The raised guidance and strong organic growth in Electronics (18%) signal accelerating demand from AI infrastructure and high-performance computing. Watch for Q4 2026 results to confirm sustained momentum and for any M&A commentary following the terminated Solstice deal.
Price Chart
Executive Summary
Element Solutions reported record Q3 2026 results with net sales of $995M (+52% YoY, +13% organic) and adjusted EPS of $0.50, beating consensus of $0.47 by 6.4%. The company raised full-year 2026 adjusted EBITDA guidance to approximately $720M (from $665-685M) and guided to adjusted EPS growth exceeding 20% for the year, driven by sustained momentum in Electronics (+18% organic) and contributions from recent acquisitions.
Key Financial Metrics
Key Facts
- Q3 2026 net sales of $995M, +52% reported, +13% organic vs Q3 2025
- Adjusted EPS of $0.50 vs consensus $0.47 (beat by 6.4%)
- GAAP diluted EPS of $0.27 vs $0.16 YoY
- Adjusted EBITDA of $191M, +29% constant currency growth
- Electronics organic net sales growth of 18%; Specialties organic growth of 1%
- Full-year 2026 adjusted EBITDA guidance raised to ~$720M (from $665-685M)
- Full-year adjusted EPS growth guided to exceed 20%
- Q3 2026 operating cash flow of $159M and free cash flow of $135M
- Net debt reduced to $1.87B from $1.99B at Q2 2026
- Solstice merger terminated in August 2026; company proceeding as standalone
Financial Impact
Revenue beat consensus by ~$26M; adjusted EBITDA guidance raised by ~$35-55M at midpoint; adjusted EPS growth >20% for FY2026
Risk Factors
- Pass-through metals pricing volatility could distort reported revenue and margins
- Specialties segment adjusted EBITDA declined 6% YoY, indicating mixed performance
- Integration of Micromax and EFC acquisitions carries execution risk
- Macroeconomic headwinds from tariffs and geopolitical tensions could impact demand
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001590714-26-000069 |
| Document: esi-20261021.htm | 0001590714-26-000069 |
| Document: 0001590714-26-000069-index-headers.html | 0001590714-26-000069 |
| Document: 0001590714-26-000069-index.html | 0001590714-26-000069 |
| Document: 0001590714-26-000069.txt | 0001590714-26-000069 |
| 8-K Data (Synthetic) | 0001590714-26-000069 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Institutional Cluster | $33.21 | awaiting T+5 | — | $33.54 (+0.99%) |
Oct 21, 2026 5d ago | 8-K | $33.11 | awaiting T+5 | — | $33.54 (+1.30%) |
Aug 27, 2026 8w ago | 8-K | $34.93 $36.01 | ▲ +3.09% | ▲ +2.98% | $33.54 (−3.98%) |
Jul 20, 2026 14w ago | 425 / 8-K | $36.46 $37.44 | ▲ +2.69% | ▲ +3.11% | $33.54 (−8.01%) |
Jul 9, 2026 15w ago | 425 | $40.57 $37.63 | ▼ −7.25% | ▼ −7.12% | $33.54 (−17.33%) |
Jul 6, 2026 16w ago | 425 / 8-K | $42.32 $39.82 | ▼ −5.91% | ▼ −6.40% | $33.54 (−20.75%) |
Jul 6, 2026 16w ago | 8-K / 425 | $42.32 $39.82 | ▼ −5.91% | ▼ −6.40% | $33.54 (−20.75%) |
Apr 28, 2026 25w ago | 8-K | $42.48 $44.16 | ▲ +3.95% | ▲ +0.84% | $33.54 (−21.04%) |
Mar 23, 2026 31w ago | DEFA14A | $33.76 $34.14 | ▲ +1.13% | ▲ +1.55% | $33.54 (−0.65%) |
Feb 20, 2026 35w ago | Insider Cluster | $35.36 $35.01 | ▲ +0.99% | ▲ +0.54% | $33.54 (+5.14%) |
US Market Status
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