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Track Q free→Qnity Electronics (Q)
NYSEInformation TechnologySemiconductor Equipment & MaterialsSnapshot 2026-07-06
Intact
$146.66+3.46%
Close 2026-07-06 · 1-day change
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
The bottom line
Recent financial performance is steady. Its last earnings result was a beat. Peer multiples imply a price about 13% above where it trades (it looks cheap on this basis). Risk is moderate. This read is provisional.
as of 2026-07-06
Quick facts
- Exchange
- NYSE
- Sector
- Information Technology
- Industry
- Semiconductor Equipment & Materials
- Market cap
- $29.67B
- Employees
- —
- IPO date
- 2025-11-18
- Next earnings
- 2026-08-11
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 11 valuation methods, at three horizons. Current price $146.66. As of 2026-07-06. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Fair value· primary
$165.35
Range $101.76 – $208.49
vs price: -11% below
Method agreement : high · 11 methods
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
3-year
$217.90consensus
Range $180.47 – $265.79
vs price: -33% below
Method agreement : medium · 4 methods
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
5-year
$274.72consensus
Range $218.50 – $351.50
vs price: -47% below
Method agreement : high · 4 methods
A long-thesis check that carries the widest uncertainty of the three horizons.
How much to trust our fair value
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
Cheap vs peersmedium confidence
At $142 Q trades at 41× p/e, below its 74× p/e peer median. Our $168 fair value sits above the price. We hold it with medium confidence: the peer anchor overstates how cheap it looks. Analysts target $150–$200. Not investment advice.
Multiple (P/E)
40.7x
peer 73.8x · own history 43.9x
Premium
0.6x peer
0.9x its own history
Growth the price needs
-13%
our forecast 31%
Our fair value
$167.97
range $72.51 – $170.00
Analyst range(a guide on our number, not a target)Our number is in the analyst range
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
12-month view
What's priced inJustified
The price sits about 13% below a flat-multiple fair value, while analysts forecast about 31% growth — below our forecast. This describes what's priced in, not a forecast of the move.
Low fragilityrisk posture, not a price call
No fragility gates fired. Regime (Mania) does not concentrate fragility.
Historical context
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Compared to peers
42.1xP/E · peer median
How strong is the business
(quality & execution)Factor signals
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Recent financial performance
Not enough signal yet.
Earnings quality
Not enough signal yet.
Macro sensitivity
Most sensitive to the broad stock market.
- the broad stock market: This stock moves with the broad market (high beta).
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity.
Management & capital allocation
neutral10 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Information Technology names rated neutral grew net income 56% of the time over the next year (vs 53% for the rest of the cohort, n=3494).
31st pctl · Information Technology
Earnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Earnings setup · pre-print positioning
forward-looking
Neutral5 analysts, 88% Buyfor period ending 2026-09-30
Why this setup
Consensus revisions
EPS estimate $1.02 → $1.04 (+1.9% / 30d). 2 raised, 2 cut, 5 covering analysts.
Rating actions
0 upgrades, 0 downgrades / 30d, 1 maintained. 88% of analysts rate Buy.
Price target activity
2 PT revisions / 30d. Avg target 20.3% above current price.
Material events
0 positive, 1 negative / 30d. See F4 management tile for the event list.
Sector context
Intermediate · WeeklySector phase: information technology is in maturing (~0.2 years in phase).
Management scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Provisional
- Earnings discipline
- strong
- Post-call reaction
- neutral
A guidance track record builds as the company issues and delivers on guidance.
as of 2026-07-06
What management is focused on
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Long-term · 1–3 yr
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
On a typical day, $10k can swing ±$289.
How much price usually moves either way.
On a bad day, this stock has moved -$639.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $2,712.
Deepest peak-to-trough drop in the last year.
moderateas of 2026-07-06
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- label change · confidence_labelsmall change
Confidence changed from 'low' to 'medium'.
Yes, our read has strengthened. This improvement is driven by the latest earnings beat and strong revenue expectations, with a target of $5.225 billion to $5.375 billion for 2026. There are no significant threats noted that would counter this positive shift.
as of 2026-07-06
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Intermediate · Weekly
- UpsideHigh confidenceWeeksactive 38d
Watch for Q2 2026 revenue guidance confirmation
Why it matters: Confirming revenue guidance will show if Qnity can sustain growth momentum after a strong Q1.
What confirms / what disproves
Confirms:Q2 2026 revenue guidance confirms $5.225B - $5.375B range.
Disproves:Q2 2026 revenue guidance drops below $5.225B.
Management priorities
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
- 2026-05-281mo agoYahoo! Finance
Advances: Achieve $5.225B - $5.375B revenue in 2026
Increased price target indicates strong demand supporting revenue growth.
Strongly reinforcesUnconfirmed report
This sector is also watching
- Watch for revenue growth in IT sector dropping below median
- Watch for FOMC decisions impacting tech investment
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If the Fed starts cutting rates from the current 3.63%, that would be a tailwind for Q and other Tech names, since rate-sensitive parts of the market tend to rally when the Fed eases.
- If sector bellwethers like ASML, AMAT, and LRCX keep beating earnings and guiding higher, the Tech sector momentum should keep lifting Q and other Tech names. Worth watching these names for early signals.
Downside triggers
- If Q reverses and cuts guidance after recently raising (RAISED as of 2026-05-12), that's the worst kind of move: a credibility hit on top of the lower number. Stocks usually get punished disproportionately for this.
- If sector bellwethers like ASML, AMAT, and LRCX start missing or guiding lower, the Tech tailwind helping Q and other Tech names could fade. Watch these names for early warning.
- If GDP growth slows materially from the current 2.7% (say, below 2%), it hits Q and other Tech names harder than the average stock, since the sector is growth-sensitive.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-07-016d agoItem 1.01
Entry into a Material Definitive Agreement. On July 1, 2026 (the “Closing Date”), Qnity Electronics, Inc. (the “Company” or the “Borrower”) and certain of its direct and indirect subsidiaries, party thereto as guarantors and grantors, entered into Repricing Amendment No. 1 to the Credit Agreement (the “Amendment”), dated as of October 31, 2025, among the Borrower, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and the lenders and other loan parties from time to time…
Capital allocationneutral
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
+11 vs last weeklatest as of 2026-07-06
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.