Manufacturing & Industrial · Week of Nov 2, 2026
Q3 results diverge as Solstice raises and Tronox cuts outlook
Q3 results from Solstice and Tronox led a mixed week that also brought new industrial components, a 200mm diamond crystal and a robotics reorder.
Third quarter earnings set the tone. Solstice Advanced Materials raised its full-year 2026 guidance after Net Sales rose 8% to $1,046 million, with Electronic Materials up 31%. Tronox lowered its full-year free cash flow outlook, saying the prolonged conflict in the Middle East has raised raw material costs, even as quarterly revenue rose 18% year over year to $827 million.
Product and technology news filled the rest of the week, with several announcements aimed at electronics and semiconductor supply chains. Diamond Foundry says it has grown a 200mm single-crystal diamond for use as a semiconductor substrate, and Valens Semiconductor introduced a low-power USB3 extension chipset. Gates launched a belt meant to replace roller-chain drives. Velo3D disclosed a five-year research agreement with Sandia National Laboratories, Otis received a Guinness World Records title at Tianjin 117, and AITX's RAD unit reported a repeat robot order.
Solstice Advanced Materials US, Inc.
Solstice Advanced Materials Reports Third Quarter 2026 Results
Solstice Advanced Materials reported third quarter 2026 Net Sales of $1,046 million, up 8%, and Net Income of $80 million, or $0.50 per diluted share, compared with a $35 million loss a year earlier. It raised full-year guidance to Net Sales of $4,195 - $4,220 million and Adjusted EBITDA of $1,050 - $1,060 million in its first third quarter since the October 30, 2025 spin-off from Honeywell.
Tronox Holdings plc
Tronox Reports Third Quarter 2026 Financial Results
Tronox reported third quarter 2026 revenue of $827 million and a net loss of $55 million, and now expects a full-year 2026 free cash flow use of $25-50 million, which it attributes to the prolonged conflict in the Middle East. Tronox and JX Advanced Metals will fund about $32 million on a 50/50 basis for rare earth feasibility studies and a US-based pilot facility.
Gates Corporation
Gates Launches Poly Chain® Carbon™ ONE to Expand Chain to Belt Conversion Opportunities Across Industrial Markets
Gates launched Poly Chain Carbon ONE, a synchronous belt intended to replace roller-chain drives, which the company says offers up to 80% lower total cost of ownership and needs no lubrication or retensioning. Channel partner availability begins in North America and is to expand globally throughout 2027.
Otis Worldwide Corporation
Otis Receives Guinness World Records™ Title for Tallest Elevator at Tianjin 117
Otis said two SkyRise elevators at Tianjin 117, rising 597.2 meters, received the Guinness World Records title for "Tallest Elevator in a Building." The company is supplying 266 elevators and escalators for the 117-story tower, which is scheduled for completion by the end of 2027.
Valens Semiconductor
Valens Semiconductor Introduces the VS6310 Chipset, Bringing Power-Efficient USB3 Extension Directly into Video Conferencing Devices
Valens Semiconductor introduced the VS6310, a USB3 extension chipset designed to be built into video conferencing peripherals, which the company says typically draws less than 1 watt. Samples are due in mid-November 2026, with mass production scheduled for January 2027.
Velo3D, Inc.
Velo3D and Sandia National Laboratories Sign Five-Year CRADA to Collaborate on Metal Additive Manufacturing
Velo3D entered a five-year Cooperative Research and Development Agreement with Sandia National Laboratories, signed January 13, 2026, to explore joint research in metal additive manufacturing. Planned areas include part reliability, repeatability across machines and sites, materials development, and workforce development, with individual projects scoped separately.
Artificial Intelligence Technology Solutions Inc.
AITX's RAD Earns Repeat Business as Global Logistics Client Orders Fourth ROAMEO
AITX said its subsidiary RAD received an order for a fourth ROAMEO autonomous security patrol vehicle from an unnamed longtime global logistics client, with deployment expected by the end of calendar year 2026. No financial terms were disclosed, and the company says the repeat order shows room to grow recurring revenue within existing enterprise accounts.
Diamond Foundry
Diamond Foundry Announces First-Ever D200mm Single-Crystal Diamond
Diamond Foundry says it has produced the first-ever D200mm single-crystal diamond, 200 millimeters in diameter, and that the result makes D300mm predictable. The company says this shows a path to wafer-scale diamond semiconductor substrates and that it is scaling volume production through a $2.77B EU Chips Act project in Spain.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not Work Update reporting.