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ATI (ATI) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · ATI (ATI) Q3 2026 earnings results →
Q3 2026 Revenue up 26% year over year to $1.4B · 13¢ of every $1 of revenue kept as net profit · operating margin 19.1%
ATI made $1.4B in Q3 2026 (+26% Y/Y). Operating margin 19.1%, net earnings $190M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter
Revenue was $1.4B in Q3 2026, up 26% year over year and up 13% from the previous quarter.
Gross margin was 26.7%, up 4.0 points from a year earlier. Operating profit was $0.27B, a 19.1% margin (up 4.7 points year over year). Of the extra revenue versus a year earlier, 37% reached operating profit, above the 14% margin then. Operating expenses grew 17% against revenue growth of 26%. Net earnings were $0.19B, up 73% year over year. The effective tax rate was 21.0%.
Operating cash flow was $0.15B (down 33% year over year), 80% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.09B. Capital expenditures of $0.09B left free cash flow of $0.06B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $1.4B | +26% | 19.1% | $190M | $155M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $1.3B | +11% | 17.4% | $151M | $132M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About ATI
ATI Inc. is a Delaware corporation with its corporate headquarters located at 2021 McKinney Avenue, Suite 1100, Dallas, TX 75201, telephone number (800) 289-7454, Internet website address www.atimaterials.com. Our Internet website and content contained therein or connected thereto are not intended to incorporate into this Annual Report on Form 10-K. References to “ATI,” the “Company,” “the Registrant,” “we,” “our” and “us” and similar terms mean ATI Inc. and its subsidiaries, unless the context otherwise requires. When used in this Annual Report on Form 10-K, unless the context otherwise requires or unless otherwise specified, any reference to “year” is to the Company’s fiscal year.
In its own words, from its 10-K, filed Feb 20, 2026.
ATI against its Steel Pipe & Tubes peers
The largest companies of the same SEC industry, each at its latest quarter.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| ATI ATI | Q3 2026 | $1.4B | +26% | 19.1% |
| NWPX Nwpx Infrastructure | Q3 2026 | $179M | +19% | 13.6% |
Source: ATI 10-Q on SEC EDGAR · CIK 1018963 · Steel Pipe & Tubes
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More on ATI
History
Every quarter: Q3 2026 results · Q2 2026 results