Sollensys Corp. Earnings Recaps
Q2 2026
Aug 1, 2026
Solstice Advanced Materials delivered better-than-expected top and bottom line results, with revenue and adjusted EBITDA surpassing guidance, driving an 8.1% stock rally. Investors responded positively to strong demand momentum across key segments and raised full-year guidance.
Key takeaways
- Q2 net sales grew 11% year-over-year to $1.148 billion, exceeding the high end of guidance.
- Adjusted EBITDA rose 2% year-over-year to $290 million, also above guidance, with margin stable at 25.3%.
- Growth driven by strong demand in Refrigerants & Applied Solutions (notably HFO refrigerants and data center orders) and Electronic & Specialty Materials (semiconductor applications).
- GAAP net income reached $119 million, up from $97 million last year; adjusted EPS was $0.88.
- Free cash flow for H1 2026 was $248 million despite increased growth CapEx to support strategic investments and expansion projects.
Q1 2026
May 7, 2026
Solstice’s stock declined 6.9% following the quarter, reflecting investor disappointment with margin compression due to refrigerant mix and elevated R&D spending, despite top-line growth and solid cash flow.
Key takeaways
- Net sales increased 10% year-over-year to $991 million, driven by robust demand in Electronic Materials and Refrigerants & Applied Solutions segments.
- Adjusted EBITDA was flat year-over-year at $249 million, with a 25.1% margin, down primarily due to a mix shift toward lower-margin refrigerants and higher R&D investments.
- GAAP net income declined to $85 million, impacted by higher SG&A and interest expenses as a stand-alone public company.
- Adjusted diluted EPS came in at $0.63 for the first quarter.
- Free cash flow totaled $124 million, despite a significant rise in growth CapEx, including a $200 million investment to expand sputtering target capacity.