Form 8-K

8-K — Qnity Electronics, Inc.

Accession: 0002058873-26-000039

Filed: 2026-11-04

Period: 2026-11-04

CIK: 0002058873

SIC: 3674 (SEMICONDUCTORS & RELATED DEVICES)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — q-20261104.htm (Primary)

EX-99.1 (exhibit991supplementalsche.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: q-20261104.htm · Sequence: 1

q-20261104

0002058873FALSE00020588732026-11-042026-11-04

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 4, 2026

Qnity Electronics, Inc.

(Exact name of registrant as specified in its charter)

Delaware 001-42619 33-3002745

(State or other jurisdiction of incorporation) (Commission

File Number) (IRS Employer

Identification No.)

974 Centre Road, Building 735 19805

Wilmington, Delaware

(Address of principal executive offices) (Zip Code)

(302) 450-5700

(Registrant’s Telephone Number, Including Area Code)

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

❑ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

❑ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

❑ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

❑ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange

on which registered

Common Stock, par value $0.01 per share Q New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ❑

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ❑

Item 2.02 Results of Operations and Financial Condition.

On November 4, 2026, Qnity Electronics, Inc. (the "Company") issued a press release, attached as Exhibit 99.1, and incorporated herein by reference, announcing results for the third quarter 2026.

The information contained in this report, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, (the "Exchange Act") or otherwise subject to the liabilities of Section 18. Furthermore, the information contained in this report shall not be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.

Description

99.1

Press release of Qnity Electronics, Inc., dated November 4, 2026.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

QNITY ELECTRONICS, INC.

Registrant

Date: November 4, 2026

By: /s/ MICHAEL G. GOSS

Name: Michael G. Goss

Title: Vice President, Finance and Controllership and Principal Accounting Officer

EX-99.1

Filename: exhibit991supplementalsche.htm · Sequence: 2

Document

Exhibit 99.1

Qnity Reports Third Quarter 2026 Results, Raises Full-Year Financial Guidance

–Third quarter Net Sales and Organic Sales(1) of $1.6 billion, up 22% year-over-year

–Gross Margin and Adjusted Gross Margin(1) of 47.8%

–GAAP Net Income of $196 million and Adjusted Operating EBITDA(1) of $503 million

–GAAP EPS of $0.87, down 14% year-over-year

–Adjusted EPS(1) of $1.46, up 55% year-over-year

WILMINGTON, Del., November 4, 2026 – Qnity Electronics, Inc. (“Qnity”) (NYSE: Q) today reported results for the third quarter ended September 30, 2026.

“We delivered our tenth consecutive quarter of profitable growth with strong performance across both segments as Qnity continues to establish itself as the premier solutions provider across the semiconductor value chain,” said Jon Kemp, Qnity’s Chief Executive Officer. “A year of disciplined execution as an independent company shows what sets Qnity apart: a deep portfolio, close alignment with our customers' roadmaps, and a local-for-local model that delivers at scale.”

Kemp added, “Materials innovation is quickly becoming a critical driver of chip performance as the industry shifts toward shrink and stack. Qnity’s end-to-end solutions across the stack enable customers to address the most complex system level challenges: signal reliability, power density, and thermal management. We see tremendous opportunities ahead, and we’re continuing to invest in differentiated technologies where we see visible customer demand to create significant value for our shareholders.”

Financial Results Summary

In millions, except per share amounts

GAAP Results

Q3 2026 (1)

Q3 2025 (2)

Net Sales

$1,556 $1,276

Semiconductor Technologies

797 693

Interconnect Solutions

759 583

Gross Profit

$743 $575

Net Income

$196 $223

Diluted Earnings Per Share

$0.87 $1.01

Non-GAAP Results

Adjusted Gross Profit

$743 $575

Adjusted Operating EBITDA

$503 $370

Adjusted Earnings, net of tax

$306 $197

Adjusted Earnings Per Share

$1.46 $0.94

(1) Organic Sales, Adjusted Gross Profit, Adjusted Gross Margin, Adjusted Operating EBITDA, Adjusted Operating EBITDA Margin, Adjusted Earnings, and Adjusted EPS are non-GAAP measures. See “Non-GAAP Measures” for further discussion, including a definition of significant items. Reconciliations to the most directly comparable GAAP measure, including details of significant items, can be found in the “Non-GAAP Measures” section of this press release.

(2) Q3 2025 is presented on a pro forma basis. The pro forma non-GAAP measures give effect to pro forma adjustments related to interest expense associated with our current indebtedness, agreements executed in connection with the spin-off on November 1, 2025, from DuPont de Nemours, Inc. (“DuPont”) and other standalone costs as if the spin-off had occurred on January 1, 2025. See “Non-GAAP Measures” for further discussion, including a definition of significant items. Reconciliations to the most directly comparable GAAP measure, including details of significant items, can be found in the “Non-GAAP Measures” section of this press release. Refer to the “Non-GAAP Measures” section of this press release for further details on these adjustments.

