Q Stock Analysis: Qnity Electronics | NYSE
Semiconductor Equipment & Materials | NYSE, USA | Market Cap: 29.674m USD | 12M Return: 49.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 322M
Rev. Trend: 99.7%
Warnings
Tailwinds
Seasonality 1.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Qnity Electronics, Inc. (NYSE: Q) is a U.S.-based supplier of specialty materials and chemistries to the global semiconductor and electronics industries, with commercial presence in the Americas, Europe, the Middle East, Africa, and Asia Pacific, including the major chip-producing markets of China, South Korea, and Taiwan. The company is organized into two segments: Semiconductor Technologies, which provides wafer fabrication inputs such as chemical mechanical planarization (CMP) pads and slurries, photoresists, and post-etch and post-CMP cleaning chemistries; and Interconnect Solutions, which supplies advanced packaging materials including copper pillar and redistribution layer plating chemistries, solder bump plating, under bump metallization, packaging dielectrics, and thermal interface materials.
Suppliers like Qnity occupy a specialized tier of the chip supply chain, providing process-critical consumables used in both front-end wafer manufacturing and back-end advanced packaging. The Interconnect Solutions portfolio in particular targets the materials used in flip-chip, wafer-level, and heterogeneous integration packaging, which are increasingly important for high-performance computing, networking, and AI accelerators. The Semiconductor Technologies portfolio addresses key yield- and performance-limiting steps in chip fabrication, where CMP and residue-removal chemistries are consumed in large volumes across logic and memory production.
The company was incorporated in 2024 and is headquartered in Wilmington, Delaware. It was originally formed as Novus SpinCo 1, Inc. and adopted the Qnity Electronics name in April 2025. It trades on the NYSE under the ticker symbol Q and is classified within the Information Technology sector.
- AI advanced packaging demand boosts Interconnect Solutions revenue
- Semiconductor wafer fab cycle drives CMP slurries and photoresist volumes
- Asia Pacific revenue concentration exposes stock to China trade tensions
| Net Income: 650.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 0.09 > 1.0 |
| NWC/Revenue: 28.66% < 20% (prev 10.42%; Δ 18.24% < -1%) |
| CFO/TA 0.09 > 3% & CFO 1.20b > Net Income 650.0m |
| Net Debt (3.17b) to EBITDA (1.44b): 2.20 < 3 |
| Current Ratio: 2.12 > 1.5 & < 3 |
| Outstanding Shares: last quarter (210.3m) vs 12m ago 0.41% < -2% |
| Gross Margin: 41.97% > 18% (prev 45.65%; Δ -3.68% > 0.5%) |
| Asset Turnover: 36.55% > 50% (prev 59.12%; Δ -22.57% > 0%) |
| Interest Coverage Ratio: 5.86 > 6 (EBIT TTM 1.06b / Interest Expense TTM 181.0m) |
| A: 0.10 (Total Current Assets 2.68b - Total Current Liabilities 1.26b) / Total Assets 14.1b |
| B: 0.01 (Retained Earnings 170.0m / Total Assets 14.1b) |
| C: 0.08 (EBIT TTM 1.06b / Avg Total Assets 13.5b) |
| D: 1.09 (Book Value of Equity 7.19b / Total Liabilities 6.60b) |
| Altman-Z'' = 2.37 = BBB |
| DSRI: 1.86 (Receivables 1.04b/871.0m, Revenue 4.95b/7.70b) |
| GMI: 1.09 (GM 45.65% / 41.97%) |
| AQI: 0.92 (AQ_t 0.69 / AQ_t-1 0.75) |
| SGI: 0.64 (Revenue 4.95b / 7.70b) |
| TATA: -0.04 (NI 650.0m - CFO 1.20b) / TA 14.1b) |
| Beneish M = -2.55 (Cap -4..+1) = A |
As of July 09, 2026, the stock is trading at USD 142.17 with a total of 1,915,796 shares traded. Over the past week, the price has changed by -12.94%, over one month by -1.58%, over three months by +9.97% and over the past year by +49.47%.
