ATI Q2 2025 Earnings
Reported Jul 31, 2025 at 7:36 AM ET · SEC Source
Q2 25 EPS
$0.74
BEAT +3.76%
Est. $0.71
Q2 25 Revenue
$1.14B
MISS 1.37%
Est. $1.16B
vs S&P Since Q2 25
+119.9%
BEATING MARKET
ATI +139.0% vs S&P +19.1%
Market Reaction
Did ATI Beat Earnings? Q2 2025 Results
ATI posted a mixed second quarter in 2025, beating on earnings while falling just short on the top line, a combination that rattled investors and sent shares sharply lower after results were released. Adjusted EPS of $0.74 cleared the $0.71 consensus… Read more ATI posted a mixed second quarter in 2025, beating on earnings while falling just short on the top line, a combination that rattled investors and sent shares sharply lower after results were released. Adjusted EPS of $0.74 cleared the $0.71 consensus estimate by 3.76%, while revenue of $1.14 billion missed expectations by 1.37%, though it still represented 4.1% growth year-over-year. The clearest driver of profit strength was the commercial jet engine business, where sales surged 27% year-over-year to $447.80 million, anchoring the aerospace and defense segment's 67% share of total revenue and fueling a 14% climb in adjusted EBITDA to $207.70 million. Margins expanded to 18.2% from 16.7% a year ago, reflecting favorable pricing in nickel-based alloys and disciplined cost management. ATI also deployed $250 million in share repurchases during the quarter at an average price of $76.79. Looking ahead, management raised full-year guidance, now targeting adjusted EPS of $2.90 to $3.07 and adjusted EBITDA of $810 million to $840 million, citing long-term contract extensions with major airframe customers as demand is expected to build through 2026.
Key Takeaways
- • Commercial jet engine sales surged 27% YoY, representing 39% of total sales
- • Aerospace & defense sales of $762 million, up 11% YoY, representing 67% of total Q2 sales
- • HPMC segment EBITDA margin expanded to 23.7% from 20.2% YoY driven by favorable nickel-based alloy pricing
- • Recognition of $4.4 million in previously deferred employee retention credits in HPMC
- • Corporate expenses declined to $15.4M from $19.4M YoY due to lower incentive compensation
- • Lower interest expense of $25.4M vs $28.4M in Q2 2024
ATI YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
ATI Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our second quarter performance demonstrates strong, sustained demand in ATI's aerospace and defense end markets. Consistent operational performance drove double-digit growth in net income, EPS and adjusted EBITDA on a year-over-year basis. We see demand increasing from our A&D customers as the industry looks toward ramping production and deliveries through the remainder of 2025 and continuing into 2026. Recent long-term contract extensions with both major airframe companies further underscore ATI's unique position in this industry.”
— Kimberly A. Fields, Q2 2025 Earnings Press Release
ATI Earnings Trends
ATI vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ATI EPS Trend
Earnings per share: estimate vs actual
ATI Revenue Trend
Quarterly revenue: estimate vs actual
ATI Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.88 | $1.00 | +13.53% | $1.15B | -2.60% |
| Q4 25 BEAT FY | $0.87 | $0.93 | +7.48% | $1.18B | -1.18% |
| FY Full Year | — | $3.24 | — | $4.59B | — |
| Q3 25 BEAT | $0.74 | $0.85 | +15.24% | $1.13B | +0.17% |
| Q2 25 BEAT | $0.71 | $0.74 | +3.76% | $1.14B | -1.37% |