Every material Form 8-K Qnity Electronics has filed with the SEC since November 03, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Qnity Electronics reported third-quarter 2026 net sales of $1.56 billion, representing a 22% increase year-over-year, alongside GAAP net income of $196 million. Driven by this performance, the company raised its full-year financial guidance across net sales, adjusted operating EBITDA, adjusted EPS, and adjusted free cash flow. Shareholders saw mixed indicators as GAAP EPS fell 14% to $0.87 while adjusted EPS rose 55% to $1.46.
Third-quarter 2026 net sales reached $1,556 million, up 22% compared to the prior-year period.
GAAP net income for Q3 2026 was $196 million, with diluted GAAP EPS of $0.87.
Full-year 2026 net sales guidance was set at $5.77 billion to $5.83 billion.
Qnity Electronics appointed Ken Rizvi as Senior Vice President and Chief Financial Officer, effective October 1, 2026. Rizvi was most recently CFO of Synaptics, a role he has held since July 2024, and Michael Goss, the current interim CFO, will move to Vice President, Finance & Controllership and Principal Accounting Officer. The filing discloses a $10.0 million equity buyout award and a $600,000 base salary for Rizvi, but no financial results or guidance.
Ken Rizvi becomes Senior Vice President and CFO effective October 1, 2026.
Michael Goss stops serving as interim CFO on the effective date and becomes Vice President, Finance & Controllership and Principal Accounting Officer.
Rizvi's package includes a $600,000 annual base salary, a 90% target short-term incentive, and a $10.0 million equity buyout award split 60% restricted stock units and 40% performance stock units.
Rizvi also receives a 2026 annual long-term incentive award valued at $5.5 million.
Qnity reported second-quarter 2026 net sales of $1.4 billion, up 22% from a year earlier, and raised its full-year 2026 guidance. GAAP net income fell 31% to $136 million, while adjusted earnings rose 53% to $250 million, so shareholders see strong sales and a higher outlook alongside lower reported profit.
Q2 2026 net sales were $1.429 billion, up from $1.170 billion in Q2 2025.
GAAP diluted EPS was $0.59, down from $0.90; adjusted EPS was $1.19, up from $0.78 on a pro forma basis.
Full-year 2026 guidance: net sales $5.55 billion to $5.65 billion; adjusted EPS $4.40 to $4.60; adjusted free cash flow $600 million to $700 million.
On July 1, 2026, Qnity Electronics entered into Repricing Amendment No. 1 to its October 31, 2025 credit agreement with JPMorgan Chase Bank, N.A. The amendment lowers the interest margin on all $2,338,250,000 of outstanding term loans, and the company says other loan terms are not materially changed. Lower borrowing costs can help free cash for shareholders, though the filing does not quantify the savings.
All $2,338,250,000 of term loans outstanding before July 1, 2026 were repriced.
Term SOFR margin falls from 2.00% to 1.75%; Base Rate Loan margin falls from 1.00% to 0.75%.
A 1.00% premium applies to certain repricing-related prepayments or amendments through six months after the closing date.
Other terms, including maturity, security and covenants, are described as materially unchanged.
Qnity reported first-quarter 2026 net sales of $1.3 billion, up 18% from a year earlier, and raised its full-year 2026 guidance across all metrics. GAAP net income fell 19% to $162 million and GAAP diluted EPS fell 22% to $0.72, while adjusted EPS rose 33% to $1.08, a non-GAAP measure. Shareholders get higher sales and a raised outlook, but the GAAP profit decline is the key counterpoint.
Q1 2026 net sales $1,315 million, up 18% year over year; organic sales up 17%
GAAP net income $162 million, down 19%; GAAP diluted EPS $0.72, down 22%
Adjusted EPS $1.08, up 33%; adjusted operating EBITDA $411 million, up 22%
Full-year 2026 guidance: net sales $5.225 billion to $5.375 billion; adjusted EPS $3.80 to $4.14
Qnity reported fourth-quarter and full-year 2025 results, with full-year net sales up 10% to $4.75 billion and adjusted pro forma EPS up 12% to $3.35, while fourth-quarter GAAP net income fell to $109 million from $221 million. The company also gave 2026 guidance, announced a multi-year transformation plan, and authorized up to $500 million in share repurchases.
