Qnity Electronics
Supplies process and interconnect materials for semiconductor manufacturing and advanced electronics.
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Profile
Supplies consumable and embedded materials for semiconductor fabrication, advanced packaging, circuit boards, displays, thermal management, and flexible electronics through Semiconductor Technologies and Interconnect Solutions. Most sales come from Asia-Pacific, tying demand to chip-production cycles, customer qualification, and global trade and environmental rules.
Supplies process materials and interconnect solutions through two segments. Semiconductor Technologies sells lithography materials, chemical-mechanical planarization pads and slurries, cleans, sealing products, and OLED materials for wafer and display manufacturing. Interconnect Solutions provides advanced-packaging and circuit-board chemistries, thermal-management and electromagnetic-shielding products, and flexible-circuit films and laminates.
Combines materials-science and engineering expertise, application labs, and a global manufacturing network to co-develop products that customers qualify into production roadmaps. Most offerings are consumed during manufacturing or incorporated into finished electronics, linking volumes to customer production and device demand.
Generates most sales in Asia-Pacific and depends heavily on semiconductor production cycles. Long qualification cycles can slow adoption, while export controls, environmental rules, raw-material availability, and reliable local supply constrain global operations.
Company facts
Key statistics
Year to date +41.5% · Average volume (30d) 1.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 14, 2026 | RBC Capital | Reiterate | Outperform | $200 | $189 |
| Jul 6, 2026 | BMO Capital | Reiterate | Outperform | $180 | $185 |
| Jul 1, 2026 | Mizuho Securities | Target | $170 | $180 | |
| May 13, 2026 | RBC Capital | Reiterate | Outperform | $150 | $200 |
| May 13, 2026 | Goldman Sachs | Target | $110 | $165 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $1.07 | $1.19 | +11.2% | $1.36B | $1.43B | +4.7% | +6.28% |
| May 12, 2026Q1 FY26 | $0.92 | $1.08 | +17.1% | $1.27B | $1.32B | +3.4% | −3.77% |
| Feb 26, 2026Q4 FY25 | $0.63 | $0.82 | +30.6% | $1.16B | $1.19B | +2.8% | +1.59% |
| Nov 6, 2025Q3 FY25 | $0.66 | $0.74 | +13.0% | $1.19B | $1.28B | +6.9% | −1.09% |
Financial highlights
| 8 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.12B | $1.17B | $1.28B | $1.19B | $1.32B | $1.43B | |
| Gross profit | $476.0M | $490.0M | $524.0M | $498.0M | $566.0M | $666.0M | |
| Operating income | $252.0M | $248.0M | $273.0M | $241.0M | $299.0M | $276.0M | |
| Net income | $193.0M | $188.0M | $211.0M | $100.0M | $151.0M | $124.0M | |
| Diluted EPS | $0.92 | $0.90 | $1.01 | $0.48 | $0.72 | $0.59 | |
| Gross margin | 42.6% | 41.9% | 41.1% | 41.8% | 43.0% | 46.6% | |
| Operating margin | 22.5% | 21.2% | 21.4% | 20.3% | 22.7% | 19.3% |
Fiscal years (4-quarter sums)FY25 $4.75B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $961.0M · Total debt $4.02B · Total assets $14.33B · Shareholders' equity $7.26B
Dividends
Last raised to $0.08 from $0.06 in Feb 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 29, 2026 | May 29 | Jun 15 | $0.08 | |
| Feb 27, 2026 | Feb 27 | Mar 16 | $0.08 | raised from $0.06 |
| Nov 28, 2025 | Nov 28 | Dec 15 | $0.06 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 209.34M · Float 208.92M · 99.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 16.06M | 7.67% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 13.67M | 6.53% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 10.21M | 4.88% | 13F | Aug 13, 2026 |
| State Street Corp | 9.36M | 4.47% | 13F | Aug 7, 2026 |
| Geode Capital Management, LLC | 5.59M | 2.67% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 11, 2026 | Karin de Bondt | director | +1,000 | $138.14 |
| Jun 5, 2026 | Steven Sterin | director | −400 | $148.35 |
| May 26, 2026 | Steven Sterin | director | −511 | $161.97 |
| Nov 21, 2025 | Anne P. Noonan | director | −7 | $76.30 |
| Nov 19, 2025 | Byron Green | director | +1,000 | $79.12 |
Peers
- Entegris
Biggest rival in CMP pads, slurries, and semiconductor process materials.
- Merck
Cross-segment rival in photoresists, CMP materials, and OLED display materials.
- Element Solutions
Primary rival in PCB wet chemistry and semiconductor packaging metallization.
- Rogers
Specialty laminate and EMI-shielding rival; target of DuPont's $5.2B bid.
- MKS
Named 10-K rival via Atotech MSD; divesting the chemicals unit as of late 2025.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Qnity Electronics | $121.00 | +0.65% | $25.18B | 43.0 | 24.9 | 4.8 | +22.1% |
| Entegris | $135.10 | +0.10% | $20.58B | 67.8 | 30.1 | 6.2 | +11.5% |
| Merck | $148.19 | −0.08% | $366.18B | 118.7 | 17.2 | 5.5 | +5.1% |
| Element Solutions | $35.42 | +1.43% | $8.51B | 47.5 | 18.0 | 2.7 | +56.4% |
| Rogers | $125.52 | −0.09% | $2.24B | 72.6 | 29.6 | 2.7 | +6.9% |
| MKS | $256.50 | +0.31% | $17.28B | 40.8 | 16.3 | 4.0 | +28.3% |
| Median | 67.8 | 18.0 | 4.0 | +11.5% |