Guidance for Full Year 2026

Qnity is raising full‑year guidance based on strong third‑quarter performance and continued momentum in the business.

Qnity’s full year 2026 guidance (3) is as follows:

Net Sales

$5.77B - $5.83B

Adjusted Operating EBITDA

$1.785B - $1.805B

Adjusted EPS

$4.95 - $5.05

Adjusted Free Cash Flow

$800M - $900M

(3) We calculate forward-looking Adjusted Operating EBITDA, Adjusted EPS, and Adjusted Free Cash Flow based on internal forecasts that exclude certain information that would be included in the most directly comparable forward-looking GAAP measures. We are not providing a quantitative reconciliation of forward-looking Non-GAAP financial measures to the corresponding GAAP financial measure for these measures due to the unreasonable effort and uncertainty in estimating certain items necessary for such reconciliations, including adjustments that could be made for significant items, interest expense, indirect legacy costs/benefits, transformation, integration, and other charges, share-based compensation amounts, non-recurring, unusual or unanticipated charges, expenses or gains.

Conference Call and Webcast Information

Qnity will hold a conference call to review these results on Wednesday, November 4, 2026, at 8:00 a.m. ET. Investors can join the conference call via telephone by dialing (800) 343-5172 (domestic) or +1 (203) 518-9856 (international) and using the participant code QNITY. An audio-only live webcast, presentation materials, and replay will also be made available at Events | Qnity Electronics, Inc. (Q).

About Qnity

Qnity is a premier technology provider across the semiconductor value chain, empowering AI, high performance computing, and advanced connectivity. From groundbreaking solutions for semiconductor chip manufacturing, to enabling high-speed transmission within complex electronic systems, our high-performance materials and integration expertise make tomorrow’s technologies possible. More information about Qnity, a constituent of the S&P 500 index, its businesses, and solutions can be found at http://www.qnityelectronics.com.

Qnity™, the Qnity Node Logo, and all products, unless otherwise noted, denoted with TM or ® are trademarks, trade names or registered trademarks of affiliates of Qnity Electronics, Inc.

Cautionary Statement Regarding Forward-Looking Statements

This release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements use words such as "plans", "expects", "will", "would", "anticipates", "believes", "intends", "seeks", "projects", "efforts", "estimates", "potential", "continue", "intend", “outlook”, "may", "could", "should" and similar expressions, among others, as well as other words or expressions referencing future events, conditions or circumstances. Statements that describe or relate to the market, industry and macroeconomic environment, Qnity's business plans or prospects, goals, intentions, strategies, future operating or financial performance, outlook, including without limitation statements under the heading “Guidance for Full Year 2026” and statements regarding Qnity’s strategic path, operating model, transformation plan and its expected costs and benefits and timing thereof, IT independence, share repurchases, and capital allocation plan to deliver above-market growth and strong profitability and statements that do not relate to historical or current fact, are examples of forward-looking statements. Forward-looking statements are based on our current beliefs, expectations and assumptions, which may not prove to be accurate, and involve a number of known and unknown risks and uncertainties, many of which are out of Qnity's control. Forward-looking statements are not guarantees of future performance, and there are a number of important factors that could cause actual outcomes and results to differ materially from the results contemplated by such forward-looking statements, including Qnity’s ability to realize the anticipated benefits of its multi-year transformation plan in the anticipated timeframe or at all and the risk that the costs of such plan may be higher than currently anticipated; the competitive environment in which Qnity operates; the risks from Qnity’s international operations, including geopolitical uncertainty and conflict, trade restrictions and sanctions laws; Qnity’s ability to comply with complex and increasing legal and regulatory requirements; the ability to realize the intended benefits of Qnity’s spin off from DuPont, including achievement of the anticipated synergies and operational efficiencies in connection with the spin off and completed and future, if any, divestitures, mergers, acquisitions, and other portfolio management, productivity and infrastructure actions; contractual allocation of certain liabilities in connection with the spin-off; and the possibility of disputes, litigation or unanticipated costs in connection with the spin-off. Additional information concerning risks and uncertainties can be found in Qnity's filings with the U.S. Securities and Exchange Commission (the “SEC”), including under the headings “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” in our most recent Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 26, 2026, and in Qnity’s future filings with the SEC. Any forward-looking statement speaks only as of the date on which it is made. Qnity does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Investor Contact

