Analyst Consensus ?
ConsensusBuy4 ratings
Bullish4100.0%
Neutral00.0%
Bearish00.0%
Qnity Electronics, Inc. · Q · FY2026 Q2 · Calendar Q3 2026
Qnity lifts full-year outlook as AI and advanced nodes drive growth
Qnity's Q2 analysis supports a constructive growth case: AI and advanced-node demand drove strong organic growth, while management raised full-year guidance. The main tests are whether capacity and investments can scale without sustained margin pressure and how demand behaves through the expected Q4 seasonal dip.
Reported Before market openNYSETechnology
$25.50B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.19
Consensus $1.07
EPS surprise
+11.2%
Reported versus consensus
Reported revenue
$1.43B
Consensus $1.36B
Revenue surprise
+4.7%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+6.3%
Event window
SPY move
+1.8%
Same window
Abnormal move
+4.5%
Stock minus SPY
Volume
1.6×
Versus trailing sessions
Subsequent drift
-18.5%
Up to 20 sessions
QSPY benchmark
Ask FN2 about Q FY2026 Q2
Transcript, numbers and history already loaded
Why did Q rise 6.3% after beating EPS estimates in FY2026 Q2?What changed in Q's guidance and outlook in FY2026 Q2?Give me the bull and bear case for Q after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, Qnity reported faster organic growth at 22%, highlighted more than 20% advanced-node revenue growth, introduced Optivision Max, and again raised full-year guidance. Management also emphasized continued capacity and transformation investment.
Guidance delta
Management raised full-year guidance to $5.55-$5.65 billion in sales and $4.40-$4.60 EPS.
Key takeaways
- Organic revenue grew 22% year over year in Q2, with adjusted EPS up 53%.
- Advanced-node revenue grew more than 20%, exceeding prior guidance expectations.
- Interconnect Solutions delivered 28% organic growth.
- Management linked demand to AI, high-performance computing, advanced connectivity, and rising material intensity from the shift from shrink to stack.
Management priorities
- Expand capacity under the local-for-local model.
- Roll out Optivision Max polishing pads across advanced nodes.
- Continue innovation in pulse plating, thermal interfaces, and CMP consumables.
- Complete IT independence migration for two-thirds of sites by year-end.
- Pursue selective bolt-on acquisitions in advanced packaging and thermal management.
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Miss
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Analyst 52W Price Targets
$121.82Previous close
$100Low
$151.67Average
$200High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Sep 22, 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 previous close $121.82. 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 | +55.1% | Jul 14, 2026 |
| BMO Capital | Bhavesh Lodaya | $185 | $141.75 | +51.9% | Jul 6, 2026 |
| Mizuho Securities | Analyst unavailable | $180 | $163.4 | +47.8% | Jul 1, 2026 |
| RBC Capital | Arun Viswanathan | $200 | $165.62 | +64.2% | May 13, 2026 |
| Goldman Sachs | Analyst unavailable | $165 | $164.55 | +35.4% | May 13, 2026 |
| BMO Capital | Analyst unavailable | $180 | $168.36 | +47.8% | May 13, 2026 |
| Mizuho Securities | Analyst unavailable | $170 | $168.36 | +39.6% | May 13, 2026 |
| Deutsche Bank | Analyst unavailable | $180 | $168.36 | +47.8% | May 13, 2026 |
| Deutsche Bank | Melissa Weathers | $170 | $146.48 | +39.6% | May 7, 2026 |
| RBC Capital | Analyst unavailable | $150 | $143.5 | +23.1% | Apr 24, 2026 |
| Mizuho Securities | John Roberts | $150 | $129.34 | +23.1% | Apr 8, 2026 |
| Wolfe Research | Chris Parkinson | $134 | $124.78 | +10.0% | Feb 26, 2026 |
| RBC Capital | Analyst unavailable | $133 | $119.22 | +9.2% | Feb 25, 2026 |
| Mizuho Securities | Analyst unavailable | $120 | $113.46 | -1.5% | Feb 23, 2026 |
| Deutsche Bank | Melissa Weathers | $126 | $112.86 | +3.4% | Feb 20, 2026 |
| RBC Capital | Analyst unavailable | $118 | $98.52 | -3.1% | Jan 21, 2026 |
| Oppenheimer | Analyst unavailable | $100 | $76.63 | -17.9% | Dec 16, 2025 |
| RBC Capital | Analyst unavailable | $110 | $76.95 | -9.7% | Nov 25, 2025 |
| Deutsche Bank | Analyst unavailable | $92 | $75.8 | -24.5% | Nov 24, 2025 |
| Mizuho Securities | Analyst unavailable | $100 | $78.44 | -17.9% | Nov 20, 2025 |
| New Street | Analyst unavailable | $110 | $103.48 | -9.7% | Nov 3, 2025 |
| Fermium Research | Frank Mitsch | $105 | $103.48 | -13.8% | Nov 3, 2025 |
| RBC Capital | Analyst unavailable | $120 | $103.48 | -1.5% | Oct 29, 2025 |
| KeyBanc | Analyst unavailable | $117 | $103.48 | -4.0% | Oct 29, 2025 |
| BMO Capital | Analyst unavailable | $109 | $103.48 | -10.5% | Oct 28, 2025 |
| Goldman Sachs | James Schneider | $110 | $103.48 | -9.7% | 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 |
|---|---|---|---|---|
| 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 |
| IOT Samsara Inc. | FY2027 Q2 · Calendar Q3 2026 | +25.0% | +3.7% | Samsara: AI adoption expands as FY27 guidance holds |
Latest beats and misses
Who reports nextBeat on EPS
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
- ORCLFY2027 Q1 · September 10, 2026+10.3% EPS-1.7% move
- CASYFY2027 Q1 · September 8, 2026+8.7% EPS-14.2% move
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Sources
- Earnings call transcript and parsed analysis · 2026-08-11T17:15:24.709765+00:00
- FN2 earnings calendar · 2026-09-09T01:23:14.388487+00:00
- Polygon adjusted daily market bars · 2026-09-22T06:40:50.426059+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-22T06:40:50.423244+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.