Symbols / Q Stock $141.70 -2.07% Qnity Electronics, Inc.

Technology • Semiconductor Equipment & Materials • United States • NYQ
Q (Stock) Chart
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Stock Fundamentals
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Index EQUITY
Sector Technology
Industry Semiconductor Equipment & Materials
CEO Mr. Jon D. Kemp
Exch · Country NYQ · United States
Market Cap 29.66B
Enterprise Value 34.24B
Income 650.00M
Sales 4.95B
FCF (ttm) 702.37M
Book/sh 34.30
Cash/sh 4.09
Employees 10,000
Insider 10d —
IPO Oct 27, 2025
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 4.51%
P/E 45.71
Forward P/E 29.79
PEG 2.42
P/S 5.99
P/B 4.13
P/C —
EV/EBITDA 23.63
EV/Sales 6.92
Quick Ratio 1.23
Current Ratio 2.12
Debt/Eq 60.76
LT Debt/Eq —
EPS (ttm) 3.10
EPS next Y 4.76
EPS Growth -21.70%
Revenue Growth 17.60%
EPS Gr Q/Q -21.80%
Rev Gr Q/Q —
Earnings (next) 2026-08-11
Earnings (prior) 2026-05-12
ROA 5.06%
ROE 7.48%
ROIC —
Gross Margin 46.09%
Oper. Margin 22.81%
Profit Margin 13.13%
Shs Outstand 209.34M
Shs Float 208.80M
Insider Own 0.07%
Instit Own 76.74%
Short Float 2.25%
Short Ratio 2.08
Short Interest 4.10M
52W High 171.52
vs 52W High -17.39%
52W Low 70.50
vs 52W Low 100.99%
Beta —
Impl. Vol. 64.15%
Rel Volume 0.37
Avg Volume 1.83M
Volume 683.85K
Target (mean) $173.12
Tgt Median $175.00
Tgt Low $140.00
Tgt High $200.00
# Analysts 8
Recom None
Prev Close $144.70
Price $141.70
Change -2.07%
About

Qnity Electronics, Inc. provides materials and solutions to the semiconductor and electronics industries in the United States, rest of Americas, Europe, the Middle East, Africa, Asia Pacific, China, South Korea, Taiwan, and internationally. The company operates in two segments, Semiconductor Technologies and Interconnect Solutions. Its Semiconductor Technologies segment offers chemical mechanical planarization (CMP) pads and slurries, photoresists, functional sub-layers, advanced overcoats, post-CMP cleaners, post-etch residue removers, and emerging cleans. The Interconnect Solutions segment provides copper pillar plating, copper redistribution layer, solder bump plating, under bump metallization, photoresists, packaging dielectrics, gap fillers, phase change, specialty thermal interface materials, thermally conductive insulators, copper playing solutions, dry film photoresists, and laminates and polyimide films. The company was formerly known as Novus SpinCo 1, Inc. and changed its name to Qnity Electronics, Inc. in April 2025. The company was incorporated in 2024 and is headquartered in Wilmington, Delaware.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$173.13
Mean price target
2. Current target
$141.70
Latest analyst target
3. DCF / Fair value
$60.39
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$141.70
Low
$140.00
High
$200.00
Mean
$173.13

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-13 main RBC Capital Outperform → Outperform $200
2026-05-13 main Mizuho Outperform → Outperform $170
2026-04-24 main RBC Capital Outperform → Outperform $150
2026-03-02 main RBC Capital Outperform → Outperform $139
2026-02-27 main Keybanc Overweight → Overweight $147
2026-02-25 main RBC Capital Outperform → Outperform $133
2025-11-25 main RBC Capital Outperform → Outperform $110
2025-11-25 init Deutsche Bank — → Buy $92
2025-11-20 main Mizuho Outperform → Outperform $100
2025-11-04 init Mizuho — → Outperform $110
