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ATI·ATI Inc.

$168.34
-10.75 (-6.00%)
Pre-Market
High
$168.34
Open
$168.04
Market Cap
22.77B
52W High
$243.57
Low
$166.00
P. Close
$168.34
P/E
40.99
52W Low
$93.11
Fwd P/E
25.65
DailyIQ Est.
$251.21
Inst. Own.
81.3%
Short Interest
3.47%
Days to Cover
3.9
NewEarnings release, scored · filed Oct 29, 2026tone -6.6 vs prior release · 85 lines scoredSee the breakdown
Technical Score (1D)
94
BULLISH
News Sentiment
67
BULLISH
On Nov 6, ATI Inc. reported third‑quarter 2026 sales of $1,423.7 million and net income of $189.8 million, both higher than the same period in 2025, and year‑to‑date earnings of $459 million, underscoring a strong earnings profile. Analysts noted the company’s favorable PEG ratio and margin quality, reinforcing its growth narrative and suggesting a positive outlook for ATI’s valuation and future earnings potential. On Nov 5, Citigroup’s analyst John Godyn initiated coverage of ATI, assigning a Buy rating and setting a price target of $229, signaling confidence in the company’s growth prospects. On the same day, another analyst issued a sell recommendation, citing a substantial gap between the market price and the company’s calculated intrinsic value and highlighting potential downside risk for investors. Both the buy and sell assessments were reported on Nov 5, reflecting differing views on ATI’s valuation.
LOW TARGET
$228 +36.4%
2 analysts
MEAN TARGET
$247 +47.9%
7 analysts
HIGH TARGET
$265 +58.5%
8 analysts
PRICE RANGE
$228.00 - $265.00
SB / B / H / S / SS
3/10/2/1/1
DAILYIQ EST.
$251.21 (+50.2%)
Sector
Industrials
Industry
Metal Fabrication
Exchange
NYQ
Country
United States
Website
atimaterials.com
Symbol
ATI
Description
ATI Inc. is a global manufacturer specializing in advanced materials and complex components. The company's operations are divided into two primary segments, focusing on high-performance materials and advanced alloys. ATI offers a diverse portfolio of products, including titanium and nickel-based alloys, superalloys, and metallic powders, which are available in various forms such as long product forms, precision forgings, and rolled strip products. These materials are crucial for a wide range of industries, including aerospace and defense, medical, energy, and transportation. By providing specialized materials solutions, ATI aims to serve critical industries and maintain a strong position in the global market.
Bought (1Y)
0 shares
$0
Sold (1Y)
252,329 shares
$49.3M
Harris Timothy JSenior VP and CDIO
Sell9,000 shares2026-09-21
Harris Timothy JSenior VP and CDIO
Sell16,500 shares2026-09-14
Harris Timothy JSenior VP and CDIO
Sell16,500 shares2026-09-08
Morehouse David J-
Sell2,485 shares2026-09-02
Harris Timothy JSenior VP and CDIO
Sell16,500 shares2026-08-31
View full insider trading history →
73/ 100
Bullish
Overall: Bullish
✓Revenue growing year over year
✓Positive net margin
✓Positive operating cash flow
Gross Margin
22.0%
Net Margin
8.8%
Revenue CAGR
-1.0%
Current Ratio
2.66x
Debt / Equity
0.97x
Return on Equity
22.4%
View full financials →
Earnings Summary
In the most recent two quarters (Q2 2026 and Q3 2026) revenue rose from $1.261 billion to $1.423 billion, a 13% YoY increase, and EPS grew from $1.23 to $1.46, both beating consensus estimates of $1.04 and $1.38 respectively; the company has consistently outperformed earnings estimates in the last four quarters. Historically, ATI has shown a steady YoY revenue growth trajectory, with margins expanding from 14.4% to 19.1% over the same period, and has repeatedly beat analyst EPS forecasts, indicating robust profitability. Recent news reports that ATI’s Q3 2026 results lifted its full‑year adjusted EPS outlook to $5.17–$5.23, up from $4.90–$5.18, and highlighted a 26% revenue increase, underscoring strong demand in jet engine and specialty energy segments; the company’s backlog reached a record $4.3 billion. Forward‑looking watch points for investors include monitoring the Q4 2026 earnings for the projected EPS of $1.57 and revenue guidance of $1.452 billion, as well as the company’s ability to maintain margin expansion in its high‑performance materials segment; key will be whether the upward guidance trend continues.

