Q Q2 FY2026 earnings: EPS beat by 11.2%, revenue beat by 4.7%
Qnity Electronics reported Q2 FY2026. EPS came in at $1.19 against a $1.07 consensus, beat by 11.2%. Revenue was $1.4B versus $1.4B expected, beat by 4.7%. Gross margin was -39.6%, down 8260 bps from last quarter.
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The quarter in numbers
| Metric | Actual | Consensus | Surprise |
|---|---|---|---|
| EPS | $1.19 | $1.07 | beat by 11.2% |
| Revenue | $1.4B | $1.4B | beat by 4.7% |
| Line | This quarter | QoQ | YoY |
|---|---|---|---|
| Revenue | $1.4B | +8.7% | +22.1% |
| Gross profit | $-566.0M | -200.0% | -215.5% |
| Operating income | $-299.0M | -200.0% | -220.6% |
| Net income | $147.0M | -2.6% | -21.8% |
| Diluted EPS | $0.59 | -18.1% | -34.4% |
| Gross margin: -39.6%. |
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The trend
Revenue is up 22.1% from the same quarter last year. Gross margin sits at -39.6%, 8550 bps off its 8-quarter high.
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How it stacks up
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