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Information Technology · S&P 500 · data as of 2026-10-05

Q stock analysis: Qnity Electronics

Qnity Electronics (Q) is an S&P 500 company in Semiconductor Materials & Equipment. It grades weakest on momentum, value, profitability and growth.

The model's view of Q · subscribers

Where Q ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with Q · updated 2026-10-05 · from prices and SEC filings

Q price performance

Q against the S&P 500, one year
+0%+50%Q +38%S&P 500 +14%2025-10-272026-10-05
Year to date+61.4%S&P 500 +14.5% · ahead by 46.9 pts

Total returns with dividends reinvested.

Q factor grades

Each grade compares Q with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

D+ValueP/E 47.1x (industry 56.4x)FCF yield 3.0% (industry 1.3%)
D+GrowthRevenue growth +15% (industry +15%)EPS growth -26% (industry +38%)
D+Profitability
C-Momentum12-month change +38%From 52-wk high -25%

Q in plain numbers

Q key statistics

SectorInformation Technology
IndustrySemiconductor Materials & Equipment
IndexS&P 500
Market value$27.5B
Revenue growth (y/y)+15%
Free-cash-flow yield3.0%
Dividend yield0.2%
Next earnings (expected)2026-11-05
Valuation measures
Market value$27.5B
Enterprise value$26.6B
P/E (trailing)47.1x
Forward P/E (Torvanta estimate)45.9x
PEG (Torvanta estimate)17.32
Price / sales5.3x
Price / book3.8x
EV / revenue5.1x
Financial highlights
Revenue, last 12 months$5.2B
Net income, last 12 months$646.0M
EPS, last 12 months (GAAP)$2.79
Gross margin46.2%
Net margin12.4%
Return on equity7.0%
Cash$1.0B
Total debt$23.0M
Debt / equity0.00x
Free cash flow, last 12 months$825.0M
Current ratio2.01x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

Q earnings trends

Revenue vs earnings
$0$357.2M$714.5M$1.1B$1.4BSep 2024 Revenue: $1.1BDec 2024 Revenue: $1.1BMar 2025 Revenue: $1.1BJun 2025 Revenue: $1.2BSep 2025 Revenue: $1.3BDec 2025 Revenue: $1.2BMar 2026 Revenue: $1.3BJun 2026 Revenue: $1.4BSep 2024 Net income: $199.0MDec 2024 Net income: $244.0MMar 2025 Net income: $199.0MJun 2025 Net income: $198.0MSep 2025 Net income: $211.0MDec 2025 Net income: $137.0MMar 2026 Net income: $162.0MJun 2026 Net income: $136.0MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 17.3%Net margin: 22.2%Net margin: 17.8%Net margin: 16.9%Net margin: 16.5%Net margin: 11.5%Net margin: 12.3%Net margin: 9.5%0%11%22%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.3$0.5$0.8$1.0Sep 2024 EPS (GAAP, diluted): $1.0Dec 2024 EPS (GAAP, diluted): $1.0Mar 2025 EPS (GAAP, diluted): $0.9Jun 2025 EPS (GAAP, diluted): $0.9Sep 2025 EPS (GAAP, diluted): $1.0Dec 2025 EPS (GAAP, diluted): $0.5Mar 2026 EPS (GAAP, diluted): $0.7Jun 2026 EPS (GAAP, diluted): $0.6Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +6% · Dec 2025 -53% · Mar 2026 -22% · Jun 2026 -34%

From the company's 10-Q and 10-K filings with the SEC.

Qnity Electronics financials (from SEC filings)

Fiscal yearFY2025
Revenue$4.8B
Net income$745.0M
EPS (GAAP)$3.30
Free cash flow$1.0B

Q earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-04$0.59-34%+22%+0.2%
2026-05-12$0.72-22%+18%+5.3%
2026-02-26$0.47-53%+8%+6.9%
2026-01-16$0.47-53%+8%+4.3%
2025-11-06$1.01+6%+11%-6.4%

About Qnity Electronics

HeadquartersWilmington, DE
Industry (SEC code)Semiconductors & Related Devices
Fiscal year endsDecember 31
Incorporated inDE
Listed onNYSE
FormerlyNovus SpinCo 1, Inc.

From the company's SEC registration record.

Companies similar to Q

CompanyMarket valueP/ERevenue growthOperating margin12-month change
Q Qnity Electronics$27.5B47.1x+15%n/a+38%
TER Teradyne$69.5B61.1x+58%30.2%+206%compare
KLAC KLA Corp$270.3B56.4x+12%n/a+89%compare
AMAT Applied Materials$430.4B46.8x+8%29.6%+151%compare
LRCX Lam Research$432.7B60.0x+26%35.3%+138%

All Information Technology stock ratings

Frequently asked questions

Is Q stock a buy?

Torvanta does not tell individuals what to buy. Its grades for Q are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is Q's P/E ratio?

Q trades at about 47.1 times its last 12 months of GAAP earnings reported to the SEC, and about 45.9 times Torvanta's own estimate of the next 12 months.

When does Q report earnings next?

Based on its filing history, Torvanta expects Qnity Electronics to report around 2026-11-05.

Does Q pay a dividend?

Yes. Its dividend yield is about 0.2%.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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