EPS

EstBeatMiss
$0.44$0.76$1.08$1.40$1.72Q1'25Q1'26Q2'26Q3'26Q4'26
QtrEstActual+/−
Q4'26$1.57 - -
Q3'26$1.38$1.46+5.6%
Q2'26$1.04$1.23+18.3%
Q1'26$0.89$1.00+12.4%
Q1'25$0.59$0.72+21.7%

Revenue

EstBeatMiss
$1.1B$1.2B$1.3B$1.4B$1.5BQ1'25Q1'26Q2'26Q3'26Q4'26
QtrEstActual+/−
Q4'26$1.5B - -
Q3'26$1.3B$1.4B+6.5%
Q2'26$1.2B$1.3B+2.5%
Q1'26$1.2B$1.2B-3.9%
Q1'25 - $1.1B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
→

Market Data

ATI Stock Snapshot

BULLISH94/100
$167.20−$1.14 (0.7%)
Market cap
22.77B
P/E ratio
41.0
Day range
$166.00 – $168.34
News sentiment
67/100 · Bullish
Analyst target
$247.22 (+47.9%)
Consensus
Buy · 17 analysts
52-week range+79.6% off low · -31.4% from high
$93.11$243.57
Price $167.20 DailyIQ Est. $251.21

Momentum is working in ATI's favour - it ranks in the upper part of DailyIQ's momentum universe. Earnings and guidance carry more weight than macro data at this capitalisation.

Reverse DCF

What growth is priced into ATI?

RICH

At today's price, ATI Inc. needs to grow free cash flow about 48.6% a year for 3 years, slowing to a long-run rate by year 10, to justify its valuation at a 9.85% cost of capital. Over the last five years its revenue has trended at 11.8% a year, so the market is asking for 36.8 percentage points above its own delivered rate. On that basis ATI looks priced above what its own growth record supports.

Implied FCF growth
48.6%
Growth trend
11.8%
Growth gap
+36.8 pts
Verdict
RICH
Discount rate (WACC)
9.85%
Beta
1.26

Behaviour On Record

What ATI's own history says about today's numbers

Realized volatility (21d)
57.6% 79th pct
Below its peak
-22.7%
vs 200-day average
+3.0%
Up days (1y)
55%

ATI Inc. is currently running 57.6% annualised volatility over the last 21 sessions. Measured against ATI's own 13 years of daily returns rather than a market-wide average, that is the 79th percentile — elevated for this stock, against a typical reading of 43.1%.

ATI is trading -22.7% below its running peak. Across 13 full years on file, its median worst-drawdown-in-a-year was -34.8%, and the deepest was -74.5% in 2020. The current pullback is therefore shallower than what this stock gives back in a typical year, which is context worth having before treating it as a dislocation.

Price sits +3.0% from its 200-day moving average. Against every other day in its history, that gap ranks at the 44th percentile — close to the gap it normally carries. Over the past year ATI closed higher on 55% of sessions, and it is currently 1 session into a falling streak.

On November specifically: over 13 years of records, ATI finished the month higher 7 of 13 times, with a median return of +2.2% and an average of +5.1%. Its strongest month historically has been February at +13.4% on average, its weakest March at -5.1%.

Overnight risk is measurable too: ATI has opened more than 2% away from the prior close in 378 of 3,267 sessions (11.6% of the time), with the largest gaps running +10.7% and -16.1%.

