SOLS Nasdaq Russell 1000 Earnings call
Solstice Advanced Materials (SOLS) · Q2 2026 results and valuation
Share price: $67.15 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 30 Jul 2026 and 6 May 2026
Net income up 40.0% on the previous quarter. Management sounded cautious, though noticeably more positive answering analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
+40.0%
Net income vs Q1 2026
Outlook given
Net income 119.0M vs 85.0M
Revenue +15.8%
Against the same quarter last year (Q2 2025) it is +22.7%, so it is not just seasonal.
2 · How management spoke
Cautious
Among the least upbeat of all company calls
Answers to analysts: very upbeat, and more positive than the script.
Similar to last call.
3 · What stood out
Key theme
Data center orders reached $473 million, a 13% year-over-year increase, while the nuclear business grew 27% year-over-year to $125 million in net…
Valuation
Is Solstice Advanced Materials undervalued?
Reverse DCF. Free cash flow from the last full fiscal year (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
At 10.0% growth a year (the standard assumption), the model's fair value is $8.49 a share — the stock trades 691% above it. Today's price assumes 30.1% growth a year.
Current price
$67.15
close of 2026-11-11
Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.
+30.1% for 10 yrs
Fair value / share
$8.49
Buy below
$6.37
Price vs fair value
Overvalued >200%
Price vs buy-below price
Overvalued >200%
Read between the lines
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Guidance
For the full year 2026, Solstice Advanced Materials now expects to deliver net sales between $4.125 billion and $4.185 billion, adjusted EBITDA between $1.035 billion and $1.055 billion and adjusted…
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Guidance
Solstice Advanced Materials now expects capital expenditures between $420 million and $440 million.
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Figure
Solstice recorded $1.148 billion in net sales in the second quarter of 2026, which was up 11% year-over-year.
Source quote
“In the second quarter of 2026, Solstice recorded $1.148 billion in net sales, up 11% year-over-year, which exceeded the top...”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Management was more positive answering analysts than in its script — usually a sign it was comfortable with the details it was asked about.
Sentences that drove the tone
“Finally, free cash flow for the first half of 2026 was $248 million, which is inclusive of the significant year-over-year increase in growth CapEx as we invest in high-return opportunities...”
“This combination represents a significant acceleration of our strategy to build an industry-leading advanced materials platform with increased exposure to high-growth electronics, AI infrastructure and other attractive end markets.”
“Our capital expenditures for the first half were $186 million, a 32% increase compared to the prior year period due to planned increases in capital spending to drive long-term growth...”
Full figures
USD · SEC EDGAR XBRL (10-Q, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 1.15B | 991.0M | +15.8% | 1.03B | +11.1% |
| Gross profit | 370.0M | 316.0M | +17.1% | 362.0M | +2.2% |
| Operating income | 176.0M | 136.0M | +29.4% | 199.0M | −11.6% |
| Net income | 119.0M | 85.0M | +40.0% | 97.0M | +22.7% |
| EPS | 0.75 | 0.53 | +41.5% | 0.61 | +23.0% |
| P/E today 44.3 | 67.6 | 65.1 | +2.5 | — | — |
Topics
Most discussed now
- As Solstice Advanced Materials discussed today, it is seeing continued strong demand in its businesses that serve key end markets aligned…
- New John, first off, Solstice Advanced Materials did as it had signaled in quarter one, it did have very heavy plant turnarounds in...
- New For the first half, the team has done an absolutely terrific job in terms of cost management of Solstice Advanced Materials' corporate...
- During the second quarter, Solstice Advanced Materials again delivered strong top and bottom line results, reflecting ongoing robust demand…
- This primarily reflects volume growth and favorable pricing in both nuclear and refrigerants as well as volume growth in Electronic...
Faded since Q1 2026
- Dropped Solstice Advanced Materials justs feel that its technology in copper manganese is a better technical solution, and it's just getting…
- Fading Solstice Advanced Materials is deploying its strong cash flow in a prudent manner with high-growth investments and returning cash to…
- Fading It will certainly come down to a combination of both, what those global customer demand needs are going to be...
Latest announcements
Official filings, newest first.
- Material agreement; Agreement terminated; Regulation FD disclosure; Other events · SEC 8-K
- Results of operations · SEC 8-K
- Material agreement · SEC 8-K
- Regulation FD disclosure · SEC 8-K
- Other events · SEC 8-K
- Material agreement; Other events · SEC 8-K
- Regulation FD disclosure · SEC 8-K
- Shareholder vote results · SEC 8-K