Technology
DuPont Reports Second Quarter 2026 Results
Published
3 months agoon
By
Exceeds Second Quarter 2026 Guidance
Raises Full Year 2026 Guidance
Second Quarter 2026 Highlights
Net Sales of $1.8 billion increased 4%; organic sales increased 4% versus year-ago periodGAAP Income from continuing operations of $191 million; operating EBITDA of $448 millionGAAP EPS from continuing operations of $1.37; adjusted EPS of $1.88Cash provided by operating activities from continuing operations of $400 million; transaction-adjusted free cash flow of $326 million representing 127% conversionAnnounces intent to repurchase $250 million of shares in the third quarterAnnounces the Company’s Global Industry Classification Standard (GICS) code has changed to Industrials effective July 31, 2026
WILMINGTON, Del., Aug. 4, 2026 /PRNewswire/ — DuPont (NYSE: DD) announced its financial results(1) for the second quarter ended June 30, 2026 and raised financial guidance for the full year 2026.
“We delivered another strong quarter, exceeding our financial guidance and demonstrating our focus on consistent execution” said Lori Koch, DuPont Chief Executive Officer. “Mid-single digit organic growth, strong margin expansion, coupled with robust adjusted EPS growth and free cash flow generation underscore the strength of our market-leading businesses and reflect disciplined execution of our strategic priorities, supported by our ongoing focus on excellence and productivity.”
“We are delivering on our commitments, creating value for all of our key stakeholders and further strengthening the foundation for sustainable, long-term profitable growth,” Koch concluded.
Second Quarter 2026 Consolidated Results(1)
Dollars in millions, except EPS
2Q’26
2Q’25
Change
vs. 2Q’25
Organic Sales (2)
vs. 2Q’25
Net sales
$1,819
$1,749
4 %
4 %
GAAP Income from continuing operations
$191
$24
n.m.
Operating EBITDA(2)
$448
$423
6 %
Operating EBITDA margin(2) %
24.6 %
24.2 %
40 bps
GAAP EPS from continuing operations
$1.37
$0.17
n.m.
Adjusted EPS(2)
$1.88
$1.27
48 %
Cash provided by operating activities – cont. ops.
$400
$74
n.m.
Transaction-adjusted free cash flow(2)
$326
$107
205 %
Net sales
Net sales were up 4% on a 4% increase in organic sales.4% organic sales growth in Healthcare & Water Technologies; 3% organic sales growth in Diversified Industrials.
GAAP Income from continuing operations
GAAP Income/GAAP EPS from continuing operations improved on higher segment earnings and lower interest expense and transaction costs.
Operating EBITDA
Operating EBITDA increased on organic growth and productivity.
Adjusted EPS
Adjusted EPS increased on higher segment earnings, lower net interest expense and a lower tax rate.
Cash provided by operating activities from continuing operations
Cash provided by operating activities from continuing operations in the quarter of $400 million, capital expenditures of $76 million and separation-related transaction costs and other payments of $2 million resulted in transaction-adjusted free cash flow and related conversion of $326 million and 127%, respectively.
(1)
Results and cash flows are presented on a continuing operations basis. See page 6 for further information, including the basis of presentation included in this release.
(2)
Organic sales, operating EBITDA, operating EBITDA margin, adjusted EPS, transaction-adjusted free cash flow and transaction-adjusted free cash flow conversion are non-GAAP measures and only reflect continuing operations. See page 6 for further discussion, including a definition of significant items. Reconciliation to the most directly comparable GAAP measure, including details of significant items begins on page 13 of this communication.
Second Quarter 2026 Segment Highlights
Healthcare & Water Technologies
Dollars in millions
2Q’26
2Q’25
Change
vs. 2Q’25
Organic Sales(2)
vs. 2Q’25
Net sales
$856
$817
5 %
4 %
Operating EBITDA
$258
$248
4 %
Operating EBITDA margin %
30.1 %
30.4 %
(30) bps
Net sales
Net sales increased 5% on organic sales growth of 4% and a currency benefit of 1%.Healthcare Technologies sales up mid-single digits on an organic basis on broad-based growth led by personal protection and biopharma.Water Technologies sales up low-single digits on an organic basis on continued strength in industrial water and semiconductor markets, partially offset by weakness in the Middle East.
Operating EBITDA
Operating EBITDA increased on organic growth and productivity, partially offset by growth investments.Operating EBITDA margin of 30.1% decreased 30 basis points as organic growth and productivity were more than offset by less favorable mix and growth investments.
Diversified Industrials
Dollars in millions
2Q’26
2Q’25
Change
vs. 2Q’25
Organic Sales(2)
vs. 2Q’25
Net sales
$963
$932
3 %
3 %
Operating EBITDA
$213
$199
7 %
Operating EBITDA margin %
22.1 %
21.4 %
70 bps
Net sales
Net sales increased 3% on organic sales growth in the quarter.Building Technologies sales up low-single digits on an organic basis due to growth in residential and non-residential construction markets.Industrial Technologies sales up mid-single digits on an organic basis on continued strength in aerospace coupled with growth in electric vehicle applications.
Operating EBITDA
Operating EBITDA and margin increased on organic growth, favorable mix and productivity.
2026 Financial Outlook
Dollars in millions, except EPS
2H’26E
Full Year 2026E
Net sales
$3,660 – $3,690
$7,160 – $7,190
Operating EBITDA(2)
$890 – $910
$1,750 – $1,770
Adjusted EPS(2)
$3.65 – $3.80
$7.17 – $7.32
“Our strong execution and market-driven growth continue to translate into higher earnings and free cash flow generation. As a result of our second quarter outperformance, we are again raising the midpoint of our full-year 2026 operating EBITDA guidance to approximately $1.76 billion and adjusted EPS guidance to $7.24 per share, while increasing our expectation for organic sales growth to slightly above 4%,” said Antonella Franzen, DuPont Chief Financial Officer.
“With continued strength across healthcare, industrial water, and aerospace end-markets, we expect mid-single digit organic sales growth in the second half and remain focused on driving profitable growth and value creation for shareholders.” Franzen concluded.
Conference Call
The Company will host a live webcast of its quarterly earnings conference call with investors to discuss its results and business outlook beginning today at 8:00 a.m. ET. The slide presentation that accompanies the conference call will be posted on the DuPont’s Investor Relations Events and Presentations page. A replay of the webcast also will be available on the DuPont’s Investor Relations Events and Presentations page following the live event.
About DuPont
DuPont (NYSE: DD) is a global innovation leader, providing advanced solutions that help transform industries and improve everyday life across our key markets of healthcare, water, construction, and industrial. More information about the company, its businesses and solutions can be found at www.dupont.com. Investors can access information included on the Investor Relations section of the website at investors.dupont.com.
DuPontTM and all products, unless otherwise noted, denoted with TM, SM or ® are trademarks, service marks or registered trademarks of affiliates of DuPont de Nemours, Inc.
Overview
On May 26, 2026, DuPont’s Board of Directors announced a reverse stock split of the Company’s common stock, par value $0.01 per share, at a ratio of 1-for-3, as well as a reduction in the number of authorized shares of its common stock by a corresponding ratio (the “Reverse Stock Split”), as approved by shareholders. The Reverse Stock Split became effective on June 24, 2026. All share and share-related information presented in these interim Consolidated Financial Statements has been retroactively adjusted in all periods presented to reflect the decreased number of shares resulting from the Reverse Stock Split and related impacts.
