Reading the tape
NYSE: Q
Qnity Electronics, Inc.
Technology · Semiconductors
Market Cap
$32.24B
52w High
$156.53
52w Low
$70.50
P/E
46.55
Volume
2.74M
Outstanding Shares
209.66M
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 60.8%Revenue (YoY): 9.67%FCF (YoY): 14.75%
What changed
The stock rose 60.8% over the last year. Revenue grew 9.67% year over year. Operating margin moved from 19.54% to 21.33%. Free cash flow grew 14.75% year over year.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum. The operating data is doing enough work that the move does not need an overvaluation story to explain it.
What would invalidate this read
Operating margin is at 21.33%. Revenue grew 9.67% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
Qnity Electronics, Inc. focuses on the provision of electronic solutions and materials used in semiconductor chip manufacturing and advanced electronic materials.
CEOJon D. Kemp
SectorTechnology
IndustrySemiconductors
Employees10,000
IPO dateOct 27, 2025
Valuation
Forward P/E—
EV/EBITDA15.09
Enterprise value$21.17B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth7.89%
Gross margin42.91%▼9.32%vs FY2024
Operating margin21.33%▲9.17%vs FY2024
ROE9.75%▲49.80%vs FY2024
Analyst consensus
RatingBuy
Target price$140.80▼8.44%
3
Buy
0
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 12, 2026
Q2 FY26 · EPS est $0.92 · Revenue est $1.27B
View
Dividends
$0.14/shareQuarterlyEx-div May 29, 2026 · in 17dSafeQ pays a dividend with a 0.09% forward yield, covered 76.0× by free cash flow.
Forward Yield
0.09%
Annual Div / Share
$0.14
CAGR
—
Payout Ratio
1.88%
Safe
Dividend Growth Rate
Dividend Safety
10/10Safe
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$1/yr
$0/mo
In 5 yrs
$1/yr
$0/mo
In 10 yrs
$1/yr
$0/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$1/yr $0/mo | $1/yr $0/mo | $1/yr $0/mo |
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 76.0× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
No strong risk signal stands out from the latest period pair.