Meg Miller

meg.miller@qnityelectronics.com

Media Contact

Ashley Boucher

ashley.boucher@qnityelectronics.com

Non-GAAP Financial Measures

This press release includes information that does not conform to accounting principles generally accepted in the United States of America (“U.S. GAAP”) and are considered non-GAAP measures, including the presentation of Organic Sales, Adjusted Gross Profit, Adjusted Pro Forma Gross Profit, Adjusted Operating EBITDA, Adjusted Pro Forma Operating EBITDA, Adjusted Operating EBITDA Margin, Adjusted Pro Forma Operating EBITDA Margin, Adjusted Earnings, Adjusted Pro Forma Earnings, Adjusted EPS, Adjusted Pro Forma EPS, Base Tax Rate, Adjusted Free Cash Flow, Adjusted Pro Forma Free Cash Flow, Adjusted Pro Forma Base Tax Rate. The non-GAAP measures presented are not necessarily indicative of the future possible key performance indicators or non-GAAP measures of Qnity.

Qnity believes these non-GAAP financial measures are useful to investors because they provide additional information related to the performance of Qnity on an as-managed basis by DuPont and a stand-alone basis. These non-GAAP financial measures supplement disclosures prepared in accordance with U.S. GAAP and reflect results in a manner that enables, in some instances, more meaningful analysis of trends and facilitates comparison of results across periods. These non-GAAP financial measures should not be viewed as an alternative to U.S. GAAP. Furthermore, such non-GAAP measures may not be consistent with similar measures provided or used by other companies. Reconciliations for these non-GAAP measures to their most directly comparable U.S. GAAP financial measures are provided below. Non-GAAP measures included in this press release are defined below.

Adjusted Earnings is defined as net income available for Qnity common stockholders excluding the after-tax impacts of significant items, amortization expense of intangibles, non-operating pension / other post-employment benefits (“OPEB”) credits / costs, and indirect legacy costs / benefits and adjusted for the income tax effect of these excluded items. Adjusted Earnings is the numerator used in the calculation of Adjusted EPS.

Adjusted EPS is defined as Adjusted Earnings per common share - diluted.

Base Tax Rate is a non-GAAP measure defined as the GAAP Effective Tax Rate excluding the tax rate impacts of adjustments to net income available for Qnity common stockholders in determining Adjusted Earnings.

Adjusted Operating EBITDA is defined as Pre-tax Earnings (i.e., “Income before income taxes") before interest, depreciation, amortization, non-operating pension / OPEB benefits credits / costs, foreign exchange gains / losses, indirect legacy costs / benefits, and adjusted for significant items.

Adjusted Operating EBITDA Margin is defined as Adjusted Operating EBITDA divided by Net Sales.

Adjusted Free Cash Flow is defined as cash provided by/used for operating activities less capital expenditures and excluding the impact of indirect legacy costs / benefits related to cost sharing arrangements executed between DuPont and Qnity at the time of spin-off, IT independence costs, and transformation, integration, and other charges, as well as cash inflows/outflows that are unusual in nature and/or infrequent in occurrence that neither relate to the ordinary course of the Company's underlying business liquidity.

Significant items are items that impact Qnity and arise outside the ordinary course of business that management believes may cause misinterpretation of underlying business performance, both historical and future, based on a combination of some or all of the item’s size, unusual nature and infrequent occurrence. Within this definition, Management classifies as significant items certain costs and expenses associated with transformation, integration, and other charges related to transformational activities, including acquisitions and divestitures, as they are considered unrelated to ongoing business performance.

Indirect legacy costs/benefits relate to cost sharing arrangements executed between DuPont and Qnity at the time of the spin-off. Such costs include certain litigation and environmental-related shared costs, taxes, and indirect cost sharing arrangements, and are excluded from Adjusted Earnings, Adjusted Operating EBITDA, and Adjusted Free Cash Flow, as defined above, as they are considered unrelated to ongoing Qnity business performance.

Organic Sales is defined as net sales excluding the impacts of currency and portfolio actions.

Adjusted Gross Profit is calculated as Gross Profit (net sales less cost of sales), excluding the impact of Significant items on Net Sales and Cost of Sales and the impact on Cost of Sales from certain services associated with transaction agreements entered with DuPont, including the Transition Services Agreement, certain product service agreements, contract manufacturing agreements, raw materials supply agreements, and site services agreements. Adjusted Gross Margin is defined as Adjusted Gross Profit divided by Net Sales.

Qnity has also presented measures on a pro forma basis which were prepared in a manner consistent with Article 11 of Regulation S-X. Our pro forma results give effect to the spin-off and related transactions as if the Spin Off occurred on January 1, 2025. Our Pro Forma adjustments reflect:

•Interest expense associated with our current debt structure;

•Income tax effect of incremental interest expense;

•The impact of the Transition Services Agreements and other commercial agreements entered into with DuPont in connection with the spin-off; and

•Transaction and other incremental costs required to operate as a stand-alone entity.

We believe pro forma measures are helpful to supplement our financial results as they allow a comparison of results as a stand-alone company as if the agreements were in place for the periods presented.

