Filing Flows › ATI (ATI) › Q2 2026 › vs Q2 2025
ATI (ATI) Q2 2026 vs Q2 2025 (year over year)
ATI's revenue rose $121M (+11%) from $1.1B in Q2 2025 to $1.3B in Q2 2026. Gross margin 24.6% against 21.3% (+3.3 pts).
ATI, Q2 2026: revenue $1.3B (+11% year over year), operating margin 17.4%, net earnings $151M, operating cash flow $132M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 24.6% | 21.3% | +3.3 pts |
| Operating margin | 17.4% | 14.1% | +3.3 pts |
| Net margin | 12.0% | 8.8% | +3.1 pts |
| Free cash flow margin | 5.0% | 7.8% | -2.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $1.3B | $1.1B | $121M | +11% |
| Gross profit | $310M | $242M | $67.3M | +28% |
| Cost of revenue | $951M | $898M | $53.4M | +6% |
| Operating profit | $220M | $161M | $59.0M | +37% |
| Operating expenses | $89.8M | $81.5M | $8.3M | +10% |
| Pre-tax earnings | $193M | $133M | $59.6M | +45% |
| Other expense, net | $27.1M | $27.7M | −$600K | -2% |
| Net earnings | $151M | $101M | $50.3M | +50% |
| Minority interests | $3.3M | $3.3M | $0 | 0% |
| Income tax | $38.6M | $29.3M | $9.3M | +32% |
| Depreciation & amortization | $44.0M | $41.6M | $2.4M | +6% |
| Share-based compensation | $7.7M | $7.4M | $300K | +4% |
| Working capital & other | $70.9M | −$11.8M | $82.7M | — |
| Operating cash flow | $132M | $162M | −$29.7M | -18% |
| Free cash flow (OCF − capex) | $63.2M | $89.4M | −$26.2M | -29% |
| Capital expenditures | $68.6M | $72.1M | −$3.5M | -5% |
Questions
How much did ATI's revenue grow year over year in Q2 2026?
ATI's revenue rose $121M (+11%) from $1.1B in Q2 2025 to $1.3B in Q2 2026. Gross margin 24.6% against 21.3% (+3.3 pts).