Across the last 3 dated reports on file, ATI moved an average of 3.0% in the session after earnings, closing higher 2 of those 3 times, with a median move of +1.7% and a largest of -5.4%.

All figures computed from 3,268 daily closes between 2013-11-06 and 2026-11-04, split-adjusted, recomputed daily. Percentiles are against ATI's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of ATI's sector?

ATI Inc. sits in the Materials sector, currently ranked 4th of 12 GICS sectors by relative-strength rotation score (weakening).

Sector rank
#4 of 12
Sector state
Weakening
Sector rotation score
64

Options Market

What is the options market pricing for ATI?

CallsPuts

For ATI Inc.'s nearest expiry (2026-11-20, 14 days out), open interest is call-heavy, a bullish tilt (put/call ratio of 0.84), with at-the-money implied volatility around 6.3%. The options market is pricing roughly a ±1.2% move by that expiry — a range of about $176.23–$180.59.

Put/call ratio (2026-11-20)
0.84
ATM implied volatility
6.3%
Total open interest
10,513
Expected move by 2026-11-20
±1.2% ($176.23–$180.59)

Analyst Consensus Estimates

What do analysts expect ATI to earn?

Analysts expect ATI Inc. to earn $5.23 per share in the fiscal year ending Dec 2026 and $7.52 in the fiscal year ending Dec 2028, from 2 estimates. These are analyst forecasts, not company guidance, and later years rest on fewer analysts.

Quarter endingEPS estimateEPS rangeEPS analystsRevenue estimateRevenue analysts
Dec 2026$1.56$1.51 to $1.617$1.45B9
Mar 2027$1.39$1.34 to $1.483$1.29B3
Jun 2027$1.51$1.50 to $1.532~$1.36B-
Sep 2027$1.70$1.68 to $1.732~$1.53B-
Fiscal year endingEPS estimateEPS rangeEPS analystsRevenue estimateRevenue analysts
Dec 2026$5.23$5.18 to $5.307$5.25B7
Dec 2027$6.56$6.20 to $7.259$5.76B9
Dec 2028$7.52$7.45 to $7.602~$6.78B-

Revenue marked ~ is our calculation from the EPS estimate, not analyst consensus.

Analyst Rating Changes

Are analysts turning bullish or bearish on ATI?

BTIG most recently reiterated its rating on ATI Inc. to Buy on Oct 30, 2026 with a price target of $250 (from $270). Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.

Latest action
BTIG: Buy
90-day upgrades
0
90-day downgrades
0
Net rating momentum
0
DateFirmActionRatingPrice target
Oct 30, 2026BTIGMaintainedBuy$270 → $250
Oct 8, 2026KeybancMaintainedOverweight$258 → $228
Sep 30, 2026Wells FargoMaintainedOverweight$275 → $240
Aug 12, 2026KeybancMaintainedOverweight$211 → $258
Aug 7, 2026SusquehannaMaintainedPositive$215 → $265
Aug 7, 2026BTIGMaintainedBuy$180 → $270
Jul 13, 2026TD CowenMaintainedBuy$170 → $210
Jul 9, 2026SusquehannaMaintainedPositive$185 → $215
Jun 30, 2026KeybancMaintainedOverweight$175 → $211
May 4, 2026KeybancMaintainedOverweight$167 → $175
May 1, 2026JP MorganMaintainedOverweight$150 → $175
May 1, 2026BTIGMaintainedBuy$165 → $180

Earnings Release, Scored

What did ATI Inc.'s latest earnings release say?

Filed Oct 29, 2026 · SEC Form 8-K, Exhibit 99

Tone68.9/ 100-6.6 vs prior release
Hedging words0.14per 100 words+0.06 vs prior release
Tone, last 3 releasesScale 50–81

Most important lines

  1. 1

    Sales increased 26% with growth in all key markets; GAAP-diluted EPS up 76% year-over-year

    New this quarter
  2. 2

    Adjusted EBITDA increased 46% year-over-year, with margin expanding 300 bps to 23.0%

    New this quarter
  3. 3

    We are raising our full-year outlook for adjusted EBITDA by $35 million.

