Knowles Reports Q2 2026 Financial Results and Provides Outlook for Q3 2026

About this update from Knowles Corporation

Q2 Revenues Increased 14% on a Year over Year Basis to $167 million Q2 Diluted EPS from Continuing Operations increased $0.12 on a Year over Year Basis to $0.21 Q2 Non-GAAP Diluted EPS from Continuing Operations Increased 38% on a Year over Year Basis to $0.33 Q2 Net Cash from Operations was $28 million ITASCA, Ill., July 23, 2026--(BUSINESS WIRE)--Knowles Corporation (NYSE: KN), a leading manufacturer of specialty electronic components, including high performance capacitors, radio frequency ("RF") filters, advanced medtech microphones, and balanced armature speakers, today announced results for the quarter ended June 30, 2026. "We delivered second quarter revenues exceeding the high end of our guided range. Non-GAAP diluted EPS was above the high end of our guided range and cash from operations was within the guided range," commented Jeffrey Niew, President and CEO of Knowles. Mr. Niew continued, "I am very pleased with the Company's performance in the first half of 2026. Within the Precision Devices segment, we saw year over year revenue growth across all our end markets: Medtech, Defense, Industrial, and Electrification, as we execute our strategy of leveraging our unique technologies, creating custom products through our customer application intimacy, and then scaling into production with our world-class operational capabilities. Our total company revenue grew 14% on a year over year basis in the second quarter and this was our seventh consecutive quarter where the book to bill was greater than one." "With our bookings increasing every quarter over the past twelve months, numerous new design wins ramping across multiple end markets, and a very healthy backlog of existing orders, we now expect 2026 revenues will grow at a rate of 10-12% with adjusted EBITDA growth of more than 20%," stated Mr. Niew. Continuing, Mr. Niew said, "Looking ahead to 2027, given the magnitude of our bookings coupled with strong long-term secular growth trends in the markets we participate in, I expect we will exceed the organic growth targets we presented at our May 2025 Investor Day. I am excited about the growth opportunities that lie ahead and am confident in our ability to continue to drive long-term value for our shareholders." Financial Highlights The following table highlights the Company's financial performance on both a GAAP and supplemental non-GAAP basis for contin...

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