales, net income, and adjusted EBITDA across both operating segments, along with raised full-year 2026 guidance for Adjusted EBITDA and Adjusted EPS effective October 29, 2026.