ATI raised its full-year 2026 adjusted EBITDA guidance to $1.135 billion-$1.185 billion from $1.01 billion-$1.06 billion.
The company expects third-quarter 2026 adjusted EBITDA of $305 million-$315 million.
ATI now sees full-year 2026 adjusted EPS of $4.90-$5.18, up from $4.20-$4.48.
Drivers and market backdrop
The company cited higher sales to aerospace and defense markets, including a 13% increase overall and a 34% rise in its AA&S segment, driven by strong demand and pricing.
Commercial jet engine sales also grew, supported by strong demand and favorable pricing, boosting the HPMC segment.
CEO Kimberly Fields said margin expansion was supported by contracted pricing improvements and a richer product mix.
Analyst coverage and valuation
The current average analyst rating on the shares is buy, with 11 strong buy or buy ratings, no hold ratings, and no sell or strong sell ratings.
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