On April 1, 2026, DuPont completed the sale of the Aramids business (the “Aramids Business” and the divestiture of the Aramids Business, the “Aramids Divestiture”) to Arclin, a portfolio company of an affiliate of TJC LP for pre-tax cash proceeds of approximately $1.2 billion, subject to customary transaction adjustments, a note receivable in the principal amount of $300 million (the “Aramids Note Receivable”) and a non-controlling common equity interest (the “Aramids Equity Consideration”), valued at $325 million, in New Arclin U.S. Holding Corp., which now owns the Arclin global materials business and the Aramids Business. The financial results of the divested Aramids Business are reflected in DuPont’s interim Consolidated Financial Statements as discontinued operations, along with comparative periods.
On November 1, 2025, DuPont completed the separation of its semiconductor and interconnect solutions businesses (the “Electronics Business” and the separation of the Electronics Business, the “Electronics Separation”) into an independent public company, Qnity Electronics, Inc. (“Qnity”), by way of the distribution to DuPont’s stockholders of record as of October 22, 2025 of all the issued and outstanding common stock of Qnity on November 1, 2025 (the “Qnity Distribution”). As a result, the financial results of the divested Electronics Business are reflected in DuPont’s interim Consolidated Financial Statements as discontinued operations for all periods.
Cautionary Statement Regarding Forward-looking Statements
Certain statements in this release may be considered forward-looking statements, within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements often contain words such as “expect”, “anticipate”, “intend”, “plan”, “believe”, “seek”, “see”, “will”, “would”, “target”, “outlook”, “stabilization”, “confident”, “preliminary”, “initial”, “continue”, “may”, “could”, “project”, “estimate”, “forecast” and similar expressions and variations or negatives of these words. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements address matters that are, to varying degrees, uncertain and subject to risks, uncertainties, and assumptions, many of which are beyond DuPont’s control, that could cause actual results to differ materially from those expressed in any forward-looking statements.
Forward-looking statements are not guarantees of future results. Some of the important factors that could cause DuPont’s actual results to differ materially from those projected in any such forward-looking statements include, but are not limited to (i) the ability to realize the intended benefits of the Electronics Separation and the Qnity Distribution, including achievement of the intended tax treatment, contractual allocation to, and assumption by Qnity of certain liabilities, including certain legacy liabilities with respect to per- and polyfluoroalkyl substances (“PFAS”) and the possibility of disputes, litigation or unanticipated costs in connection with the Electronics Separation and Qnity Distribution; (ii) the impact of the Aramids Divestiture on DuPont’s balance sheet, financial condition and future results of operations; (iii) risks and costs related to the impact of the arrangement to share future eligible PFAS costs by and among DuPont, Corteva, Inc. and The Chemours Company, including the outcome of pending or future litigation related to PFAS or PFOA, which includes personal injury claims and natural resource damages claims; the extent and cost of ongoing and potential future remediation obligations; and changes in laws and regulations applicable to PFAS chemicals; (iv) the failure to realize expected benefits and effectively manage and achieve anticipated synergies and operational efficiencies in connection with the Electronics Separation, the Aramids Divestiture and completed and future, if any, divestitures, mergers, acquisitions, and other portfolio management, productivity and infrastructure actions; (v) risks and uncertainties that are outside the Company’s control but adversely impact the overall environment in which DuPont, its customers and/or its suppliers operate, including changes in economic, political, regulatory, international trade, geopolitical, military conflicts, capital markets and other external conditions, including pandemics and responsive actions, as well as natural and other disasters or weather-related events; (vi) the ability to offset increases in cost of inputs, including raw materials, energy and logistics; (vii) the risks and uncertainties associated with continuing or expanding geopolitical conflicts or trade disputes or restrictions and responsive actions, new or increased tariffs or export controls, including on exports to China of U.S.-regulated products and technology; (viii) other risks to DuPont’s business and operations, including the risk of impairment; (ix) risks and uncertainties in connection with completing the $2 billion share buyback announced on November 6, 2025, including timeline, associated costs and the possibility that the authorization may be suspended or discontinued prior to completion; (x) the ability to realize the intended benefits of the Reverse Stock Split; (xi) the impact of the invalidation of certain tariffs imposed under the International Emergency Economic Powers Act and (xii) other risk factors discussed in DuPont’s most recent annual report on Form 10-K, and subsequent quarterly reports on Form 10-Q and current reports on Form 8-K filed with the U.S. Securities and Exchange Commission.
Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business or supply chain disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on DuPont’s consolidated financial condition, results of operations, credit rating or liquidity. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. DuPont assumes no obligation to publicly provide revisions or updates to any forward-looking statements whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.
Non-GAAP Financial Measures
Unless otherwise indicated, all financial metrics presented reflect continuing operations only.
This communication includes information that does not conform to accounting principles generally accepted in the United States of America (“U.S. GAAP”) and are considered non-GAAP measures. Management uses these measures internally for planning, forecasting and evaluating the performance of the Company, including allocating resources. DuPont’s management believes these non-GAAP financial measures are useful to investors because they provide additional information related to the ongoing performance of DuPont to offer a more meaningful comparison related to future results of operations. These non-GAAP financial measures supplement disclosures prepared in accordance with U.S. GAAP, and should not be viewed as an alternative to U.S. GAAP. Furthermore, such non-GAAP measures may not be consistent with similar measures provided or used by other companies. Reconciliations for these Non-GAAP measures to U.S. GAAP are provided in the Selected Financial Information and Non-GAAP Measures starting on page 12. Non-GAAP measures included in this communication are defined below. The Company has not provided forward-looking U.S. GAAP financial measures or a reconciliation of forward-looking non-GAAP financial measures to the most comparable U.S. GAAP financial measures on a forward-looking basis because the Company is unable to predict with reasonable certainty the ultimate outcome of certain future events. These events include, among others, the impact of portfolio changes, including asset sales, mergers, acquisitions, and divestitures; contingent liabilities related to litigation, environmental and indemnifications matters; impairments and discrete tax items. These items are uncertain, depend on various factors, and could have a material impact on U.S. GAAP results for the guidance period.
Key Terms
Significant Items
Significant items are items that arise outside the ordinary course of business for the Company and includes items for nonconsolidated affiliates, that the Company’s management believes may cause misinterpretation of underlying business and investment performance, both historical and future, based on a combination of some or all of the item’s size, unusual nature and infrequent occurrence. Management classifies as significant items certain costs and expenses associated with integration and separation activities related to transformational acquisitions and divestitures as they are considered unrelated to ongoing business performance. There were no significant items associated with nonconsolidated affiliates recorded for the three and six month periods ended June 30, 2026 and June 30, 2025.
Future Reimbursable Indirect Costs
Indirect costs, such as those related to corporate and shared service functions previously allocated to the separated Electronics Business and Aramids Business, do not meet the criteria for discontinued operations and are reported within continuing operations in all respective periods presented. The Company has, is, will or expects to be reimbursed in accordance with the applicable transition service agreements (“TSAs”) for the portion of indirect costs related to activities the Company is, will or expects to undertake on a transitional basis to support a) Qnity not beyond year end 2027 for services and 2040 for site leases and, b) the Aramids Business post the Aramids Divestiture, but not beyond 2028 (such indirect costs “Future Reimbursable Indirect Costs”). Services provided and costs reimbursed in accordance with the applicable TSAs include but are not limited to, costs associated with information technology services/support, product stewardship and regulatory support, facilities services, and shared property lease costs.
