Qnity Electronics Inc./$Q
1D1W1MYTD1Y5YMAX
Capital at risk
About Qnity Electronics Inc.
Qnity is a specialty chemicals company created in 2025 after being spun off from DuPont. It sells chemicals and materials to the semiconductor industry, which generates the majority of sales, and also the electronics industry. Qnity specializes in materials science, including supplying key materials required to manufacture semiconductors and interconnected devices.
- Ticker
- $Q
- Sector
- Semiconductors
- Primary listing
- NYSE
- Employees
- 10,000
- Headquarters
- Wilmington, United States
- Website
- www.qnityelectronics.com
Q Metrics
BasicAdvanced
$26B
44.68
$2.79
-
$0.30
0.26%
Price and volume
Market cap
$26B
52-week high
$177.28
52-week low
$72.81
Average daily volume
1.7M
Dividend rate
$0.30
Financial strength
Current ratio
2.008
Quick ratio
1.456
Long term debt to equity
0.591
Total debt to equity
0.6
Dividend payout ratio (TTM)
8.02%
Interest coverage (TTM)
6.09%
Profitability
EBITDA (TTM)
1,526
Gross margin (TTM)
46.22%
Net profit margin (TTM)
11.25%
Operating margin (TTM)
21.90%
Effective tax rate (TTM)
28.25%
Revenue per employee (TTM)
$520,000
Management effectiveness
Return on assets (TTM)
5.29%
Return on equity (TTM)
6.72%
Valuation
Price to earnings (TTM)
44.682
Price to revenue (TTM)
5.019
Price to book
3.6
Price to tangible book (TTM)
-20.49
Price to free cash flow (TTM)
31.694
Free cash flow yield (TTM)
3.16%
Free cash flow per share (TTM)
3.934
Dividend yield (TTM)
0.24%
Forward dividend yield
0.26%
Growth
Revenue change (TTM)
14.83%
Earnings per share change (TTM)
-26.31%
Bulls say / Bears say
Qnity raised its 2026 outlook after Q2 sales grew 22% year over year to $1.43 billion and adjusted operating EBITDA increased 24% to $431 million. Updated guidance calls for $5.55–$5.65 billion of sales, $1.675–$1.725 billion of adjusted EBITDA and $4.40–$4.60 of adjusted EPS. (Qnity Q2 2026 results)
Both operating segments are benefiting from AI-related demand: Semiconductor Technologies sales rose 16% in Q2, while Interconnect Solutions sales increased 30% and adjusted EBITDA jumped 44%, helped by advanced packaging, AI PCB and thermal-management share gains. (SEC Form 10-Q)
Qnity is expanding its exposure to advanced packaging through integrated materials platforms covering metallization, bumping, dielectrics, fine-line patterning and CMP slurries. These launches target 2.5D/3D architectures, chiplets, high-bandwidth memory and hybrid bonding, potentially increasing content per AI and high-performance-computing system. (Qnity advanced-packaging platform)
GAAP profitability weakened in Q2 2026: net income fell 31% year over year to $136 million and GAAP EPS declined 34% to $0.59, despite strong adjusted results. The gap reflects substantial transformation, integration, amortization, interest and other charges. (Qnity Q2 2026 results)
Qnity carried approximately $4.02 billion of total debt at June 30, 2026, with $122 million of interest expense in the first half. Operating cash flow also declined to $376 million from $480 million year over year while capital expenditures increased, limiting deleveraging flexibility. (SEC Form 10-Q)
Customer concentration remains material: Samsung represented 9% of Q2 sales and TSMC 8%, while Qnity also identifies reliance on key customers, suppliers, trade restrictions and manufacturing interruptions as risks. A disruption or loss of business at either major customer could therefore have an outsized effect. (SEC Form 10-Q)
Data summarised monthly by Lightyear AI. Last updated on 14 Sept 2026.
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Funds containing Q
AllEURGBPUSD
Fund name | Fund size | $Q weighting |
|---|---|---|
iShares MSCI Global Semiconductors€SEC0 | €5.1B | 0.29% |
iShares MSCI Global Semiconductors£SEMI | £4.4B | 0.29% |
iShares S&P 500 Equal Weight€O4J0 | €4.3B | 0.20% |
iShares S&P 500 Equal Weight£EWSP | £3.7B | 0.20% |
iShares MSCI USA Islamic$ISDU | $594M | 0.15% |
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