Analyst Consensus ?
ConsensusBuy4 ratings
Bullish4100.0%
Neutral00.0%
Bearish00.0%
Qnity Electronics, Inc. · Q · FY2025 Q4 · Calendar Q1 2026
Qnity pairs strong FY2025 growth with higher investment and transformation plans
The supplied analysis supports a constructive but conditional view: demand from AI, advanced semiconductor nodes, packaging and thermal management supports growth, while higher investment, memory exposure and transformation execution create the key tests.
Reported Before market openNYSETechnology
$26.30B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.82
Consensus $0.63
EPS surprise
+30.6%
Reported versus consensus
Reported revenue
$1.19B
Consensus $1.16B
Revenue surprise
+2.8%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+4.1%
Event window
SPY move
-0.6%
Same window
Abnormal move
+4.7%
Stock minus SPY
Volume
3.3×
Versus trailing sessions
Subsequent drift
-9.6%
Up to 20 sessions
QSPY benchmark
Ask FN2 about Q FY2025 Q4
Transcript, numbers and history already loaded
Why did Q rise 4.1% after beating EPS estimates in FY2025 Q4?What changed in Q's guidance and outlook in FY2025 Q4?Give me the bull and bear case for Q after FY2025 Q4 earnings.
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Transcript intelligence
What changed
The latest analysis adds a maintained FY2026 outlook, higher planned CapEx of 9% of sales, the Emblem CMP platform, a multi-year transformation plan targeting a $100 million EBITDA run-rate benefit by 2028, and a $500 million share-repurchase authorization.
Guidance delta
FY2026 guidance was maintained: sales of $4.97-$5.17 billion, adjusted EBITDA of $1.465-$1.575 billion, EPS of $3.55-$3.95, and free cash flow of $450-$550 million.
Key takeaways
- FY2025 organic sales grew 10%, with growth tied to AI, advanced nodes, packaging, interconnect and thermal-management demand.
- Management maintained FY2026 guidance while raising planned 2026 CapEx to 9% of sales.
- The transformation plan targets a $100 million EBITDA run-rate benefit by 2028, while execution and upfront costs remain important variables.
Management priorities
- Expand the local-for-local footprint and launch additional CMP, thermal and advanced-packaging products.
- Execute productivity, automation, AI-tool and supply-chain simplification initiatives.
- Balance higher CapEx with dividends, share repurchases and selective accretive acquisitions.
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Analyst 52W Price Targets
$125.74Current
$100Low
$151.67Average
$200High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 30, 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 |
|---|---|---|---|---|
| RBC Capital | Outperform | Outperform | Maintain | Jul 14, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Jul 6, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Jul 1, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Feb 27, 2026 |
Named analyst price targets
Upside is calculated against the persisted current price $125.74. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| RBC Capital | Analyst unavailable | $189 | $140.98 | +50.3% | Jul 14, 2026 |
| BMO Capital | Bhavesh Lodaya | $185 | $141.75 | +47.1% | Jul 6, 2026 |
| Mizuho Securities | Analyst unavailable | $180 | $163.4 | +43.2% | Jul 1, 2026 |
| RBC Capital | Arun Viswanathan | $200 | $165.62 | +59.1% | May 13, 2026 |
| Goldman Sachs | Analyst unavailable | $165 | $164.55 | +31.2% | May 13, 2026 |
| BMO Capital | Analyst unavailable | $180 | $168.36 | +43.2% | May 13, 2026 |
| Mizuho Securities | Analyst unavailable | $170 | $168.36 | +35.2% | May 13, 2026 |
| Deutsche Bank | Analyst unavailable | $180 | $168.36 | +43.2% | May 13, 2026 |
| Deutsche Bank | Melissa Weathers | $170 | $146.48 | +35.2% | May 7, 2026 |
| RBC Capital | Analyst unavailable | $150 | $143.5 | +19.3% | Apr 24, 2026 |
| Mizuho Securities | John Roberts | $150 | $129.34 | +19.3% | Apr 8, 2026 |
| Wolfe Research | Chris Parkinson | $134 | $124.78 | +6.6% | Feb 26, 2026 |
| RBC Capital | Analyst unavailable | $133 | $119.22 | +5.8% | Feb 25, 2026 |
| Mizuho Securities | Analyst unavailable | $120 | $113.46 | -4.6% | Feb 23, 2026 |
| Deutsche Bank | Melissa Weathers | $126 | $112.86 | +0.2% | Feb 20, 2026 |
| RBC Capital | Analyst unavailable | $118 | $98.52 | -6.2% | Jan 21, 2026 |
| Oppenheimer | Analyst unavailable | $100 | $76.63 | -20.5% | Dec 16, 2025 |
| RBC Capital | Analyst unavailable | $110 | $76.95 | -12.5% | Nov 25, 2025 |
| Deutsche Bank | Analyst unavailable | $92 | $75.8 | -26.8% | Nov 24, 2025 |
| Mizuho Securities | Analyst unavailable | $100 | $78.44 | -20.5% | Nov 20, 2025 |
| New Street | Analyst unavailable | $110 | $103.48 | -12.5% | Nov 3, 2025 |
| Fermium Research | Frank Mitsch | $105 | $103.48 | -16.5% | Nov 3, 2025 |
| RBC Capital | Analyst unavailable | $120 | $103.48 | -4.6% | Oct 29, 2025 |
| KeyBanc | Analyst unavailable | $117 | $103.48 | -7.0% | Oct 29, 2025 |
| BMO Capital | Analyst unavailable | $109 | $103.48 | -13.3% | Oct 28, 2025 |
| Goldman Sachs | James Schneider | $110 | $103.48 | -12.5% | 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 |
|---|---|---|---|---|
| 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 |
| SAIL SailPoint, Inc. | FY2027 Q2 · Calendar Q3 2026 | +13.8% | -1.2% | SailPoint pairs 25% ARR growth with accelerating AI-driven adoption |
| CIEN Ciena Corporation | FY2026 Q3 · Calendar Q3 2026 | +22.0% | -10.4% | Ciena raises outlook as AI networking demand lifts backlog |
| DOCU DocuSign, Inc. | FY2027 Q2 · Calendar Q3 2026 | +6.4% | +3.7% | DocuSign Q2 FY27: IAM momentum supports a raised outlook |
Latest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:36:15.940040+00:00
- Polygon adjusted daily market bars · 2026-09-30T20:46:10.312002+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-30T20:46:10.310353+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 2026-09-30. For educational purposes only; not investment advice.