SEC 8-K filings with transcript text
Aug 4, 2026
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Exhibit 99.1
Qnity Reports Second Quarter 2026 Results, Raises Full-Year Financial Guidance
–Second quarter net sales of $1.4 billion, up 22% year-over-year, organic sales(1) up 22%
–GAAP net income of $136 million, down 31% year-over-year; Adjusted Earnings(1) of $250 million, up 53% year-over-year
–Adjusted Operating EBITDA(1) of $431 million, up 24% year-over-year
–GAAP EPS of $0.59, down 34% year-over-year; Adjusted EPS(1) of $1.19, up 53% year-over-year
–Raises full year 2026 financial guidance
WILMINGTON, Del., August 4, 2026 – Qnity Electronics, Inc. (“Qnity”) (NYSE: Q) today reported results for the second quarter ended June 30, 2026.
“We delivered our ninth consecutive quarter of profitable growth driven by disciplined execution across both segments,” said Jon Kemp, Qnity’s Chief Executive Officer. “The continued momentum reflects our deep alignment with the industry’s most advanced technology roadmaps, our embedded role in customers’ next-generation platforms, and our ability to deliver the solutions they need at scale.”
Kemp added, “The industry shift toward shrink and stack is lengthening the journey every chip takes, requiring more process complexity and more layers, creating a multiplier effect for materials intensity. Qnity sits at the center of this trend with one of the broadest portfolios of end-to-end solutions across the stack. As AI, high-performance computing and advanced connectivity reshape demand, we are uniquely positioned to continue enhancing value for customers and deliver long-term growth for our shareholders.”
Financial Results Summary
In millions, except per share amountsGAAP Results
Net Sales$1,429 $1,170
Semiconductor Technologies744 644
Interconnect Solutions685 526
Gross Profit$666 $540
Net Income$136 $198
Diluted Earnings Per Share$0.59 $0.90
Non-GAAP Results
Adjusted Gross Profit$666 $542
Adjusted Operating EBITDA$431 $347
Adjusted Earnings, net of tax$250 $163
Adjusted Earnings Per Share$1.19 $0.78
(1) Organic Sales, Adjusted Gross Profit, Adjusted Operating EBITDA, Adjusted Earnings, and Adjusted EPS are non-GAAP measures. See “Non-GAAP Measures” for further discussion, including a definition of significant items. Reconciliations to the most directly comparable GAAP measure, including details of significant items, can be found in the “Non-GAAP Measures” section of this press release.
(2) Q2 2025 is presented on a pro forma basis. The Pro Forma non-GAAP measures give effect to pro forma adjustments related to interest expense associated with our current indebtedness, agreements executed in connection with the spin-off from DuPont de Nemours, Inc. (“DuPont”) and other standalone costs as if the spin-off had occurred on January 1, 2025. See “Non-GAAP Measures” for further discussion, including a definition of significant items. Reconciliations to the most directly comparable GAAP measure, including details of significant items, can be found in the “Non-GAAP Measures” section of this press release. Refer to the “Non-GAAP Measures” section of this press release for further details on these adjustments.
Guidance for Full Year 2026
Qnity is raising full‑year guidance based on strong second‑quarter performance and continued near‑term momentum, including strong customer engagement and demand across end markets.
Qnity’s full year 2026 guidance (3) is as follows:
Net Sales$5.55B - $5.65B
Adjusted Operating EBITDA$1.675B - $1.725B
Adjusted EPS$4.40 - $4.60
Adjusted Free Cash Flow$600M - $700M
(3) We calculate forward-looking Adjusted Operating EBITDA, Adjusted EPS, and Adjusted Free Cash Flow based on internal forecasts that exclude certain information that would be included in the most directly comparable forward-looking GAAP measures. We are not providing a quantitative reconciliation of forward-looking Non-GAAP financial measures to the corresponding GAAP financial measure for these measures due to the unreasonable effort and uncertainty in estimating certain items necessary for such reconciliations, including adjustments that could be made for significant items, interest expense, indirect legacy costs/benefits, transformation, integration, and other charges, share-based compensation amounts, non-recurring, unusual or unanticipated charges, expenses or gains.
Conference Call and Webcast Information
Qnity will hold a conference call to review these results on Tuesday, August 4, 2026, at 8:00 a.m. ET. Investors can join the conference call via telephone by dialing (800) 343-5172 (domestic) or +1 (203) 518-9856 (international) and using the participant code QNITY. An audio-only live webcast, presentation materials, and replay will also be made available at Events | Qnity Electronics, Inc. (Q).
