Qnity Electronics, Inc

Qnity Electronics, Inc

Q · NYSE · Technology / Semiconductor Equipment & Materials

118.36USD-4.33 (-3.53%)

Price History

Full chart

Market Stats

Previous Close122.69
Open121.24
Day Range115.94 – 122.59
52-Week Range72.62 – 177.16
Volume2.09M
Market Cap24.46B
P/E (TTM)43.98
Forward P/E21.10
EPS2.66
Dividend Yield0.27%
50-Day Avg121.20
200-Day Avg129.70

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 plating 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.

Company Details

  • SectorTechnology
  • IndustrySemiconductor Equipment & Materials
  • CEOMr. Jon D. Kemp
  • Employees10.00K
  • HeadquartersBuilding 735, Wilmington, DE, United States, 19805, USA
  • Websitehttps://www.qnityelectronics.com

Leadership

  • Mr. Jon D. KempCEO & Director · b. 1977
  • Mr. Peter W. HennesseySVP & General Counsel · b. 1978
  • Ms. Kathleen FortebuonoChief People Officer · b. 1971
  • Mr. Chuck Xu Ph.D.President of Interconnect Solutions · b. 1965
  • Mr. Ken RizviSenior VP & CFO · b. 1975
  • Mr. John Francis SingerChief Operations & Engineering Officer · b. 1965
  • Mr. Michael G. GossVP of Finance & Controllership and Principal Accounting Officer · b. 1976
  • Mr. Randy KingChief Technology & Sustainability Officer
  • Mr. Bruce MathewsChief Information Officer
  • Ms. Nahla A. AzmyVice President of Investor Relations

Financials

Income Statement

Currency: USD2022-12-312023-12-312024-12-312025-12-31
Total Revenue4.75B4.04B4.33B4.75B
Growth (%)--15.14%+7.43%+9.67%
Cost of Revenue2.60B2.28B2.34B2.77B
Gross Profit2.16B1.75B2.00B1.99B
Gross Margin45.36%43.49%46.11%41.82%
Operating Expense1.12B1.10B1.15B974.00M
Operating Income1.03B657.00M847.00M1.01B
Operating Margin21.75%16.28%19.54%21.33%
EBITDA1.37B1.03B1.29B1.40B
EBITDA Margin28.73%25.65%29.80%29.51%
Net Income774.00M507.00M693.00M692.00M
Net Income Margin16.28%12.57%15.99%14.56%
R&D329.00M303.00M311.00M354.00M
R&D as % of Total Revenue6.92%7.51%7.17%7.45%
Interest Expense31.00M16.00M280.00M65.00M
Interest Expense % of Total Revenue0.65%0.40%6.46%1.37%

Balance Sheet

Currency: USD2022-12-312023-12-312024-12-312025-12-31
Total Assets-12.52B12.27B14.07B
Total Liabilities-1.33B1.38B6.70B
Total Equity-10.94B10.64B7.09B
Cash-139.00M166.00M915.00M
Total Debt-222.00M191.00M4.98B
Net Debt-83.00M25.00M4.07B

Cash Flow

Currency: USD2022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow1.15B882.00M1.06B1.27B
Investing Cash Flow-202.00M-226.00M-172.00M-285.00M
Financing Cash Flow-932.00M-628.00M-848.00M-248.00M
Capital Expenditure202.00M231.00M200.00M285.00M
Free Cash Flow951.00M651.00M861.00M988.00M
Dividends Paid-0013.00M
FCF to OCF82.48%73.81%81.15%77.61%
Dividend Paid to FCF-0.00%0.00%1.32%

Earnings

Report DateSep 3, 2025Nov 18, 2025Feb 26, 2026May 12, 2026Aug 4, 2026Nov 4, 2026Nov 17, 2026
EPS Estimate0.000.660.650.921.071.181.18
EPS Actual0.630.950.821.081.191.46-
Surprise-43.94%26.15%17.39%11.21%23.73%-
Timing-After-hoursPre-marketPre-marketPre-marketPre-market-

Key Statistics & Ratios

Market Cap24.46B
Enterprise Value25.90B
Trailing P/E43.98
Forward P/E21.10
PEG Ratio1.12
Price / Sales4.46
Price / Book3.03
EPS2.66
Book Value36.28
Revenue (TTM)5.49B
Gross Profit (TTM)2.58B
EBITDA1.65B
Profit Margin10.16%
Operating Margin25.00%
Return on Equity6.98%
Return on Assets5.78%
Shares Outstanding209.04M
Shares Float208.51M
Dividend Yield0.27%
Dividend Rate0.32
Payout Ratio7.03%

Analyst Ratings

Strong Buy
Based on 10 analystsTarget 173.80
  • Strong Buy
    7
  • Buy
    3

Ownership Breakdown

Institutions
78.97%
Insiders
0.07%
Retail / Other
20.96%

Top Institutional Holders

  • BlackRock Inc
    16.06M7.67%
  • Vanguard Capital Management, LLC
    13.67M6.54%
  • Vanguard Portfolio Management, LLC
    10.21M4.88%
  • State Street Corp
    9.36M4.48%
  • Geode Capital Management, LLC
    5.59M2.67%
  • Durable Capital Partners LP
    4.55M2.18%
  • Allspring Global Investments Holdings, LLC
    4.35M2.08%
  • Amvescap Plc.
    4.06M1.94%
  • Morgan Stanley - Brokerage Accounts
    3.37M1.61%
  • Jane Street Group LLC
    2.51M1.20%
  • Northern Trust Corp
    2.10M1.00%
  • The Goldman Sachs Group Inc
    2.08M0.99%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    6.63M3.17%
  • Vanguard 500 Index Investor
    5.49M2.63%
  • iShares Core S&P 500 ETF
    2.78M1.33%
  • Fidelity 500 Index
    2.72M1.30%
  • State Street® SPDR® S&P 500® ETF
    2.56M1.23%
  • Allspring Special Mid Cap Value Inst
    2.46M1.17%
  • Vanguard Small Cap Index
    2.35M1.13%
  • Vanguard MStar Mid Cap Index Instl
    2.24M1.07%

Dividends

20263×
0.08Aug 31, 20260.08May 29, 20260.08Feb 27, 2026
20251×
0.06Nov 28, 2025