Analyst Consensus ?
ConsensusBuy4 ratings
Bullish4100.0%
Neutral00.0%
Bearish00.0%
Qnity Electronics, Inc. · Q · FY2026 Q3 · Calendar Q4 2026
Qnity raises FY2026 outlook as AI and advanced-node demand drive growth
Qnity’s reported growth and higher full-year outlook indicate strong demand across advanced semiconductor nodes, packaging and thermal management. Whether that momentum can translate into durable growth depends on timely fab expansions, adequate capacity and continued customer demand.
Reported Before market openNYSETechnology
$24.87B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $1.20
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $1.49B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-0.3%
Event window
SPY move
+1.9%
Same window
Abnormal move
-2.2%
Stock minus SPY
Volume
0.9×
Versus trailing sessions
Subsequent drift
0.0%
Up to 20 sessions
QSPY benchmark
Ask FN2 about Q FY2026 Q3
Transcript, numbers and history already loaded
What drove Q's -0.3% move after FY2026 Q3 earnings?What changed in Q's guidance and outlook in FY2026 Q3?Give me the bull and bear case for Q after FY2026 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Qnity reported Q3 net sales of $1.6 billion, up 22% year over year, and adjusted EPS of $1.46, up 55%. Management raised its FY2026 revenue and adjusted EPS outlook. Compared with the prior quarter, the company cited stronger momentum from advanced-node and packaging wins and rapid growth in thermal management.
Guidance delta
Management raised FY2026 revenue guidance to $5.77–$5.83 billion and adjusted EPS guidance to $4.95–$5.05. The prior quarter’s ranges were $5.55–$5.65 billion in sales and $4.40–$4.60 in EPS. The supplied analysis notes no Q1 guidance and an expected modest Q1 performance.
Key takeaways
- Q3 net sales were $1.6 billion, up 22% year over year; adjusted EPS was $1.46, up 55%.
- Management raised full-year revenue and adjusted EPS guidance.
- Management cited 2-nm and HBM4 wins, AI-related demand, and thermal management as growth drivers.
- Fab build-out timing, seasonal inventory management and capacity availability remain important execution risks.
Management priorities
- Expand organic capacity in CMP, lithography and thermal solutions.
- Launch thermal and AI PCB products for advanced packaging and continue R&D for emerging packaging technologies.
- Pursue disciplined M&A and deepen customer partnerships.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$117.98Current
$100Low
$152.71Average
$211High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 4, 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 | Oct 15, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Oct 1, 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 $117.98. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| RBC Capital | Arun Viswanathan | $160 | $117.34 | +35.6% | Oct 15, 2026 |
| Truist Financial | Peter Osterland | $170 | $122.95 | +44.1% | Oct 14, 2026 |
| Barclays | Aleksey Yefremov | $211 | $123.21 | +78.8% | Oct 12, 2026 |
| Mizuho Securities | Analyst unavailable | $160 | $125.72 | +35.6% | Oct 1, 2026 |
| RBC Capital | Analyst unavailable | $189 | $140.98 | +60.2% | Jul 14, 2026 |
| BMO Capital | Bhavesh Lodaya | $185 | $141.75 | +56.8% | Jul 6, 2026 |
| Mizuho Securities | Analyst unavailable | $180 | $163.4 | +52.6% | Jul 1, 2026 |
| RBC Capital | Arun Viswanathan | $200 | $165.62 | +69.5% | May 13, 2026 |
| Goldman Sachs | Analyst unavailable | $165 | $164.55 | +39.8% | May 13, 2026 |
| BMO Capital | Analyst unavailable | $180 | $168.36 | +52.6% | May 13, 2026 |