Future Reimbursable Indirect Costs do not meet the criteria for discontinued operations and therefore are included in both GAAP Net Income from Continuing Operations and in GAAP Cash provided by operating activities-continuing operations for all periods presented. Future Reimbursable Indirect Costs are excluded from Adjusted Earnings, Operating EBITDA and Transaction-Adjusted Free Cash Flow, each defined below. Such indirect costs that are not subject to future reimbursement are reported within continuing operations in Corporate and are included within Adjusted Earnings, Operating EBITDA, and Cash provided by operating activities-continuing operations.
Corporate DDOB Remediation Costs
Corporate DDOB Remediation Costs are environmental remediation costs, including certain investigate, remediate and restoration costs, associated with discontinued or divested operations, businesses or product lines (“Corporate DDOB Remediation Costs”). DDOB Remediation Costs are excluded from Adjusted Earnings and Operating EBITDA, as defined below, to provide better insight into the underlying business performance of the Company.
Non-GAAP Measure Definitions
Organic Sales
Organic Sales is defined as net sales excluding the impacts of currency and portfolio.
Adjusted Earnings
Adjusted Earnings is defined as income from continuing operations excluding the after-tax impact of significant items, after-tax impact of amortization expense of intangibles, the after-tax impact of non-operating pension / other post employment benefits (“OPEB”) credits / costs, Future Reimbursable Indirect Costs and Corporate DDOB Remediation Costs.
Adjusted Earnings is the numerator used in the calculation of Adjusted EPS, as well as the denominator in Adjusted Free Cash Flow Conversion.
Adjusted EPS
Adjusted EPS is defined as Adjusted Earnings per common share – diluted. Management estimates amortization expense in 2026 associated with intangibles to be about $275 million on a pre-tax basis, or approximately $1.54 per share.
Operating EBITDA, EBITDA Margin & Incremental Margin
The Company’s measure of profit/loss for segment reporting purposes is Operating EBITDA as this is the manner in which the Company’s chief operating decision maker (“CODM”) assesses performance and allocates resources. The Company defines Operating EBITDA as earnings (i.e., “Income from continuing operations before income taxes”) before interest, depreciation, amortization, non-operating pension / OPEB benefits / charges, and foreign exchange gains / losses, excluding Future Reimbursable Indirect Costs, Corporate DDOB Remediation Costs, and adjusted for significant items. Reconciliations of these measures are provided on the following pages.
Operating EBITDA Margin is defined as Operating EBITDA divided by Net Sales.
Incremental Margin is the change in Operating EBITDA divided by the change in Net Sales for the applicable period.
Adjusted Free Cash Flow & Adjusted Free Cash Flow Conversion
Adjusted Free Cash Flow is defined as cash provided by/used for operating activities from continuing operations less capital expenditures and excluding the impact of cash inflows/outflows that are unusual in nature and/or infrequent in occurrence that neither relate to the ordinary course of the Company’s business nor reflect the Company’s underlying business liquidity. As a result, Adjusted Free Cash Flow represents cash that is available to the Company, after investing in its asset base, to fund obligations using the Company’s primary source of liquidity, cash provided by operating activities from continuing operations. Management believes Adjusted Free Cash Flow, even though it may be defined differently from other companies, is useful to investors, analysts and others to evaluate the Company’s cash flow and financial performance, and it is an integral measure used in the Company’s financial planning process. Management notes that there were no exclusions for items that are unusual in nature and/or infrequent in occurrence for the three and six month periods ended June 30, 2026.
Adjusted Free Cash Flow Conversion is defined as Adjusted Free Cash Flow divided by Adjusted Earnings. Management uses Adjusted Free Cash Flow Conversion as an indicator of our ability to convert earnings to cash.
Transaction Adjusted Free Cash Flow & Transaction Adjusted Free Cash Flow Conversion
Management believes supplemental non-GAAP financial measures including Transaction-Adjusted Free Cash Flow and Transaction-Adjusted Free Cash Flow Conversion (each defined below) provide an integral view of information on the Company’s underlying business performance during this period of transformational change. Management believes the Electronics Separation and Aramids Divestiture collectively represent a significant transformational change for the Company and separation-related transaction cost payments impact comparability to the Company’s continuing operations. Management believes Transaction-Adjusted Free Cash Flow, which may be defined differently from other companies, is useful to investors, analysts and others to evaluate the Company’s cash flow and financial performance, and it is an integral measure used in the Company’s financial planning process. These non-GAAP financial measures are not intended to represent residual cash flow for discretionary expenditures since other non-discretionary expenditures, such as mandatory debt service requirements, are not deducted from the measure.
Transaction-Adjusted Free Cash Flow is defined as cash provided by/used for operating activities from continuing operations less capital expenditures and removing the impact of separation-related transaction costs and other payment and cash inflows/outflows that are unusual in nature and/or infrequent in occurrence that neither relate to the ordinary course of the Company’s business nor reflect the Company’s underlying business liquidity.
Transaction-Adjusted Free Cash Flow Conversion is defined as Transaction-Adjusted Free Cash Flow excluding separation-related transaction costs, divided by Adjusted Earnings.
Separation-related transaction costs and other payments include cash outflows directly associated with the Electronics Separation and the Aramids Divestiture. These costs include advisor and banking fees, payments related to establishing a new capital structure (including fees associated with interest rate swaps), capital expenditures required to facilitate physical asset separation, restructuring payments associated with senior leadership, and Future Reimbursable Indirect Costs, among other expenditures.
Future Reimbursable Indirect Costs are excluded from Adjusted Earnings and Operating EBITDA. To provide comparable data analysis, the Company has also adjusted payments associated with Future Reimbursable Indirect Costs within Separation-related transaction costs and other payments. This adjustment is intended to provide insight into the Company’s underlying business performance. For the six months ended June 30, 2026, the Company adjusted $8 million associated with Future Reimbursable Indirect Costs within Separation-related transaction costs and other payments.
Additionally, $2 and $5 million were reflected in Separation-related transaction costs and other payments for the three and six month periods ended June 30, 2026, respectively, for capital expenditures incurred to complete the physical separation of shared locations.
Finally, $6 million of restructuring and short-term incentive program payments to former senior leadership were reflected in Separation-related transaction costs and other payments for the six month period ended June 30, 2026. These payments were reflected in other cash payments as they related to the establishment of the post-spin leadership structure.
DuPont de Nemours, Inc.
