Qnity Electronics Inc 2025年季度报告

☑QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or QNITY ELECTRONICS, INC. (Exact name of registrant as specified in its charter) 33-3002745(I.R.S. Employer Identification No.)19805(Zip Code) Not Applicable (Former Name or Former Address, if Changed Since Last Report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of RegulationS-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).☐Yes☑ As of September 30, 2025, there was no established public market for the registrant’s common stock, par value $0.01 per share, and allof the registrant’s then outstanding shares were held by its former parent company. The registrant’s common stock began “regularway” trading on the New York Stock Exchange on November 3, 2025. The registrant had209,463,194shares of common stock, $0.01 Qnity Electronics QUARTERLY REPORT ON FORM 10-QFor the quarterly period ended September30, 2025 TABLE OF CONTENTS CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS PART I - FINANCIAL INFORMATION Item 1.Combined Financial Statements (Unaudited)Combined Statements of OperationsCombined Statements of Comprehensive Income (Loss)Condensed Combined Balance SheetsCombined Statements of Cash FlowsCombined Statements of Changes in EquityNotes to the Combined Financial Statements (Unaudited) Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations OverviewResults of OperationsSegment ResultsChanges in Financial Condition Item 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures PART II - OTHER INFORMATION Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity SecuritiesandUse of ProceedsItem 3Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.Exhibits SIGNATURES Qnity Electronics EXPLANATORY NOTE Throughout this Quarterly Report on Form 10-Q, except as otherwise noted by the context, the terms "Qnity" or "Company" usedherein mean Qnity Electronics, Inc. and its combined subsidiaries. On November 1, 2025, Qnity became an independent, publiclytraded company through the previously announced separation (the “Separation”) of the electronics business of DuPont de Nemours, CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTSThis Quarterly Report on Form 10-Q (this “Quarterly Report”) contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities ExchangeAct of 1934, as amended, regarding future events and the future results of Qnity Electronics, Inc. (“Qnity” or the “Company”) and itssubsidiaries (collectively, “we,” “us,” and “our”). In this context, forward-looking statements often address expected future businessand financial performance and financial condition, and often contain words such as “expect”, “anticipate”, “intend”, “plan”, “believe”,“seek”, “see”, “will”, “would”, “target”, “outlook”, “stabilization”, “confident”, “preliminary”, “initial”, “continue”, “may”, “could”,“project”, “estimate”, “forecast” and similar expressions and variations or negatives of these words, among others, as well as otherwords or expressions referencing future events, conditions or circumstances. All statements, other than statements of historical fact, are Forward-looking statements are not guarantees of future performance. Some of the important factors that could cause Qnity’s actualoutcomes and results to differ materially from those projected in any such forward-looking statements include, but are not limited to:the ability to realize the intended benefits of the Separation and the Distribution (as defined herein), including achievement of theintended tax treatment; contractual allocati