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ATI (ATI)
NYSE:ATI
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.87Last Year’s EPS
0.72Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call showcased strong execution: multi-year transformation gains (margin expansion, record revenue since 2012), robust cash generation, meaningful share gains in aerospace & defense and specialty energy, and confident 2026 guidance backed by contract-secured investments. Challenges noted are largely operational timing, capacity constraints for specialized alloys, some end-market timing risk in airframes, and near-term capital intensity—each of which management outlined with mitigation plans (customer-funded projects, productivity improvements, phased capacity additions). Overall, positives substantially outweigh the highlighted risks.Company Guidance
Strong Q4 Results
Q4 revenue of $1.2B and adjusted EBITDA of $232M (above the high end of guidance); adjusted EBITDA margin of 19.7%, up 180 basis points vs. Q4 2024.
Record Annual Performance
Full-year 2025 revenue of $4.6B (highest since 2012), up 5% year-over-year; adjusted EBITDA exceeded $859M, up 18% YoY; adjusted EPS $3.24, up 32% YoY.
Very Strong Cash Generation and Capital Deployment
Adjusted free cash flow of $380M, up 53% YoY; operating cash flow $614M, up >50% YoY; returned $470M to shareholders in 2025 (124% of free cash flow), repaid $150M debt in Q4 and repurchased $170M of shares during the year.
Confident 2026 Guidance
Full-year 2026 adjusted EBITDA guidance $975M–$1.025B (midpoint $1.0B, +16% YoY); adjusted EPS guidance $3.99–$4.27; adjusted free cash flow target $430M–$490M (midpoint $460M, +21% YoY).
Aerospace & Defense Outperformance
A&D drove results: full-year A&D revenue up 14% YoY; jet engine sales +21% YoY; missiles revenue +127% YoY; A&D mix increased to 68% of 2025 revenue (from 62% in 2024) and expected >70% in 2026.
Operational Improvements and Productivity Gains
Double-digit remelt output increases, significant downstream heat-treat cycle time reductions, increased equipment uptime, and managed working capital improved to 32.5% of sales in Q4.
Win of Critical Proprietary Capabilities
Now producing six of the seven most advanced jet-engine nickel alloys; isothermal forging deliveries to Pratt & Whitney grew 6x from 2023 to 2025; recent long-term specialty energy contract expanded ATI share by >20%.
Disciplined, Contract-Backed Capital Allocation
2026 gross CapEx guidance $280M–$300M with ~$60M customer funding (net $220M–$240M); targeted investments (new VIM and remelt equipment) expected to support ~ $350M incremental nickel revenue run rate by mid-2028, with project returns generally >30% and many customer co-funded.
Margin Expansion Track Record
Consolidated adjusted EBITDA margin 18.7% for full-year 2025 (up 200 bps YoY); HPMC full-year margin 23.6% (up 330 bps YoY) and Q4 HPMC margin ~24% (up ~400 bps YoY); 2026 margins targeted around 20% with further sequential expansion.
ATI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ATI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 03, 2026 | $121.77 | $128.34 | +5.40% |
Oct 28, 2025 | $91.71 | $98.53 | +7.44% |
Jul 31, 2025 | $94.24 | $76.94 | -18.36% |
May 01, 2025 | $54.38 | $62.24 | +14.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does ATI (ATI) report earnings?
ATI (ATI) is schdueled to report earning on Apr 30, 2026, Before Open (Confirmed).
What is ATI (ATI) earnings time?
ATI (ATI) earnings time is at Apr 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ATI EPS forecast?
ATI EPS forecast for the fiscal quarter 2026 (Q1) is 0.87.