About Qnity
Qnity is a premier technology provider across the semiconductor value chain, empowering AI, high performance computing, and advanced connectivity. From gro
May 12, 2026
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Exhibit 99.1
Qnity Reports First Quarter 2026 Results, Raises Full-Year Financial Guidance
–First quarter net sales of $1.3 billion, up 18% year-over-year, organic sales(1) up 17%
–GAAP net income of $162 million, down 19% year-over-year; Adjusted Earnings(1) of $226 million, up 33% year-over-year
–Adjusted Operating EBITDA(1) of $411 million, up 22% year-over-year
–GAAP EPS of $0.72, down 22% year-over-year; Adjusted EPS(1) of $1.08, up 33% year-over-year
–Raises full year 2026 financial guidance across all metrics
WILMINGTON, Del., May 12, 2026 – Qnity Electronics, Inc. (“Qnity”) (NYSE: Q) today reported results for the first quarter ended March 31, 2026.
“Qnity had a tremendous start to the year, outperforming our expectations and delivering our eighth consecutive quarter of strong profitable organic growth with double-digit gains in both segments,” said Jon Kemp, Qnity’s Chief Executive Officer. “These results reflect the strength of our integrated portfolio – spanning advanced chips, advanced packaging and interconnects, and thermal management – as well as our ability to innovate side-by-side with customers to power the next leap in AI and emerging technologies.”
Kemp added, “Growth today is increasingly coming from stacking chips and building more complex, integrated systems. Qnity is uniquely positioned as a partner of choice—helping customers build, scale, and operate next generation computing platforms. We demonstrated that during the quarter by announcing collaborations with industry-leading players to advance innovation and targeted investments to expand capacity and strengthen our local‑for‑local model. Looking ahead, we are confident in our ability to continue driving long‑term value for shareholders.”
Financial Results Summary
In millions, except per share amountsGAAP Results
Net Sales$1,315 $1,118 $1,190
Semiconductor Technologies722 644 661
Interconnect Solutions593 474 529
Gross Profit$618 $531 $549
Net Income$162 $199 $109
Diluted Earnings Per Share$0.72 $0.92 $0.48
Non-GAAP Results
Adjusted Gross Profit$618 $532 $549
Adjusted Operating EBITDA$411 $336 $349
Adjusted Earnings, net of tax$226 $170 $173
Adjusted Earnings Per Share$1.08 $0.81 $0.82
(1) Organic sales, Adjusted Gross Profit, Adjusted Operating EBITDA, Adjusted Earnings, and Adjusted EPS are non-GAAP measures. See “Non-GAAP Measures” for further discussion, including a definition of significant items. Reconciliations to the most directly comparable GAAP measure, including details of significant items, can be found in the “Non-GAAP Measures” section of this press release.
(2) Q1 2025 and Q4 2025 are presented on a pro forma basis. The Pro Forma non-GAAP measures give effect to pro forma adjustments related to interest expense associated with our current indebtedness, agreements executed in connection with the spin-off from DuPont de Nemours, Inc. (“DuPont”) and other standalone costs as if the spin-off had occurred on January 1, 2025. See “Non-GAAP Measures” for further discussion, including a definition of significant items. Reconciliations to the most directly comparable GAAP measure, including details of significant items, can be found in the “Non-GAAP Measures” section of this press release. Refer to the “Non-GAAP Measures” section of this press release for further details on these adjustments.
Guidance for Full Year 2026
Qnity is raising full‑year guidance based on strong first‑quarter performance and continued near‑term momentum.
Qnity’s full year 2026 guidance (3) is as follows:
Net Sales$5.225B - $5.375B
Adjusted Operating EBITDA$1.535B - $1.625B
Adjusted EPS$3.80 - $4.14
Adjusted Free Cash Flow$500M - $600M
(3) We calculate forward-looking Adjusted Operating EBITDA, Adjusted EPS, and Adjusted Free Cash Flow based on internal forecasts that exclude certain information that would be included in the most directly comparable forward-looking GAAP measures. We are not providing a quantitative reconciliation of forward-looking Non-GAAP financial measures to the corresponding GAAP financial measure for these measures due to the unreasonable effort and uncertainty in estimating certain items necessary for such reconciliations, including adjustments that could be made for significant items, interest expense, indirect legacy costs/benefits, transformation, integration, and other charges, share-based compensation amounts, non-recurring, unusual or unanticipated charges, expenses or gains.
