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Knowles Beats Guidance, Eyes 2027 Expansion
24 Jul
Summary
- Knowles reported Q2 revenue of $167 million, a 14% year-over-year increase.
- Precision Devices segment revenue grew 25% to $98 million, with broad market demand.
- The company secured a multi-year radar application order exceeding $15 million.
Knowles announced its second-quarter 2026 financial results, surpassing its own guidance. The company reported a 14% year-over-year increase in revenue, reaching $167 million, and a 38% rise in non-GAAP earnings per share to $0.33. Cash generated from operations was $28 million.
The Precision Devices segment was a key growth driver, with revenue up 25% to $98 million. This expansion was fueled by broad-based demand across all its end markets, including MedTech, defense, industrial, and electrification. The company highlighted specific wins, such as a multi-year order exceeding $15 million for a radar application, slated to begin shipping in 2027.
Further bolstering its future outlook, Knowles is experiencing strong industrial sales and significant traction in electrification. The company's Precision Devices segment maintained a book-to-bill ratio above 1 for the seventh consecutive quarter, indicating sustained order momentum. Management expressed optimism for continued growth in 2027 and beyond.
