Qnity Electronics Q2 2026 Earnings Call: Complete Transcript

On Tuesday, Qnity Electronics (NYSE: Q ) discussed second-quarter financial results during its earnings call.

The full transcript is provided below.

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The full earnings call is available at Summary Qnity Electronics reported a 22% year-over-year increase in net sales for the second quarter of 2026, with adjusted operating EBITDA up 24% and adjusted EPS growing 53%.

The company highlighted strong growth in its Semiconductor Technologies and Interconnect Solutions segments, driven by AI-driven solutions and advanced packaging, leading to a 28% organic growth in ICS.

Qnity Electronics raised its full-year outlook, expecting net sales of $5.55 billion to $5.65 billion, adjusted operating EBITDA of $1.675 billion to $1.725 billion, and adjusted EPS of $4.40 to $4.60.

The company continues to expand its capacity and innovation efforts, launching new products such as the Optavision Max Polishing Pads and enhancing its thermal materials portfolio.

Management emphasized strong customer engagement, strategic investments, and the company's position to capitalize on growth opportunities, especially in AI and high-performance computing sectors.

Full Transcript OPERATOR Good morning and welcome to the Qnity Electronics second quarter 2026 conference and webcast call.

Currently, all callers have been placed in listen-only mode, and following management's prepared remarks, the call will be open for your questions.

I will now turn the call over to Meg Miller, Vice President of Global Communications.

You may begin.

Meg Miller, Vice President of Global Communications Thank you and welcome to our second quarter 2026 earnings call.

I'm joined by Jon Kemp, Qnity Electronics' Chief Executive Officer, and Mike Goss, Qnity Electronics' Interim Chief Financial Officer.

Earlier today we issued our earnings release along with a supplemental slide presentation which can be found on our Investor Relations website.

Before we begin, I'd like to remind you that today's discussion will include some forward-looking statements.

These statements represent our best view of predictions and expectations for the future, but numerous risks and uncertainties may cause actual results to differ.

Please refer to our earnings release and SEC filings for a discussion of these risks.

We'll also be discussing certain non-GAAP financial measures and I refer you to our earnings materials for information regarding our non-GAAP financial measures and reconciliations to the most directly comparable GAAP measure.

And now it's my pleasure to turn it over to Jon.

Jon Kemp, Chief Executive Officer Thank you for joining our call this morning.

Last quarter we talked about how the fundamental shift from shrink to stack is becoming the driving force behind technological advancements in the semiconductor industry.

Innovation is spanning well beyond transistor shrink to focus on connecting chips in new and innovative ways that will unlock the next frontier of computing.

As the stack gets taller and layers multiply, the journey every chip must take lengthens and materials innovation becomes the hidden hero, quietly powering performance, yield and reliability.

Qnity Electronics sits at the center of this trend with one of the broadest portfolios of end-to-end solutions across the stack.

On the front end, our suite of CMP pads, cleans and slurries and lithography materials are essential for patterning and polishing leading-edge chips.

In the middle, we provide comprehensive advanced packaging solutions from both business segments to enable next-generation architectures and support chip-to-chip connections.

Finally, on the back end, our thermal materials move heat across demanding full system workloads like data centers and other AI applications.

When you combine the breadth of our portfolio across the semiconductor stack with decades of innovation alongside our customers and a local-for-local model for manufacturing and technical support, it's clear why Qnity Electronics is uniquely positioned for the opportunities ahead.

We're aligned with the industry's most groundbreaking technology roadmaps, embedded in our customers' next-generation platform, and able to deliver the materials and solutions they need at scale.

As AI, high-performance computing and advanced connectivity continue to reshape the industry, these advantages position us to create significant long-term value.

The best proof of this differentiated position is our performance.

Looking at our second quarter results, we delivered our ninth consecutive quarter of strong, profitable organic growth.

Organic sales increased 22% year over year with another quarter of double-digit growth across both segments.

Adjusted operating EBITDA increased 24% and adjusted EPS grew by 53% as we continue to demonstrate our ability to drive strong operating leverage in the business.