AI-extracted from the 10-Q filed 2026-08-06 — Q2 FY2026 (quarter ended June 28, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
ATI's Q2 FY2026 sales rose 11% YoY to $1.26B as Advanced Alloys & Solutions segment EBITDA margin nearly doubled to 23.7% from 14.4%, driven by surging defense and aerospace demand.
Biggest Revenue Drivers
High Performance Materials & Components (HPMC)$637.1M+5% YoY
Growth driven by strong demand and pricing for commercial jet engine products, which grew more than 10% year-over-year
Advanced Alloys & Solutions (AA&S)$624.0M+17% YoY
Driven by higher sales to aerospace & defense and conventional energy markets, with defense sales growth of 90%
Biggest Revenue Drivers
Total revenue: $1.26B+11% YoY
High Performance Materials & Components (HPMC)$637.1M+5% YoY
Growth driven by strong demand and pricing for commercial jet engine products, which grew more than 10% year-over-year
Advanced Alloys & Solutions (AA&S)$624.0M+17% YoY
Driven by higher sales to aerospace & defense and conventional energy markets, with defense sales growth of 90%
Within Advanced Alloys & Solutions (AA&S)
Aerospace & Defense$272.0M+34% YoY
Reflects increased demand and pricing, including a 90% jump in defense sales within the segment
Defense$108.5M+90% YoY
Largest single contributor to AA&S aerospace & defense growth
Largest Expense Items
Cost of sales$951.3M
Includes $6.1 million of start-up and transaction-related costs; gross profit rose to 24.6% of sales from 21.3% on higher pricing and volume
Selling and administrative expenses$95.7M+15.6% YoY
Increase primarily due to $11.0 million of transformation and transaction-related costs and $2.6 million of losses on the sale of customer accounts receivable
Interest expense, net$23.9M
Decreased from $25.4 million due to higher interest capitalization on strategic capital projects
Restructuring charges$3.9M
Related to rationalization of certain domestic facilities in the HPMC segment
Margins: Gross profit expanded to 24.6% of sales from 21.3% YoY on higher pricing and volume. AA&S segment EBITDA margin nearly doubled to 23.7% from 14.4%, and HPMC margin rose to 24.1% from 23.7%, both aided by favorable pricing and mix.
Watch Items from the Filing
Aerospace & defense sales grew to 68% of total revenue ($862.0M) in Q2 2026, up from 67% a year earlier, concentrating growth in a single end market.
Backlog of confirmed orders grew to $4.4 billion at June 28, 2026 from $3.7 billion a year earlier, with approximately 70% deliverable within 12 months.
On July 27, 2026 the court granted ATI's motion to dismiss the pension annuitization class action, but plaintiffs may still challenge the dismissal.
STAL joint venture, part of the AA&S segment, is 40%-owned by China Baowu Steel Group, a state-authorized Chinese investment company, creating geopolitical/China exposure.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Carlisle Herbert JReporting ownerGrant or award · May 19, 2026
Corvi CarolynReporting ownerGrant or award · May 19, 2026
Hess David PReporting ownerGrant or award · May 19, 2026
Kah MarianneReporting ownerGrant or award · May 19, 2026
Lund Elizabeth HefleyReporting ownerGrant or award · May 19, 2026
About ATI INC (ATI): stock profile, AI score and financials
ATI INC (ATI) stock profile, AI quality score, and SEC EDGAR financial data, a Materials sector company. 13F Pro's AI-powered ranking engine scores ATI at 62.7/100 on a composite quality score built from its SEC filings, placing it at rank #677 of 2,925 stocks — the top 25% of the AI-ranked universe. ATI scores in the top quartile across balance sheet strength (83.1), revenue scale (77.0). Based on the latest XBRL financial filings (Q2 2026), ATI INC reports quarterly revenue of $1.3B, net income of $151.0M, an operating margin of 17.4%. Top institutional holders of ATI by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. ATI trades on the NYSE exchange and files with the SEC under CIK 1018963. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ATI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for ATI INC directly from SEC EDGAR.