Qnity Electronics, Inc. (Q)
Qnity Electronics, Inc. provides materials and solutions to the semiconductor and electronics industries in the United States, rest of Americas, Europe, the Middle East, Africa, Asia Pacific, China, South Korea, Taiwan, and internationally. The company operates in two segments, Semiconductor Technologies and Interconnect Solutions. Its Semiconductor Technologies segment offers chemical mechanical planarization (CMP) pads and slurries, photoresists, functional sub-layers, advanced overcoats, post-CMP cleaners, post-etch residue removers, and emerging cleans. The Interconnect Solutions segment provides copper pillar plating, copper redistribution layer, solder bump plating, under bump metallization, photoresists, packaging dielectrics, gap fillers, phase change, specialty thermal interface materials, thermally conductive insulators, copper playing solutions, dry film photoresists, and laminates and polyimide films. The company was formerly known as Novus SpinCo 1, Inc. and changed its name to Qnity Electronics, Inc. in April 2025. The company was incorporated in 2024 and is headquartered in Wilmington, Delaware.
- Symbol
- Q
- Exchange
- NYSE
- Sector
- Technology
- Industry
- Semiconductor Equipment & Materials
- Market cap
- $26.11B
- 52 week range
- 70.5 - 177.28
Valuation
- Share price
- $124.50 (close of 2026-09-23)
- P/E (TTM)
- 44.67x
- Price to book
- 3.46x
- Price to free cash flow
- 31.65x
- Enterprise value
- $29.17B
- Book value per share
- $36.02
Price performance
| Period | Change |
|---|
| 1 day | +2.20% |
| 5 days | +8.65% |
| 1 month | -3.40% |
| 3 months | -22.76% |
| 6 months | +8.34% |
| Year to date | +52.48% |
| All time | +30.63% |
Profitability and growth
- Return on equity
- 9.90%
- Return on assets
- 5.18%
- Gross margin
- 46.17%
- Net margin
- 15.33%
- EBITDA margin
- 29.51%
- Revenue growth
- 9.67%
- Net income growth
- 0.69%
- Free cash flow growth
- 14.75%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 3.16%
- Current ratio
- 2.01x
- Net debt to EBITDA
- 2.11x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $4.75B
- Cost of revenue
- $2.56B
- Gross profit
- $2.19B
- EBITDA
- $1.40B
- Net income
- $729.00M
- Earnings per share
- $3.30
- Research and development
- $354.00M
- Interest expense
- $65.00M
- Shares outstanding
- 209.60M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $4.75B | $2.19B | $729.00M | $3.30 |
| 2024-12-31 | $4.33B | $2.00B | $724.00M | $3.31 |
| 2023-12-31 | $4.04B | $1.75B | $533.00M | $2.42 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity |
|---|
| 2025-12-31 | 46.17% | 15.33% | 9.90% |
| 2024-12-31 | 46.04% | 16.70% | 6.64% |
| 2023-12-31 | 43.49% | 13.21% | 4.77% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $915.00M | $4.10B |
| 2024-12-31 | $166.00M | - |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $988.00M | $20.00M |
| 2024-12-31 | $861.00M | $13.00M |
| 2023-12-31 | $651.00M | $13.00M |
Dividend history
- Most recent payment
- 2026-08-31
- Paid in the last twelve months
- $0.30
| Payment date | Dividend per share |
|---|
| 2026-08-31 | $0.08 |
| 2026-05-29 | $0.08 |
| 2026-02-27 | $0.08 |
| 2025-11-28 | $0.06 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-17
- Consensus EPS estimate
- $1.18
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-04 | Jun/2026 | $1.07 |
| 2026-05-12 | - | - |
| 2026-02-26 | - | - |
| 2025-11-18 | - | - |
Filings and sources
- Company website
- qnityelectronics.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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