Qnity Electronics, Inc.
For the period ended Mar 31, 2026. Filed May 12, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 12, 2026
Q$125.09+6.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
Consolidated Statements of Operations (Unaudited)
| Three Months Ended March 31, | ||
|---|---|---|
| In millions, except per share amounts | 2026 | 2025 |
| Net sales | $1,315 | $1,118 |
| Cost of sales | 697 | 587 |
| Research and development expenses | 94 | 84 |
| Selling, general and administrative expenses | 173 | 140 |
| Amortization of intangibles | 52 | 55 |
| Transformation, integration and other charges (Note 4) | 28 | 17 |
| Equity in earnings of nonconsolidated affiliates | 13 | 9 |
| Interest expense | 61 | — |
| Other income (expense) - net | (5) | 2 |
| Income before income taxes | $218 | $246 |
| Provision for income taxes | 56 | 47 |
| Net income | $162 | $199 |
| Net income attributable to noncontrolling interests | 11 | 6 |
| Net income available for Qnity common stockholders | $151 | $193 |
| Per common share data: | ||
| Earnings per common share - basic | $0.72 | $0.92 |
| Earnings per common share - diluted | $0.72 | $0.92 |
| Weighted-average common shares outstanding - basic | 209.7 | 209.4 |
| Weighted-average common shares outstanding - diluted | 210.3 | 209.4 |
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