Quarterly ResultMay 12, 2026, 06:12 AM
Qnity Q1 Adjusted EPS $1.08, Sales $1.3B; Raises FY26 Guidance
AI Summary
Qnity Electronics reported strong first-quarter 2026 results, with net sales increasing 18% year-over-year to $1.3 billion and Adjusted EPS rising 33% to $1.08. Despite a GAAP net income decline, the company achieved its eighth consecutive quarter of profitable organic growth, driven by double-digit gains in both segments. Based on this performance and continued momentum, Qnity raised its full-year 2026 financial guidance across all metrics.
Key Highlights
- Q1 2026 Net Sales rose 18% year-over-year to $1.3 billion, with organic sales up 17%.
- Q1 2026 Adjusted EPS increased 33% year-over-year to $1.08.
- Q1 2026 GAAP Net Income was $162 million, down 19% year-over-year, with GAAP EPS at $0.72.
- Adjusted Operating EBITDA grew 22% year-over-year to $411 million.
- Semiconductor Technologies segment net sales were $722 million, up 12% year-over-year.
- Interconnect Solutions segment net sales were $593 million, up 25% year-over-year.
- Full-year 2026 Net Sales guidance raised to $5.225B - $5.375B.
- Full-year 2026 Adjusted EPS guidance raised to $3.80 - $4.14.