Consolidated Statements of Operations
Three Months Ended
June 30,
Six Months Ended
June 30,
In millions, except per share amounts (Unaudited)
2026
2025
2026
2025
Net sales
$ 1,819
$ 1,749
$ 3,500
$ 3,361
Cost of sales
1,180
1,143
2,259
2,212
Research and development expenses
42
53
89
103
Selling, general and administrative expenses
269
262
524
496
Amortization of intangibles
68
74
136
149
Restructuring and asset related (benefits) charges – net
(3)
—
43
39
Acquisition, integration and separation costs
7
55
7
105
Equity in earnings (loss) of nonconsolidated affiliates
9
9
8
(6)
Sundry income (expense) – net
42
(9)
78
91
Interest expense
41
84
81
167
Income from continuing operations before income taxes
$ 266
$ 78
$ 447
$ 175
Provision for income taxes on continuing operations
75
54
106
71
Income from continuing operations, net of tax
$ 191
$ 24
$ 341
$ 104
(Loss) income from discontinued operations, net of tax
(44)
46
(30)
(615)
Net income (loss)
$ 147
$ 70
$ 311
$ (511)
Net income attributable to noncontrolling interests
4
11
7
19
Net income (loss) available for DuPont common stockholders
$ 143
$ 59
$ 304
$ (530)
Per common share data:
Earnings per common share from continuing operations – basic
$ 1.38
$ 0.17
$ 2.45
$ 0.73
(Loss) earnings per common share from discontinued operations – basic
(0.32)
0.25
(0.22)
(4.53)
Earnings (loss) per common share – basic
$ 1.05
$ 0.42
$ 2.23
$ (3.80)
Earnings per common share from continuing operations – diluted
$ 1.37
$ 0.17
$ 2.43
$ 0.73
(Loss) earnings per common share from discontinued operations – diluted
(0.32)
0.25
(0.22)
(4.52)
Earnings (loss) per common share – diluted
$ 1.05
$ 0.42
$ 2.22
$ (3.79)
Weighted-average common shares outstanding – basic
135.9
139.6
136.3
139.6
Weighted-average common shares outstanding – diluted
136.8
139.9
137.2
139.9
DuPont de Nemours, Inc.
Condensed Consolidated Balance Sheets
In millions, except share amounts (Unaudited)
June 30, 2026
December 31, 2025
Assets
Current Assets
Cash and cash equivalents
$ 1,740
$ 715
Restricted cash and cash equivalents
42
42
Accounts and notes receivable – net
1,751
1,669
Inventories
1,210
1,172
Prepaid and other current assets
113
121
Assets of discontinued operations
—
1,856
Total current assets
$ 4,856
$ 5,575
Property, plant and equipment – net of accumulated depreciation (June 30,
2026 – $3,694; December 31, 2025 – $3,565)
3,379
3,464
Other Assets
Goodwill
7,840
7,915
Other intangible assets
2,789
2,936
Investments and noncurrent receivables
981
432
Deferred income tax assets
221
282
Deferred charges and other assets
995
971
Total other assets
$ 12,826
$ 12,536
Total Assets
$ 21,061
$ 21,575
Liabilities and Equity
Current Liabilities
Short-term borrowings
$ —
$ 60
Accounts payable
978
995
Income taxes payable
53
54
Accrued and other current liabilities
970
882
Liabilities of discontinued operations
—
314
Total current liabilities
$ 2,001
$ 2,305
Long-Term Debt
3,125
3,134
Other Noncurrent Liabilities
Deferred income tax liabilities
295
405
Pension and other post-employment benefits – noncurrent
400
432
Other noncurrent obligations
1,359
1,196
Total other noncurrent liabilities
$ 2,054
$ 2,033
Total Liabilities
$ 7,180
$ 7,472
Commitments and contingent liabilities
Stockholders’ Equity
Common stock (authorized 555,555,556 shares of $0.01 par value each;
issued 2026: 135,038,855 shares; 2025: 136,398,482 shares)
1
1
Additional paid-in capital
$ 38,710
38,721
Accumulated deficit
(24,326)
(24,278)
Accumulated other comprehensive loss
(616)
(525)
Total DuPont stockholders’ equity
$ 13,769
$ 13,919
Noncontrolling interests
112
184
Total equity
$ 13,881
$ 14,103
Total Liabilities and Equity
$ 21,061
$ 21,575
DuPont de Nemours, Inc.
Consolidated Statement of Cash Flows
Six Months Ended June 30,
In millions (Unaudited)
2026
2025
Operating Activities
Net income (loss)
$ 311
$ (511)
Loss from discontinued operations
(30)
(615)
Net income from continuing operations
$ 341
$ 104
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
309
326
Credit for deferred income tax and other tax related items
45
9
(Earnings) losses of nonconsolidated affiliates (in excess of) less than dividends received
(6)
7
Net periodic pension benefit costs
6
2
Periodic benefit plan contributions
(28)
(23)
Restructuring and asset related charges – net
43
39
Interest rate swap gain
—
(51)
Stock based compensation
27
22
Donatelle contingent earn-out true-up
(14)
(12)
Other net (income) loss
(2)
16
Changes in assets and liabilities, net of effects of acquired and divested companies:
Accounts and notes receivable
(88)
(213)
Inventories
(29)
(51)
Accounts payable
92
(19)
Other assets and liabilities, net
(64)
(5)
Cash provided by operating activities – continuing operations
$ 632
$ 151
Investing Activities
Capital expenditures
(178)
(172)
Proceeds and adjustments to proceeds from sales of businesses, net of cash divested
1,158
—
Other investing activities, net
9
7
Cash provided by (used for) investing activities – continuing operations
$ 989
$ (165)
Financing Activities
Changes in short-term borrowings
(60)
—
Purchases of common stock and forward contracts
(275)
—
Proceeds from issuance of Company stock
107
4
Employee taxes paid for share-based payment arrangements
(22)
(22)
Distributions to noncontrolling interests
(11)
(5)
Dividends paid to stockholders
(163)
(343)
Other financing activities, net
(1)
(7)
Cash used for financing activities – continuing operations
$ (425)
$ (373)
Cash Flows from Discontinued Operations
Cash (used for) provided by operations – discontinued operations
(158)
540
Cash used for investing activities – discontinued operations
(6)
(193)
Cash used for financing activities – discontinued operations
(3)
(17)
Cash (used for) provided by discontinued operations
$ (167)
$ 330
Effect of exchange rate changes on cash, cash equivalents and restricted cash
(7)
44
Increase (decrease) in cash, cash equivalents and restricted cash
$ 1,022
$ (13)
Cash, cash equivalents and restricted cash from continuing operations, beginning of period
757
1,834
Cash, cash equivalents and restricted cash from discontinued operations, beginning of period
3
58
Cash, cash equivalents and restricted cash at beginning of period
$ 760
$ 1,892
Cash, cash equivalents and restricted cash from continuing operations, end of period
1,782
1,817
Cash, cash equivalents and restricted cash from discontinued operations, end of period
—
62
Cash, cash equivalents and restricted cash at end of period
$ 1,782
$ 1,879
DuPont de Nemours, Inc.
