Risk Sleuth
Q · 10-K filed 26 Feb 2026 · year to 31 Dec 2025

Qnity Electronics

28 named things its latest annual report says its results depend on, each in the company's own words. 17 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Taiwan Semiconductor Manufacturing Co. (TSMC)

earns from · 8%named as a risk
For the year ended December 31, 2025, Samsung Electronics Co., Ltd. accounted for approximately 11% of total net sales and Taiwan Semiconductor Manufacturing Company Limited accounted for approximately 8% of total net sales.Market risk (Item 7A)

Also named by ADI, ALAB, AMD, AVGO, CRWV, ENTG, FTNT, INTC and 6 more

Top 10 customers

concentrated in · 34%named as a risk
Our top ten customers accounted for 34%, 34% and 32% of our net sales in 2025, 2024 and 2023, respectively.Risk factors (Item 1A)

Also named by AESI, CLS, COR, ECG, JBHT, MTSI, MYRG, VEEV and 1 more

Samsung Electronics Co., Ltd.

earns from · 11%named as a risk
For the year ended December 31, 2025, Samsung Electronics Co., Ltd. accounted for approximately 11% of total net sales and Taiwan Semiconductor Manufacturing Company Limited accounted for approximately 8% of total net sales.Market risk (Item 7A)

Also named by IDCC, LRCX, MU, ONTO, SNDK

Partners and platforms

DuPont Intellectual Property Cross-License Agreement

depends onnamed as a risk
We are dependent to a certain extent on DuPont to prosecute, maintain, defend and enforce certain of the intellectual property licensed under our Intellectual Property Cross-License Agreement with DuPont.Risk factors (Item 1A)

DuPont Transition Services Agreements

depends onnamed as a risk
Following the cessation of the Transition Services Agreements, we will need to provide internally or obtain from unaffiliated third parties the services we will no longer receive from DuPont.Risk factors (Item 1A)

Other companies

Senior Secured Term Loan Facility

exposed to its price · $2.35 billionnamed as a risk
A fluctuation in the weighted average interest rate of 100 basis points as of December 31, 2025, would result in an increase or decrease in annual interest expense of $24 million in relation to our Senior Secured Term Loan.Market risk (Item 7A)

DuPont de Nemours, Inc.

named as a risk
In connection with the Spin-Off, we have been contractually allocated, and directly pay or indemnify DuPont for, certain liabilities, including certain PFAS liabilities.Risk factors (Item 1A)

Also named by CTVA

Semiconductor industry cycle

earns fromnamed as a risk
Our revenue is heavily dependent on demand from the global semiconductor ecosystem.Risk factors (Item 1A)

Competitors

Merck KGaA

competes with
Our most notable competitors are Entegris, Merck KGA, Resonac, Element Solutions and MKS Instruments.Business (Item 1)

Also named by ENTG

MKS Instruments

competes with
Our most notable competitors are Entegris, Merck KGA, Resonac, Element Solutions and MKS Instruments.Business (Item 1)

Also named by ESI

Entegris

competes with
Our most notable competitors are Entegris, Merck KGA, Resonac, Element Solutions and MKS Instruments.Business (Item 1)

Resonac

competes with
Our most notable competitors are Entegris, Merck KGA, Resonac, Element Solutions and MKS Instruments.Business (Item 1)

Element Solutions

competes with
Our most notable competitors are Entegris, Merck KGA, Resonac, Element Solutions and MKS Instruments.Business (Item 1)

Places

China

earns from · approximately 33% of our net salesnamed as a risk
Such risks may be especially exacerbated as they relate to China, a market that is important to our business, representing approximately 33% of our net sales for the year ended December 31, 2025.Risk factors (Item 1A)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

Asia Pacific

concentrated in · approximately 79% of our net salesnamed as a risk
Regionally, Asia Pacific represented approximately 79% of our net sales for the year ended December 31, 2025.Risk factors (Item 1A)

Also named by AIG, AVY, BLK, BNY, CCK, CL, COHR, DCI and 17 more

Taiwan

operates innamed as a risk
There is inherent risk, based on the complex relationships among China, Japan, South Korea, Taiwan and the U.S., that political, diplomatic and national security influences could lead to trade disputes, impacts and/or disruptions, in particular those affecting the semiconductor industry.Risk factors (Item 1A)

Also named by AAOI, AAPL, AB, ADI, AEHR, ALAB, AMAT, AMD and 50 more

Hazards

PFAS liabilities

named as a risk
In connection with the Spin-Off, we have been contractually allocated, and directly pay or indemnify DuPont for, certain liabilities, including certain PFAS liabilities.Risk factors (Item 1A)

