Analyst Consensus ?
ConsensusBuy4 ratings
Bullish4100.0%
Neutral00.0%
Bearish00.0%
Qnity Electronics, Inc. · Q · FY2026 Q1 · Calendar Q2 2026
Qnity Electronics Beats Q1 Estimates, Raises Guidance on AI Demand and NVIDIA-Apple Partnerships
Qnity delivered a record first quarter with 17% organic revenue growth and double-digit beats on both EPS and revenue, powered by AI-driven demand for advanced semiconductor materials and interconnect solutions. New strategic partnerships with NVIDIA and Apple, along with raised full-year guidance, reinforce the company's positioning in the AI infrastructure supply chain. However, a -17% post-earnings stock drift and raw-material cost headwinds suggest the market is weighing near-term margin and capacity execution risks against the bullish demand backdrop.
Reported Before market openNYSETechnology
$25.85B market cap
100quality score
Company 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.
Earnings scorecard
Reported versus consensus
Reported EPS
$1.08
Consensus $1
EPS surprise
+17.1%
Reported versus consensus
Reported revenue
$1.31B
Consensus $1.27B
Revenue surprise
+3.5%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$133.85Current
$100Low
$151.67Average
$200High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Jul 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 $133.85. 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 | +41.2% | Jul 14, 2026 |
| BMO Capital | Bhavesh Lodaya | $185 | $141.75 | +38.2% | Jul 6, 2026 |
| Mizuho Securities | Analyst unavailable | $180 | $163.4 | +34.5% | Jul 1, 2026 |
| RBC Capital | Arun Viswanathan | $200 | $165.62 | +49.4% | May 13, 2026 |
| Goldman Sachs | Analyst unavailable | $165 | $164.55 | +23.3% | May 13, 2026 |
| BMO Capital | Analyst unavailable | $180 | $168.36 | +34.5% | May 13, 2026 |
| Mizuho Securities | Analyst unavailable | $170 | $168.36 | +27.0% | May 13, 2026 |
| Deutsche Bank | Analyst unavailable | $180 | $168.36 | +34.5% | May 13, 2026 |
| Deutsche Bank | Melissa Weathers | $170 | $146.48 | +27.0% | May 7, 2026 |
| RBC Capital | Analyst unavailable | $150 | $143.5 | +12.1% | Apr 24, 2026 |
| Mizuho Securities | John Roberts | $150 | $129.34 | +12.1% | Apr 8, 2026 |
| Wolfe Research | Chris Parkinson | $134 | $124.78 | +0.1% | Feb 26, 2026 |
| RBC Capital | Analyst unavailable | $133 | $119.22 | -0.6% | Feb 25, 2026 |
| Mizuho Securities | Analyst unavailable | $120 | $113.46 | -10.3% | Feb 23, 2026 |
| Deutsche Bank | Melissa Weathers | $126 | $112.86 | -5.9% | Feb 20, 2026 |
| RBC Capital | Analyst unavailable | $118 | $98.52 | -11.8% | Jan 21, 2026 |
| Oppenheimer | Analyst unavailable | $100 | $76.63 | -25.3% | Dec 16, 2025 |
| RBC Capital | Analyst unavailable | $110 | $76.95 | -17.8% | Nov 25, 2025 |
| Deutsche Bank | Analyst unavailable | $92 | $75.8 | -31.3% | Nov 24, 2025 |
| Mizuho Securities | Analyst unavailable | $100 | $78.44 | -25.3% | Nov 20, 2025 |
| New Street | Analyst unavailable | $110 | $103.48 | -17.8% | Nov 3, 2025 |
| Fermium Research | Frank Mitsch | $105 | $103.48 | -21.6% | Nov 3, 2025 |
| RBC Capital | Analyst unavailable | $120 | $103.48 | -10.3% | Oct 29, 2025 |
| KeyBanc | Analyst unavailable | $117 | $103.48 | -12.6% | Oct 29, 2025 |
| BMO Capital | Analyst unavailable | $109 | $103.48 | -18.6% | Oct 28, 2025 |
| Goldman Sachs | James Schneider | $110 | $103.48 | -17.8% | Oct 28, 2025 |
Track every rating change on Q the moment it posts. Free to start.
Start freeMarket reaction
prior-close to event-session close
Stock move
+9.9%
Event window
SPY move
-0.2%
Same window
Abnormal move
+10.0%
Stock minus SPY
Volume
2.6×
Versus trailing sessions
Subsequent drift
-17.0%
Up to 20 sessions
QSPY benchmark
Follow Q with an agent that reads every filing, transcript, and price print. Free to start.
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What changed
Q1 FY2026 organic sales grew 17% YoY to $1.315 billion, beating the $1.271 billion consensus estimate by 3.5%. EPS of $1.08 exceeded the $0.922 estimate by 17.1%. The Interconnect Solutions segment grew 22% organic, led by advanced packaging, thermal management, and AI PCB interconnects. Management announced a collaboration with NVIDIA to co-develop materials for next-generation AI and HPC platforms, and inclusion in Apple's American manufacturing program as a trusted supplier. Full-year guidance was raised across sales, EBITDA, and EPS. The stock reacted with a +10.0% abnormal move on the report day (May 12, 2026) on 2.63x baseline volume, but subsequently drifted -17.0%.
Guidance delta
Management raised full-year FY2026 guidance for sales, EBITDA, and EPS, citing robust demand and continued execution. The prior quarter's initial FY2026 outlook called for sales of $4.97 to $5.17 billion, adjusted EBITDA of approximately $1.5 billion, EPS of $3.55 to $3.95, and free cash flow of $450 to $550 million. The raise reflects Q1's strong beat and the contribution of new partnership pipelines.
Key takeaways
- Q1 organic revenue grew 17% YoY to $1.315B, beating estimates by 3.5%
- EPS of $1.08 beat the $0.922 consensus by 17.1%
- Interconnect Solutions grew 22% organic on advanced packaging, thermal management, and AI PCB demand
- New NVIDIA collaboration to co-develop materials for next-gen AI and HPC platforms
- Inclusion in Apple's American manufacturing program as a trusted supplier
- Full-year FY2026 guidance raised across sales, EBITDA, and EPS
Management priorities
- Scale up CMP and advanced cleaning material lines for 2nm, 3nm, and sub-10 angstrom nodes
- Introduce new lithography sub-layer products for EUV processes
- Expand AI PCB and thermal management portfolios
- Complete Taiwan site build-out and increase Delaware production capacity
- Continue R&D partnership with NVIDIA and deepen relationship with Apple
Related earnings events
TechnologySources
- Earnings call transcript and parsed analysis · 2026-05-12T17:17:48.544137+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-07-30T15:33:12.071880+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-30T15:33:12.068835+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 . For educational purposes only; not investment advice.