Qnity Electronics, Inc. specializes in providing electronic solutions and materials essential for manufacturing semiconductor chips, alongside advanced electronic materials. Previously known as ...
Qnity Electronics, Inc. (NYSE: Q) is a global leader in advanced electronics materials and solutions, operating as an independent, publicly traded company following its spin-off from DuPont in November 2025. The company specializes in providing electronic solutions and materials essential for manufacturing semiconductor chips, alongside advanced electronic materials, and aims ...Qnity Electronics, Inc. (NYSE: Q) is a global leader in advanced electronics materials and solutions, operating as an independent, publicly traded company following its spin-off from DuPont in November 2025. The company specializes in providing electronic solutions and materials essential for manufacturing semiconductor chips, alongside advanced electronic materials, and aims to empower AI, high-performance computing, and advanced connectivity. Qnity operates through two business segments: Semiconductor Technologies and Interconnect Solutions, offering products such as photoresists, CMP slurries, advanced packaging materials, and interconnect technologies. With a market cap of approximately $28.9 billion, the company generated a revenue of $5.2 billion in the last fiscal year, with a gross profit margin of 43.3% and a net profit margin of 11.2%. Its financial performance is strong, with a return on equity of 7.6% and a dividend yield of 0.2%. The company is led by CEO Jon D. Kemp, who previously served in a leadership role at DuPont, and has a workforce of approximately 10,000 employees worldwide. Qnity emphasizes innovation and sustainability, with R&D expenses accounting for 7.2% of revenue, and maintains a strong market position with a beta of 1.78, indicating higher volatility than the market. The company's future plans include accelerating growth through strategic investments in high-growth areas such as AI and advanced packaging, leveraging its leading position in semiconductor materials. With a focus on operational excellence and customer-centric solutions, Qnity is well-positioned to capitalize on the growing demand for advanced electronics in the digital age.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$4.8B
+9.7%
+8.7%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$692.0M
-0.1%
-17.9%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+41.8%
-9.3%
+8.3%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+21.3%
+9.2%
-15.1%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+14.6%
-8.9%
-24.4%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$988.0M
+14.8%
+1061.5%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+20.8%
+4.6%
+968.9%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
70.2%
+3811.5%
-1.1%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.95x
+10.1%
-5.4%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator : Good morning, and welcome to the Qnity Second Quarter 2026 Conference and Webcast Call. [Operator Instructions] I will now turn the call over to Meg Miller, Vice President of Global Communications. You may begin.
Meg Miller : Thank you, and welcome to our second quarter 2026 earnings call. I'm joined by Jon Kemp, Qnity's Chief Executive Officer; and Mike Goss, Qnity's Interim Chief Financial Officer. Earlier today, we issued our earnings release along with a supplemental slide presentation, which can be found on our Investor Relations website. Before we begin, I'd like to remind you that today's discussion will include some forward-looking statements. These statements represent our best view of predictions and expectations for the future, but numerous risks and uncertainties may cause actual results to differ. Please refer to our earnings release and SEC filings for a discussion of these risks. We'll also be discussing certain non-GAAP financial measures. And I refer you to our earnings materials for information regarding our non-GAAP financial measures and reconciliations to the most directly comparable GAAP measure. And now it's my pleasure to turn it over to Jon.
Jon Kemp : Thank you for joining our call this morning. Last quarter, we talked about how the fundamental shift from shrink to stack is becoming the driving force behind technological advancements in the semiconductor industry. Innovation is spanning well beyond transistor shrink to focus on connecting chips in new and innovative ways that will unlock the next frontier of computing. As the stack gets taller and layers multiplied, the journey every chip must take lengthens and the materials innovation becomes a hidden hero, quietly powering performance, yield and reliability. Qnity sits at the center of this trend with one of the broadest portfolios of end-to-end solutions across the stack. On the front end, our suite of CMP pads, cleans and slurries and lithography materials are essential for patterning and polishing leading-edge chips. In the middle, we provide comprehensive advanced packaging solutions from both business segments to enable next-generation architectures and support chip-to-chip connections. Finally, on the back end, our thermal materials move heat across demanding full system workloads like data centers and other AI applications. When you combine the breadth of our portfolio across the semiconductor stack with decades of innovation alongside our customers and a local-for-local model for manufacturing and technical support, it's clear why Qnity is uniquely positioned for the opportunities ahead. We're aligned with the industry's most groundbreaking technology road maps, embedded in our customers' next-generation platform and able to deliver the materials and solutions they need at scale. As AI high-performance computing and advanced connectivity continue to reshape the industry, these advantages position us to create significant long-term value. The …
