ATI Inc. Reports 11% Revenue Growth to $1.26 Billion in Q2 2026

ATI Inc. reported a significant increase in financial performance for the second quarter and year-to-date period ending June 28, 2026, as detailed in its latest 10-Q filing. The company achieved sales of $1.26 billion for the quarter, an 11% increase from $1.14 billion in the same period last year. Year-to-date sales also rose by approximately 6% to $2.41 billion, compared to $2.28 billion in the prior year. This growth was primarily driven by strong demand in the aerospace and defense sectors, particularly for commercial jet engines and naval nuclear defense products, which collectively accounted for 68% of total sales in the second quarter.

The company's net income attributable to ATI for the second quarter was $151.0 million, or $1.11 per share, compared to $100.7 million, or $0.72 per share, in the same quarter of 2025. For the year-to-date period, net income reached $269.2 million, or $1.94 per share, up from $197.7 million, or $1.38 per share, in the previous year. The increase in profitability was attributed to higher pricing and improved operational efficiencies, despite rising costs associated with restructuring and transformation initiatives.

Operationally, ATI's High Performance Materials & Components (HPMC) segment reported sales of $637.1 million for the second quarter, a 5% increase year-over-year, while the Advanced Alloys & Solutions (AA&S) segment saw a 17% increase in sales to $624.0 million. The company maintained a backlog of confirmed orders totaling $4.4 billion as of June 28, 2026, reflecting a strong demand outlook, with approximately 70% of this backlog expected to be fulfilled within the next 12 months.

In terms of strategic developments, ATI completed the issuance of $450 million in senior notes due 2033, which was used to redeem its 2027 notes and support general corporate purposes. The company also reported a gain of $9.8 million from the sale of a previously closed manufacturing facility during the quarter. Additionally, ATI's cash and cash equivalents increased to $783.0 million, up from $416.7 million at the end of the previous fiscal year, providing a solid liquidity position to support ongoing operations and strategic initiatives.

Looking ahead, ATI anticipates continued growth driven by strong demand in its key markets, particularly aerospace and defense. The company is focused on enhancing its operational capabilities and expanding its market presence, while managing costs and optimizing its capital structure. The outlook remains positive, with expectations for sustained revenue growth and improved profitability in the coming quarters.