    New this quarter

Scores describe the release's wording. They are not a forecast.

Read all 85 scored lines →

Peers & ETF holders

ATI peers & ETF holders

Metal FabricationMarket cap · today

Top ETF holdersWeight

News & sentiment

What is the news saying about ATI?

ATI fell 13.7% over the month to Nov 6. News tone held between 8 and 100 from Oct 7 to Oct 21, then jumped to 75 on Oct 22.

Daily close and news tone, Oct 6 to Nov 6
$160$180Oct 6Oct 7: tone 33Oct 8: tone 61Oct 9: tone 52Oct 12: tone 69Oct 13: tone 67Oct 14: tone 62Oct 15: tone 100Oct 16: tone 78Oct 19: tone 16Oct 20: tone 66Oct 21: tone 9Oct 22: tone 75Oct 23: tone 61Oct 26: tone 59Oct 27: tone 71Oct 28: tone 65Oct 29: tone 71Oct 30: tone 68Nov 2: tone 75Nov 3Nov 4: tone 100Nov 5: tone 41Nov 6: tone 78Oct 6News toneNov 6123
  1. Oct 22 -11.5%same day: L3Harris Appoints ATI Chair, President and Chief Executive Officer Kimberly Fields to Board of Directors
  2. Nov 2 +5.6%same day: ATI Q3 Earnings Beat Estimates on Aerospace Demand, Outlook Raised
  3. Nov 5 -6.0%same day: Citigroup Initiates Coverage On ATI with Buy Rating, Announces Price Target of $229
Latest stories naming ATI

Technical analysis

How strong is ATI's momentum right now?

On the daily chart ATI ranks at the 94th percentile for momentum against 1,060 stocks and ETFs, a bullish reading.

Momentum rank by timeframe0 = weakest, 100 = strongest
See what drives the rankThe inputs behind each timeframe's momentum rank, plus RSI, stochastics, Bollinger Bands and moving averages. Free with an account.

Institutional ownership

Are big funds buying or selling ATI?

115 of the 193 tracked managers added to ATI in their latest 13F and 76 trimmed. Together they own 81.3% of the company, worth $21.7B. BlackRock and Vanguard Portfolio Management alone hold 18.3%.

115adding76trimming2unchanged
Largest holders by stake, latest 13FBar = share of ATI
  1. 1BlackRock, Inc.13.74%
    $3.7B positionAdded 13.8% last quarter
  2. 2Vanguard Portfolio Management LLC4.57%
    $1.2B positionAdded 6.8% last quarter
  3. 3Vanguard Capital Management LLC4.52%
    $1.2B positionAdded 0.6% last quarter
  4. 4Capital World Investors3.85%
    $1.0B positionTrimmed 8.1% last quarter
  5. 5State Street Corp3.84%
    $1.0B positionTrimmed 2.7% last quarter
  6. 6Capital Research Global Investors3.74%
    $1.0B positionTrimmed 17.3% last quarter
  7. 7FMR LLC (Fidelity)3.66%
    $983.4M positionTrimmed 4.9% last quarter
  8. 8Capital International Investors2.73%
    $733.2M positionTrimmed 36.8% last quarter
  9. 9Invesco Ltd.2.53%
    $679.9M positionTrimmed 10.5% last quarter
  10. 10Geode Capital Management, LLC2.04%
    $547.6M positionTrimmed 5.8% last quarter
Full holdings history

Discover more

How has ATI done against its peers?

Over the six months to Nov 6, ATI returned +1.3%. Of the 15 related stocks and ETFs, 3 did better, led by FNV at +5.3%.

Change since May 6, through Nov 6
−40%−20%0%+20%+40%May 6JunJulAugSepOctNov 6FNV +5.3%ATI +1.3%KGC −30.8%