ATI

Q1 FY2026 EarningsQ2 FY2026 beat consensus across all major top and bottom-line metrics, with revenue of $1.26B vs. $1.22B expected and Adjusted EPS of $1.23 vs. $1.04 mean estimate. The performance was driven by a 13% YoY surge in Aerospace & Defense sales and significant margin expansion in the AA&S segment (EBITDA margin up to 23.7%). Management significantly raised FY2026 Adjusted EPS guidance to $4.90-$5.18, well above the previous range and market expectations, reflecting robust AI-adjacent and commercial aerospace demand.