Adjusted Pro Forma Earnings is defined as net income available for Qnity common stockholders excluding the impacts of significant items, amortization expense of intangibles, non-operating pension / other post-employment benefits credits / costs, and indirect legacy costs / benefits, less the after-tax impacts of the pro forma adjustments described above and adjusted for the income tax effect of these excluded items. Adjusted Pro Forma Earnings is the numerator used in the calculation of Adjusted Pro Forma EPS.

Adjusted Pro Forma EPS is defined as Adjusted Pro Forma Earnings per common share - diluted.

Adjusted Pro Forma Base Tax Rate is a non‑GAAP measure defined as the Base Tax Rate adjusted to reflect the estimated income tax effects of the pro forma adjustments described above.

Adjusted Pro Forma Operating EBITDA is defined as Adjusted Operating EBITDA less certain pro forma adjustments described above.

Adjusted Pro Forma Operating EBITDA Margin is defined as Adjusted Pro Forma Operating EBITDA divided by Net Sales.

Adjusted Pro Forma Free Cash Flow is defined as pro forma cash provided by/used for operating activities less capital expenditures and excluding the impact of indirect legacy costs / benefits related to cost sharing arrangements executed between DuPont and Qnity at the time of spin-off, IT independence costs, transformation, integration, and other charges, and transaction and other incremental costs required to operate as a stand-alone entity, as well as cash inflows/outflows that are unusual in nature and/or infrequent in occurrence that neither relate to the ordinary course of the Company's underlying business liquidity.

Adjusted Pro Forma Gross Profit is calculated as Gross Profit (net sales less cost of sales), excluding the impact on Cost of Sales from certain services associated with transaction agreements entered with DuPont, including the Transition Services Agreement, certain product service agreements, contract manufacturing agreements, raw materials supply agreements, and site services agreements.

Qnity Electronics, Inc.

Consolidated Statements of Operations (Unaudited)

Three Months Ended

September 30, Nine Months Ended

September 30,

In millions, except per share amounts 2026 2025 2026 2025

Net sales $ 1,556 $ 1,276 $ 4,300 $ 3,564

Cost of sales 813 $ 701 2,273 $ 1,918

Research and development expenses 105 $ 92 297 $ 264

Selling, general and administrative expenses 200 $ 159 573 $ 453

Amortization of intangibles 50 $ 51 152 $ 156

Transformation, integration and other charges 53 $ 1 123 $ 20

Equity in earnings of nonconsolidated affiliates 15 $ 15 39 $ 37

Interest expense 64 $ 14 186 $ 14

Other income (expense) - net (39) $ (1) (71) $ (3)

Income before income taxes $ 247 $ 272 $ 664 $ 773

Provision for income taxes 51 $ 49 170 $ 153

Net income $ 196 $ 223 $ 494 $ 620

Net income attributable to noncontrolling interests 13 $ 12 36 $ 28

Net income available for Qnity common stockholders $ 183 $ 211 $ 458 $ 592

Per common share data:

Earnings per common share - basic $ 0.87 $ 1.01 $ 2.19 $ 2.83

Earnings per common share - diluted $ 0.87 $ 1.01 $ 2.18 $ 2.83

Weighted-average common shares outstanding - basic 209.4 209.4 209.6 209.4

Weighted-average common shares outstanding - diluted 210.0 209.4 210.2 209.4

Qnity Electronics, Inc.

Consolidated Balance Sheets (Unaudited)

In millions September 30, 2026 December 31, 2025

Assets

Current Assets

Cash and cash equivalents $ 1,124 $ 915

Accounts and notes receivable - net 1,237 992

Inventories - net 775 661

Prepaid and other current assets 83 70

Total current assets $ 3,219 $ 2,638

Property, plant and equipment - net of accumulated depreciation (September 30, 2026 - 1,412; December 31, 2025 - 1,450) 1,842 1,701

Other Assets

Goodwill 7,530 7,522

Other intangible assets 972 1,111

Investments and noncurrent receivables 443 402

Deferred income tax assets 45 42

Deferred charges and other assets 666 654

Total other assets $ 9,656 $ 9,731

Total Assets $ 14,717 $ 14,070

Liabilities and Equity

Current Liabilities

Short-term borrowings $ 23 $ 24

Accounts payable 886 680

Income taxes payable 141 150

Accrued and other current liabilities 493 502

Total current liabilities $ 1,543 $ 1,356

Long-Term Debt 3,996 4,003

Other Noncurrent Liabilities

Deferred income tax liabilities 185 273

Pensions and other post-employment benefits - noncurrent 81 80

Other noncurrent obligations 1,023 992

Total other noncurrent liabilities $ 1,289 $ 1,345

Total Liabilities $ 6,828 $ 6,704

Commitments and contingent liabilities

Stockholders' Equity

Common stock (authorized 1,666,666,667 shares of $0.01 par value each; issued 2026: 209,164,927 shares; 2025: 209,479,173 shares) 2 2

Preferred stock (authorized 1 share of $1.50 million par value each; issued 2026: 1 share; 2025: 1 share) 2 2

Additional paid-in capital 7,275 7,286

Retained earnings 442 18

Accumulated other comprehensive loss (130) (213)

Total Qnity equity $ 7,591 $ 7,095

Noncontrolling interests 298 271

Total equity $ 7,889 $ 7,366

Total Liabilities and Equity $ 14,717 $ 14,070

Qnity Electronics, Inc.

