ATI INC (ATI) Form 10-Q — Aug 6, 2026

$ATIForm 10-QFiled Aug 6, 2026, 3:36 PM ET0001628280-26-054233Original filing

ATI's second quarter 2026 sales rose 11% to $1,261.1 million, with net income attributable to ATI of $151.0 million, or $1.09 per diluted share, up from $100.7 million, or $0.70, a year earlier. Year-to-date sales reached $2,412.6 million and diluted EPS climbed to $1.94 from $1.38. Aerospace and defense drove the quarter at $862.0 million, or 68% of sales, up 13% year-over-year, with defense sales in the AA&S segment up 90% and commercial jet engine revenue up more than 10%. Q2 gross margin expanded to 24.6% from 21.3%, and Adjusted EBITDA rose to $284.4 million from $207.7 million.

Key figures

Eps: $1.09 diluted Q2 2026 (vs $0.70 prior year); $1.94 YTD (vs $1.38)
Revenue: $1,261.1 million (Q2 2026); $2,412.6 million YTD
Net Income: $151.0 million attributable to ATI in Q2 2026 (vs $100.7 million); $269.2 million YTD
Total Debt: $2,209.1 million carrying value
Revenue Yoy: +11% Q2 YoY; +6% YTD
Cash Position: $783.0 million
Shares Outstanding: 136,170,383 at August 3, 2026
Buybacks ytd: $125.0 million for 0.8 million shares
Notes redeemed: $350 million 5.875% 2027 Notes redeemed July 8, 2026 (~$1.2 million extinguishment cost)
Gross profit q2: $309.8 million (24.6% of sales vs 21.3% prior year)
Adjusted ebitda q2: $284.4 million (vs $207.7 million prior year)
Senior notes issued: $450 million 5.875% Senior Notes due 2033; net proceeds $443.1 million
Operating cash flow ytd: $260.0 million (vs $69.0 million prior year)
Aerospace defense pct q2: 68% of sales ($862.0 million, +13% YoY)
Restructuring charges ytd: $10.9 million (severance for ~100 employees, impairments)
Net debt to adjusted ebitda: 1.47
Receivables facility utilized: $120 million of $125 million facility
Total debt to adjusted ebitda: 2.27
Buyback authorization remaining: $495 million

Price after filing

1 day: +2.5%7 days: +13.5%30 days: +5.2%

Close on the filing date to close N calendar days later (from $200.15). Historical, not a forecast.

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