Qnity Electronics (Q) reported net income of US$ 196 million in the third quarter of 2026, compared with US$ 223 million in the same period a year earlier. Earnings per share (EPS) under GAAP were US$ 0.87, down 14% from US$ 1.01 in 3Q25. Revenue totaled US$ 1.6 billion (exactly US$ 1,556 million), up 22% from the prior year.
Adjusted earnings per share (non-GAAP, which excludes items the company considers non-recurring) were US$ 1.46, up 55% from 3Q25, which is on a pro forma basis (as if the DuPont spin-off had occurred on January 1, 2025). Adjusted operating EBITDA (earnings before interest, taxes, depreciation and amortization, with adjustments) was US$ 503 million, compared with US$ 370 million in 3Q25 on a pro forma basis. Gross margin was 47.8%, compared with 45.1% a year earlier.
By segment, Semiconductor Technologies revenue was US$ 797 million, compared with US$ 693 million in 3Q25. Interconnect Solutions reached US$ 759 million, compared with US$ 583 million. Transformation, integration and other expenses totaled US$ 53 million in the quarter, and interest expense was US$ 64 million, compared with US$ 14 million.
The company raised its 2026 guidance, citing third-quarter performance and the continued pace of its businesses. Revenue is expected to be between US$ 5.77 billion and US$ 5.83 billion, and adjusted operating EBITDA between US$ 1.785 billion and US$ 1.805 billion. Adjusted EPS is expected to be between US$ 4.95 and US$ 5.05, and adjusted free cash flow between US$ 800 million and US$ 900 million.