2025-11-03 init Wolfe Research — → Outperform $110
News
RSS: Latest Q news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-06-05 STERIN STEVEN M Director — 400 $148.35 $59,340
2026-05-29 CURTIN TERRENCE R Director — 208 $156.00 $32,500
2026-05-29 GREEN BYRON Director — 208 $156.00 $32,500
2026-05-26 STERIN STEVEN M Director — 511 $161.97 $82,764
2026-05-21 DE BONDT KARIN Director — 1,278 $0.00 $0
2026-05-21 BLINN MARK A Director — 1,278 $0.00 $0
2026-05-21 STERIN STEVEN M Director — 1,278 $0.00 $0
2026-05-21 CURTIN TERRENCE R Director — 1,278 $0.00 $0
2026-05-21 PAIK YI HYON Director — 1,278 $0.00 $0
2026-05-21 BANERJI SHUMEET Director — 1,278 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
4,754.00
+9.67%
4,335.00
+7.43%
4,035.00
-15.14%
4,755.00
Operating Revenue
4,754.00
+9.67%
4,335.00
+7.43%
4,035.00
-15.14%
4,755.00
Cost Of Revenue
2,559.00
+9.41%
2,339.00
+2.59%
2,280.00
-12.24%
2,598.00
Reconciled Cost Of Revenue
2,390.00
+9.78%
2,177.00
+1.78%
2,139.00
-13.05%
2,460.00
Gross Profit
2,195.00
+9.97%
1,996.00
+13.73%
1,755.00
-18.64%
2,157.00
Operating Expense
1,181.00
+2.79%
1,149.00
+4.64%
1,098.00
-2.23%
1,123.00
Research And Development
354.00
+12.74%
314.00
+3.63%
303.00
-7.90%
329.00
Selling General And Administration
620.00
+2.82%
603.00
+13.13%
533.00
+2.90%
518.00
Total Expenses
3,740.00
+7.22%
3,488.00
+3.26%
3,378.00
-9.22%
3,721.00
Operating Income
1,014.00
+19.72%
847.00
+28.92%
657.00
-36.46%
1,034.00
EBITDA
1,403.00
+8.34%
1,295.00
+25.12%
1,035.00
-28.52%
1,448.00
Normalized EBITDA
1,448.00
+11.13%
1,303.00
+19.87%
1,087.00
-31.12%
1,578.00
Reconciled Depreciation
376.00
-4.57%
394.00
-2.23%
403.00
-2.66%
414.00
EBIT
1,027.00
+13.98%
901.00
+42.56%
632.00
-38.88%
1,034.00
Total Unusual Items
-45.00
-462.50%
-8.00
+84.62%
-52.00
+60.00%
-130.00
Total Unusual Items Excluding Goodwill
-45.00
-462.50%
-8.00
+84.62%
-52.00
+60.00%
-130.00
Special Income Charges
-45.00
-462.50%
-8.00
+84.62%
-52.00
+60.00%
-130.00
Restructuring And Mergern Acquisition
45.00
+462.50%
8.00
-84.62%
52.00
-60.00%
130.00
Net Income
692.00
-0.14%
693.00
+36.69%
507.00
-34.50%
774.00
Pretax Income
962.00
+6.77%
901.00
+42.56%
632.00
-33.61%
952.00
Net Non Operating Interest Income Expense
-65.00
0.00
0.00
—
Interest Expense Non Operating
65.00
0.00
0.00
—
Net Interest Income
-65.00
0.00
0.00
—
Interest Expense
65.00
0.00
0.00
—
Other Income Expense
13.00
-75.93%
54.00
+316.00%
-25.00
+69.51%
-82.00
Other Non Operating Income Expenses
11.00
-56.00%
25.00
+127.27%
11.00
-35.29%
17.00
Tax Provision
233.00
+31.64%
177.00
+78.79%
99.00
-34.44%
151.00
Tax Rate For Calcs
0.00
+23.47%
0.00
+24.84%
0.00
-1.02%
0.00
Tax Effect Of Unusual Items
-10.89
-594.52%
-1.57
+80.79%
-8.16
+60.41%
-20.62
Net Income Including Noncontrolling Interests
729.00
+0.69%
724.00
+35.83%
533.00
-33.46%
801.00
Net Income From Continuing Operation Net Minority Interest
692.00
-0.14%
693.00
+36.69%
507.00
-34.50%
774.00
Net Income From Continuing And Discontinued Operation
692.00
-0.14%
693.00
+36.69%
507.00
-34.50%
774.00
Net Income Continuous Operations
729.00
+0.69%
724.00
+35.83%
533.00
-33.46%
801.00
Minority Interests
-37.00
-19.35%
-31.00
-19.23%
-26.00
+3.70%
-27.00
Normalized Income
726.11
+3.81%
699.43
+26.98%
550.84
-37.64%
883.38
Net Income Common Stockholders
692.00
-0.14%
693.00
+36.69%
507.00
-34.50%
774.00
Diluted EPS
3.30
-0.27%
3.31
—
—
Basic EPS
3.30
-0.27%