Consolidated Statement of Cash Flows (Unaudited)

Nine Months Ended September 30,

In millions 2026 2025

Operating Activities

Net income $ 494 $ 620

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation of property, plant and equipment 141 124

Amortization of definite-lived intangible assets 152 156

Stock-based compensation 37 12

Credit for deferred income tax and other tax related items (68) (61)

Net gain on sales of assets (5) (1)

Restructuring and asset related charges - net — 20

Net periodic pension benefit cost 3 6

Periodic benefit plan contributions (5) (3)

Earnings of nonconsolidated affiliates less dividends received (39) (37)

Other net loss 29 —

Changes in assets and liabilities:

Accounts and notes receivable (230) (97)

Inventories (107) (33)

Other assets 14 13

Accounts payable 203 81

Accrued and other current liabilities 1 (6)

Other noncurrent liabilities 36 (1)

Income tax liabilities (9) (11)

Cash provided by operating activities $ 647 $ 782

Investing Activities

Capital expenditures (290) (214)

Proceeds and adjustments to proceeds from sales of property and businesses, net of cash divested 6 —

Other investing activities, net 4 —

Cash used for investing activities $ (280) $ (214)

Financing Activities

Repayments on long-term debt (18) —

Proceeds from term loan facility repricing 360 —

Repayments from term loan facility repricing (360) —

Repurchases of common stock (75) —

Employee taxes paid for share-based payment arrangements (7) —

Distributions to noncontrolling interests (10) (21)

Dividends paid to stockholders (50) —

Net transfers to Parent — (2,311)

Proceeds from issuance of long-term debt — 1,750

Payments for debt issuance costs (2) (34)

Cash used for financing activities $ (162) $ (616)

Effect of exchange rate changes on cash and cash equivalents 4 10

Increase (decrease) in cash and cash equivalents $ 209 $ (38)

Cash and cash equivalents at beginning of period $ 915 $ 166

Cash and cash equivalents at end of period $ 1,124 $ 128

Qnity Electronics, Inc.

Segment and Geographic Information

Net Sales by Segment and Geographic Region Three Months Ended Nine Months Ended

In millions (Unaudited) September 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025

Semiconductor Technologies $ 797 $ 693 $ 2,262 $ 1,981

Interconnect Solutions 759 583 2,038 1,583

Total $ 1,556 $ 1,276 $ 4,300 $ 3,564

Americas 1

$ 210 $ 168 $ 566 $ 472

EMEA 2

105 106 312 293

Asia Pacific 1,241 1,002 3,422 2,799

Total $ 1,556 $ 1,276 $ 4,300 $ 3,564

Net Sales Variance by Segment and Geographic Region Three Months Ended September 30, 2026

Local Price & Product Mix Volume Total

Organic Currency Total

Percent change from prior year (Unaudited)

Semiconductor Technologies — % 16 % 16 % (1) % 15 %

Interconnect Solutions — 29 29 1 30

Total — % 22 % 22 % — % 22 %

Americas 1

1 % 23 % 24 % — % 24 %

EMEA 2

— — — — —

Asia Pacific — 24 24 — 24

Total — % 22 % 22 % — % 22 %

Net Sales Variance by Segment and Geographic Region Nine Months Ended September 30, 2026

Local Price & Product Mix Volume Total

Organic Currency Total

Percent change from prior year (Unaudited)

Semiconductor Technologies (1) % 16 % 15 % (1) % 14 %

Interconnect Solutions — 27 27 2 29

Total — % 21 % 21 % — % 21 %

Americas 1

— % 20 % 20 % — % 20 %

EMEA 2

(1) 5 4 2 6

Asia Pacific — 22 22 — 22

Total — % 21 % 21 % — % 21 %

1.Includes United States, Canada, and Latin America

2.Europe, Middle East and Africa.

Qnity Electronics, Inc.

