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Qnity Electronics

Q on NYSE. Qnity sells materials and solutions for semiconductors to chipmakers. Market value $27.5bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.

The company doesn't report operating profit, so we work it out from pre-tax profit and interest.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Technology stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
3.0%low

For every $100 of what the whole company costs, it produced $3.00 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
28.7×full

You pay 28.7 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to December 2025
n/a

The filings do not give us enough to work this out.

Quality score: not known. Price score: 30 of 100. Our list needs 70 on quality and 60 on price.

$131.53 a share, 87% above its 1-year low

Over the past year the price has ranged from $70.50 to $177.28.

Dividend: 0.0% a year

Paid in its latest year

Prices from Monday’s close (5 October).

Five years of cash, in billions

1.0
0.8
202512 monthsto Jun '26
Revenue
$4.8bn
Operating margin
n/a
Debt to equity
0.58
Shares outstanding
0.21bn

Health checks

  • Free cash flow positive1 of 1 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)Not enough data
  • Profit backed by cash (accruals)Not enough data
  • Debt0.58× equity
  • Revenue growth, five yearsUnknown
  • Buying back its own sharesRoughly flat

Dates

Next results (estimated)
4 November 2026
Last annual report (10-K)
26 February 2026
Next quarterly (estimated, 10-Q)
3 November 2026

Who owns it

9 long-term investors we follow own it, down from 10 last quarter. 1,330 funds in all.

Dec '25
Jun '26

Sold out this quarter

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

2 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 3 insiders bought $467,708 of shares on the open market. 5 sold $970,299.

  • De Bondt Karin
    Director
    Bought
    Date
    11 August 2026
    Shares
    1,000
    Price
    $138.14
    Value
    $138,136
  • Sterin Steven
    Director
    Sold
    Date
    5 June 2026
    Shares
    400
    Price
    $148.35
    Value
    $59,340
  • Sterin Steven
    Director
    Sold
    Date
    26 May 2026
    Shares
    511
    Price
    $161.97
    Value
    $82,767
  • Goss Michael G.
    VP & Controller
    Sold
    Date
    11 December 2025
    Shares
    1,895
    Price
    $84.79
    Value
    $160,677
  • Kemp Jon D.
    Chief Executive Officer, Director
    Sold
    Date
    11 December 2025
    Shares
    5,655
    Price
    $85.01
    Value
    $480,732
  • Noonan Anne P
    Director
    Sold
    Date
    21 November 2025
    Shares
    7
    Price
    $76.30
    Value
    $534
  • Kang Sang Ho
    President, Semiconductor
    Sold
    Date
    21 November 2025
    Shares
    2,500
    Price
    $74.50
    Value
    $186,250
  • Noonan Anne P
    Director
    Bought
    Date
    21 November 2025
    Shares
    3,240
    Price
    $77.30
    Value
    $250,452
  • Green Byron
    Director
    Bought
    Date
    19 November 2025
    Shares
    1,000
    Price
    $79.12
    Value
    $79,120

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 26 Feb 2026, plus the 10-Q filed 4 Aug 2026 and 6 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

  • It isn't cheap on profits: 28.7× operating profit.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.