Is Qnity Electronics (Q) overvalued or fairly valued?

MarketChacha shows Qnity Electronics's valuation in context — a trailing P/E of about 37.4, a forward P/E of about 22.4, a price-to-book of about 3.5 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Qnity Electronics's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.62×) from reported figures — education, not a rating.

What is Qnity Electronics's revenue?

Qnity Electronics reported revenue of $4.8B for FY2025, with net profit of $729.0M, per official filings.

What is the share price of Qnity Electronics (Q)?

Qnity Electronics last traded at $120.47 (+1.7% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Qnity Electronics

Q · NYSE · Technology · United States

Snapshot

TickerQ

ExchangeNYSE

SectorTechnology

IndustrySemiconductor Equipment & Materials

CountryUnited States

Employees10,000

HeadquartersWilmington, United States

Websitewww.qnityelectronics.com

Filings tracked15

About Qnity Electronics

Qnity Electronics, Inc. provides materials and solutions to the semiconductor and electronics industries in the United States, rest of Americas, Europe, the Middle East, Africa, Asia Pacific, China, South Korea, Taiwan, and internationally. The company operates in two segments, Semiconductor Technologies and Interconnect Solutions. Its Semiconductor Technologies segment offers chemical mechanical planarization (CMP) pads and slurries, photoresists, functional sub-layers, advanced overcoats, post-CMP cleaners, post-etch residue removers, and emerging cleans. The Interconnect Solutions segment provides copper pillar plating, copper redistribution layer, solder bump plating, under bump metallization, photoresists, packaging dielectrics, gap fillers, phase change, specialty thermal interface materials, thermally conductive insulators, copper playing solutions, dry film photoresists, and laminates and polyimide films. The company was formerly known as Novus SpinCo 1, Inc. and changed its name to Qnity Electronics, Inc. in April 2025. The company was incorporated in 2024 and is headquartered in Wilmington, Delaware.

Who owns it

Insiders0.1%
Institutions78.8%
Public & other21.2%

1,674 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.7.67%
Vanguard Capital Management LLC6.54%
Vanguard Portfolio Management LLC4.88%
State Street Corporation4.48%
Geode Capital Management, LLC2.67%
Durable Capital Partners Lp2.18%
Allspring Global Investments Holdings, LLC2.08%
Invesco Ltd.1.94%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.62×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend13.2% → 15.3%

Margin has expanded by about 2.1 points — the business is getting more profitable.

Growth qualityrev 9% · PAT 17%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $1.4B · EPS 1.08

Est. earnings growth +31.9%

Next fiscal year

Rev $6.3B · EPS 5.38

Est. earnings growth +17.3%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 6

Revenue (FY2025)

$4.8B

Net margin

15.3%

ROE

10.3%

Revenue CAGR (2y)

+8.5%

Profit CAGR (2y)

+16.9%

EPS (FY2025)

3.30

Net profit (FY2025)

$729.0M

Ask MarketChacha about Q

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$4.8B	$729.0M	3.30	15.3%	10.3%
FY2024	$4.3B	$724.0M	3.31	16.7%	6.8%
FY2023	$4.0B	$533.0M	2.42	13.2%	—

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$1.4B	$136.0M	0.59	9.5%
2026Q1	$1.3B	$162.0M	0.72	12.3%
2025Q3	$1.3B	$211.0M	1.01	16.5%
2025Q2	$1.2B	$198.0M	0.90	16.9%
2025Q1	$1.1B	$199.0M	0.92	17.8%
2024Q3	$1.1B	$199.0M	0.95	17.3%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC8/4/2026
8-K — Results of operations, Exhibits
SEC8/4/2026material
8-K — Material agreement, Material financial obligation, Exhibits
SEC7/1/2026material
8-K — Shareholder vote results
SEC5/22/2026material
8-K — Results of operations, Exhibits
SEC5/12/2026material
10-Q filing
SEC5/12/2026
8-K — Results of operations, Exhibits
SEC2/26/2026material
10-K filing
SEC2/26/2026
8-K — Results of operations, Executive/director change, Exhibits
SEC1/16/2026material

2025

8-K — Executive/director change, Reg FD disclosure, Other events, Exhibits
SEC12/9/2025material
8-K — Other events
SEC12/4/2025material
10-Q filing
SEC11/18/2025
8-K — Results of operations, Exhibits
SEC11/6/2025material
8-K — Material agreement, Material financial obligation, Security holder rights, Change in control, Executive/director change, Bylaw/charter change, Other events, Exhibits
SEC11/3/2025material
8-K — Bylaw/charter change, Other events, Exhibits
SEC10/15/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.