Selected Financial Information and Non-GAAP Measures

Reconciliation of Net Income to Adjusted Operating EBITDA and Adjusted Pro Forma Operating EBITDA and reconciliation of Net Income Margin to Adjusted Operating EBITDA Margin and Adjusted Pro Forma Operating EBITDA Margin Three Months Ended Nine Months Ended

In millions (Unaudited) Sep 30, 2026 Sep 30, 2025 Sep 30, 2026 Sep 30, 2025

Net Income (GAAP) $ 196 $ 223 $ 494 $ 620

+ Provision for income taxes 51 49 170 153

Income before income taxes (GAAP) $ 247 $ 272 $ 664 $ 773

+ Depreciation and amortization 98 94 293 280

'- Interest income 1

4 — 11 —

'+ Interest expense

64 14 186 14

'- Non-operating pension credits

1 (2) 3 (2)

- Foreign exchange (losses) gains - net (5) 1 (12) (4)

- Indirect legacy (costs) benefits - net (39) — (84) —

- Significant items charge (55) (1) (120) (18)

Adjusted Operating EBITDA (non-GAAP) $ 503 $ 382 $ 1,345 $ 1,091

Pro forma adjustments 2, 3

— (12) — (38)

Adjusted Pro Forma Operating EBITDA (non-GAAP) $ 503 $ 370 $ 1,345 $ 1,053

Net Income Margin (GAAP) 12.6 % 17.5 % 11.5 % 17.4 %

Adjusted Operating EBITDA Margin (non-GAAP) 32.3 % 29.9 % 31.3 % 30.6 %

Adjusted Pro Forma Operating EBITDA Margin (non-GAAP) 32.3 % 29.0 % 31.3 % 29.5 %

1.The nine months ended September 30, 2025 excludes accrued interest income earned on employee retention credits. Refer to details of significant items below.

2.Reflects the incremental costs required to operate as a stand-alone entity in the amount of $12 million and $45 million for the three and nine months ended September 30, 2025, respectively.

3.Reflects the net benefit of the Transition Services Agreements and other commercial agreements entered into with DuPont in connection with the Spin-Off in the amount of zero and $7 million for the three and nine months ended September 30, 2025, respectively.

Adjusted Operating EBITDA by Segment and Adjusted Pro Forma Operating EBITDA

Three Months Ended Nine Months Ended

In millions (Unaudited) Sep 30, 2026 Sep 30, 2025 Sep 30, 2026 Sep 30, 2025

Semiconductor Technologies $ 285 $ 240 $ 801 $ 713

Interconnect Solutions 236 152 602 403

Corporate (18) (10) (58) (25)

Adjusted Operating EBITDA (non-GAAP) $ 503 $ 382 $ 1,345 $ 1,091

Pro forma adjustments 1, 2

— (12) — (38)

Adjusted Pro Forma Operating EBITDA (non-GAAP) $ 503 $ 370 $ 1,345 $ 1,053

1.Reflects the incremental costs required to operate as a stand-alone entity in the amount of $12 million and $45 million for the three and nine months ended September 30, 2025, respectively.

2.Reflects the net benefit of the Transition Services Agreements and other commercial agreements entered into with DuPont in connection with the Spin-Off in the amount of zero and $7 million for the three and nine months ended September 30, 2025, respectively.

Equity in Earnings of Nonconsolidated Affiliates by Segment Three Months Ended Nine Months Ended

In millions (Unaudited) Sep 30, 2026 Sep 30, 2025 Sep 30, 2026 Sep 30, 2025

Semiconductor Technologies $ 14 $ 14 $ 39 $ 38

Interconnect Solutions 1 1 — (1)

Total Equity in Earnings included in Net Income (GAAP) $ 15 $ 15 $ 39 $ 37

Qnity Electronics, Inc.

Selected Financial Information and Non-GAAP Measures

Reconciliation of Cash provided by operating activities to Adjusted Free Cash Flow 1, Adjusted Pro Forma Free Cash Flow 1

Three Months Ended Nine Months Ended

In millions (Unaudited) Sep 30, 2026 Sep 30, 2025 Sep 30, 2026 Sep 30, 2025

Cash provided by operating activities (GAAP) 2

$ 271 $ 302 $ 647 $ 782

Less: Capital expenditures 78 61 290 214

Less: Transformation, integration, and other charges (36) — (84) —

Less: Indirect legacy (costs) benefits - net (91) — (114) —

Less: DuPont separation foreign tax cost 3

— — (52) —

Adjusted Free Cash Flow (non-GAAP) $ 320 $ 241 $ 607 $ 568

Pro forma adjustments 4, 5, 6, 7

— (34) — (184)

Adjusted Pro Forma Free Cash Flow (non-GAAP) $ 320 $ 207 $ 607 $ 384

1.Refer to the definitions of Non-GAAP metrics for additional information.

2.Refer to the Consolidated Statement of Cash Flows included in the schedules above for major GAAP cash flow categories as well as further detail relating to the changes in "Cash provided by operating activities" for the three and nine month periods noted.

