Qnity Electronics Stock Earnings Reports

Qnity reported a strong Q1 2026 driven by AI-related end markets and advanced packaging: organic sales rose 17% year-over-year, adjusted operating EBITDA grew 22% and adjusted EPS increased 33%. Semiconductor Technologies grew 12% (strength in advanced logic, HBM and CMP-related products) while Interconnect Solutions (ICS) grew 22%, led by advanced packaging, thermal management and AI PCB wins. CMP, lithography and thermal product rollouts plus new POR (process-of-record) wins underpinned growth. Management highlighted a strategic shift from "shrink" (2D scaling) to "stack" (3D/advanced packaging), positioning Qnity’s materials, integration and reliability capabilities as critical to next-generation computing. Capital investments continue for capacity and local-for-local operations (new Delaware facility operational; Taiwan facility targeted early 2027). Qnity raised full-year guidance: revenue $5.225B–$5.375B, adjusted EBITDA $1.535B–$1.625B, adjusted EPS $3.80–$4.14, and adjusted free cash flow $500M–$600M. Company remains focused on disciplined capital allocation (elevated CapEx ~9% of sales in 2026), returning capital via dividend and buybacks, and expects to achieve ~$100M EBITDA run-rate benefits from transformation actions by end-2028. Management sees continued demand strength with wafer-start growth (MSI) now expected mid- to high-single-digits and limited near-term operational disruption despite geopolitical and input-cost pressures.