AI-extracted from the 10-Q filed 2026-08-04 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net sales rose 22% YoY to $1,429M on a 23% volume increase from AI-driven demand, but net income fell to $136M as interest expense and transformation charges landed.
Biggest Revenue Drivers
Semiconductor Technologies$744M+16% YoY
18% volume increase from improved customer utilization and AI-driven applications in advanced nodes, advanced packaging and high bandwidth memory
Interconnect Solutions$685M+30% YoY
28% volume increase from AI-driven technology ramps and share gains in advanced packaging, AI PCB and thermal management, plus 2% favorable currency
Biggest Revenue Drivers
Total revenue: $1,429M+22% YoY
Semiconductor Technologies$744M+16% YoY
18% volume increase from improved customer utilization and AI-driven applications in advanced nodes, advanced packaging and high bandwidth memory
Within Semiconductor Technologies
Asia Pacific$605M
Interconnect Solutions$685M+30% YoY
28% volume increase from AI-driven technology ramps and share gains in advanced packaging, AI PCB and thermal management, plus 2% favorable currency
Within Interconnect Solutions
China$283M
Largest Expense Items
Cost of sales$763M+21% YoY
18% increase in volume plus a 3% increase in material costs
Selling, general and administrative$200Mup from $154M
14% of net sales versus 13% a year ago; includes select growth investments
Research and development$98Mup from $88M
7% of net sales versus 8% a year ago; investments to support future growth
Transformation, integration and other charges$42Mup from $2M
IT independence costs ~$24M, transformation initiatives ~$8M, integration ~$3M, plus $2M severance and $4M asset charges
Margins: Cost of sales fell to 53% of net sales from 54%. Interconnect Solutions Adjusted Operating EBITDA rose 44% on volume, mix and productivity, partly offset by higher raw material costs.
Watch Items from the Filing
Interest expense was $61 million this quarter versus zero a year ago; total debt is $4,020 million, with $236 million of interest due in the next twelve months.
Effective tax rate rose to 31.7% from 22.4%, on interest deductibility limits, a non-deductible North Carolina indemnification accrual and higher foreign remittance costs.
DuPont indemnification liabilities total $99 million current and $154 million noncurrent, with potential exposure up to approximately $100 million above amounts accrued at June 30, 2026.
Customer concentration: Samsung Electronics was 9% and TSMC 8% of total net sales for the quarter, mostly in Semiconductor Technologies.
China net sales were $478 million of $1,429 million total, with Asia Pacific at $1,139 million, amid stated tariff and global trade uncertainty.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About Qnity Electronics, Inc. (Q): stock profile, AI score and financials
Qnity Electronics, Inc. (Q) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores Q at 62.8/100 on a composite quality score built from its SEC filings, placing it at rank #668 of 2,925 stocks — the top 25% of the AI-ranked universe. Q scores in the top quartile across revenue scale (78.4). Based on the latest XBRL financial filings (Q2 2026), Qnity Electronics, Inc. reports quarterly revenue of $1.4B, net income of $136.0M, an operating margin of 13.9%. Top institutional holders of Q by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. Q trades on the NYSE exchange and files with the SEC under CIK 2058873. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate Q daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Qnity Electronics, Inc. directly from SEC EDGAR.