Select Segment Information and Non-GAAP Measures
Net Sales by Segment
Three Months Ended
Six Months Ended
In millions (Unaudited)
Jun 30, 2026
Jun 30, 2025
Jun 30, 2026
Jun 30, 2025
Healthcare & Water Technologies
$ 856
$ 817
$ 1,662
$ 1,580
Diversified Industrials
963
932
1,838
1,781
Total
$ 1,819
$ 1,749
$ 3,500
$ 3,361
Net Sales Variance by Segment
Three Months Ended June 30, 2026
Organic Sales
Currency
Portfolio / Other
Total
Percent change from prior year (Unaudited)
Healthcare & Water Technologies
4 %
1 %
— %
5 %
Diversified Industrials
3
—
—
3
Total
4 %
— %
— %
4 %
Net Sales Variance by Segment
Six Months Ended June 30, 2026
Organic Sales
Currency
Portfolio / Other
Total
Percent change from prior year (Unaudited)
Healthcare & Water Technologies
3 %
2 %
— %
5 %
Diversified Industrials
2
1
—
3
Total
3 %
1 %
— %
4 %
Operating EBITDA by Segment
Three Months Ended
Six Months Ended
In millions (Unaudited)
Jun 30, 2026
Jun 30, 2025
Jun 30, 2026
Jun 30, 2025
Healthcare & Water Technologies
$ 258
$ 248
$ 502
$ 471
Diversified Industrials
213
199
413
384
Corporate 1
(23)
(24)
(53)
(72)
Total
$ 448
$ 423
$ 862
$ 783
1.
Corporate includes expenses of the Corporate function not allocated to specific business in the Company.
Equity in Earnings (Loss) of Nonconsolidated Affiliates by Segment
Three Months Ended
Six Months Ended
In millions (Unaudited)
Jun 30, 2026
Jun 30, 2025
Jun 30, 2026
Jun 30, 2025
Healthcare & Water Technologies
$ 1
$ —
$ 2
$ —
Diversified Industrials
—
—
(1)
—
Corporate 1
8
9
7
(6)
Total equity earnings (loss) included in operating EBITDA (GAAP)
$ 9
$ 9
$ 8
$ (6)
1.
Corporate includes the equity interest acquired in the Delrin® Divestiture transaction.
DuPont de Nemours, Inc.
Selected Financial Information and Non-GAAP Measures
Reconciliation of “Income from continuing operations, net of tax” to
“Operating EBITDA”
Three Months Ended
Six Months Ended
In millions (Unaudited)
Jun 30, 2026
Jun 30, 2025
Jun 30, 2026
Jun 30, 2025
Income from continuing operations, net of tax (GAAP)
$ 191
$ 24
$ 341
$ 104
+ Provision for income taxes on continuing operations
75
54
106
71
Income from continuing operations before income taxes
$ 266
$ 78
$ 447
$ 175
+ Depreciation and amortization
154
166
309
326
– Interest income 1, 2
24
18
34
35
+ Interest expense 3
41
84
81
166
– Non-operating pension/OPEB benefit (costs) credits 1
(1)
—
(1)
2
– Foreign exchange gains (losses), net 1
4
(14)
14
(17)
+ Future Reimbursable Indirect Costs
—
25
8
50
+ Corporate DDOB Remediation Costs
6
2
10
5
– Significant items charge
(8)
(72)
(54)
(81)
Operating EBITDA (non-GAAP)
$ 448
$ 423
$ 862
$ 783
1.
Included in “Sundry income (expense) – net”.
2.
The three and six months ended June 30, 2026 and 2025 excludes accrued interest income earned on employee retention credits. Refer to details of significant items on page 14.
3.
The six months ended June 30, 2025 excludes interest rate swap basis amortization. Refer to details of significant items on page 14.
Reconciliation of “Cash provided by operating activities – continuing
operations” to Adjusted Free Cash Flow 1 , Transaction-Adjusted Free
Cash Flow1 and calculation of “Adjusted Free Cash Flow Conversion”
and “Transaction-Adjusted Free Cash Flow Conversion”
Three Months Ended
Six Months Ended
In millions (Unaudited)
Jun 30, 2026
Jun 30, 2025
Jun 30, 2026
Jun 30, 2025
Cash provided by operating activities (GAAP) 2 – continuing operations
$ 400
$ 74
$ 632
$ 151
Capital expenditures
(76)
(50)
(178)
(172)
Adjusted free cash flow (non-GAAP)
$ 324
$ 24
$ 454
$ (21)
Separation-related transaction cost and other payments3
2
83
19
136
Transaction-adjusted free cash flow (non-GAAP)
$ 326
$ 107
$ 473
$ 115
Adjusted earnings (non-GAAP) 4
$ 257
$ 177
$ 483
$ 331
Adjusted free cash flow conversion (non-GAAP)
126 %
14 %
94 %
(6) %
Transaction-adjusted free cash flow conversion (non-GAAP)
127 %
60 %
98 %
35 %
1
Adjusted Free Cash Flow and Transaction-Adjusted Free Cash Flow are calculated on a continuing operations basis for all periods presented. Refer to the definitions of Non-GAAP metrics on pages 7-8 for additional information.
2
Refer to the Consolidated Statement of Cash Flows included in the schedules above for major GAAP cash flow categories as well as further detail relating to the changes in “Cash provided by operating activities – continuing operations” for the six month periods noted.
3
Other payments for the three months ended June 30, 2026 includes $2 million related of separation-related capital expenditures. Other payments for the six months ended June 30, 2026 includes $5 million of separation-related capital expenditures, $6 million related to restructuring and short-term incentive program payments associated with former senior leadership, and $8 million for Future Reimbursable Indirect Costs (as defined in our Non-GAAP definitions).
4
Refer to page 14 for the Non-GAAP reconciliations of Net income from continuing operations available for DuPont common stockholders to Adjusted Earnings (Non-GAAP).
DuPont de Nemours, Inc.
Selected Financial Information and Non-GAAP Measures
Significant Items Impacting Results for the Three Months Ended June 30, 2026
In millions, except per share amounts (Unaudited)
Pretax 1
Net
Income 2
EPS 3
Income Statement Classification
Reported earnings (GAAP)
$ 266
$ 187
$ 1.37
Less: Significant items
Acquisition, integration & separation costs
(7)
(5)
(0.04)
Acquisition, integration and separation costs
Restructuring and asset related benefits – net
3
—
—
Restructuring and asset related charges – net
Other benefits (credits), net 4
(4)
(3)
(0.02)
Sundry income (expense) – net; Selling, general and administrative expenses
Income tax items 5
—
(3)
(0.02)
Provision for income taxes on continuing operations
Total significant items
$ (8)
$ (11)
$ (0.08)
Less: Amortization of intangibles
(68)
(53)
(0.39)
Amortization of intangibles
Less: Non-op pension / OPEB benefit costs
(1)
(1)
(0.01)
Sundry income (expense) – net
Less: Corporate DDOB remediation costs
(6)
(5)
(0.03)
Selling, general and administrative expenses
Adjusted earnings (non-GAAP)
$ 349
$ 257
$ 1.88
Significant Items Impacting Results for the Three Months Ended June 30, 2025
In millions, except per share amounts (Unaudited)
Pretax 1
Net
Income 2
EPS 3
Income Statement Classification
Reported earnings (GAAP)
$ 78
$ 24
$ 0.17
Less: Significant items
Acquisition, integration and separation costs
(55)
(46)
(0.32)
Acquisition, integration and separation costs
Restructuring and asset related benefits – net
—
1
—
Restructuring and asset related charges – net
Interest rate swap mark-to-market loss 6
(27)
(21)
(0.15)
Sundry income (expense) – net
Other benefits (credits), net 7
10
8
0.06
Sundry income (expense) – net
Income tax items 8
—
(18)
(0.13)
Provision for income taxes on continuing operations
Total significant items
$ (72)
$ (76)
$ (0.54)
Less: Amortization of intangibles
(74)
(58)
(0.42)
Amortization of intangibles
Less: Non-op pension / OPEB benefit credits
—
—
—
Sundry income (expense) – net
Less: Future reimbursable indirect costs
(25)
(19)
(0.14)
Selling, general and administrative expenses
Less: Corporate DDOB remediation costs
(2)
—
—
Selling, general and administrative expenses
Adjusted earnings (non-GAAP)
$ 251
$ 177
$ 1.27
1.
