Element Solutions (ESI) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Element Solutions published the results on October 21, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Element Solutions reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adjusted EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Element Solutions bought EFC Gases & Advanced Materials on January 2, 2026 and Micromax on February 2, 2026. Neither was in the year-ago quarter, so reported growth is far above organic growth.
• Element Solutions passes the cost of certain metals through to customers. Pass-through metals were $318.5 million of Q3 2026 net sales, against $125.0 million a year earlier, and swing reported revenue with metal prices.
• Element Solutions agreed to merge with Solstice on July 6, 2026, and the two companies agreed to terminate the merger agreement on August 27, 2026.

Source: Element Solutions Q3 2026 results, October 21, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Element Solutions splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Element Solutions's Electronics revenue was $780 million in Q3 2026, up 68% from $465 million in Q3 2025, 78% of total revenue.
• Element Solutions's Specialties revenue was $216 million in Q3 2026, up 13% from $191 million in Q3 2025, 22% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Element Solutions said:

“The Company now expects full year 2026 adjusted EBITDA to be approximately $720 million, inclusive of full year contributions from the Micromax and EFC acquisitions and assuming stable exchange rates and metal prices, and an adjusted EPS growth rate of over 20% for the full year.”

Source: Element Solutions Q3 2026 release, Oct 21, 2026.

This is the company's own guidance as of Oct 21, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the ESI forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP net sales and diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for Element Solutions's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 21, 2026

Element Solutions reported record Q3 2026 net sales of $995.3 million, up 52% from $656.1 million, but organic growth was 13%. Acquisitions added 25 points and higher pass-through metals pricing 14 points. Excluding pass-through metals, net sales were $676.8 million, up 27%. (Element Solutions Q3 2026 release, Oct 21, 2026)

Electronics is Element Solutions' larger segment, with net sales of $779.6 million, up 68% and 18% organically. Assembly Solutions brought in $368.6 million, up 55%, where the 10-Q cites volume gains in Asia and solder paste and engineered preform materials for datacenter applications. Circuitry Solutions grew 18% to $162.2 million on AI and data center demand for metallization, and Semiconductor Solutions grew 24% to $111.0 million on power electronics and plating for advanced packaging. Micromax, acquired in February 2026, added $137.8 million. (Element Solutions Q3 2026 release, Oct 21, 2026; Element Solutions Form 10-Q, Q3 2026, Oct 22, 2026)

Element Solutions' Specialties segment grew 13% to $215.7 million, but only 1% organically. Industrial Solutions rose 3% to $169.8 million on pricing actions, including metal inflation-related surcharges, EFC, acquired in January 2026, added $23.4 million, and Energy Solutions fell 12% to $22.5 million, which the 10-Q attributes to temporary equipment downtime at a large customer. (Element Solutions Q3 2026 release, Oct 21, 2026; Element Solutions Form 10-Q, Q3 2026, Oct 22, 2026)

Pass-through metals made up $318.5 million of Element Solutions' Q3 2026 net sales, up 155% from $125.0 million, all of it in Electronics. The 10-Q says Electronics benefited from $94.4 million of pass-through metals pricing and $138 million of acquisitions, which included $93.1 million of pass-through metals. (Element Solutions Q3 2026 release, Oct 21, 2026; Element Solutions Form 10-Q, Q3 2026, Oct 22, 2026)

Element Solutions' GAAP diluted EPS was $0.27, against $0.16, and adjusted EPS $0.50, against $0.41. Adjusted EPS adds back $30.3 million of amortization, $21.9 million of acquisition, integration and transaction expenses and $11.8 million of unrealized losses on metals derivative contracts, and removes $6.1 million of foreign exchange gains on intercompany loans and a $5.9 million drop in the fair value of the EFC contingent consideration. (Element Solutions Q3 2026 release, Oct 21, 2026)

Element Solutions taxes its adjusted earnings at a fixed 20% rate, which it says reflects benefits from U.S. tax attribute carryforwards, and divides by adjusted shares outstanding of 246.1 million instead of 243.7 million diluted weighted average shares. GAAP income tax expense was $27.6 million on $93.3 million of pre-tax income. (Element Solutions Q3 2026 release, Oct 21, 2026)

Element Solutions repurchased $37.7 million of stock in Q3 2026 and paid $19.5 million of dividends. Net debt was $1,869.8 million at September 30, 2026, and about 94% of debt was fixed-rate through swaps. (Element Solutions Q3 2026 release, Oct 21, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Element Solutions gives full-year guidance for adjusted EBITDA only. With Q3 2026 results it raised its 2026 adjusted EBITDA guidance to about $720 million, including full-year contributions from Micromax and EFC and assuming stable exchange rates and metal prices, and said it expects adjusted EPS growth of over 20% for the year. It gives no revenue or GAAP EPS guidance. (Element Solutions Q3 2026 release, Oct 21, 2026)

A consensus figure is the average of the models published by the analysts who cover Element Solutions, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Element Solutions's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning ESI is on is ESI a buy or a sell?, what analysts expect next is on the ESI forecast, and what the company does is on the Element Solutions (ESI) stock page.

Every number on this page can be traced to a document Element Solutions published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.