22 February 2026
Disclaimer: This is a simplified summary of a public company filing. See full disclaimer here.
ATI INC
CIK: 1018963•1 Annual Report•Latest: 2026-02-20
10-K / February 20, 2026
ATI Inc.
Company and business model
- Delaware corporation with corporate headquarters at 2021 McKinney Avenue, Dallas, TX 75201.
- Mission: "to solve the world’s challenges through materials science."
- Operates two reportable segments:
- High Performance Materials & Components (HPMC)
- Advanced Alloys & Solutions (AA&S)
Segment overview and product focus
HPMC
- Produces high-performance materials, parts, and components for aerospace & defense, specialty energy, and medical markets.
- Materials: nickel-based alloys and superalloys, titanium and titanium-based alloys, and other specialty materials.
- Capabilities: cast/wrought and powder alloys, precision forgings, machined parts, and 3D-printed aerospace products.
- Revenue mix: about 92% of HPMC revenue in 2025 came from aerospace & defense; roughly 68% of HPMC revenue was from commercial jet engines.
AA&S
- Produces nickel-based alloys, titanium and titanium-based alloys, and specialty alloys (including zirconium, hafnium, niobium).
- Product forms include plate, sheet, and other configurations focused on high-value materials for extreme environments.
- End-market mix: aerospace & defense accounted for about 41% of AA&S revenue, with additional exposure to specialty energy, conventional energy, electronics, and other markets.
Global footprint and capabilities
- Selected manufacturing and processing locations:
- HPMC: melting in Monroe, NC; Bakers, NC; Richland, WA. Finishing in Monroe, NC; Bakers, NC; Richburg, SC; Oakdale, PA. Forging/machining in Cudahy, WI; Appleton, WI; Coon Valley, WI; Irvine, CA. Additive manufacturing in Margate, FL.
- AA&S: zirconium, hafnium, niobium production in Millersburg, OR and Huntsville, AL. Nickel melting in Lockport, NY. Titanium melting in Albany, OR. Flat-rolled materials finishing in Vandergrift, WA and facilities in Rochester, Monaca, and Zelienople, PA; Pageland, SC. Forging/machining in Stalowa Wola, Poland.
- STAL joint venture (PRS products) in Xin-Zhuang Industrial Zone, Shanghai, China (ATI owns 60%).
- Facilities are substantially company-owned; select international sites are leased (France, Germany, U.K., Poland, Mexico, China).
- Corporate headquarters in Dallas, TX (leased) and an enterprise resource center in Pittsburgh, PA (leased).
End markets and customer dynamics
- Aerospace & Defense is ATI’s largest end market across both segments.
- International sales represent about 42% of total annual sales; direct export sales to foreign customers account for about 34% of total sales.
- Many HPMC products are sold under multi-year agreements; some AA&S products are also covered by long-term arrangements.
Financial snapshot (fiscal year ended December 28, 2025)
- Total revenues: approximately $4.6 billion (compared with $4.4 billion in 2024 and $4.2 billion in 2023).
- Revenue by segment:
- HPMC: about 53% of total revenue.
- AA&S: about 47% of total revenue.
- Backlog of confirmed orders (as of December 28, 2025):
- Total backlog: about $3.7 billion.
- HPMC backlog: about $3.1 billion.
- AA&S backlog: about $0.6 billion.
- Expected fulfillment in fiscal year 2026: approximately 70% of the HPMC backlog and 90% of the AA&S backlog.
- Employees: approximately 7,600 active employees; about 15% are located outside the U.S., across 15 countries.
Raw materials, energy, and supply chain
- Key materials: nickel-based alloys, titanium, zirconium, hafnium, niobium, cobalt, chromium, molybdenum, and related alloys.
- Global sourcing with material exposure from multiple regions, including China.
- Raw material price volatility is managed through mechanisms such as surcharges and index-based adjustments.
- Availability and cost of energy resources (electricity, natural gas, oil) are material considerations for operations.
Intellectual property and technology
- ATI holds hundreds of U.S. patents and other IP rights supporting its materials science and advanced manufacturing processes.
- The company has added capabilities in additive manufacturing and post-processing for aerospace & defense applications.
Governance and disclosure
- Public disclosures and investor information are available via ATI’s website and SEC filings.
- ATI maintains a cybersecurity program aligned with the NIST framework and governance oversight by the Board.
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