3.Reflects taxes paid on certain legal entity restructuring actions in preparation for the Separation of Qnity from DuPont.

4.Reflects the after-tax incremental interest expense related to our current debt structure in the amount of $50 million and $174 million for the three and nine months ended September 30, 2025, respectively.

5.Reflects the after-tax incremental costs required to operate as a stand-alone entity in the amount of $8 million and $34 million for the three and nine months ended September 30, 2025, respectively.

6.Reflects the net after-tax benefit of the Transition Services Agreements and other commercial agreements entered into with DuPont in connection with the Spin-Off in the amount of zero and $5 million for the three and nine months ended September 30, 2025, respectively.

7.Reflects an adjustment to reflect principal payments and interest expense payable, as well as adjustments to employee related liabilities as if these amounts were presented on a stand-alone basis in the amount of $24 million and $19 million for the three and nine months ended September 30, 2025, respectively.

Reconciliation of Effective Tax Rate (GAAP) to Base Tax Rate (non-GAAP) and Adjusted Pro Forma Base Tax Rate (non-GAAP) Three Months Ended Nine Months Ended

Sep 30, 2026 Sep 30, 2025 Sep 30, 2026 Sep 30, 2025

Effective Tax Rate (GAAP) 20.6 % 18.0 % 25.6 % 19.8 %

Less: Significant items (charge) benefit 0.1 % 0.1 % (2.3) % 0.1 %

Less: Indirect legacy (costs) benefits - net (2.1) % — % (3.6) % — %

Less: Amortization of intangibles 0.2 % 0.3 % 0.1 % — %

Base Tax Rate 1 (non-GAAP)

18.8 % 18.4 % 19.8 % 19.9 %

Pro forma adjustments 2

— % 3.2 % — % 4.2 %

Adjusted Pro Forma Base Tax Rate 1 (non-GAAP)

18.8 % 21.6 % 19.8 % 24.1 %

1.Base Tax Rate is a non-GAAP measure defined as the GAAP Effective Tax Rate excluding the tax rate impacts of adjustments to net income available for Qnity common stockholders in determining Adjusted Earnings. Refer to the definitions of Non-GAAP metrics for additional information.

2.Reflects the tax rate impact of incremental interest expense related to our current debt structure in the amounts of 3.2% and 4.2% for the three and nine months ended September 30, 2025, respectively.

Reconciliation of Gross Profit to Adjusted Pro Forma Gross Profit and Gross Margin to Adjusted Pro Forma Gross Margin

Three Months Ended

Nine Months Ended

In millions (Unaudited)

Sep 30, 2026 Sep 30, 2025 Sep 30, 2026 Sep 30, 2025

Gross Profit (GAAP)

$ 743 $ 575 $ 2,027 $ 1,646

Gross Margin (GAAP) 47.8 % 45.1 % 47.1 % 46.2 %

Pro forma adjustments 1

— — — (3)

Adjusted Pro Forma Gross Profit (non-GAAP) 2

$ 743 $ 575 $ 2,027 $ 1,649

Adjusted Pro Forma Gross Margin (non-GAAP) 2

47.8 % 45.1 % 47.1 % 46.3 %

1.Reflects the net benefit of the Transition Services Agreements and other commercial agreements entered into with DuPont in connection with the spin-off on Cost of Sales in the amounts of zero and $3 million for the three and nine months ended September 30, 2025.

2.Adjusted gross profit is calculated as Gross Profit (net sales less cost of sales), excluding the impact of Significant items on Net Sales and Cost of Sales and the impact on Cost of Sales from certain services associated with transaction agreements entered with DuPont, including the Transition Services Agreement, certain product service agreements, contract manufacturing agreements, raw materials supply agreements, and site services agreements. Adjusted gross margin is defined as adjusted gross profit divided by net sales.

Qnity Electronics, Inc.

Selected Financial Information and Non-GAAP Measures

Reconciliation of Net Income1 to Adjusted Earnings and Adjusted Pro Forma Earnings

Three Months Ended

Sep 30, Sep 30,

In millions, except per share amounts (Unaudited) 2026 2025 Income Statement Classification

Net Income available for Qnity common stockholders (GAAP) 1

$ 183 $ 211

Earnings Per Share (GAAP) 2

$ 0.87 $ 1.01

Less: Significant Items and Other Non-GAAP Adjustments 3

Transformation, integration & other charges 4

(53) (1) Transformation, integration & other charges

Amortization of intangibles (50) (51) Amortization of intangibles

Non-operating pension credits 1 (2) Other income (expense) - net

Gain on sale of assets — — Other income (expense) - net

Indirect legacy (costs) benefits - net (39) — Other income (expense) - net

Debt Repricing - Loss on Extinguishment (3) — Interest Expense

Debt Repricing - Fees (2) — Other income (expense) - net

Tax effect of Non-GAAP Adjustments 5

23 10 Provision for income taxes

Adjusted Earnings (non-GAAP) $ 306 $ 255

Pro forma adjustments 6,7

— (58)

