ATI (ATI) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $1.23
- Estimate
- $1.04
- Surprise
- +18.3%
- Revenue (period 2026-06-28)
- $1.26B
- Score at report (before → after)
- 5.1 → 5.4/10
Revenue source: xbrl.
How the report landed
ATI (ATI) beat the $1.04 estimate with diluted EPS of $1.23 — a large 18.3% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.1/10) to Sell at 5.4/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates ATI Sell at 5.6/10.
4 of the last 4 quarters beat the estimate; this quarter's +18.3% surprise compares with a +13.7% four-quarter average. Next scheduled report: 2026-10-27.
What supports the rating
- Strong earnings beat streak (4/4)
- Strong growth profile
What argues against it
- Concentration risk — Customer: aerospace & defense end markets (68.0%)
- Sector modifier (Industrials): -0.7
- Leverage penalty (D/E 1.1): -0.5
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $202.68
- Price target
- $226.10
- Stop
- $192.51
- Upside to target
- +11.6%
- Reward-to-risk
- 1.5:1
The stock trades at 59.1× trailing but 32.1× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 29 — a level conventionally read as oversold.
Model outputs from TrendMatrix’s engine as of 2026-09-04 — shown for context, not personalized investment advice.
ATI at TrendMatrix's latest read
Industrial quarters are order-book stories — backlog and book-to-bill color how the market reads the reported number.
- Industry
- Metal Fabrication
- Market cap
- $27.85B
- P/E (fwd)
- 32.1
- P/E (ttm)
- 59.1
- 52-week range
- $74.45–$243.57
- Off 52-week high
- 16.8%
- RSI (14)
- 29
- Volume vs avg
- 0.87×
- Score today
- 5.6/10