ATI Q3 2025 Earnings
Reported Oct 28, 2025 at 7:45 AM ET · SEC Source
Q3 25 EPS
$0.85
BEAT +15.24%
Est. $0.74
Q3 25 Revenue
$1.13B
BEAT +0.17%
Est. $1.12B
vs S&P Since Q3 25
+79.4%
BEATING MARKET
ATI +88.8% vs S&P +9.4%
Market Reaction
Did ATI Beat Earnings? Q3 2025 Results
ATI delivered a standout third quarter for fiscal 2025, posting adjusted EPS of $0.85 against a consensus estimate of $0.74, a beat of 15.24%, while revenue of $1.13 billion edged past expectations by 0.17% and grew 7.1% year over year. The primary e… Read more ATI delivered a standout third quarter for fiscal 2025, posting adjusted EPS of $0.85 against a consensus estimate of $0.74, a beat of 15.24%, while revenue of $1.13 billion edged past expectations by 0.17% and grew 7.1% year over year. The primary engine behind the quarter was a record $792.70 million in aerospace and defense sales, representing 70% of total revenue and climbing 21% from the prior-year period, with commercial jet engine demand alone accounting for $433.60 million. Margin expansion reinforced the top-line strength, as the HPMC segment reached EBITDA margins of 24.2% and AA&S pushed to 17.3%, both meaningfully above year-ago levels. Cash generation was equally notable, with quarterly operating cash flow of $229.50 million funding $150.00 million in share repurchases during the period. Encouraged by sustained demand signals in core markets, management raised its full-year adjusted EPS guidance to $3.15 to $3.21 and lifted adjusted EBITDA guidance to $848.00 million to $858.00 million, reflecting confidence in the trajectory heading into the fourth quarter.
Key Takeaways
- • Record aerospace & defense sales of $793 million, up 21% year-over-year, representing 70% of Q3 sales
- • Commercial jet engine sales grew significantly driven by strong demand
- • Defense sales increased 51% year-over-year to $161 million
- • HPMC segment EBITDA margin expanded to 24.2% from 22.3% YoY on favorable specialty alloy mix and pricing
- • AA&S segment EBITDA margin expanded to 17.3% from 14.8% YoY on improved exotic alloy pricing and mix
- • Operating cash flow of $230 million in Q3 2025 vs $24 million in Q3 2024
- • Lower effective tax rate of 21.4% vs 24.6% in prior year quarter
ATI YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
ATI Revenue by Segment
With YoY comparisons, source: SEC Filings
“We exceeded our guidance in the third quarter, delivering strong adjusted earnings and operating cash flow performance. We continue to see positive demand signals in our core markets, as our customers ramp to achieve their growth targets. We are well-positioned to grow our defense-related business through an expanding mix of highly differentiated products critical to the U.S. and our allies.”
— Kimberly A. Fields, Q3 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% |