KN

EX-99.1

2 exhibit991q32026.htm

EX-99.1

Document

Exhibit 99.1

Financial Contact:

Sarah Cook

Knowles Investor Relations

Email: investorrelations@knowles.com

Knowles Reports Q3 2026 Financial Results and Provides Outlook for Q4 2026

Q3 Revenues Increased 20% on a Year over Year Basis to $184 million

Q3 Net Cash from Operations was $45 million

2026 Full year revenue estimated at $689 million, up 16% vs 2025

ITASCA, Ill., October 22, 2026 - Knowles Corporation (NYSE: KN), a leading manufacturer of specialty electronic components, including high performance capacitors, radio frequency ("RF") filters, advanced medtech microphones, and balanced armature speakers, today announced results for the quarter ended September 30, 2026.

“Third quarter revenue exceeded the high end of our guidance, while non-GAAP diluted EPS and cash from operations were at the high end of our guided ranges,” said Jeffrey Niew, President and CEO of Knowles.

“Total Company revenue grew 20% year over year in the third quarter, and our book-to-bill ratio in Precision Devices remained above one for the eighth consecutive quarter, reflecting continued order strength,” Mr. Niew continued. “By executing our strategy—leveraging our differentiated technologies, developing custom products through close customer collaboration, and scaling production with our world-class operational capabilities—we delivered strong growth across the four major markets we serve: Medtech, Defense, Industrial, and Electrification. Additionally, at the mid-point of our fourth quarter guided range, full year 2026 revenue is expected to grow 16%. I am pleased with the Company’s performance and excited about the opportunities ahead.”

Mr. Niew stated, “Given the strength of our bookings, the number of new design wins ramping up, and favorable long-term secular trends in our markets, as I look forward to 2027, I expect us to continue exceeding the revenue and adjusted EBITDA growth targets presented at our May 2025 Investor Day to drive long-term shareholder value.”

Financial Highlights

The following table highlights the Company’s financial performance on both a GAAP and supplemental non-GAAP basis for continuing operations* with the exception of Net cash provided by operating activities (in millions, except per share data):

Q3-26Q2-26Q3-25

Revenues$184.0$166.8$152.9

Gross profit$81.3$74.6$69.9

(as a % of revenues)44.2%44.7%45.7%

Non-GAAP gross profit $83.3$75.7$70.7

(as a % of revenues)45.3%45.4%46.2%

Diluted earnings per share**$0.24$0.21$0.21

Non-GAAP diluted earnings per share$0.38$0.33$0.33

Net cash provided by operating activities$44.6$28.2$29.1

* Continuing operations excludes the results of the Consumer MEMS Microphones reporting business, which was divested in December 2024.

** Current period results include $0.06 per share in stock-based compensation expense, $0.04 per share in intangibles amortization expense, $0.01 per share in restructuring charges, $0.01 per share in production transfer costs, and $0.02 per share for differences related to the GAAP effective tax rate excluded from non-GAAP results.

1

Fourth Quarter 2026 Outlook

The forward looking guidance for the quarter ending December 31, 2026 on a continuing operations basis, with the exception of Net cash provided by operating activities, is as follows:

GAAPAdjustmentsNon-GAAP

Revenues from continuing operations$180 to $190 million—$180 to $190 million

Diluted earnings per share from continuing operations$0.31 to $0.35$0.08$0.39 to $0.43

Net cash provided by operating activities$60 to $70 million—$60 to $70 million

Q4 2026 GAAP results from continuing operations are expected to include approximately $0.06 per share in stock-based compensation expense, $0.04 per share in intangibles amortization expense, $0.02 per share for differences related to the GAAP effective tax rate, and $0.02 per share for other adjustments, partially offset by $0.06 per share in Syntiant dividend income. These items are excluded from non-GAAP results.

Non-GAAP Financial Measures

In addition to the GAAP results included in this press release, Knowles has presented supplemental non-GAAP gross profit, earnings before interest and income taxes, adjusted earnings before interest and income taxes, earnings before interest, income taxes, depreciation, and amortization, adjusted earnings before interest, income taxes, depreciation, and amortization, non-GAAP diluted earnings per share, free cash flow, as well as other metrics on a non-GAAP basis that exclude certain amounts that are included in the most directly comparable GAAP measure to facilitate evaluation of Knowles’ operating performance. Non-GAAP results are not presented in accordance with GAAP. Non-GAAP information should be considered a supplement to, and not a substitute for, financial statements prepared in accordance with GAAP. In addition, the non-GAAP financial measures included in this press release do not have standard meanings and may va

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