Q FY 2023 Earnings — Qnity Electronics, Inc. Revenue & Financial Results | Market Cap Arena

QQnity Electronics, Inc.

$24B

FY 2023 Earnings

Technology Semiconductors

Income Statement

Revenue

$4.0B-15.1% YoY

Gross Profit

$1.8B43.5% margin

Operating Income

$657M16.3% margin

Net Income

$507M12.6% margin

EPS (Diluted)

$2.42

Cash Flow

Operating Cash Flow

$882M

Free Cash Flow

$651M

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$12.5B

Total Liabilities

$1.3B

Stockholders' Equity

$10.9B

Cash & Equivalents

$139M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.0B	$4.8B	-15.1%
Gross Profit	$1.8B	$2.2B	-18.6%
Operating Income	$657M	$1.0B	-36.5%
Net Income	$507M	$774M	-34.5%