Latest revenue
$1.31B
as of 2026-03-31
Latest net income
—
as of 2026-03-31
Net margin
—
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $32.85B
- Enterprise value
- $34.45B
- P/E (trailing)
- 38.9×
- Forward P/E
- —
- P/B
- 3.60×
- Dividend yield
- 0.1%
- 52-wk high
- $171.52
- 52-wk low
- $72.81
- Beta
- —
- Shares out
- 209.3M
5-year trend
dashed bar = fiscal Q4 derived from 10-K annual − Q1 − Q2 − Q3 (SEC requires only three 10-Qs per year).
What this company does
Qnity Electronics makes specialty materials for semiconductor and advanced electronics manufacturing, including chemicals, films, and packaging components used in chip fabrication and circuit assembly. The company generates revenue by selling these materials to semiconductor foundries and electronics manufacturers, posting $3.56 billion in nine-month sales with gross margins near 46%. Qnity began trading on the NYSE on November 3, 2025 after spinning off from DuPont, taking on $1.75 billion in new debt and distributing $2.3 billion to its former parent.
Generated from Q's filing dated 2026-02-26
Key risks
- Recent spin-off: Qnity separated from DuPont November 1, 2025; combined financials may not reflect standalone cost structure or future performance.
- New leverage: $1.75B long-term debt issued in 2025 (vs. $0 prior year) plus $2.3B transferred to Parent, draining equity from $10.9B to $9.4B.
- Cost inflation pressuring margins: cost of sales grew 15% YTD vs. 10% sales growth; gross margin compressed as COGS/sales rose to 53.8%.
Generated from Q's filing dated 2026-02-26
Leverage
Debt / equity
0.98×
542.4%Long-term debt / equity
0.56×
Debt / assets
49.6%
273.5%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $1.31B | +17.6% | — | — | — |
Q3 2025 2025-09-30 | $1.28B | +11.1% | $211.0M | +6.0% | 16.5% |
Q1 2025 2025-03-31 | $1.12B | — | — | — | — |
Q3 2024 2024-09-30 | $1.15B | — | $199.0M | — | 17.3% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Semiconductors & Related Devices · SIC 3674
Your notes
Keep private notes on Q — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$329.6K
Insider selling
$828.2K
Net activity
−$498.6K
Distinct insiders
5
Open-market trades over the last 365 days.
Recent transactions
| Date | Insider | Type | Shares | Price | Value | |
|---|---|---|---|---|---|---|
| 2025-12-11 | Michael G. Goss VP & Controller | Sale | 1,895 | $84.79 | $160.7K | |
| 2025-12-11 | Jon D. Kemp Chief Executive Officer | Sale | 5,655 | $85.01 | $480.7K |
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns Q
Institutional value
$7.51B
Total shares held
66.5M
Distinct holders
765
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 13.6M | $1.57B | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 10.7M | $1.23B | — | New |
| 3 | Allspring Global Investments Holdings, LLC | 4.4M | $518.8M | — | New |
| 4 | Invesco Ltd. | 3.5M | $406.3M | — | New |
| 5 | Nuveen, LLC | 1.9M | $222.5M | — | New |
| 6 | JANE STREET GROUP, LLC | 1.7M | $201.0M | — | New |
| 7 | DIMENSIONAL FUND ADVISORS LP | 1.7M | $191.6M | — | New |
| 8 | DEUTSCHE BANK AG\ | 1.3M | $155.4M | — | New |
| 9 | Legal & General Group Plc | 1.3M | $155.1M | — | New |
| 10 | Bank of New York Mellon Corp | 1.3M | $154.0M | — | New |
| 11 | VANGUARD FIDUCIARY TRUST CO | 1.2M | $136.0M | — | New |
| 12 | Boston Partners | 1.0M | $117.2M | — | New |
| 13 | PRIMECAP MANAGEMENT CO/CA/ | 970.5K | $112.0M | — | New |
| 14 | WELLS FARGO & COMPANY/MN | 875.1K | $101.0M | — | New |
| 15 | UBS Group AG | 838.4K | $96.7M | — | New |
| 16 | M&T BANK CORP | 796.2K | $91.9M | — | New |
| 17 | BNP PARIBAS FINANCIAL MARKETS | 723.6K | $83.5M | — | New |
| 18 | Swiss National Bank | 614.7K | $70.9M | — | New |
| 19 | Mitsubishi UFJ Asset Management Co., Ltd. | 527.9K | $60.9M | — | New |
| 20 | GREAT LAKES ADVISORS, LLC | 464.1K | $53.5M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
With $1.72B new long-term debt and only $128M cash post-spin, what's your targeted leverage ratio and capital return policy for 2026?
- 2
Gross margin compressed to 45% in Q3 from 47% a year ago despite 11% revenue growth—what's driving the cost-of-sales deleverage?
- 3
Capex jumped 60% to $214M YTD; quantify the AI/advanced-packaging demand underwriting this and expected utilization ramp.
Refreshed when Q files a new report · last from 2026-02-26