Knowles Q3 revenue beats estimates on industrial, defense demand

By Reuters News


Overview

  • US specialty electronic components maker's Q3 revenue rose 20% yr/yr, beating analyst expectations

  • Growth driven by strong demand across Medtech, Defense, Industrial, and Electrification markets


Outlook

  • Knowles forecasts Q4 2026 revenue of $180 mln to $190 mln

  • Company expects Q4 2026 non-GAAP diluted EPS of $0.39 to $0.43

  • Company estimates 2026 full-year revenue at $689 mln, up 16% from 2025


Result Drivers

  • CUSTOM PRODUCTS & TECHNOLOGY - Co attributed Q3 growth to differentiated technologies and custom product development through customer collaboration

  • ORDER STRENGTH - Co said sustained book-to-bill ratio above one in Precision Devices segment reflected ongoing order strength

  • NEW DESIGN WINS - Co cited ramp-up of new design wins and favorable long-term trends as supporting growth


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$184 mln

$172.10 mln (4 Analysts)

Q3 EPS

$0.24

Q3 Net Earnings

$21.60 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the electronic equipment & parts peer group is "buy"

  • Wall Street's median 12-month price target for Knowles Corporation is $43.50, about 24.6% above its October 21 closing price of $34.92

  • The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 29 three months ago


Reuters Recommended Reads

  • Oct 22 - US to award $389 million in R&D funds for power semiconductors, critical materials

  • Oct 20 - Switzerland's Comet Holding Q3 sales jump on AI, semiconductor demand

  • Oct 21 - Texas Instruments Q3 revenue beats on growth in industrial, automotive, data center markets


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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