Full-year 2025 GAAP net income was $729 million, up 1%, and GAAP diluted EPS was $3.30 versus $3.31 in 2024.
Fourth-quarter 2025 GAAP net income was $109 million versus $221 million a year earlier; diluted EPS was $0.48 versus $1.02.
2026 guidance: net sales of $4.97 billion to $5.17 billion and adjusted EPS of $3.55 to $3.95.
The transformation plan targets about $100 million in run-rate Adjusted Operating EBITDA benefit by the end of 2028, with about $140 million in costs over two to three years.
Qnity Electronics said Chief Financial Officer Matthew Harbaugh resigned for health reasons, effective January 12, 2026, and Principal Accounting Officer and Controller Michael Goss became Interim CFO while the company searches for a permanent replacement. The company also reaffirmed its full year 2025 guidance of about $4.7 billion in Net Sales and about $1.4 billion in Adjusted Pro Forma Operating EBITDA, and said Harbaugh's departure was not related to its financial statements, financial reporting or internal controls.
Matthew Harbaugh resigned as CFO effective January 12, 2026, citing health reasons.
Michael Goss, 50, becomes Interim CFO; the company will conduct a search for a permanent CFO.
2025 guidance reaffirmed: Net Sales of about $4.7 billion and Adjusted Pro Forma Operating EBITDA of about $1.4 billion, as first given on November 6, 2025.
Fourth quarter and full year 2025 earnings call scheduled for February 26, 2026, at 8:00 a.m. ET.
Qnity Electronics said Sang Ho Kang stopped serving as president of its Semiconductor Technologies segment effective December 9, 2025, following a mutual decision with the company. Chief Strategy and Commercial Officer Sam Ponzo is serving as interim president while the company searches for a permanent replacement. The filing also sets the deadlines for the company's first annual meeting of stockholders, which is scheduled for May 21, 2026.
Sang Ho Kang's role as president of the Semiconductor Technologies segment ended December 9, 2025.
Sam Ponzo, previously Chief Strategy and Commercial Officer, is Interim President while a permanent replacement is sought.
Kang may receive severance under the Senior Executive Severance Plan, subject to signing a release; the company says his departure was not related to its financial statements or internal controls.
Stockholder proposals for the 2026 annual meeting under Rule 14a-8 are due by December 19, 2025; director nominations are due between January 22 and February 21, 2026.
Qnity Electronics estimated third-quarter 2025 net sales of $1.3 billion, up 11% from the prior year period, and estimated GAAP net income of about $220 million, up about 6%. The company raised its 2025 net sales estimate to about $4.7 billion from about $4.6 billion and reaffirmed its 2025 adjusted pro forma operating EBITDA estimate of about $1.4 billion, while the quarterly figures remain preliminary and unaudited pending the Form 10-Q.
Q3 2025 net sales of $1.3 billion, up 11%, driven by AI demand across advanced nodes, advanced packaging and thermal management
Estimated GAAP net income of about $220 million, up about 6%; pro forma and management adjusted net income of $155 million, up 16%
Adjusted pro forma operating EBITDA up about 6%, with margin of about 29% versus 30% a year earlier
2025 net sales estimate raised to about $4.7 billion; adjusted pro forma operating EBITDA of about $1.4 billion reaffirmed
Qnity Electronics became an independent public company on November 1, 2025, when DuPont completed the separation of its Electronics business through a pro rata stock distribution to DuPont shareholders. Qnity common stock began regular-way trading on the NYSE under the symbol Q on November 3, 2025, and the company entered a senior secured credit agreement and a set of separation agreements with DuPont that set out ongoing financial and legal ties.
Separation effective 12:03 a.m. on November 1, 2025; distribution record date was October 22, 2025
Qnity shares began trading on the NYSE under Q on November 3, 2025; the company will also join the S&P 500 according to its press release
Jon Kemp assumed the role of Chief Executive Officer and remains on the Board of Directors
Credit agreement dated October 31, 2025; term loan margin is 2.00% over term SOFR, with 1.00% annual scheduled amortization
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