Analyst Consensus ?
ConsensusBuy4 ratings
Bullish4100.0%
Neutral00.0%
Bearish00.0%
Qnity Electronics, Inc. · Q · FY2025 Q3 · Calendar Q4 2025
Qnity raises 2025 sales outlook as AI demand supports growth
The call supports a constructive operating thesis: demand tied to AI and high-performance computing, advanced node transitions, packaging, and thermal management is supporting growth, while raised sales guidance and planned capacity investment reinforce the trajectory. The main tests are whether growth remains after the one-time timing benefit, whether EBITDA keeps pace with sales, and whether capacity can meet demand.
Reported After market closeNYSETechnology
$27.53B market cap
90quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.74
Consensus $0.66
EPS surprise
+13.0%
Reported versus consensus
Reported revenue
$1.30B
Consensus $1.19B
Revenue surprise
+8.9%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-1.1%
Event window
SPY move
+0.1%
Same window
Abnormal move
-1.2%
Stock minus SPY
Volume
0.5×
Versus trailing sessions
Subsequent drift
-8.7%
Up to 20 sessions
QSPY benchmark
Ask FN2 about Q FY2025 Q3
Transcript, numbers and history already loaded
Why did Q fall 1.1% after beating EPS estimates in FY2025 Q3?What changed in Q's guidance and outlook in FY2025 Q3?Give me the bull and bear case for Q after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The company raised full-year 2025 net sales guidance to $4.7 billion and highlighted a newly independent operating model, with continued investment planned in capacity and product development. The quarter also included a $40 million order-timing acceleration that added about 3% to sales and will not recur.
Guidance delta
Management raised full-year 2025 net sales guidance to $4.7 billion while maintaining EBITDA expectations of about $1.4 billion, or roughly a 30% margin.
Key takeaways
- Qnity reported 11% year-over-year sales growth and strong profitability in its first reported period as an independent company.
- Management linked demand to AI and high-performance computing, advanced nodes, advanced packaging, and thermal solutions.
- A $40 million order-timing acceleration added about 3% to Q3 sales and is not expected to recur.
- The company plans to invest roughly 13% of net sales in R&D and capital to expand capacity and support node transitions.
Management priorities
- Expand CMP, packaging, and thermal capacity through continued R&D and capital investment.
- Simplify the global footprint across SG&A, IT systems, legal entities, and warehouses.
- Pursue selective inorganic opportunities in thermal management and advanced packaging.
- Deepen collaboration with chip fabricators, OEMs, and customers on node transitions while maintaining margin discipline.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$131.53Current
$100Low
$150.33Average
$200High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 6, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Mizuho | Outperform | Outperform | Maintain | Oct 1, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Jul 14, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Jul 6, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Feb 27, 2026 |
Named analyst price targets
Upside is calculated against the persisted current price $131.53. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Mizuho Securities | Analyst unavailable | $160 | $125.72 | +21.6% | Oct 1, 2026 |
| RBC Capital | Analyst unavailable | $189 | $140.98 | +43.7% | Jul 14, 2026 |
| BMO Capital | Bhavesh Lodaya | $185 | $141.75 | +40.7% | Jul 6, 2026 |
| Mizuho Securities | Analyst unavailable | $180 | $163.4 | +36.9% | Jul 1, 2026 |
| RBC Capital | Arun Viswanathan | $200 | $165.62 | +52.1% | May 13, 2026 |
| Goldman Sachs | Analyst unavailable | $165 | $164.55 | +25.4% | May 13, 2026 |
| BMO Capital | Analyst unavailable | $180 | $168.36 | +36.9% | May 13, 2026 |
| Mizuho Securities | Analyst unavailable | $170 | $168.36 | +29.2% | May 13, 2026 |
| Deutsche Bank | Analyst unavailable | $180 | $168.36 | +36.9% | May 13, 2026 |
| Deutsche Bank | Melissa Weathers | $170 | $146.48 | +29.2% | May 7, 2026 |
| RBC Capital | Analyst unavailable | $150 | $143.5 | +14.0% | Apr 24, 2026 |
| Mizuho Securities | John Roberts | $150 | $129.34 | +14.0% | Apr 8, 2026 |
| Wolfe Research | Chris Parkinson | $134 | $124.78 | +1.9% | Feb 26, 2026 |
| RBC Capital | Analyst unavailable | $133 | $119.22 | +1.1% | Feb 25, 2026 |
| Mizuho Securities | Analyst unavailable | $120 | $113.46 | -8.8% | Feb 23, 2026 |
| Deutsche Bank | Melissa Weathers | $126 | $112.86 | -4.2% | Feb 20, 2026 |
| RBC Capital | Analyst unavailable | $118 | $98.52 | -10.3% | Jan 21, 2026 |
| Oppenheimer | Analyst unavailable | $100 | $76.63 | -24.0% | Dec 16, 2025 |
| RBC Capital | Analyst unavailable | $110 | $76.95 | -16.4% | Nov 25, 2025 |
| Deutsche Bank | Analyst unavailable | $92 | $75.8 | -30.1% | Nov 24, 2025 |
| Mizuho Securities | Analyst unavailable | $100 | $78.44 | -24.0% | Nov 20, 2025 |
| New Street | Analyst unavailable | $110 | $103.48 | -16.4% | Nov 3, 2025 |
| Fermium Research | Frank Mitsch | $105 | $103.48 | -20.2% | Nov 3, 2025 |
| RBC Capital | Analyst unavailable | $120 | $103.48 | -8.8% | Oct 29, 2025 |
| KeyBanc | Analyst unavailable | $117 | $103.48 | -11.0% | Oct 29, 2025 |
| BMO Capital | Analyst unavailable | $109 | $103.48 | -17.1% | Oct 28, 2025 |
| Goldman Sachs | James Schneider | $110 | $103.48 | -16.4% | Oct 28, 2025 |
Track every rating change on Q the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationQnity Electronics, Inc. specializes in providing electronic solutions and materials essential for manufacturing semiconductor chips, alongside advanced electronic materials. Previously known as Novus SpinCo 1, Inc., the company officially adopted its current name, Qnity Electronics, Inc., in April 2025. Its operations are headquartered in Wilmington, Delaware.
Historical context
All Q earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| ACN Accenture plc | FY2026 Q4 · Calendar Q4 2026 | +3.5% | +15.8% | Accenture: AI demand supports strong Q4, while pricing and geopolitics remain risks |
| JBL Jabil Inc. | FY2026 Q4 · Calendar Q3 2026 | +8.1% | -10.0% | Jabil enters FY2027 with AI-led growth and capacity risks |
| MU Micron Technology, Inc. | FY2026 Q4 · Calendar Q3 2026 | +5.4% | +0.0% | Micron: Strong AI Memory Demand, Higher Capex, and HBM4E Ahead |
| SNX TD Synnex Corp | FY2026 Q3 · Calendar Q3 2026 | +20.9% | -9.9% | TD SYNNEX: AI-led growth accelerates, but mix and cash flow matter |
| ADBE Adobe Inc. | FY2026 Q3 · Calendar Q3 2026 | +0.8% | +1.4% | Adobe raises FY26 outlook as AI strategy broadens |
| ORCL Oracle Corporation | FY2027 Q1 · Calendar Q3 2026 | +10.3% | -1.7% | Oracle raises FY27 outlook as AI demand accelerates cloud growth |
Latest beats and misses
Who reports nextBeat on EPS
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- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
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Get the Q recap when the next report posts
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-06T03:40:42.159814+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-06T03:40:42.157035+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-06. For educational purposes only; not investment advice.