Income (loss) from continuing operations before income taxes.
2.
Net income (loss) from continuing operations available for DuPont common stockholders. The income tax effect on significant items was calculated based upon the enacted tax laws and statutory income tax rates applicable in the tax jurisdiction(s) of the underlying non-GAAP adjustment.
3.
Earnings (loss) per common share from continuing operations – diluted.
4.
Includes benefits related to an adjustment of the Donatelle contingent earn-out liability ($8 million pre-tax benefit) and legal costs within the Healthcare & Water Technologies segment associated with a pending intellectual property matter ($7 million pre-tax cost), and legal costs associated with personal injury cases associated with Corian® Quartz, a product within the Diversified Industrials segment ($8 million pre-tax cost).
5.
Reflects the net impact of a valuation allowance release in Europe and a deferred tax asset reversal in the U.S.
6.
The three months ended June 30, 2025 includes non-cash mark-to-market loss related to the 2022 Swaps and 2024 Swaps and the interest settlement loss on the 2022 Swaps.
7.
Reflects the accrued interest earned on employee retention credits ($3 million pre-tax benefit), benefits related to an adjustment of the Donatelle contingent earn-out liability ($12 million pre-tax benefit) and legal costs within the Healthcare & Water Technologies segment associated with a pending intellectual property matter ($5 million pre-tax cost).
8.
Reflects the income tax impact of certain internal restructurings related to the Electronics Separation.
DuPont de Nemours, Inc.
Selected Financial Information and Non-GAAP Measures
Significant Items Impacting Results for the Six Months Ended June 30, 2026
In millions, except per share amounts (Unaudited)
Pretax 1
Net
Income 2
EPS 3
Income Statement Classification
Reported earnings (GAAP)
$ 447
$ 334
$ 2.43
Less: Significant items
Acquisition, integration & separation costs
(7)
(5)
(0.04)
Acquisition, integration and separation costs
Restructuring and asset related charges – net
(43)
(36)
(0.26)
Restructuring and asset related charges – net
Other benefits (credits), net 4
(4)
(3)
(0.02)
Sundry income (expense) – net; Selling, general and administrative expenses
Income tax items 5
—
15
0.11
Provision for income taxes on continuing operations
Total significant items
$ (54)
$ (29)
$ (0.21)
Less: Amortization of intangibles
(136)
(105)
(0.77)
Amortization of intangibles
Less: Non-op pension / OPEB benefit costs
(1)
(1)
(0.01)
Sundry income (expense) – net
Less: Future reimbursable indirect costs
(8)
(6)
(0.04)
Selling, general and administrative expenses
Less: Corporate DDOB remediation costs
(10)
(8)
(0.06)
Selling, general and administrative expenses
Adjusted earnings (non-GAAP)
$ 656
$ 483
$ 3.52
Significant Items Impacting Results for the Six Months Ended June 30, 2025
In millions, except per share amounts (Unaudited)
Pretax 1
Net
Income 2
EPS 3
Income Statement Classification
Reported earnings (GAAP)
$ 175
$ 102
$ 0.73
Less: Significant items
Acquisition, integration and separation costs
(105)
(89)
(0.63)
Acquisition, integration and separation costs
Restructuring and asset related charges – net
(39)
(32)
(0.23)
Restructuring and asset related charges – net
Interest rate swap mark-to-market loss 6
50
39
0.28
Sundry income (expense) – net; Interest expense
Other benefits (credits), net 7
13
11
0.08
Sundry income (expense) – net
Income tax items 8
—
(2)
(0.02)
Provision for income taxes on continuing operations
Total significant items
$ (81)
$ (73)
$ (0.52)
Less: Amortization of intangibles
(149)
(117)
(0.84)
Amortization of intangibles
Less: Non-op pension / OPEB benefit credits
2
2
0.01
Sundry income (expense) – net
Less: Future reimbursable indirect costs
(50)
(39)
(0.28)
Selling, general and administrative expenses
Less: Corporate DDOB remediation costs
(5)
(2)
(0.01)
Selling, general and administrative expenses
Adjusted earnings (non-GAAP)
$ 458
$ 331
$ 2.37
1.
Income (loss) from continuing operations before income taxes.
2.
Net income (loss) from continuing operations available for DuPont common stockholders. The income tax effect on significant items was calculated based upon the enacted tax laws and statutory income tax rates applicable in the tax jurisdiction(s) of the underlying non-GAAP adjustment.
3.
Earnings (loss) per common share from continuing operations – diluted.
4.
Reflects the accrued interest earned on employee retention credits ($3 million pre-tax benefit), benefits related to an adjustment of the Donatelle contingent earn-out liability ($14 million pre-tax benefit), legal costs within the Healthcare & Water Technologies segment associated with a pending intellectual property matter ($10 million pre-tax cost), and legal costs associated with personal injury cases associated with Corian® Quartz, a product within the Diversified Industrials segment ($11 million pre-tax cost).
5.
Reflects the 2026 income tax benefit primarily the result of a discrete tax benefit relating to a change in tax classification of a non-U.S. legal entity ($20 million pre-tax benefit).
6.
The six months ended June 30, 2025 includes non-cash mark-to-market gain related to the 2022 Swaps and 2024 Swaps and the interest settlement loss on the 2022 Swaps. The six months ended June 30, 2025 also includes basis amortization on the 2022 Swaps ($1 million pre-tax, reflected in “Interest expense” within the Consolidated Statements of Operations).
7.
Reflects the accrued interest earned on employee retention credits ($6 million pre-tax benefit), benefits related to an adjustment of the Donatelle contingent earn-out liability ($12 million pre-tax benefit), legal costs within the Healthcare & Water Technologies segment associated with a pending intellectual property matter ($5 million pre-tax cost).
8.
Reflects the income tax impact of certain internal restructurings related to the Electronics Separation.
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SOURCE DuPont
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Trip.com Turns Up the Savings this November with Mega Deals on Flights, Hotels and More in Australia
Published
7 minutes agoon
November 9, 2026By
From $29 domestic flights to half-price hotel deals, Trip.com’s November Mega Sale brings a month of travel bargains across 11.11 and Black Friday
SYDNEY, Nov. 9, 2026 /PRNewswire/ — November isn’t just for shopping carts – it’s for packing suitcases for Christmas too! Trip.com is giving Aussie travellers plenty of reasons to plan their next getaway, with its Black Friday Mega Sale bringing together a line-up of travel deals across 11.11 and Black Friday.
From bargain airfares to hotel steals and discounted travel experiences, Trip.com is packing November with deals worth setting an alarm for. Kicking off the shopping festivities, the sale will feature two major flash sale days on 10 and 11 November, with domestic flights from just $29, Bali flights from $109, 4-star Bali hotels from $19 a night, and even $1 eSIMs. More deals will follow on 27 November for Black Friday.