Hurricanes and coastal flooding

operates innamed as a risk
Supply chain disruptions, including as a result of the relocation of certain low-cost and limited source suppliers to less-developed countries, plant and/or power outages, labor shortages and/or strikes, geopolitical activity, tariffs, weather events and natural disasters, including hurricanes or flooding that impact coastal regions, and global health risks or pandemics could seriously harm our operations as well as the operations of our customers and suppliers.Risk factors (Item 1A)

Commodities and inputs

Raw materials (polymers, resins, metals, specialty chemicals)

exposed to its price · approximately 70%named as a risk
The prices of raw materials are driven by global supply and demand and we at times have been affected by upward price pressure on the raw materials we purchase due to changes in commodity pricing.Business (Item 1)

Also named by CSL, ECL, KDP

Chinese renminbi

exposed to its pricenamed as a risk
The primary currencies for which the Company has an exchange rate exposure are the Chinese renminbi ("CNY"), Japanese yen ("JPY"), the Taiwan dollar ("TWD"), European euro ("EUR") and South Korean won ("KRW").Market risk (Item 7A)

Also named by AAOI, ALB, AOS, APD, BBW, BWA, CGNX, COHR and 15 more

Laws and programs

OECD Pillar Two global minimum tax

subject to · 15%named as a risk
The introduction of Pillar Two in countries where the Company operates has negatively impacted and may continue to negatively impact our effective tax rate.Risk factors (Item 1A)

Also named by ABNB, ACN, ADI, ADM, ADSK, AKAM, ALB, AMAT and 70 more

Inflation Reduction Act corporate alternative minimum tax

subject to · 15%named as a risk
On August 16, 2022, the Inflation Reduction Act of 2022 (the “IRA”) was enacted in the United States and imposes a 15% corporate alternative minimum tax (“CAMT”) on certain corporations.Risk factors (Item 1A)

Also named by EXE, HESM, JXN, KLAC, NRG, RRC, SO, TRGP and 2 more

Corteva Letter Agreement

subject to · $1,100,000,000named as a risk
In accordance with the terms and conditions of the Corteva Letter Agreement, in addition to the Separation and Distribution Agreement, we entered into the Legacy Liabilities Assignment Agreement pursuant to which, among other things, we are bound by, and subject to, on a partially assigned basis, certain terms and conditions of the Corteva Letter Agreement, including the same limitations on our ability to transfer to third parties or separate our businesses and assets without assigning certain Legacy Liabilities (as defined in the Corteva Letter Agreement) contractually allocated to us in connection with the Spin-Off to such separated businesses and assets or transferees or meeting certain other alternative conditions, except that the value of the Minimum EBITDA is equal to $1,100,000,000.Risk factors (Item 1A)

Also named by DD

One Big Beautiful Bill Act (OBBBA)

subject tonamed as a risk
Given the complexities of the changes and potential future clarifications of the provisions, we continue to evaluate the impact of the new legislation on future periods.Risk factors (Item 1A)

Also named by AA, ABR, ADI, ADM, ALB, AMAT, AMGN, AMKR and 121 more

U.S. export controls

subject tonamed as a risk
These restrictions may prohibit the transfer of certain of our products, services and technologies, and they may require us to obtain a license from the U.S. government before delivering the controlled item or service.Risk factors (Item 1A)

Also named by ADI, DD, FLS, FTNT, HPE, MDB, NVT, PANW and 1 more

U.S.-China trade relations

subject tonamed as a risk
Trade regulations, policies and disputes can and have increased tariffs and trade barriers, which can and have limited our ability to sell certain products to certain customers, and otherwise impacted our global supply and distribution chains and research and development activities, particularly those arising out of relations between the U.S. and China.Risk factors (Item 1A)

Also named by HLIO, ORCL

Tax Matters Agreement (DuPont)

subject tonamed as a risk
Under the Tax Matters Agreement that we entered into with DuPont, we are generally obligated to indemnify DuPont against some or all of such taxes imposed on DuPont in certain circumstances.Risk factors (Item 1A)

U.S. tariffs on imports from China and Mexico

subject tonamed as a risk
legal, tax, accounting or regulatory changes (including changes in import/export regulations and tariffs, such as regulations imposed by the U.S. government on product imports from certain countries, including China and Mexico, as well as the related trade disputes and trade barriers) or changes in the interpretation or enforcement of existing requirements;Risk factors (Item 1A)