ATI Inc. reported financial results for the third quarter of 2026, with sales reaching $1.42 billion, a 26% increase compared to the same period in 2025. The company reported net income attributable to ATI of $190 million, or $1.37 per share, compared to $110 million, or $0.78 per share, in the prior year. Adjusted earnings per share (non-GAAP) were $1.46, and adjusted EBITDA totaled $327.9 million, representing a 46% year-over-year increase and a margin of 23.0%.
ATI raised its full-year 2026 guidance for adjusted EBITDA to a range of $1.190 billion to $1.200 billion, an increase of $35 million from the previous outlook. The company also provided guidance for the fourth quarter of 2026, projecting adjusted EBITDA between $345 million and $355 million, adjusted earnings per share between $1.51 and $1.57, and adjusted free cash flow between $550 million and $600 million.
Segment performance was strong across both reporting units. The High Performance Materials & Components segment generated sales of $721.4 million, while the Advanced Alloys & Solutions segment reported sales of $702.3 million. Both segments saw year-over-year sales growth driven by increased demand and pricing in the aerospace and defense markets, particularly for commercial jet engine products.
In terms of capital allocation, ATI repurchased $70.0 million of its common stock during the third quarter at an average price of $199.62 per share. As of the end of the quarter, approximately $425 million remained under its share repurchase authorization.
