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ATI

ATI Q4 2025 Earnings

Reported Feb 3, 2026 at 7:37 AM ET · SEC Source

Q4 25 EPS

$0.93

BEAT +7.48%

Est. $0.87

Q4 25 Revenue

$1.18B

MISS 1.18%

Est. $1.19B

vs S&P Since Q4 25

+38.5%

BEATING MARKET

ATI +48.0% vs S&P +9.5%

Full Year 2025 Results

FY 25 EPS

$3.24

FY 25 Revenue

$4.59B

Market Reaction

Did ATI Beat Earnings? Q4 2025 Results

ATI Inc. Delivered a profit-driven quarter to close fiscal 2025, posting adjusted EPS of $0.93 against a consensus estimate of $0.87, a beat of 7.48%, even as revenue of $1.18 billion edged just below the $1.19 billion estimate and came in nearly fla… Read more ATI Inc. Delivered a profit-driven quarter to close fiscal 2025, posting adjusted EPS of $0.93 against a consensus estimate of $0.87, a beat of 7.48%, even as revenue of $1.18 billion edged just below the $1.19 billion estimate and came in nearly flat year-over-year at +0.4%. The primary engine behind the earnings strength was aerospace and defense, which accounted for 68% of Q4 sales, up from 65% a year earlier, fueling demand for ATI's proprietary alloys and a richer product mix that lifted adjusted EBITDA to $231.90 million, or 19.7% of sales. The High Performance Materials and Components segment saw Q4 sales climb 7% sequentially to $645.90 million on higher jet engine and airframe shipments, while full-year operating cash flow surged more than 50% to $614.30 million, enabling $470.00 million in share repurchases. Looking ahead, ATI guided full-year 2026 adjusted EPS to $3.99 to $4.27 and adjusted EBITDA of $975.00 million to $1.03 billion, with management citing sustained demand in core markets and strong operational execution as the foundation for continued margin and cash flow expansion.

Key Takeaways

  • • Robust demand for aerospace & defense materials, representing 68% of Q4 sales
  • • Commercial jet engine sales increased to 39% of total Q4 revenue
  • • HPMC segment EBITDA margin expanded to 24.0% from 20.0% year-over-year
  • • AA&S segment EBITDA margin improved to 18.5% from 16.3% year-over-year on favorable manufacturing costs and exotic alloy pricing
  • • Disciplined working capital management drove managed working capital to 32.5% of annualized sales, down 390 basis points sequentially
  • • Full-year operating cash flow increased more than 50% year-over-year to $614 million
24/7 Wall St

ATI YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

ATI Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“As we projected, we finished 2025 with strong momentum, exceeding the upper range of our fourth quarter and full-year earnings and cash flow guidance. Demand for ATI's differentiated products and solutions continues to be robust as we support our customers' production ramps and critical missions. I am more confident than ever in ATI's position as an integral part of our customers' supply chains.”

— Kimberly A. Fields, Q4 2025 Earnings Press Release

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