Qnity Electronics, Inc.
Business
Qnity Electronics is a global leader in materials and solutions for the semiconductor and advanced electronics industries, recently spun off from DuPont. The company provides a portfolio of advanced materials, including CMP slurries and pads, photoresists, cleaning chemistries, thermal management solutions, and printed circuit board materials used across semiconductor manufacturing and interconnect applications. Operations are organized into two segments: Semiconductor Technologies, serving chip fabrication and advanced node development, and Interconnect Solutions, addressing thermal management, signal integrity, and advanced packaging for data centers, communications infrastructure, automotive, and consumer electronics across global markets.
Summary from 10-K filed 2026-07-01
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Net sales | 4,754 | 4,335 | 4,035 | |
| Cost of sales | 2,559 | 2,339 | 2,280 | |
| Research and development expenses | 354 | 314 | 303 | |
| Selling, general and administrative expenses | 620 | 603 | 533 | |
| Amortization of intangibles | 207 | 232 | 262 | |
| Restructuring and asset related charges - net | 20 | 8 | 52 | |
| Acquisition, integration and separation costs | 25 | 0 | 0 | |
| Equity in earnings of nonconsolidated affiliates | 47 | 37 | 16 | |
| Interest expense | 65 | 0 | 0 | |
| Other income (expense) - net | 11 | 25 | 11 | |
| Income before income taxes | 962 | 901 | 632 | |
| Provision for income taxes | 233 | 177 | 99 | |
| Net income | 729 | 724 | 533 | |
| Net income attributable to noncontrolling interests | 37 | 31 | 26 | |
| Net income available for Qnity common stockholders | 692 | 693 | 507 | |
| Earnings per common share - basic (in USD per share) | 3.3 | 3.31 | 2.42 | |
| Earnings per common share - diluted (in USD per share) | 3.3 | 3.31 | 2.42 | |
| Weighted-average common shares outstanding - basic (in shares) | 210 | 209 | 209 | |
| Weighted-average common shares outstanding - diluted (in shares) | 210 | 209 | 209 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 915 | 166 | — | — | |
| Accounts and notes receivable - net | 992 | 682 | — | — | |
| Inventories - net | 661 | 597 | — | — | |
| Prepaid and other current assets | 70 | 38 | — | — | |
| Total current assets | 2,638 | 1,483 | — | — | |
| Property, plant and equipment | 3,151 | 2,669 | — | — | |
| Less: Accumulated depreciation | 1,450 | 1,121 | — | — | |
| Total property, plant and equipment - net | 1,701 | 1,548 | — | — | |
| Goodwill | 7,522 | 7,379 | 7,456 | — | |
| Other intangible assets | 1,111 | 1,286 | — | — | |
| Investments and noncurrent receivables | 402 | 394 | — | — | |
| Deferred income tax assets | 42 | 42 | — | — | |
| Deferred charges and other assets | 654 | 141 | — | — | |
| Total other assets | 9,731 | 9,242 | — | — | |
| Total Assets | 14,070 | 12,273 | — | — | |
| Short-term borrowings | 24 | 0 | — | — | |
| Accounts payable | 680 | 528 | — | — | |
| Income taxes payable | 150 | 161 | — | — | |
| Accrued and other current liabilities | 502 | 150 | — | — | |
| Total current liabilities | 1,356 | 839 | — | — | |
| Long-Term Debt | 4,003 | 0 | — | — | |
| Deferred income tax liabilities | 273 | 259 | — | — | |
| Pension and other post-employment benefits - noncurrent | 80 | 65 | — | — | |
| Other noncurrent obligations | 992 | 214 | — | — | |
| Total other noncurrent liabilities | 1,345 | 538 | — | — | |
| Total Liabilities | 6,704 | 1,377 | — | — | |
| Commitments and contingent liabilities (Note 15) | — | — | — | — | |
| Common stock (authorized 1,666,666,667 shares of $0.01 par value each; issued 2025: 209,479,173 shares; 2024: 0 shares) | 2 | 0 | — | — | |
| Preferred stock (authorized 1 share of $1.50 million par value; issued 2025: 1 share; 2024: 0 shares) | 2 | 0 | — | — | |
| Additional paid-in capital | 7,286 | 0 | — | — | |
| Retained earnings | 18 | 0 | — | — | |
| Parent company net investment | 0 | 11,058 | — | — | |
| Accumulated other comprehensive loss | −213 | −414 | — | — | |
| Total Qnity equity | 7,095 | 10,644 | — | — | |
| Noncontrolling interests | 271 | 252 | — | — | |
| Total equity | 7,366 | 10,896 | 11,184 | 11,306 | |
| Total Liabilities and Equity | 14,070 | 12,273 | — | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Depreciation of property, plant and equipment | 169 | 162 | 141 | |
| Stock-based compensation | 20 | 13 | 13 | |
| Credit for deferred income tax and other tax related items | −79 | −81 | −79 | |
| Net gain on sales of assets | −1 | −16 | −8 | |
| Restructuring and asset related charges - net | 20 | 8 | 52 | |
| Net periodic pension benefit cost | 9 | 5 | 10 | |
| Periodic benefit plan contributions | −10 | −4 | −10 | |
| Earnings of nonconsolidated affiliates less dividends received | −5 | 4 | 11 | |
| Accounts and notes receivable | −12 | −53 | 12 | |
| Inventories | −51 | −84 | 86 | |
| Other assets | −395 | 39 | −40 | |
| Accounts payable | 119 | 78 | −54 | |
| Accrued and other current liabilities | 108 | 39 | −96 | |
| Other noncurrent liabilities | 385 | −33 | 63 | |
| Income tax liabilities | 60 | 28 | −14 | |
| Cash provided by operating activities | 1,273 | 1,061 | 882 | |
| Capital expenditures | −285 | −200 | −231 | |
| Proceeds from sales of property and other assets | 0 | 15 | 5 | |
| Other investing activities, net | 0 | 13 | 0 | |
| Cash used for investing activities | −285 | −172 | −226 | |
| Proceeds from issuance of Company stock | 1 | 0 | 0 | |
| Proceeds from issuance of Preferred stock | 2 | 0 | 0 | |
| Distributions to noncontrolling interests | −21 | −17 | −18 | |
| Dividends paid to stockholders | −13 | 0 | 0 | |
| Net transfers to Parent | −4,229 | −831 | −610 | |
| Proceeds from issuance of long-term debt | 4,100 | 0 | 0 | |
| Payments for debt issuance costs | −88 | 0 | 0 | |
| Cash used for financing activities | −248 | −848 | −628 | |
| Effect of exchange rate changes on cash and cash equivalents | 9 | −14 | −4 | |
| Increase in cash and cash equivalents | 749 | 27 | 24 | |
| Interest, net of amounts capitalized | 0 | 0 | 0 | |
| Income taxes, net of refunds | 94 | 62 | 80 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Qnity Electronics, Inc.'s CIK number?
Qnity Electronics, Inc.'s SEC CIK number is 0002058873 (2058873). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Qnity Electronics, Inc.'s SEC filings?
All of Qnity Electronics, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Qnity Electronics, Inc. last report earnings?
Qnity Electronics, Inc. (Q) most recently filed an earnings 8-K with the SEC on May 12, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0002058873-26-000013). This is Qnity Electronics, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Qnity Electronics, Inc.'s most recent earnings 8-K?
Qnity Electronics, Inc.'s latest earnings 8-K (Item 2.02) was filed May 12, 2026 under accession 0002058873-26-000013. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Qnity Electronics, Inc.'s latest earnings 8-K →
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