Knowles Corp reported second-quarter 2026 results with revenue rising to $166.8M and diluted earnings per share of $0.22, driven by stronger demand and pricing in product domains including PD and hearing-health; net earnings were $19.4M for the quarter versus $7.8M a year earlier.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$166.8M$145.9M14.3% | Net income²$19.4M$7.8M148.7% | Diluted EPS³$0.22$0.09144.4% |
¹ Reported as “Revenues”. ² Reported as “Net earnings”. ³ Reported as “Diluted earnings per share”.
Business Highlights
- Revenue growth: Revenues rose 15% year-to-date (Q2) to $319.9M, led by higher demand and pricing across industrial, electrification, medtech and defense.
- Segment trends: The PD segment expanded strongly, up 21.5% YTD; MSA increased 7.4% with hearing-health volumes rising while specialty audio softened.
- Operations and margins: Improved factory utilization and PD capacity expansion (including specialty film) supported gross margin improvement.
- Cost dynamics: Increased production transfer costs for ceramic capacitors and additional headcount to support PD growth affected COGS and operating expenses.
- Corporate actions: Completed the CMM sale in December 2024 with post-close transition credits; ongoing integration of PD acquisitions and restructuring to rightsize operations.
Original SEC Filing:
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