DuPont's First-Quarter Earnings Beat Expectations Amid AI Chip Demand

Published 2 hours agoDD

DuPont's First-Quarter Earnings Beat Expectations Amid AI Chip Demand

DuPont de Nemours has posted strong results for the first quarter, reporting a 4.6% increase in total sales to $3.07 billion, surpassing market expectations. The company benefited from strong demand in its electronics segment, where sales climbed to $1.12 billion from last year's $984 million, largely driven by the increasing demand for AI chips.

Despite the robust performance, DuPont anticipates a tariff-related impact of $60 million — about 10 cents per share — due to ongoing U.S. trade policies that mainly affect exports to China. This comes even as the company managed to exceed expected adjusted earnings per share, reporting $1.03 compared to the 95 cents analysts had predicted.

Staying optimistic, DuPont reaffirmed its full-year adjusted profit forecast of $4.30 to $4.40 per share, not accounting for the tariff impact. Another major strategic move is their plan to spin off the electronics business by November 1. Meanwhile, the company encountered a $768 million non-cash impairment charge in its Aramids unit, contributing to a $548 million loss from continuing operations. According to Reuters, these developments are part of DuPont's continued adaptation to market conditions and regulatory changes.

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