greeksoup/ stock research
Stock research / United States / Q / FY2023

Qnity Electronics (Q) FY2023 results: revenue $4.0 billion

Qnity Electronics, Inc. (Q) reported revenue of $4.0 billion for fiscal 2023, the year ended 31 December 2023. Net income was $507 million, and diluted earnings per share $2.42. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2026.

Revenue
$4.0 billion
FY2023FY2023
Operating margin
n/a
FY2023FY2023
Net income
$507 million
FY2023FY2023
Diluted EPS
$2.42
FY2023FY2023

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2023Last 8 years
Revenue4,035
Cost of revenue2,280
Gross profit1,755
Gross margin43.5%
Research and development303
Selling, general and administrative533
Pre-tax income632
Income tax99.0
Effective tax rate15.7%
Net income507
Net margin12.6%
Diluted EPS$2.42
$ million except per share.
Read moreFree 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

$ millionFY2023Last 8 years
Operating cash flow882
Capital expenditure231
Free cash flow651
Free cash flow margin16.1%
Cash from investing-226
Cash from financing-628
Depreciation and amortisation403
Share-based compensation13.0
Dividends paid0.0
Diluted shares, weighted209m

Balance sheet

$ millionFY2023Last 8 years
Shareholders' equity11,184
Goodwill7,456
Cash and equivalents139

10-K for the year ended 31 December 2023, filed 26 February 2026: the filing.