Adjusted Pro Forma Earnings $ 306 $ 197

Adjusted Pro Forma Earnings Per Share 8

$ 1.46 $ 0.94

1. Net income available for Qnity common stockholders.

2. Earnings per common share - diluted.

3. All Non-GAAP Adjustments are shown on a pre-tax basis with the exception of "Tax effect of Non-GAAP Adjustments"

4. Q3 2026 Transformation, integration and other charges primarily consisted of costs incurred to support the Company’s information technology independence initiatives of approximately $35 million, costs related to transformation initiatives of approximately $11 million, other integration-related costs of approximately $4 million, and severance and other asset-related charges of approximately $3 million. Q3 2025 relates to pre-separation severance charges.

5. The income tax effect on significant items was calculated based upon the enacted tax laws and statutory income tax rates applicable in the tax jurisdiction(s) of the underlying non-GAAP adjustment.

6. Reflects the after tax incremental interest expense related to our current debt structure in the amount of $50 million for the three months ended September 30, 2025.

7. Reflects the after tax incremental costs required to operate as a stand-alone entity in the amount of $8 million for the three months ended September 30, 2025.

8. Adjusted Pro Forma Earnings Per Share is calculated based on Adjusted Pro Forma Earnings divided by common shares – diluted of 210.0 million shares and 209.4 million shares as of September 30, 2026 and September 30, 2025 respectively.

Qnity Electronics, Inc.

Selected Financial Information and Non-GAAP Measures

Reconciliation of Net Income1 to Adjusted Earnings and Adjusted Pro Forma Earnings

Nine Months Ended

Sep 30, Sep 30,

In millions, except per share amounts (Unaudited) 2026 2025 Income Statement Classification

Net Income available for Qnity common stockholders (GAAP) 1

$ 458 $ 592

Earnings Per Share (GAAP) 2

$ 2.18 $ 2.83

Less: Significant Items and Other Non-GAAP Adjustments 3

Transformation, integration & other charges 4

(123) (20) Transformation, integration & other charges

Employee retention credit 5

— 2 Other income (expense) - net

Amortization of intangibles (152) (156) Amortization of intangibles

Non-operating pension credits 3 (2) Other income (expense) - net

Gain on sale of assets 6

5 — Other income (expense) - net

Indirect legacy (costs) benefits - net (84) — Other income (expense) - net

Debt Repricing - Loss on Extinguishment (3) — Interest Expense

Debt Repricing - Fees (2) — Other income (expense) - net

Tax effect of Non-GAAP Adjustments 7

32 35 Provision for income taxes

Adjusted Earnings (non-GAAP) $ 782 $ 733

Pro forma adjustments 8,9,10

— (203)

Adjusted Pro Forma Earnings $ 782 $ 530

Adjusted Pro Forma Earnings Per Share 11

$ 3.72 $ 2.53

1. Net income available for Qnity common stockholders.

2. Earnings per common share - diluted.

3. All Non-GAAP Adjustments are shown on a pre-tax basis with the exception of "Income Tax Items" and "Tax effect of Non-GAAP Adjustments"

4. Transformation, integration and other charges for the nine months ended September 30, 2026 primarily consisted of costs incurred to support the Company’s information technology independence initiatives of approximately $83 million, costs related to transformation initiatives of approximately $21 million, other integration‑related costs of approximately $10 million, and severance and other asset-related charges of approximately $9 million. Q3 2025 relates to pre-separation severance charges.

5. Reflects accrued interest earned on employee retention credits and is recorded in “Interest income” within the “Other income (expense) - net” line item in the Company’s Consolidated Statements of Operations.

6. The gain on sale of assets was attributable to the sale of land during the nine months ended September 30, 2026.

7. The income tax effect on significant items was calculated based upon the enacted tax laws and statutory income tax rates applicable in the tax jurisdiction(s) of the underlying non-GAAP adjustment.

8. Reflects the after tax incremental interest expense related to our current debt structure in the amount of $174 million for the nine months ended September 30, 2025.

9. Reflects the after tax incremental costs required to operate as a stand-alone entity in the amount of $34 million for the nine months ended September 30, 2025.

10. Reflects the after tax net benefit of the Transition Services Agreements and other commercial agreements entered into with DuPont in connection with the Spin-Off in the amount of $5 million for the nine months ended September 30, 2025.

11. Adjusted Pro Forma Earnings Per Share is calculated based on Adjusted Pro Forma Earnings divided by common shares – diluted of 210.2 million shares, and 209.4 million shares for the nine month periods ended September 30, 2026, and September 30, 2025, respectively.

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