Qnity Electronics, Inc. (Q)
NYSE:Q
Earnings Data
Report Date
May 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.93Last Year’s EPS
0.92Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive operational and financial picture: double-digit organic growth for the year, strong segment performance (notably ICS), robust margins (29.5% adjusted pro forma EBITDA margin), healthy cash and a $500M share buyback authorization. Management provided a constructive 2026 guide while announcing a transformation program to drive incremental EBITDA. Key near-term risks are tied to memory-market dynamics (memory represents ~20% of semi exposure), elevated 2026 CapEx and one-time transformation costs (~$140M) which reduce free cash flow in 2026, and some timing volatility from the spin and customer capacity ramps. On balance, the company showed strong momentum and multiple levers to drive long-term value despite measurable near-term headwinds.Company Guidance
Strong top-line growth
Full-year 2025 net sales grew 10% year-over-year to $4.75 billion; Q4 2025 net sales were $1.2 billion, up 8% year-over-year. Management delivered seven consecutive quarters of strong organic growth.
Robust profitability and margins
Adjusted pro forma operating EBITDA rose 11% year-over-year to $1.4 billion for FY2025, yielding an adjusted pro forma operating EBITDA margin of 29.5%.
Earnings and cash generation
Adjusted pro forma EPS for FY2025 was $3.35, up 12% year-over-year. The company generated $706 million of adjusted pro forma free cash flow for the year (about 15% of net sales) and ended the year with cash >$900 million.
Segment outperformance — Interconnect Solutions (ICS)
ICS delivered organic sales growth of 12% (net sales $2.1 billion). Key subcomponents — advanced packaging, advanced interconnects and thermal management — each grew more than 20% in 2025 and drove 175 basis points of year-over-year margin expansion for the segment.
Solid performance in Semiconductor Technologies
Semiconductor Technologies segment grew organic sales 8% in 2025, with advanced logic and high-bandwidth memory businesses growing in the mid-teens and continued improvement in mature nodes and NAND.
Product and design wins / technology leadership
Company launched the Emblem CMP pad platform for N3/N2 logic and HBM3/HBM4 and reported strong customer feedback. Qnity secured Process of Record (POR) wins across every line of business in 2025, indicating multi-year commercial scaling potential.
Capital allocation and balance sheet flexibility
Board approved a $500 million share repurchase authorization, the company declared a dividend, and net leverage stood at ~2.2x (well below the <3.0x target), providing flexibility for buybacks, selective M&A or debt paydown.
2026 financial guidance
Full-year 2026 guidance: net sales of $4.97 billion to $5.17 billion, adjusted operating EBITDA of $1.465 billion to $1.575 billion, adjusted EPS $3.55 to $3.95, and adjusted free cash flow $450 million to $550 million. Q1 2026 expected sequential net sales growth in the high single digits.
Transformation program to improve margins
Announced a multiyear transformation plan expected to deliver ~$100 million EBITDA run-rate benefit by end of 2028 (with ~$140 million of one-time costs over the next 2–3 years) focused on commercial/innovation excellence, productivity/quality (including automation & tailored AI), and local-for-local optimization.
Q Earnings History
Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release | Slides | Play Transcript |
|---|---|---|---|---|---|---|---|
May 12, 2026 | 2026 (Q1) | 0.922 | ― | ― | ― | ||
Feb 26, 2026 | 2025 (Q4) | ― | ― |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
Q Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $119.78 | $124.70 | +4.10% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Qnity Electronics, Inc. (Q) report earnings?
Qnity Electronics, Inc. (Q) is schdueled to report earning on May 12, 2026, Before Open (Confirmed).
What is Qnity Electronics, Inc. (Q) earnings time?
Qnity Electronics, Inc. (Q) earnings time is at May 12, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is Q EPS forecast?
Q EPS forecast for the fiscal quarter 2026 (Q1) is 0.93.