Knowles reported second-quarter 2026 results with revenues of $166.8 million, a 14% year-over-year increase, and diluted EPS from continuing operations of $0.21. On a non-GAAP basis, diluted EPS from continuing operations was $0.33 and net cash provided by operating activities was $28.2 million. Management raised its 2026 revenue growth outlook to 10–12% and expects adjusted EBITDA growth of more than 20%.
Financial Highlights
- Revenues: $166.8 million for Q2 2026 (up 14% year over year)
- Gross profit: $74.6 million; gross margin 44.7% (Q2 2026)
- Operating earnings: $24.7 million for Q2 2026
- Diluted earnings per share from continuing operations (GAAP): $0.21; Non-GAAP diluted EPS from continuing operations: $0.33 for Q2 2026
- Net cash provided by operating activities: $28.2 million in Q2 2026
Business Highlights
- Total company revenue growth of 14% year over year in Q2 2026; the company noted this was the seventh consecutive quarter with book-to-bill greater than one.
- Precision Devices segment delivered year-over-year revenue growth across Medtech, Defense, Industrial, and Electrification end markets driven by technology leverage, custom product design, and scaled production.
- Bookings have increased every quarter over the past twelve months with numerous new design wins ramping across multiple end markets, supporting a healthy backlog.
- Management expects 2026 organic revenue growth of 10–12% and significant adjusted EBITDA expansion, and indicated confidence in exceeding prior 2027 organic growth targets presented at the May 2025 Investor Day.
Original SEC Filing:
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