Knowles Corp Dossier
Qualitative Analysis
Business overview
Knowles Corporation (NYSE: KN) is a premier global provider of advanced micro-acoustic microphones, balanced armature speakers, audio processing solutions, and high-performance capacitors and radio frequency (RF) filtering products. Headquartered in Itasca, Illinois, the company operates through two primary business segments: Precision Devices (PD) and MedTech & Specialty Audio (MSA). The Precision Devices segment specializes in high-performance capacitor products and RF solutions serving military, aerospace, defense, medical, and industrial markets. The MedTech & Specialty Audio segment designs and manufactures balanced armature speakers and miniature acoustics primarily for hearing health and premium audio applications. Knowles completed a major strategic transformation by divesting its Consumer MEMS Microphone business at the end of 2024, shifting its focus toward higher-margin, engineering-intensive industrial technology niches.
Research as of 20 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Expanding manufacturing capacity for the specialty film product line (acquired via Cornell Dubilier) to fulfill a multi-year energy sector order exceeding $75 million.
Expected impact: Expected to generate $50 million to $65 million from the specialty film line in 2026 and diversify revenue into electrification markets.
Launching and scaling high-performance inductors for mission-critical RF applications to expand the total addressable market (TAM).
Expected impact: Aims to drive future organic growth in MedTech, defense, and industrial markets.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Recent Acquisitions
To expand Knowles' Precision Devices segment portfolio with high-performance film, electrolytic, and mica capacitors, significantly increasing its TAM in medtech, military, aerospace, and industrial electrification.
Financial impact: Primary driver of the 21.2% revenue growth in FY2024 and continues to support double-digit growth in the Precision Devices segment through 2026.
Strategic Partnerships
Strengthens Knowles' position in the rapidly growing over-the-counter (OTC) hearing aid market by combining Knowles' acoustic hardware with ELEHEAR's smart algorithms.
Terms: Not publicly disclosed.