Qnity Electronics Q

Semiconductors, Technology

$109.83

+0.97%

Market cap: $23B
PE: 39.4×
Forward PE: 22.5×
Price to sales: 4.4×
EV/EBIT: 25.0×
Revenue, 12 months: $5.2B; +15% on a year ago
Net margin: 11.2%
Free cash flow yield: 3.6%

Qnity Electronics trades at 39.4× trailing earnings. Revenue was $5.2B over the last twelve months, up 15% on a year earlier with a 11% net margin.

Charts

Financials

Income statement for Q, by quarter
Income statement	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
	$1.1B	$1.1B	$1.1B	$1.2B	$1.3B+11%	$1.2B+8%	$1.3B+18%	$1.4B+22%
Cost of revenue	$609M	$586M	$587M	$630M	$701M+15%	$641M+9%	$697M+19%	$763M+21%
Gross profit	$539M	$515M	$531M	$540M	$575M+7%	$549M+7%	$618M+16%	$666M+23%
R&D	$81M	$84M	$84M	$88M	$92M+14%	$90M+7%	$94M+12%	$98M+11%
SG&A	$156M	$142M	$140M	$154M	$159M+2%	$167M+18%	$173M+24%	$200M+30%
	$241M	$233M	$235M	$246M	$272M+13%	$216M−7%	$271M+15%	$276M+12%
Interest expense	$0	$0	$0	$0	$14M	$51M	$61M	$61M
Pre-tax income	$250M	$253M	$246M	$255M	$272M+9%	$189M−25%	$218M−11%	$199M−22%
	$43M	$32M	$47M	$57M	$49M+14%	$80M+150%	$56M+19%	$63M+11%
Net income	$199M	$213M	$193M	$188M	$211M+6%	$100M−53%	$151M−22%	$124M−34%
	$0.95	$1.01	$0.92	$0.90	$1.01+6%	$0.47−54%	$0.72−22%	$0.59−34%
	209M	211M	209.4M	209.4M	209M+0%	211.2M+0%	210.3M+0%	210.2M+0%

Gross profit: 8 periods, Q3 FY24 to Q2 FY26: not printed by the filing, worked out from its own lines.

Operating income: 8 periods, Q3 FY24 to Q2 FY26: not printed by the filing, worked out from its own lines.

EPS, diluted: Q4 FY24 and Q4 FY25: quarter's net income to common over its shares, to the cent.

Diluted shares: Q4 FY24: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY25: the earlier year to date counted no dilution: the quarter's basic count plus the later year to date's dilution.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Estimates

Next earnings report: Nov 4, 2026.

Quarter	Revenue	Range	EPS	Range	Analysts
Q3 FY26	$1.5B	$1.5B to $1.5B	$1.20	$1.18 to $1.21	5
Q4 FY26	$1.4B	$1.4B to $1.4B	$1.10	$1.06 to $1.16	5
Q1 FY27	$1.5B	$1.5B to $1.5B	$1.21	$1.17 to $1.27	3
Q2 FY27	$1.6B	$1.6B to $1.7B	$1.38	$1.34 to $1.44	3
Q3 FY27	$1.7B	$1.6B to $1.7B	$1.48	$1.44 to $1.55	3
Q4 FY27	$1.6B	$1.6B to $1.7B	$1.38	$1.35 to $1.45	3
Q1 FY28	$1.6B	$1.6B to $1.7B	$1.35	$1.31 to $1.41	4
Q2 FY28	$1.7B	$1.7B to $1.8B	$1.50	$1.46 to $1.57	4

Peers

Companies in Semiconductors nearest Qnity Electronics' size, closest first.

Company	Market cap	PE	Its 10y median PE	Fwd PE	P/S	Revenue growth	Net margin
QQnity Electronics	$23B	39.4×	45.0×	22.5×	4.4×	+15%	11.2%
ENTGEntegris	$20.6B	67.6×	42.9×	30.0×	6.2×	+3%	9.2%
CRDOCredo Technology	$27.7B	52.4×	110×	20.2×	17.4×	+165%	33.8%
ONON Semiconductor	$28.1B	46.3×	23.4×	18.7×	4.5×	−3%	10.2%
MTSIMACOM Technology Solutions	$18B	75.5×	83.2×	28.6×	15.5×	+28%	20.7%
LSCCLattice Semiconductor	$13.7B	370×	86.4×	n/m	21.0×	+33%	5.6%
MCHPMicrochip Technology	$40.2B	111×	58.2×	18.8×	7.8×	+21%	9.3%
SWKSSkyworks Solutions	$12.6B	43.2×	19.8×	n/m	3.1×	+0%	7.2%
SMTCSemtech	$12.3B	87.4×	59.1×	n/m	10.5×	+18%	13.1%
NXTNextpower	$12B	20.4×	18.3×	n/m	3.3×	+17%	16.4%
ALABAstera Labs	$44.6B	127×	173×	45.4×	37.1×	+98%	30.7%
Peer median	$19.3B	71.5×	58.6×	24.4×	9.2×	+19%	11.6%