Current recommended Stop Loss: 126.50 (which is 11% or 1.5 ATR below the current price).
Qnity Electronics has no consensus analysts rating.
P/E Trailing = 45.7258
P/E Forward = 38.9105
P/S = 5.9935
P/B = 4.4691
P/EG = 2.5694
Revenue TTM = 4.95b USD
EBIT TTM = 1.06b USD
EBITDA TTM = 1.44b USD
Long Term Debt = 4.00b USD (from longTermDebt, last quarter)
Short Term Debt = 23.0m USD (from shortTermDebt, last quarter)
Debt = 4.02b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.17b USD (calculated: Debt 4.02b - CCE 857.0m)
Enterprise Value = 32.8b USD (29.7b + Debt 4.02b - CCE 857.0m)
Interest Coverage Ratio = 5.86 (Ebit TTM 1.06b / Interest Expense TTM 181.0m)
EV/FCF = 36.57x (Enterprise Value 32.8b / FCF TTM 898.0m)
FCF Yield = 2.73% (FCF TTM 898.0m / Enterprise Value 32.8b)
FCF Margin = 18.14% (FCF TTM 898.0m / Revenue TTM 4.95b)
Net Margin = 13.13% (Net Income TTM 650.0m / Revenue TTM 4.95b)
Gross Margin = 41.97% ((Revenue TTM 4.95b - Cost of Revenue TTM 2.87b) / Revenue TTM)
Gross Margin QoQ = 43.04% (prev 41.85%)
Tobins Q-Ratio = 2.34 (Enterprise Value 32.8b / Total Assets 14.1b)
Interest Expense / Debt = 4.50% (Interest Expense 181.0m / Debt 4.02b)
Taxrate = 25.91% (242.0m / 934.0m)
NOPAT = 785.4m (EBIT 1.06b * (1 - 25.91%))
Current Ratio = 2.12 (Total Current Assets 2.68b / Total Current Liabilities 1.26b)
Debt / Equity = 0.56 (Debt 4.02b / totalStockholderEquity, last quarter 7.19b)
Debt / EBITDA = 2.20 (Net Debt 3.17b / EBITDA 1.44b)
Debt / FCF = 3.53 (Net Debt 3.17b / FCF TTM 898.0m)
Total Stockholder Equity = 8.58b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.80% (Net Income 650.0m / Total Assets 14.1b)
RoE = 7.57% (Net Income TTM 650.0m / Total Stockholder Equity 8.58b)
RoCE = 8.42% (EBIT 1.06b / Capital Employed (Equity 8.58b + L.T.Debt 4.00b))
RoIC = 6.25% (NOPAT 785.4m / Invested Capital 12.6b)
WACC = 7.09% (E(29.7b)/V(33.7b) * Re(7.60%) + D(4.02b)/V(33.7b) * Rd(4.50%) * (1-Tc(0.26)))
Discount Rate = 7.60% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 70.71 | Cagr: 0.64%
[DCF] Terminal Value 76.61% ; FCFF base≈866.8m ; Y1≈938.8m ; Y5≈1.16b
[DCF] Fair Price = 69.54 (EV 17.7b - Net Debt 3.17b = Equity 14.6b / Shares 209.3m; r=8.35% [WACC [floored]]; 5y FCF grow 9.51% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 99.74 | Revenue CAGR: 8.54% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.05 | Chg30d=+17.11% | Revisions=+57% | Analysts=5
EPS next Quarter (2026-09-30): EPS=1.04 | Chg30d=+1.85% | Revisions=+0% | Analysts=5
EPS current Year (2026-12-31): EPS=4.11 | Chg30d=+0.76% | Revisions=+67% | GrowthEPS=+22.8% | GrowthRev=+12.7%
EPS next Year (2027-12-31): EPS=4.79 | Chg30d=+0.79% | Revisions=+70% | GrowthEPS=+16.6% | GrowthRev=+9.2%
[Analyst] Revisions Ratio: +71% (up=19, down=2)