ATI raises 2026 adjusted EBITDA forecast to $1.19 billion-$1.2 billion

• ATI raised fiscal 2026 adjusted EBITDA guidance to $1.19 billion–$1.2 billion, increasing the midpoint by $35 million.
• Adjusted earnings guidance rose to $5.17–$5.23 per share from $4.90–$5.18.
• Full-year adjusted free cash flow guidance remained unchanged at $550 million–$600 million.
• Fourth-quarter adjusted EBITDA is forecast at $345 million–$355 million, implying 7% sequential growth at the midpoint.
• The upgrade reflects third-quarter outperformance and stronger fourth-quarter expectations; third-quarter adjusted EBITDA reached $328 million, exceeding guidance’s high end by $13 million.

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