Conference Call and Webcast Information
Qnity will hold a conference call to review these results on Tuesday, May 12, 2026, at 8:00 a.m. ET. Investors can join the conference call via telephone by dialing (800) 343-5172 (domestic) or +1 (203) 518-9856 (international) and using the participant code QNITY. An audio-only live webcast, presentation materials, and replay will also be made available at Events | Qnity Elect
Feb 26, 2026
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Exhibit 99.1
Qnity Reports Fourth Quarter and Full Year 2025 Results
–Full year net sales of $4.75 billion, up 10% year-over-year, organic sales(1) up 10%
–GAAP net income of $729 million, up 1% year-over-year; Adjusted Pro Forma Earnings(1) of $703 million, up 13% year-over-year
–Adjusted Pro Forma Operating EBITDA(1) of $1.4 billion, up 11% year-over-year
–GAAP EPS of $3.30; Adjusted Pro Forma EPS(1) of $3.35, up 12% year-over-year
–Provides full year 2026 financial guidance
–Announces multi-year transformation plan to deliver $100 million run rate EBITDA benefit by 2028
–Authorizes the repurchase of up to $500 million of outstanding common shares
WILMINGTON, Del., Feb. 26, 2026 - Qnity Electronics, Inc. (“Qnity”) (NYSE: Q) today reported results for the fourth quarter and full year ended December 31, 2025.
“We successfully completed our spin-off into an independent company in November, establishing Qnity as a leading pure play technology solutions provider across the semiconductor value chain,” said Jon Kemp, Qnity’s Chief Executive Officer. “Our fourth quarter and full year 2025 results reflect disciplined execution with strong organic growth across both of our segments driven by our differentiated solutions for the industry’s most advanced technologies. This performance is a testament to the strength of our end-to-end portfolio, the depth of our customer relationships, and our local-for-local operating model.”
Kemp added, “Looking to 2026, we are well positioned to drive sustained growth by leveraging our deep innovation and application engineering expertise to address our customers’ most complex challenges and capitalize on continued demand for AI, high-performance computing, and advanced connectivity. At the same time, we are beginning to implement a multi-year transformation plan to simplify our operating model, enhance productivity, and reduce costs. We remain focused on shareholder value creation by continuing to advance our strategy and returning capital to shareholders through our dividend and a share repurchase authorization.”
Financial Results Summary
In millions, except per share amountsGAAP Results
Three Months EndedFull Year
Net Sales$1,190 $1,101 $4,754 $4,335
Semiconductor Technologies661 616 2,642 2,450
Interconnect Solutions529 485 2,112 1,885
Gross Profit$549 $515 $2,195 $1,996
Net Income$109 $221 $729 $724
Diluted Earnings Per Share$0.48 $1.02 $3.30 $3.31
Non-GAAP Results (1)
Adjusted Pro Forma Gross Profit$549 $517 $2,198 $2,004
Adjusted Pro Forma Operating EBITDA$349 $322 $1,402 $1,262
Adjusted Pro Forma Earnings, net of tax$173 $182 $703 $623
Adjusted Pro Forma Earnings Per Share$0.82 $0.87 $3.35 $2.98
(1) Organic sales, Adjusted Pro Forma Gross Profit, Adjusted Pro Forma Operating EBITDA, Adjusted Pro Forma Earnings, and Adjusted Pro Forma EPS are non-GAAP measures. The Pro Forma non-GAAP measures give effect to pro forma adjustments related to interest expense associated with our current indebtedness, agreements executed in connection with the spin-off from DuPont de Nemours, Inc. ("DuPont") and other standalone costs as if the transaction had occurred on January 1, 2024. See “Non-GAAP Measures” for further discussion, including a definition of significant items. Reconciliations to the most directly comparable GAAP measure, including details of significant items, can be found in the “Non-GAAP Measures” section of this press release.
Outlook for Full Year 2026
Qnity’s full year 2026 guidance2 is as follows:
Net Sales$4.97B - $5.17B
Adjusted Operating EBITDA$1.465B - $1.575B
Adjusted EPS$3.55 to $3.95
Adjusted free cash flow$450M - $550M
Transformation Plan
Today, Qnity also announced a multi-year transformation plan designed to support its long-term strategy and unlock future growth and profitability. The program aims to enhance commercial and innovation excellence, strengthen operational productivity through automation and tailored AI applications, and optimize the Company’s presence in key markets central to its core activities and growth potential. These combined actions are expected to deliver approximately $100 million in Adjusted Operating EBITDA run-rate benefit by the end of 2028. To execute this program, Qnity expects to incur approximately $140 million in costs to achieve over the next two to three years.
Share Repurchase Authorization
Qnity’s Board of Directors authorized the repurchase of up to $500 million of outstanding common stock. This authorization reflects the Company’s commitment to maintaining a balanced, returns-focused capital allocation framework and enhancing long-term shareholder value. The share repurchase program has no expiration date. Repurchases may be effected from time to time, either on the open market (including pre-set trading plans), in privately negotiated transactions, and other transactions in accordance with applicable sec
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