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Stocks / United States / Q · Semiconductors & Related Devices · NYSE

Qnity Electronics, Inc. (Q)

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Qnity Electronics, Inc. (Q) reported revenue of $1.4 billion for Q2 FY2026, the quarter ended 30 June 2026, up 22.1% on the same quarter a year earlier. Net income was $124 million, down 34.0% on the year, and diluted earnings per share $0.59. The figures are the company's own, from the 10-Q it filed with the SEC on 4 August 2026.

Revenue$1.4 billionup 22.1%
Net income$124 milliondown 34.0%
Diluted EPS$0.59
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE8.1%
ROCEn/a
Operating marginn/a
Net margin11.2%
FCF margin15.8%
Interest covern/a
Debt to equity0.55
Cash conversion1.99
Share count, 1 year0.0%
Sales CAGR, 3 yearsn/a
Profit CAGR, 3 yearsn/a
EPS, TTM$2.79

At the close of 21 September 2026

Price$121.82
Market cap$25.5 billion
Stock P/E43.66
Price to book3.51
EV / EBITDAn/a
Dividend yield0.1%
Market cap / sales4.89
52-week high$175.64
52-week low$73.54
Price, 1 yearn/a
Price CAGR, 3 yearsn/a
Price CAGR, 5 yearsn/a

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on the one borrowings figure Qnity Electronics, Inc. files, which has finance leases inside it; operating leases are a separate line. Nothing here is a valuation or a view.

Price, 3 November 2025 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on Q

Filings23 in twelve months: 13 current reports (8-K), about 5 other events; 5 results of operations; 4 officer or director change; 2 regulation fd disclosure; 2 material agreement
Planned insider sales4 Form 144 notices in twelve months, $783,497; latest 5 June 2026
Options tapeput/call 1.27 by open interest on 23 September 2026; the straddle prices a 10.3% move to 16 October 2026
Holders11 of the followed funds hold it; largest Geode Capital Management; 6 Schedule 13D or 13G filings in twelve months
Insider trading6 sales and 2 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest4.6 million shares short, 2.54 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 7 quarters

Q3 FY2024Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue1,1481,1181,1701,2761,1901,3151,429
Cost of revenue609587630701641697763
Gross profit539531540575549618666
Gross margin47%47%46%45%46%47%47%
R&D81.084.088.092.090.094.098.0
SG&A156140154159167173200
Pre-tax income250246255272189218199
Tax rate17%19%22%18%42%26%32%
Net income199193188211100151124
Net margin17%17%16%17%8%11%9%
Diluted EPS$0.95$0.92$0.90$1.01$0.47$0.72$0.59
Operating cash flown/a207273302491135241
Capital expendituren/a10449.061.071.012290.0
Free cash flown/a10322424142013.0151
Buybacksn/a0.00.0n/an/a25.025.0
Dividends paidn/a0.00.0n/an/a17.017.0
Shares outstanding209m209m209m209m210m209m209m
Filing10-Q10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 3 fiscal years and the trailing twelve months

FY2023FY2024FY2025TTM
Revenue4,0354,3354,7545,210
Cost of revenue2,2802,3392,5592,802
Gross profit1,7551,9962,1952,408
Gross margin43.5%46.0%46.2%46.2%
Research and development303314354374
Selling, general and administrative533603620699
Pre-tax income632901962878
Income tax99.0177233248
Effective tax rate15.7%19.6%24.2%28.2%
Net income507693692586
Net margin12.6%16.0%14.6%11.2%
Diluted EPS$2.42$3.31$3.30$2.79
Filing10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

FY2023FY2024FY2025TTM
Operating cash flow8821,0611,2731,169
Capital expenditure231200285344
Free cash flow651861988825
Free cash flow margin16.1%19.9%20.8%15.8%
Depreciation and amortisation403394376385
Share-based compensation13.013.020.037.0
Dividends paid0.00.013.0n/a
Dividend per sharen/an/a$0.14n/a
Diluted shares, weighted209m209m210m210m
Shares outstanding at period endn/an/an/a209m
Filing10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2023FY2024FY2025TTM
Total assetsn/a12,27314,07014,331
Cash and equivalentsn/a166915961
Receivablesn/a5806561,138
Inventoryn/a597661730
Goodwill7,4567,3797,5227,518
Long-term debtn/an/a4,100n/a
Long-term debt including finance leasesn/a0.04,0033,997
Operating lease liabilitiesn/a100455463
Shareholders' equity11,18410,6447,0957,261
Filing10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/an/an/an/a
Profit growth, compoundedn/an/an/an/a
Return on equity, averagen/an/a6.9%9.8%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Semiconductors & Related Devices

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
NVIDIA Corp. NVDA$5.48 trillion28.7584.2%65.2%83.4%0.150.0%
Broadcom Inc. AVGO$1.73 trillion46.2638.4%48.0%48.7%0.610.7%
Micron Technology Inc. MU$1.18 trillion23.6450.1%65.6%167.0%0.050.0%
Advanced Micro Devices Inc. AMD$1.00 trillion158.239.6%15.7%39.5%0.05n/a
Intel Corp. INTC$614.1 billionn/a-12.9%-0.1%7.5%0.550.3%
Applied Materials Inc. AMAT$368.4 billion40.0936.2%29.6%7.8%0.200.4%
Texas Instruments Inc. TXN$247.4 billion41.1733.6%37.3%16.7%0.782.0%
Marvell Technology, Inc. MRVL$225.7 billion85.2314.2%16.5%30.6%0.270.1%
Analog Devices Inc. ADI$185.6 billion45.4312.3%35.5%33.6%0.201.0%
Monolithic Power Systems, Inc. MPWR$62.8 billionn/an/a28.7%28.7%n/a0.6%
NXP Semiconductors N.V. NXPI$58.7 billion22.2224.3%30.4%2.4%1.001.7%
Microchip Technology Inc. MCHP$40.6 billion109.977.4%15.5%20.9%0.832.4%
ON Semiconductor Corp. ON$27.9 billion47.508.7%10.8%-3.1%0.62n/a
Qnity Electronics, Inc. Q$25.5 billion43.668.1%n/an/a0.550.1%
First Solar, Inc. FSLR$21.5 billion12.3216.9%33.6%23.8%0.00n/a
Skyworks Solutions, Inc. SWKS$13.4 billion45.745.1%7.6%0.1%0.093.2%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q30 June 20264 August 2026EDGAR
10-Q31 March 202612 May 2026EDGAR
10-K31 December 202526 February 2026EDGAR
10-Q30 September 202518 November 2025EDGAR

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