Closer to home, travellers can also enjoy exclusive deals at the Currumbin Wildlife Sanctuary in Gold Coast, including $20 off Koala Connection Experiences and 50% off Astra Lumina tickets.
10 November: Flights Take Centre Stage
The savings take off on 10 November, with a series of limited-time flight offers dropping throughout the day.
Deals dropping at 12pm AEDT:
Deals
Offer
Domestic flights
From $29
International flights
Bali from $109Ho Chi Minh City from $149One-way flight to Guangzhou from $109 (exclusively with
China Southern Airlines)One-way flights from Sydney or Melbourne to Shanghai or
Chengdu from $189
New Zealand flights
Up to 10% off (capped at $85)
Flight promo codes
Up to 50% off (capped at $100)Up to 25% off (capped at $50) [Note: restricted to a
minimum of 2 passengers and return flights only]Up to 15% off (capped at $25)
Airline coupons
Up to $200 off with participating airlines, including Jetstar, Virgin
Australia, Qantas, Sichuan Airlines, Fiji Airways, Singapore Airlines
and Philippine Airlines, and more
Australian airport promo codes
Up to $100 off for Perth Airport
Note: Flight offers are for eligible departures from Australian cities, subject to applicable terms and conditions.
More flight savings will be released later in the day:
2pm: 5% off flights promo codes (capped at $25)6pm: Tiered flight promo codes offering up to $100 off, depending on booking value
11 November: Hotels, Attractions and More Join the Sale
On 11 November, the spotlight shifts to accommodation and experiences, with savings on hotels in Australia and overseas, alongside attractions, transport and travel essentials.
Deals dropping at 12pm AEDT:
Deals
Offer
Hotel promo codes
Up to 50% off (capped at $100) and up to 15% off
(capped at $50) on all hotels
Australia and New Zealand hotels
Up to 25% off (capped at $50)
Japan hotels
Up to 20% off (capped at $50)
International hotel flash sales
5-star hotels in Bangkok from $49/night4-star hotels in Bali from $19/night4-star hotels in China from $79/night4-star hotels in Japan from $59/night4-star hotels in Melbourne from $89/night
Note: Hotel promo codes require a minimum two-night stay, while hotel flash sale prices are limited to a maximum of two nights per hotel per user, subject to availability.
More deals will drop at 2pm, including:
$1 eSIMs in a limited-time flash saleUniversal Studios Japan: Buy one, get one on selected 1-Day Pass offersShanghai Disneyland: Up to 50% off selected flash sale offersChina train tickets: Up to 90% off promo codesCar hire: Up to 50% off promo codesInternational and domestic hotels: 5% off promo code, capped at $15
At 6pm, tiered hotel promo codes offering up to $100 off eligible bookings will also be available.
27 November: Black Friday Brings Another Wave of Travel Deals
The November savings don’t end with 11.11. On 27 November, Trip.com will bring back popular deals, including domestic flights from $29, international flights to Bali from $109, Ho Chi Minh City from $149, alongside hotel promo codes of up to 50% off (capped at $100).
Travellers can also look forward to up to 50% off flight promo codes (capped at $100), up to $200 off airline coupons with participating carriers, $1 eSIMs, and discounts of up to 50% on car hire and up to 20% on airport transfers.
Family Fun with Exclusive Currumbin Wildlife Sanctuary Deals
Trip.com has partnered with Currumbin Wildlife Sanctuary – one of Gold Coast’s iconic attractions – to offer an exclusive $20 off Koala Connection Experiences, with admission and encounter tickets from $69 for children and $89 for adults. Visitors can explore a purpose-built koala habitat, learn about its koalas from a keeper and take home a memorable photo. Named among Trip.com’s 2026 Global 100 Family-Friendly Attractions, the sanctuary will also offer 50% off Astra Lumina tickets (including general admission) during the 11.11 and Black Friday sales, for visits up to 19 December 2026.
Terms and Conditions apply. All promotional offers are available on a first-come, first-served basis within the specified period and while stocks last. Please note that all deals are in AEDT time.
For more information, please visit https://au.trip.com/.
About Trip.com
Trip.com is an international one-stop travel service provider, available in 27 languages across 48 countries and regions in 44 local currencies. Offering an extensive hotel and flight network of more than 1.7 million hotels and flights from over 680 airlines, along with over 350,000 in-destination activities, Trip.com covers 3,500 airports in 220 countries and regions. Trip.com‘s world-class 24/7 multilingual customer service helps to ‘create the best travel experience’ for its millions of customers worldwide. To book your next trip, visit Trip.com.
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SOURCE Trip.com
Technology
LG ELECTRONICS EARNS FIRST ASIL D PRODUCT CERTIFICATION FOR AUTOMOTIVE CENTRAL GATEWAY SYSTEM
Published
7 minutes agoon
November 9, 2026By
TÜV Rheinland’s First ASIL D Product Certification in the Central Gateway System Category Validates LG’s Functional Safety Capabilities
News Summary
LG Electronics has earned its first ISO 26262 ASIL D product certification for its automotive central gateway system. It is also the first ASIL D product certification TÜV Rheinland has issued in this category.The certification builds on LG’s ISO 26262 process certification in 2017 and ASIL B product certification in 2021, demonstrating the company’s ability to meet the highest functional safety requirements at the product level.The independent validation is expected to strengthen automakers’ confidence in LG and enhance its competitiveness in future vehicle platform programs, as the company extends its expertise to next-generation communication control systems, gateways and domain controllers.
SEOUL, South Korea, Nov. 8, 2026 /PRNewswire/ — LG Electronics (LG) has earned its first ISO 26262 Automotive Safety Integrity Level D (ASIL D) product certification for its automotive central gateway system, developed as the central communication unit (CCU) 2.0 for the Genesis GV90. The certification, awarded by global testing and certification body TÜV Rheinland, is also the first ASIL D product certification the organization has issued in the automotive central gateway system category.*
Under ISO 26262, ASILs range from A to D based on the severity of potential harm, exposure to hazardous situations and controllability of the resulting risks. ASIL D, the highest level, requires the most stringent measures to prevent and mitigate safety-related failures. As part of the certification process, TÜV Rheinland comprehensively assessed LG’s development processes, design documentation and verification results, confirming the system’s compliance with applicable ASIL D requirements.
From Certified Processes to ASIL D-Certified Products
The certification is the latest step in LG’s efforts to advance its functional safety capabilities. The company obtained ISO 26262 process certification for its automotive development framework in 2017, followed by ASIL B product certification for its advanced driver assistance system (ADAS) front camera module in 2021. Achieving ASIL D at the product level demonstrates LG’s ability to apply the highest functional safety requirements across the design, implementation and verification of an automotive product.
For global automakers, this independent, product-level validation offers further assurance of LG’s ability to deliver safety-critical automotive systems. It is also expected to enhance the company’s competitiveness in future vehicle platform programs.
Functional Safety Embedded in System Operations
LG’s central gateway system serves as the hub for vehicle communications, connecting electronic control units (ECUs) and managing data exchange across in-vehicle and external networks. When routing data over controller area network (CAN) and Ethernet interfaces, the system is designed to accurately transmit safety-related messages, detect routing malfunctions and relay relevant fault information to other ECUs.