| Mizuho Securities | Analyst unavailable | $170 | $168.36 | +44.1% | May 13, 2026 |
| Deutsche Bank | Analyst unavailable | $180 | $168.36 | +52.6% | May 13, 2026 |
| Deutsche Bank | Melissa Weathers | $170 | $146.48 | +44.1% | May 7, 2026 |
| RBC Capital | Analyst unavailable | $150 | $143.5 | +27.1% | Apr 24, 2026 |
| Mizuho Securities | John Roberts | $150 | $129.34 | +27.1% | Apr 8, 2026 |
| Wolfe Research | Chris Parkinson | $134 | $124.78 | +13.6% | Feb 26, 2026 |
| RBC Capital | Analyst unavailable | $133 | $119.22 | +12.7% | Feb 25, 2026 |
| Mizuho Securities | Analyst unavailable | $120 | $113.46 | +1.7% | Feb 23, 2026 |
| Deutsche Bank | Melissa Weathers | $126 | $112.86 | +6.8% | Feb 20, 2026 |
| RBC Capital | Analyst unavailable | $118 | $98.52 | +0.0% | Jan 21, 2026 |
| Oppenheimer | Analyst unavailable | $100 | $76.63 | -15.2% | Dec 16, 2025 |
| RBC Capital | Analyst unavailable | $110 | $76.95 | -6.8% | Nov 25, 2025 |
| Deutsche Bank | Analyst unavailable | $92 | $75.8 | -22.0% | Nov 24, 2025 |
| Mizuho Securities | Analyst unavailable | $100 | $78.44 | -15.2% | Nov 20, 2025 |
| New Street | Analyst unavailable | $110 | $103.48 | -6.8% | Nov 3, 2025 |
| Fermium Research | Frank Mitsch | $105 | $103.48 | -11.0% | Nov 3, 2025 |
| RBC Capital | Analyst unavailable | $120 | $103.48 | +1.7% | Oct 29, 2025 |
| KeyBanc | Analyst unavailable | $117 | $103.48 | -0.8% | Oct 29, 2025 |
| BMO Capital | Analyst unavailable | $109 | $103.48 | -7.6% | Oct 28, 2025 |
| Goldman Sachs | James Schneider | $110 | $103.48 | -6.8% | 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 |
|---|---|---|---|---|
| TRMB Trimble Inc. | FY2026 Q3 · Calendar Q4 2026 | — | -17.6% | Trimble Holds FY Revenue Outlook as AI Push Expands; Shares Fall |
| TOST Toast, Inc. | FY2026 Q3 · Calendar Q4 2026 | -20.1% | +5.9% | Toast lifts outlook as recurring profit growth holds at 27% |
| SMCI Super Micro Computer, Inc. | FY2027 Q1 · Calendar Q4 2026 | +47.2% | -4.2% | Super Micro Raises FY27 Revenue Outlook After Record Q1 |
| XYZ Block, Inc. | FY2026 Q3 · Calendar Q4 2026 | +9.7% | +14.9% | Block raises its outlook as AI monetization and Neighborhoods advance |
| SWKS Skyworks Solutions, Inc. | FY2026 Q4 · Calendar Q4 2026 | +0.8% | -6.9% | Skyworks’ Qorvo merger broadens portfolio as smartphone softness persists |
| ANET Arista Networks, Inc. | FY2026 Q3 · Calendar Q4 2026 | +11.1% | +9.9% | Arista reports record Q3 growth and raises FY2026 and FY2027 targets |
Latest beats and misses
Who reports nextBeat on EPS
- AIZFY2026 Q3 · November 3, 2026+29.5% EPS+4.2% move
- AIZNFY2026 Q3 · November 3, 2026+36.0% EPS+0.5% move
- SMCIFY2027 Q1 · November 3, 2026+47.2% EPS-4.2% move
- XYZFY2026 Q3 · November 3, 2026+9.7% EPS+14.9% move
- AMGNFY2026 Q3 · November 3, 2026+11.4% EPS+1.6% move
- SWKSFY2026 Q4 · November 3, 2026+0.8% EPS-6.9% move
Missed on EPS
- BSACFY2026 Q3 · October 30, 2026-20.0% EPS-3.0% move
- TXFY2026 Q3 · November 3, 2026-24.9% EPS-0.0% move
- CHTFY2026 Q3 · November 4, 2026-55.7% EPS+0.9% move
- TOSTFY2026 Q3 · November 3, 2026-20.1% EPS+5.9% move
- CPNGFY2026 Q3 · November 3, 2026-90.3% EPS+13.3% move
- TLNFY2026 Q3 · November 3, 2026-65.4% EPS+7.3% move
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Sources
- Earnings call transcript and parsed analysis · 2026-11-04T18:08:48.118733+00:00
- FN2 earnings calendar · 2026-11-04T01:23:13.345574+00:00
- Polygon adjusted daily market bars · 2026-11-04T18:10:45.801987+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-04T18:10:45.799182+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 2026-11-04. For educational purposes only; not investment advice.