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Qnity Electronics 8-K Report, Financial Results (Aug 4, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed August 4, 2026
Period End
August 4, 2026
Security
Q
In the record · 2025–202610-K110-Q48-K14

Q filed 1 annual reports (10-K), 4 quarterly reports (10-Q) and 14 current reports (8-K) between 2025 and 2026.

  1. Leadership change8-K · Jan ’26Jan ’26

01—Abstract

Summary

Summary of the 8-K filed August 4, 2026. Cited figures are marked; the original filing is the authoritative source.

Qnity Electronics, Inc. (NYSE: Q) reported second quarter 2026 results on August 4, 2026, furnished under Item 2.02 of Form 8-K via Exhibit 99.1, a press release that also raised full-year 2026 financial guidance.

Net sales were $1,429 milliona, up 22% year-over-year on an organic basis, with Semiconductor Technologies at $744 million and Interconnect Solutions at $685 million. The company described this as its ninth consecutive quarter of profitable growth. GAAP net income fell to $136 million from $198 million, down 31%, and GAAP diluted EPS was $0.59 versus $0.90, down 34%.

Interest expense of $61 millionb in the quarter, which the filing shows began in 2026, was a key drag on GAAP earnings, while non-GAAP measures improved sharply. Non-GAAP results were stronger. Adjusted Operating EBITDA was $431 million, up 24% from the pro forma prior-year figure of $347 million, and Adjusted Earnings were $250 million, up 53%.

Adjusted EPS was $1.19c, up 53% from $0.78 on a pro forma basis. Q2 GAAP transformation, integration and other charges were $42 million, primarily IT independence costs of approximately $24 million. Six-month operating cash flow was $376 million, versus $480 million a year earlier, and capital expenditures rose to $212 million from $153 million.

Cash and cash equivalents were $961 milliond at June 30, 2026. For full-year 2026, Qnity raised guidance to net sales of $5.55 billion to $5.65 billion, Adjusted Operating EBITDA of $1.675 billion to $1.725 billion, Adjusted EPS of $4.40 to $4.60, and Adjusted Free Cash Flow of $600 million to $700 million. Investors should note that the company's non-GAAP measures exclude significant items, amortization of intangibles, and indirect legacy costs from DuPont spin-off arrangements, and that the company did not provide a reconciliation of forward-looking non-GAAP guidance to GAAP.

02—Key points

Key Highlights

  1. Q2 2026 net sales of $1,429 million, up 22% year-over-year (organic sales also up 22%); Interconnect Solutions grew 30% and Semiconductor Technologies grew 16%.
  2. GAAP net income of $136 million, down 31% year-over-year; GAAP diluted EPS of $0.59, down 34%.
  3. Adjusted Operating EBITDA of $431 million, up 24% year-over-year; Adjusted EPS of $1.19, up 53% year-over-year.
  4. Full-year 2026 guidance raised: 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.
  5. Interest expense of $61 million in Q2 2026 versus none in Q2 2025, reflecting the company's current debt structure following the DuPont spin-off.
  6. Six-month cash provided by operating activities was $376 million, down from $480 million, while capital expenditures increased to $212 million from $153 million.
  7. Q2 2026 transformation, integration and other charges of $42 million, including approximately $24 million for information technology independence initiatives.

03—Questions

Frequently Asked Questions

  1. How did Qnity perform in the second quarter of 2026?

    Net sales were $1,429 million, up 22% year-over-year on an organic basis. GAAP net income was $136 million, down from $198 million, and GAAP diluted EPS was $0.59 versus $0.90. Adjusted Operating EBITDA was $431 million and Adjusted EPS was $1.19, both up year-over-year.

  2. Why did GAAP earnings decline while non-GAAP earnings rose?

    The filing shows GAAP results included $61 million of interest expense, which was absent in the prior-year quarter, along with $50 million of amortization of intangibles and $42 million of transformation, integration and other charges. Non-GAAP measures exclude these items as well as indirect legacy costs, so Adjusted Earnings rose to $250 million from $230 million on an unadjusted basis and from $163 million on a pro forma basis.

  3. What did Qnity change in its full-year 2026 guidance?

    The company raised full-year 2026 guidance, citing strong second-quarter performance and near-term momentum. Guidance now calls for net sales of $5.55 billion to $5.65 billion, Adjusted Operating EBITDA of $1.675 billion to $1.725 billion, Adjusted EPS of $4.40 to $4.60, and Adjusted Free Cash Flow of $600 million to $700 million. The filing does not provide the prior guidance ranges.

  4. Is the company's cash flow weakening?

    Six-month cash provided by operating activities was $376 million, compared with $480 million a year earlier. Capital expenditures rose to $212 million from $153 million. Cash and cash equivalents increased to $961 million at June 30, 2026, from $915 million at December 31, 2025, and Adjusted Free Cash Flow for the six months was $287 million, down from $327 million.

  5. Is this 8-K filing considered filed with the SEC for liability purposes?

    No. The company states that the information in the report, including Exhibit 99.1, is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, and is not incorporated by reference into Securities Act registration statements.

04—Continue

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