Form 10-Q · Quarterly report
Qnity Electronics 10-Q, filed Aug 4, 2026
- Filed
- CIK
- 0002058873
- Accession no.
- 0002058873-26-000030
Summary
Qnity Electronics reported second-quarter 2026 net sales of $1.4 billion, up 22% from a year earlier on a 23% volume increase, with Semiconductor Technologies sales up 18% and Interconnect Solutions up 28%. The company repurchased $50 million of common stock in the first half of 2026 under a $500 million authorization approved in February 2026, and in July 2026 amended its credit agreement to reduce the applicable margin on term SOFR borrowings from 2.00% to 1.75%, a change it expects to cut annual cash interest expense by about $6 million.
Key points
- Six-month 2026 net sales were $2.7 billion, up 20% year over year, with Interconnect Solutions up 26% and Semiconductor Technologies up 15%.
- As of June 30, 2026, $450 million remained available under the $500 million repurchase authorization; 402,688 shares were repurchased for $50 million at an average price of $124.12 during the first half.
- R&D expense rose to $98 million in the quarter from $88 million a year earlier, and SG&A rose to $200 million from $154 million.
- In February 2026 the company launched a multi-year transformation plan whose costs are now reported under a single "Transformation, integration and other charges" line.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT'S DISCUSSION OVERVIEW We are a global leader in materials and solutions for semiconductor and electronics industries. We empower our customers’ technology roadmaps to enable advancements in megatrends such as artificial intelligence ("AI"), advanced computing and advanced connectivity. We partner with leading semiconductor and advanced device manufacturers to address complex challenges and develop solutions that facilitate next-generation technological innovations. …
An excerpt of the text as filed with the SEC, cut for length.
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