AI and memory demand pushed Electronic Materials sales up 31%, and management raised full-year adjusted EPS guidance to $2.90 to $2.95, the second straight quarterly hike. The company also plans to substantially finish its $500 million buyback by the end of the first quarter of 2027.
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Solstice Advanced Materials and SiTime Join the S&P MidCap 400 As AI Stocks Reshuffle the Index
Tonight’s S&P quarterly rebalancing is a clean snapshot of where the market’s center of gravity has shifted. Lumentum (LITE) and Coherent (COHR) graduated to the S&P 500, leaving two vacancies in the…