Slide 1: First Quarter 2026 Financial Results
First Quarter 2026 Financial Results Earnings webcast May 12, 2026
Slide 2: Forward looking statements
Forward looking statements On November 1, 2025, we completed the spin-off (the “Spin-Off”) from DuPont de Nemours, Inc. ("DuPont"), thereby creating Qnity Electronics, Inc. ("Qnity"), a new independent, publicly traded electronics company. This presentation contains "forward-looking statements" with
Slide 3: Non-GAAP financial measures
Non-GAAP financial measures This presentation includes information that does not conform to accounting principles generally accepted in the United Indirect legacy costs/benefits relate to cost sharing arrangements executed between DuPont and Qnity at the time of the States of America (“U.S. GAAP”) a
Slide 4: Key takeaways
Key takeaways 17% Q1 Organic Sales1 Continued organic growth momentum driven by AI, Growth high-performance computing, and advanced connectivity Recently announced collaborations with leading technology companies and targeted capacity 22% expansions reinforcing position as innovation Q1 Adjusted Ope
Slide 5: Qnity Q1 financial performance
Qnity Q1 financial performance Net Sales1 (in $ millions) Key Drivers of Q1 2026 Above Market Growth $ 1,315 +18% $ 1,118 Net Sales1 • Continued momentum led by AI-exposed end markets and next generation technologies • Core drivers continue to be advanced nodes, advanced packaging and interconnects,
Slide 6: Semiconductor Technologies
Semiconductor Technologies Net Sales1 (in $ millions) Key Drivers of Q1 2026 Above Market Growth +12% $ 722 $ 644 Net Sales1 • Strong demand and content gains in advanced nodes • Fab utilization rates continue to improve in line Q1 2025 Q1 2026 with expectations Adjusted Operating EBITDA2 (in $ mill
Slide 7: Interconnect Solutions
Interconnect Solutions Net Sales1 (in $ millions) Key Drivers of Q1 2026 Above Market Growth +25% $ 593 Net Sales1 $ 474 • Impressive execution across the business • Accelerating demand for advanced packaging and thermal management solutions Q1 2025 Q1 2026 • New business wins with AI PCBs for data
Slide 8: Raising FY 2026 Financial Guidance
Raising FY 2026 Financial Guidance Prior Guidance Current Guidance Mid-point Increase Net Sales $4.970B - $5.170B $5.225B - $5.375B + $230M Adjusted Operating EBITDA1 $1.465B - $1.575B $1.535B - $1.625B + $60M Adjusted EPS2 $3.55 - $3.95 $3.80 - $4.14 + $0.22 Adjusted Free Cash Flow3 $450M - $550M $
Slide 9: Appendix
Appendix 9
Slide 10: Additional Full Year 2026 Modeling Considerations
Additional Full Year 2026 Modeling Considerations Income Statement Highlights Capex Highlights Capital Expenditures ~$450 - $470M (~9% of Net Sales) Depreciation ~$190-$210M, pre-tax Intangible Amortization ~$200-$205M, pre-tax Base Tax Rate1 ~21-23% Interest Expense, Net ~$250M, pre-tax Share Count
Slide 11: Qnity: a broad pure-play technology leader for the fast-growing semiconductor market
Qnity: a broad pure-play technology leader for the fast-growing semiconductor market End-to-end portfolio breadth for solutions to the semiconductor value chain; >65% of portfolio tied directly to semiconductors1 Leading the transition to advanced nodes with ~90% unit-based consumables Decades-long
Slide 12: Our Capital Allocation Priorities
Our Capital Allocation Priorities Prioritizing organic reinvestment while balancing capability-enhancing M&A, capital returns, and financial strength Opportunistic M&A Strong Free Cash Organic Flow Generation Reinvestment Leverage Management Capital Returns Strong free cash flow supports a disciplin
Slide 13: Reconciliations
Reconciliations <4 os >
Slide 14: Qnity Electronics, Inc.
Qnity Electronics, Inc. Selected Financial Information and Non-GAAP Measures (Unaudited) Reconciliation of Net Income to Adjusted Operating EBITDA and Adjusted Pro Forma Operating EBITDA and reconciliation of Net Income Margin to Adjusted Pro Forma Operating EBITDA Margin ions [1028 CT Net Income (G
Slide 15: Qnity Electronics, Inc.
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. Q1 2026 Transformation, integration and other charges primarily
Slide 16: Qnity Electronics, Inc.
Qnity Electronics, Inc. Selected Financial Information and Non-GAAP Measures (Unaudited) Reconciliation of Effective Tax Rate (GAAP) to Base Tax Rate (non-GAAP) and Adjusted Pro Forma Base Tax Rate (non-GAAP) Effective Tax Rate (GAAP) 25.7%) 42.5%) Less: Significant items (charge) benefit (4.1)%) 0.
Slide 17: Qnity Electronics, Inc.
3s Qnity Electronics, Inc. Segment and Geographic Information (Unaudited) Net Sales by Segment and Geographic Region Semiconductor Technologies $ 722|$ 644] $ 661 Interconnect Solutions 593 474 529 Total $ 1,315 | $ 1,118 | $ 1,190 Americas ! $ 171] $ 144) $ 157 EMEA 2 102 92 85 Asia Pacific 1,042 8
Slide 18: Qnity Electronics, Inc.
Qnity Electronics, Inc. Segment and Geographic Information (Unaudited) Net Sales Variance by Segment and — —_— |Percent change from prior year Local Price & (Unaudited) Product Mix Volume Total Organic Currency Total [Semiconductor Technologies - % 12% 12% - % 12% Interconnect Solutions (1) 23 22 3
Slide 19: Qnity Electronics, Inc.
Qnity Electronics, Inc. Segment Information (Unaudited) Adjusted Operating EBITDA and Adjusted Pro Forma Operating EBITDA [in millions ‘Semiconductor Technologies $ 232 Interconnect Solutions 136 Corporate (18)| Total Adjusted Operating EBITDA (non-GAAP) $ 350 Semiconductor Technologies Interconnect
Slide 20: Selected Financial Information and Non-GAAP Measures (Unaudited)
Selected Financial Information and Non-GAAP Measures (Unaudited) 20
Slide 21: Qnity Electronics, Inc.
Qnity Electronics, Inc. Adjusted Free Cash Flow (Unaudited) Reconciliation of "Cash provided by operating activities” to Adjusted Free Cash Flow ', Adjusted Pro Forma Free Cash Flow ' EEEYTEEYEYTTOT™E™>yTlEl;> > >>T>y>—TETEEEe in millions |Cash provided by operating activities (GAAP) $ 135|$ 207|$ 4
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