Qnity Electronics, Inc. · NYSE:Q
Qnity Electronics — Q3 2026 Earnings Presentation
26 slides from Qnity Electronics's earnings presentation, Nov 4, 2026
Slide 1: Third Quarter 2026 Financial Results
Third Quarter 2026 Financial Results Earnings webcast November 4, 2026 Earnings webcast November 4, 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 States of excluded from Adjusted Earnings, Adjusted Operating EBITDA, and Adjusted Free Cash Flow, as defined above, as they are America (“U.S. GAAP”) an
Slide 4: Key takeaways
Key takeaways 22% Q3 Organic Sales1 Continued growth driven by Qnity’s critical role Growth powering shrink and stack technologies Portfolio breadth and deep customer engagement 36% are translating innovation leadership into more Q3 Adjusted Operating Process of Record wins EBITDA1 Growth Raised ful
Slide 5: Qnity Q3 Financial Performance
Qnity Q3 Financial Performance Key Drivers of Q3 2026 Above Market Growth Net Sales1 (in $ millions) Net Sales1 $1,556 +22% • Additional Qnity content in every device, as shrink $1,276 and stack technologies accelerate • Growth continues to be driven by advanced nodes and packaging, thermal manageme
Slide 6: Semiconductor Technologies
Semiconductor Technologies Key Drivers of Q3 2026 Above Market Growth Net Sales1 (in $ millions) Net Sales1 $ 797 • Advanced node growth of 25%, now represents +15% $ 693 approximately 44% of semiconductor related revenue3 • Strong performance from Kalrez, our semiconductor equipment consumables bus
Slide 7: Interconnect Solutions
Interconnect Solutions Key Drivers of Q3 2026 Above Market Growth Net Sales1 (in $ millions) Net Sales1 +30% $ 759 • Strong performance led by thermal management, $ 583 advanced packaging, and AI PCBs • Strength across data centers, industrial, and premium consumer electronics Adjusted Gross Margin2
Slide 8: Raising FY 2026 Financial Guidance
Raising FY 2026 Financial Guidance Guidance at Q2 Current Guidance Mid-point Increase Net Sales $5.55B - $5.65B $5.77B - $5.83B + $200M Adjusted Operating EBITDA1 $1.675B - $1.725B $1.785B - $1.805B + $95M Adjusted EPS2 $4.40 - $4.60 $4.95 - $5.05 + $0.50 Adjusted Free Cash Flow3 $600M - $700M $800M
Slide 9: Appendix
Appendix 9
Slide 10: Updated Additional Full Year 2026 Modeling Considerations
Updated Additional Full Year 2026 Modeling Considerations Income Statement Highlights Capex Highlights Capital Expenditures ~$450-$470M Depreciation ~$195-$200M, pre-tax Intangible Amortization ~$200-$205M, pre-tax Base Tax Rate1 ~20% Interest Expense, Net2 $240-250M, pre-tax Share Count – Diluted ~
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 < as b>
Slide 14: Selected Financial Information and Non-GAAP Measures (Unaudited)
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 Operating EBITDA Margin and Adjusted Pro Forma Operating EBIT
Slide 15: Adjusted Earnings and Adjusted EPS Reconciliation
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. Q3 2026 Transformation, integration and other charges primaril
Slide 16: Adjusted Earnings and Adjusted EPS Reconciliation (Nine Months)
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 mon
Slide 17: Adjusted Free Cash Flow (Unaudited)
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 ' ios _ a |Cash provided by operating activities (GAAP) $ 271|$ 302] $ 241 $ 647] $ 782 Less: Capital expenditures 78
Slide 18: Segment and Geographic Information (Unaudited)
Qnity Electronics, Inc. Segment and Geographic Information (Unaudited) Net Sales by Segment and Geographic Region ——T==X=X=_=]]7 Semiconductor Technologies $ 797] $ 693] $ 744] |S 2,262] $ 1,981 Interconnect Solutions 759 583 685 2,038 1,583 Total $ 1,556 | $ 1,276] $ 1,429 $ 4,300 | $ 3,564 America
Slide 19: Segment and Geographic Information (Unaudited)
Qnity Electronics, Inc. Segment and Geographic Information (Unaudited) Net Sales Variance by Segment and = a Percent change from prior year Local Price & | (Unaudited) Product Mix Volume Total Organic Currency Total Semiconductor Technologies -%| 16% 16% (1)%| 15% Interconnect Solutions 29% 29% 1% 3
Slide 20: Segment and Geographic Information (Unaudited)
Pe 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 1. Currency Total ‘Semiconductor Technologies (1)%] 16%| 15% (1)%] 14%) Interconnect Solutions .
Slide 21: Segment Information (Unaudited)
Qnity Electronics, Inc. Segment Information (Unaudited) Adjusted Operating EBITDA by Segment and Adjusted Pro Forma Operating EBITDA Taine [075 |Semiconductor Technologies $ 285) $ 240/$ 253 $ 801] $ 713 Interconnect Solutions $ 236 152 197 602 403 Corporate $s (13) (10)} (19)} (58) (25) Adjusted Op
Slide 22: Selected Financial Information and Non-GAAP Measures
Selected Financial Information and Non-GAAP Measures 22
Slide 23: Adjusted Gross Margin (Unaudited)
Qnity Electronics, Inc. Adjusted Gross Margin (Unaudited) Reconciliation of Gross Profit to Adjusted Pro Forma Gross Profit and reconciliation of Gross Margin to Adjusted Pro Forma Gross Margin In millions Gross Profit (GAAP) $ 74315 575|$ 666 $ 2,027 | $ 1,646 Gross Margin (GAAP) 47.8% 45.1%] 46.6%
Slide 24: Adjusted Gross Margin by Segment (Unaudited)
Qnity Electronics, Inc. Adjusted Gross Margin by Segment (Unaudited) Reconciliation of Gross Profit to Adjusted Pro Forma Gross Profit by Segment and reconciliation of Gross Margin to Adjusted Pro Forma Gross Margin by Segment In millions Gross Profit (GAAP) |Gross Margin (GAAP) Pro forma adjustment
Slide 25: Selected Financial Information and Non-GAAP Measures (Unaudited)
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) YTD Q3 2025 Effective Tax Rate (GAAP) 20.6%| 18.0% 31.7% 25.6%) 19.8% Less: Significant ite
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