3.31
—
—
Basic Average Shares
209.60
—
—
—
Diluted Average Shares
209.80
—
—
—
Diluted NI Availto Com Stockholders
692.00
-0.14%
693.00
+36.69%
507.00
-34.50%
774.00
Amortization
207.00
-10.78%
232.00
-11.45%
262.00
-5.07%
276.00
Amortization Of Intangibles Income Statement
207.00
-10.78%
232.00
-11.45%
262.00
-5.07%
276.00
Depreciation Amortization Depletion Income Statement
207.00
-10.78%
232.00
-11.45%
262.00
-5.07%
276.00
Depreciation And Amortization In Income Statement
207.00
-10.78%
232.00
-11.45%
262.00
-5.07%
276.00
Earnings From Equity Interest
47.00
+27.03%
37.00
+131.25%
16.00
-48.39%
31.00
Line Item Trend 2025-12-31
Total Assets
14,070.00
Current Assets
2,638.00
Cash Cash Equivalents And Short Term Investments
915.00
Cash And Cash Equivalents
915.00
Receivables
992.00
Accounts Receivable
656.00
Gross Accounts Receivable
658.00
Allowance For Doubtful Accounts Receivable
-2.00
Other Receivables
336.00
Inventory
661.00
Raw Materials
172.00
Work In Process
221.00
Finished Goods
292.00
Other Current Assets
70.00
Total Non Current Assets
11,432.00
Net PPE
1,701.00
Gross PPE
3,151.00
Accumulated Depreciation
-1,450.00
Properties
0.00
Land And Improvements
73.00
Buildings And Improvements
679.00
Machinery Furniture Equipment
2,211.00
Construction In Progress
188.00
Goodwill And Other Intangible Assets
8,633.00
Goodwill
7,522.00
Other Intangible Assets
1,111.00
Investments And Advances
402.00
Non Current Deferred Assets
42.00
Non Current Deferred Taxes Assets
42.00
Other Non Current Assets
654.00
Total Liabilities Net Minority Interest
6,704.00
Current Liabilities
1,356.00
Payables And Accrued Expenses
1,175.00
Payables
830.00
Accounts Payable
680.00
Current Accrued Expenses
345.00
Employee Benefits
80.00
Total Tax Payable
150.00
Income Tax Payable
150.00
Current Debt And Capital Lease Obligation
24.00
Current Debt
24.00
Other Current Liabilities
157.00
Total Non Current Liabilities Net Minority Interest
5,348.00
Long Term Debt And Capital Lease Obligation
4,003.00
Long Term Debt
4,003.00
Non Current Pension And Other Postretirement Benefit Plans
80.00
Non Current Deferred Liabilities
273.00
Non Current Deferred Taxes Liabilities
273.00
Other Non Current Liabilities
992.00
Stockholders Equity
7,095.00
Common Stock Equity
7,093.00
Capital Stock
4.00
Common Stock
2.00
Preferred Stock
2.00
Share Issued
209.48
Ordinary Shares Number
209.48
Additional Paid In Capital
7,286.00
Retained Earnings
18.00
Gains Losses Not Affecting Retained Earnings
-213.00
Minority Interest
271.00
Other Equity Adjustments
-213.00
Total Equity Gross Minority Interest
7,366.00
Total Capitalization
11,098.00
Working Capital
1,282.00
Invested Capital
11,120.00
Total Debt
4,027.00
Net Debt
3,112.00
Net Tangible Assets
-1,538.00
Tangible Book Value
-1,540.00
Inventories Adjustments Allowances
-24.00
Other Equity Interest
—
Preferred Stock Equity
2.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
1,273.00
+19.98%
1,061.00
+20.29%
882.00
-23.50%
1,153.00
Cash Flow From Continuing Operating Activities
1,273.00
+19.98%
1,061.00
+20.29%
882.00
-23.50%
1,153.00
Net Income From Continuing Operations
729.00
+0.69%
724.00
+35.83%
533.00
-33.46%
801.00
Depreciation Amortization Depletion
376.00
-4.57%
394.00
-2.23%
403.00
-2.66%
414.00
Depreciation
169.00
+4.32%
162.00
+14.89%
141.00
+2.17%
138.00
Amortization Cash Flow
207.00
-10.78%
232.00
-11.45%
262.00
-5.07%
276.00
