Q files 8-K — Item 2.02 Results of Operations

Q (ticker: Q), a $32.2B market cap semiconductor manufacturer formerly named Novus SpinCo 1 until April 2025, filed an 8-K (SEC accession number 0002058873-26-000013) disclosing Item 2.02 (Results of Operations and Financial Performance) on May 12, 2026 at 06:04:29 ET, with the full exhibit available via the provided EDGAR link.

What Was Filed

Per SEC regulations, Item 2.02 mandates immediate public disclosure of material financial results or operational performance updates, typically paired with a supporting earnings press release or supplemental financial schedules. This filing includes Exhibit 99.1, the supplemental earnings schedule referenced in accompanying public announcements, and covers the company’s most recent quarterly operating results.

The Disclosure

For semiconductor sector companies, Item 2.02 filings typically include top-line and bottom-line quarterly metrics, and may include updated annual financial guidance if the change is material to investors. Per the provided earnings history, this 8-K covers Q1 2026 results: reported total revenue of $1.315 billion, which beats the consensus analyst estimate of $1.2717 billion, while actual diluted EPS was not reported versus a consensus estimate of $0.92. The accompanying Business Wire headline notes the company raised full-year 2026 financial guidance, a common complementary disclosure tied to this item type.

Cross-Reference to Prior Signals

This earnings filing follows two high-profile recent corporate actions: first, the May 6, 2026 in-kind share grants to all named executive officers and board members, including CEO Jon D. Kemp, who received 842.9342 shares valued at $119,496 at a per-share price of $141.76, alongside four other officers receiving smaller matching grants. Second, the May 1, 2026 analyst rating distribution, which shifted one fewer Strong Buy rating (from 2 to 1) with a final split of 1 Strong Buy, 6 Buys, and 1 Hold across covered analysts. Additionally, the December 31, 2025 13F filing shows 1010 institutional holders, all of whom either opened new positions or increased existing stakes, holding 73% of the company’s outstanding float.

What This Filing Does NOT Tell Us

First, granular Q1 2026 financial breakdowns, including gross margins, operating expenses, and segment-specific revenue data, as only the supplemental schedule EDGAR link is provided without direct text disclosure. Second, the specific numerical details of the raised full-year 2026 guidance referenced in the accompanying press release, as no guidance figures are included in the filed 8-K materials. Third, the formal compensation terms tied to the May 6, 2026 in-kind share grants, as this 8-K does not include the required equity compensation plan disclosures for such executive grants.