The system also incorporates functional safety measures for over-the-air (OTA) software updates. These measures help prevent unintended updates and maintain safe control of vehicle start-up during updates and rollbacks. In addition, the system supports connected car services, features on demand and system diagnostics, along with cybersecurity functions such as intrusion monitoring and certificate-based authentication.
Strengthening Competitiveness for Future AIDV Platforms
As the automotive industry transitions toward AI-defined vehicles (AIDVs), central gateway systems are taking on a larger role. They manage communications across vehicle networks, enable OTA updates and support connected services, which makes functional safety increasingly critical.
The expertise LG gained through this project is applicable to other safety-critical automotive systems. That expertise spans functional safety development processes, design and verification methodologies, and certification. These capabilities lay the groundwork for LG to develop a broader range of automotive components, including next-generation communication control systems, gateways and domain controllers.
“Earning our first ASIL D product certification is a significant milestone for LG,” said Lee Sang-yong, head of the VS R&D Laboratory at the LG Vehicle Solution Company. “It reflects our progress from establishing certified functional safety processes to implementing and verifying the highest-level safety requirements in an automotive product. We will build on this accomplishment to strengthen automakers’ confidence in LG and advance next-generation solutions for the AIDV era.”
* Based on TÜV Rheinland’s certification records as of November 2026
# # #
About LG Electronics Vehicle Solution Company
The LG Vehicle Solution Company (VS) is bringing LG’s unique mobility innovations to the automotive industry. As a trusted and innovative partner, the company provides intelligent solutions including head units, displays, connectivity, ADAS vision systems, and software solutions integrating human-centered AI and automotive engineering into the modern AI/software-defined vehicle. Committed to “Driving better future mobility,” the company has diversified its portfolio to further strengthen its capabilities, including automotive lighting systems, e-powertrain and cybersecurity. For more information, visit www.LG.com/global/mobility. To stay updated with the latest news, subscribe to the LG mobility newsletter, LG Loop at www.LG.com/global/mobility/newsletter and follow the LG VS Company LinkedIn channel at www.linkedin.com/company/lgvehiclesolution.
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Technology
Global Validation First: How CrossHub Is Building Trust to Scale Overseas
Published
8 minutes agoon
November 9, 2026By
SEOUL, South Korea, Nov. 9, 2026 /PRNewswire/ — For startups entering foreign markets, proving their technology and turning it into real business is an uphill battle. They must navigate local regulations, understand market demand and win the trust of companies wary of adopting new technology. CrossHub, a developer of identity verification and payment solutions, is tackling these hurdles by running proofs of concept (PoCs) with overseas partners, building a track record, and converting those references into field deployments and partnerships with financial institutions.
A voice authentication pilot in Singapore’s healthcare sector shows how CrossHub is testing the real-world potential of its technology abroad. This year, the company signed a non-disclosure agreement (NDA) with Singapore’s National Healthcare Group Diagnostics (NHGD) and is currently running a PoC. Last month, it completed an on-site demonstration ahead of the service launch.
In Singapore, patients must state their name and address by voice before seeing a doctor. Until now, staff have manually checked whether the information matched the patient. CrossHub is addressing this with V-Pay, a voice authentication solution that analyzes a speaker’s voice to confirm their identity.
“If this moves to a full contract, we’ll have the opportunity to use voice data from northern Singapore,” said Kim Dong-ju, team lead at CrossHub. “We believe the technology can be applied not only to healthcare but to other industries as well.”
CrossHub is investing heavily in overseas pilots because earning the trust of adopting companies matters as much as technical performance. Businesses considering identity verification technology need proven cases that demonstrate not only accuracy and convenience but also security and data protection. In tightly regulated industries such as finance, a startup’s pitch alone rarely leads to adoption.
“Startups offer innovative technology, but traditional industries are reluctant to adopt it,” Kim explained. “They demand safety and references, so we decided to solve that problem overseas first.”
CrossHub has validated its technology through a range of PoCs with partners including French security firm Thales. Building on that, it has begun collaborating with Korean financial institutions such as Woori Bank, Samsung Card, Woori Card and Hana Bank—leveraging its overseas track record as a foundation for partnerships at home.
The company was born out of the frustrations foreign tourists face with Korea’s digital services. Many major Korean apps require mobile phone-based identity verification, making it difficult for short-term visitors without a Korean phone number to use services such as Kakao T or Baemin. CrossHub set out to solve this by developing passport-based identity verification.
Its core technologies are self-sovereign identity (SSI) and zero-knowledge proofs (ZKP). SSI lets users manage their own identity rather than having personal data stored by individual services, while ZKP allows users to prove a necessary fact without disclosing the underlying personal information. CrossHub combines the two to verify identity while minimizing the storage and exposure of personal data.
The company is now expanding from identity verification into payments and remittances. Travel Pass, an integrated payment and travel platform for foreign visitors to Korea, is being developed with Woori Bank. It aims to help tourists pay for goods and access transportation and tourism services in Korea. In September, CrossHub broadened the service’s reach by signing an integration and sales agreement for transportation and tourism products with Japanese travel platform Linktivity.
CrossHub is also exploring opportunities in cross-border remittance. Under a project commissioned by the Korea Internet & Security Agency (KISA), it is developing a stable-token remittance solution based on cross-border API connections, with plans to link Korean and Vietnamese banks.
Kim expects blockchain to become less of a standalone industry and more of a foundational technology that enhances fields such as artificial intelligence (AI), quantum technology and AI agents. Beyond technical maturity, he stressed, what matters is securing services and markets that users find easy to adopt.
CrossHub tailors its approach to each overseas market. Japan’s regulatory environment resembles Korea’s, but market entry and building trust take time. Singapore, with its advanced financial services and relatively active collaboration between startups and corporates, is being positioned as a hub for pilots and commercialization. The company plans to expand technology validated in Singapore into Europe and North America, with North America as its long-term target market.
Product development continues on an annual cycle. CrossHub launched its identity verification solution IDBlock in 2024, followed by the payment solution B-Pay in 2025. This year it introduced V-Pay, featuring voice authentication, and it is developing another product slated for release in 2027. The company accumulates technology from identity verification to payments and voice authentication, then turns it into real business.
CrossHub has also broadened its investor base. In 2025, it raised funding from four accelerators, and all four returned as follow-on investors in its recently closed round. Two banks and a government institution also participated.
Support from SVC has aided its global expansion. CrossHub uses SVC as a base for Travel Pass, one of its flagship services. Located near Hongdae, the space allows the team to engage directly with tourists and better understand the needs of foreign visitors to Seoul. Networking through support programs, along with meeting rooms, conference spaces and other facilities, has also helped drive the business forward.
“Since moving into SVC, our global networking has grown, expanding our reach from about 20 countries last year to about 40 this year,” Kim said. “The diverse networks and support programs have helped us scale the business.”
CrossHub plans to convert the partnerships and validation cases it has secured abroad into actual contracts and service operations, and then extend them to other countries and industries. “Our strength is that we build up and expand our technology every year and commercialize it,” Kim said. “We aim to grow into a technology-driven fintech company.”
The company is also a resident of SVC Seoul, a global startup hub in Seoul’s Hongdae area. The hub was established to connect startups with strong overseas growth potential to companies, universities, and investors in Korea and abroad.
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