v3.26.1
REVENUE
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
Revenue Recognition
Products
Substantially all of Qnity’s revenue is derived from product sales. Product sales consist of sales of Qnity’s products to supply manufacturers and distributors. Qnity considers purchase orders, which in some cases are governed by master supply agreements, to be a contract with a customer. Contracts with customers are considered to be short-term when the time between order confirmation and satisfaction of the performance obligations is equal to or less than one year.

Net sales to Samsung Electronics Co., Ltd accounted for 9% and 10% of total net sales for the three months ended June 30, 2026 and 2025, respectively, and 10% of total net sales for the six months ended June 30, 2026 and 2025. Additionally, net sales to Taiwan Semiconductor Manufacturing Company Limited (TSMC) accounted for 8% of total net sales for both the three months ended June 30, 2026 and 2025, and 8% of total net sales for both the six months ended June 30, 2026 and 2025. The majority of revenues for both customers relate to the Semiconductor Technologies segment.

Disaggregation of Revenue
The Company disaggregates its revenue from contracts with customers by segment and geographic region, as the Company believes it best depicts the nature, amount, timing and uncertainty of its revenue and cash flows.
Net Sales by SegmentThree Months Ended
 June 30,		Six Months Ended
June 30,
In millions2026202520262025
Semiconductor Technologies$744 $644 $1,466 $1,288 
Interconnect Solutions685 526 1,278 1,000 
Total$1,429 $1,170 $2,744 $2,288 
Net Sales by Segment by Geographic RegionThree Months Ended
 June 30,
20262025
Semiconductor TechnologiesInterconnect SolutionsTotalSemiconductor TechnologiesInterconnect SolutionsTotal
In millions
Americas:$84 $101 $185 $77 $83 $160 
United States84 88 172 76 75 151 
Other Americas 1
— 13 13 1 8 9 
EMEA 2
55 50 105 51 44 95 
Asia Pacific:605 534 1,139 516 399 915 
China195 283 478 169 219 388 
Rest of Asia Pacific:410 251 661 347 180 527 
South Korea171 31 202 147 27 174 
Taiwan156 66 222 133 44 177 
Other83 154 237 67 109 176 
Total$744 $685 $1,429 $644 $526 $1,170 
Net Sales by Segment by Geographic RegionSix Months Ended
June 30,
20262025
Semiconductor TechnologiesInterconnect SolutionsTotalSemiconductor TechnologiesInterconnect SolutionsTotal
In millions
Americas:$162 $194 $356 $143 $161 $304 
United States161 172 333 141 146 287 
Other Americas 1
1 22 23 2 15 17 
EMEA 2
106 101 207 100 87 187 
Asia Pacific:1,198 983 2,181 1,045 752 1,797 
China400 513 913 374 410 784 
Rest of Asia Pacific:798 470 1,268 671 342 1,013 
South Korea335 61 396 287 50 337 
Taiwan307 119 426 254 80 334 
Other156 290 446 130 212 342 
Total$1,466 $1,278 $2,744 $1,288 $1,000 $2,288 
1.Includes Canada and Latin America.
2.Europe, Middle East and Africa.

Contract Balances
From time to time, the Company enters into arrangements in which it receives payments from customers based upon contractual billing schedules. The Company records accounts receivables when the right to consideration becomes unconditional. Contract liabilities primarily reflect deferred revenue from advance payment for product that the Company has received from customers. The Company classifies deferred revenue as current or noncurrent based on the timing of when the Company expects to recognize revenue.

Revenue recognized from amounts included in contract liabilities at the beginning of the period were insignificant for the three and six months ended June 30, 2026 and 2025. The Company did not recognize any asset impairment charges related to contract assets during the periods. The Company will begin recognizing its deferred revenue when the project associated with the revenue that was deferred is completed and commercial production begins, currently expected in 2027.
Contract BalancesJune 30, 2026December 31, 2025
In millions
Accounts receivable - trade 1
$772 $656 
Deferred revenue - current 2
$3 $1 
Deferred revenue - noncurrent 3
$44 $46 
1.Included in "Accounts and notes receivable - net" in the interim Condensed Consolidated Balance Sheets.
2.Included in "Accrued and other current liabilities" in the interim Condensed Consolidated Balance Sheets.
3.Included in "Other noncurrent obligations" in the interim Condensed Consolidated Balance Sheets.