Depreciation And Amortization
376.00
-4.57%
394.00
-2.23%
403.00
-2.66%
414.00
Amortization Of Intangibles
207.00
-10.78%
232.00
-11.45%
262.00
-5.07%
276.00
Other Non Cash Items
20.00
+150.00%
8.00
-84.62%
52.00
-56.30%
119.00
Pension And Employee Benefit Expense
-1.00
-200.00%
1.00
0.00
+100.00%
-7.00
Stock Based Compensation
20.00
+53.85%
13.00
+0.00%
13.00
+8.33%
12.00
Deferred Tax
-79.00
+2.47%
-81.00
-2.53%
-79.00
+34.71%
-121.00
Deferred Income Tax
-79.00
+2.47%
-81.00
-2.53%
-79.00
+34.71%
-121.00
Operating Gains Losses
-7.00
+36.36%
-11.00
-466.67%
3.00
-25.00%
4.00
Change In Working Capital
214.00
+1428.57%
14.00
+132.56%
-43.00
+43.42%
-76.00
Change In Receivables
-12.00
+77.36%
-53.00
-541.67%
12.00
-40.00%
20.00
Changes In Account Receivables
—
-53.00
-541.67%
12.00
-40.00%
20.00
Change In Inventory
-51.00
+39.29%
-84.00
-197.67%
86.00
+195.56%
-90.00
Change In Payables And Accrued Expense
287.00
+97.93%
145.00
+188.41%
-164.00
-485.71%
-28.00
Change In Accrued Expense
108.00
+176.92%
39.00
+140.63%
-96.00
+2.04%
-98.00
Change In Payable
179.00
+68.87%
106.00
+255.88%
-68.00
-197.14%
70.00
Change In Account Payable
119.00
+52.56%
78.00
+244.44%
-54.00
+22.86%
-70.00
Change In Other Current Assets
-395.00
-1112.82%
39.00
+197.50%
-40.00
-344.44%
-9.00
Change In Other Current Liabilities
385.00
+1266.67%
-33.00
-152.38%
63.00
+103.23%
31.00
Investing Cash Flow
-285.00
-65.70%
-172.00
+23.89%
-226.00
-11.88%
-202.00
Cash Flow From Continuing Investing Activities
-285.00
-65.70%
-172.00
+23.89%
-226.00
-11.88%
-202.00
Net PPE Purchase And Sale
0.00
-100.00%
15.00
+200.00%
5.00
0.00
Sale Of PPE
0.00
-100.00%
15.00
+200.00%
5.00
0.00
Capital Expenditure
-285.00
-42.50%
-200.00
+13.42%
-231.00
-14.36%
-202.00
Capital Expenditure Reported
-285.00
-42.50%
-200.00
+13.42%
-231.00
-14.36%
-202.00
Net Other Investing Changes
—
13.00
—
—
Financing Cash Flow
-248.00
+70.75%
-848.00
-35.03%
-628.00
+32.62%
-932.00
Cash Flow From Continuing Financing Activities
-248.00
+70.75%
-848.00
-35.03%
-628.00
+32.62%
-932.00
Net Issuance Payments Of Debt
4,100.00
0.00
0.00
—
Issuance Of Debt
4,100.00
0.00
0.00
—
Long Term Debt Issuance
4,100.00
0.00
0.00
—
Net Long Term Debt Issuance
4,100.00
0.00
0.00
—
Net Common Stock Issuance
1.00
0.00
0.00
—
Cash Dividends Paid
-13.00
0.00
0.00
—
Net Other Financing Charges
-4,338.00
-411.56%
-848.00
-35.03%
-628.00
+32.62%
-932.00
Changes In Cash
740.00
+1704.88%
41.00
+46.43%
28.00
+47.37%
19.00
Effect Of Exchange Rate Changes
9.00
+164.29%
-14.00
-250.00%
-4.00
+60.00%
-10.00
Beginning Cash Position
166.00
+19.42%
139.00
+20.87%
115.00
+8.49%
106.00
End Cash Position
915.00
+451.20%
166.00
+19.42%
139.00
+20.87%
115.00
Free Cash Flow
988.00
+14.75%
861.00
+32.26%
651.00
-31.55%
951.00
Interest Paid Supplemental Data
0.00
0.00
0.00
—
Income Tax Paid Supplemental Data
94.00
+51.61%
62.00
-22.50%
80.00
+37.93%
58.00
Change In Income Tax Payable
60.00
+114.29%
28.00
+300.00%
-14.00
-110.00%
140.00
Change In Tax Payable
60.00
+114.29%
28.00
+300.00%
-14.00
-110.00%
140.00
Common Stock Issuance
1.00
0.00
0.00
—
Earnings Losses From Equity Investments
-5.00
-225.00%
4.00
-63.64%
11.00
+0.00%
11.00
Issuance Of Capital Stock
3.00
0.00
0.00
—
Net Preferred Stock Issuance
2.00
0.00
0.00
—
Preferred Stock Issuance
2.00
0.00
0.00
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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