Solstice Reaffirms 2026 Outlook After Strong Q1, Unveils $200 Million Spokane Expansion

Overview

• Solstice reported Q1 net sales of $991 million, up 10% year over year, with adjusted EBITDA of $249 million.
• The company announced a $200 million project to double semiconductor materials capacity at its Spokane facility.
• Management kept full-year guidance for net sales at $3.9 billion to $4.1 billion and adjusted EBITDA at $975 million to $1.025 billion, and projected Q2 sales of $1.06 billion to $1.1 billion.
• Shares fell after the revenue outlook landed slightly below Wall Street’s forecast, even as nuclear and electronic materials demand stayed strong.
• Leaders outlined about $30 million in 2026 transition service costs tied to the spin and said a $20 million Q1 noncontrolling interest should revert to about $10 million per quarter.