WILMINGTON, DE — Qnity Electronics, Inc. (NYSE: Q) reported net income of $729 million, or $3.30 per share, for the full year ended December 31, 2025, as the semiconductor technology company outlined a multi-year transformation plan and authorized up to $500 million in share repurchases.
The company reported adjusted pro forma earnings of $703 million, or $3.35 per share, an increase of 12 percent compared with the prior year.
Adjusted pro forma operating EBITDA totaled $1.4 billion, up 11 percent year over year, according to the company.
Chief Executive Officer Jon Kemp said the results followed the company’s spin-off as an independent business in November.
“We successfully completed our spin-off into an independent company in November, establishing Qnity as a leading pure play technology solutions provider across the semiconductor value chain,” Kemp said.
Qnity said it expects continued demand in areas such as artificial intelligence, high-performance computing, and advanced connectivity to support growth.
The company also announced a transformation program intended to improve productivity and streamline operations.
The plan is expected to generate about $100 million in adjusted operating EBITDA benefits by the end of 2028.
Qnity said it expects to incur approximately $140 million in implementation costs over the next two to three years.
The company’s board also authorized a share repurchase program allowing the buyback of up to $500 million in common stock.
The repurchase authorization has no expiration date and may include open market purchases, privately negotiated transactions, or other methods permitted under securities laws.
Qnity said it will provide financial guidance for 2026 as it continues operating as a standalone company following the spin-off.
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