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Q · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue grew 22.1% y/y to $1.43B, operating margin 19.3% vs 21.0%, net income $124M (−34.0% y/y).
Net income available for Qnity common stockholders
$124M
down 34.0% y/y
Net sales
$1,429M
up 22.1% y/y
Operating income (calculated)
$276M
up 12.2% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Net sales | $1,429 · +22.1% |
| Cost of sales | $763 · +21.1% |
| Research and development expenses | $98 · +11.4% |
| Selling, general and administrative expenses | $200 · +29.9% |
| Amortization of intangibles | $50 · +0.0% |
| Transformation, integration and other charges | $42 · ×21 |
| Operating income (calculated) | $276 · +12.2% · 19.3% margin |
| Equity in earnings of nonconsolidated affiliates | $11 · −15.4% |
| Interest expense | $61 · vs $0 |
| Other income (expense) - net | $27 · +575% |
| Income before income taxes | $199 · −22.0% |
| Provision for income taxes | $63 · +10.5% · 31.7% effective rate |
| Net income attributable to noncontrolling interests | $12 · +20.0% |
| Net income available for Qnity common stockholders | $124 · −34.0% · $0.59/sh · 8.7% margin |
Verdict: revenue grew 22.1% y/y to $1.43B, operating margin 19.3% vs 21.0%, net income $124M (−34.0% y/y).
Adjusted Operating EBITDA was $431 million, up 24% year over year.
Source and notation
Source: Qnity Electronics press release, 8-K EX-99.1 of 08/04/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against SEC XBRL. Operating income is calculated (revenue less costs and operating expenses): the release does not report it.
Open as an image: Q, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
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Chart: “Q Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/q/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/q/q2-2026"><img src="https://whoreportstoday.com/t/q/q2-2026/sankey.png" alt="Q Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/q/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
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<a href="https://whoreportstoday.com/t/q/q2-2026">Q Q2 2026 earnings chart (Who Reports Today)</a>
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- Semiconductor Technologies net sales were $744 million and Interconnect Solutions net sales were $685 million.
- Operating income was $276M, a 19.3% margin vs 21.0% a year earlier.
- The effective tax rate was 31.7% vs 22.4% a year earlier.
- Diluted EPS was $0.59 vs $0.90 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
Q — a supplier of materials and solutions for semiconductor and electronics manufacturing, spun off from DuPont in November 2025.
It reports two segments: Semiconductor Technologies, materials used at many stages of chip production, and Interconnect Solutions, materials for printed circuit boards, advanced chip packaging, signal integrity and thermal management. · Source: annual report (Form 10-K, SEC)
Heads-up
- net income fell 34% y/y in Q2 2026
Net income for Q2 2026: $124M, −34% y/y. In the report's figures: costs grew faster than revenue: other income (expense) - net +575% y/y, selling, general and administrative expenses +30% y/y. Based on the Q2 2026 report.
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