Qnity Electronics (Q): financials, SEC filings and peers
Qnity Electronics (Q) is a semiconductor materials & equipment company in the Information Technology sector of the S&P 500, headquartered in Wilmington, Delaware.
It was founded in 2025 and joined the S&P 500 on November 3, 2025.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Semiconductors & Related Devices”.
Qnity Electronics at a glance
- Revenue (12 months)
- $5.5B
- Revenue growth
- +17.7%
- Operating margin
- 19.9%
- Net income (12 months)
- $603M
- Free cash flow (12 months)
- $777M
- Cash
- $1.1B
- Debt
- $4.0B
- Diluted EPS (12 months)
- $2.65
Twelve months to September 30, 2026, from the 10-Q filed November 4, 2026.
Latest twelve months
Over the twelve months to September 30, 2026, Qnity Electronics reported revenue of $5.5 billion, up 17.7% from a year earlier.
Its operating margin was 19.9%, down 2.4 percentage points from a year earlier: for every $100 of sales, about $20 was left as operating profit.
Net income was $603 million (11.0% of revenue), 27.3% lower than a year earlier.
Profit fell while sales grew, which usually points to higher costs, heavier investment or one-time items. The filings explain which.
Operating cash flow was $1.1 billion and capital spending $361 million, leaving free cash flow of $777 million (14.2% of revenue).
At the end of the period it held $1.1 billion in cash and $4.0 billion in debt, a net debt position of $2.9 billion.
Five-year trend
- Revenue went from $4.0 billion in fiscal 2023 to $4.8 billion in fiscal 2025, about 8.5% a year.
- Free cash flow was positive in each of the last 3 fiscal years.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $4.0B | $4.3B | $4.8B |
| Revenue growth | — | 7.4% | 9.7% |
| Operating margin | — | — | — |
| Net income | $533M | $724M | $729M |
| Free cash flow | $651M | $861M | $988M |
| Diluted EPS | $2.42 | $3.31 | $3.30 |
Fiscal years as reported in Qnity Electronics’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 10-Q filed November 4, 2026 — quarterly report
- 8-K filed November 4, 2026 — Earnings results
- 8-K filed September 10, 2026 — Other event
- 8-K filed August 21, 2026 — Executive or director change; Regulation FD disclosure
- 10-Q filed August 4, 2026 — quarterly report
- 8-K filed August 4, 2026 — Earnings results
- 8-K filed July 1, 2026 — Material agreement; New debt obligation
- 8-K filed May 22, 2026 — Shareholder vote results
Companies like Qnity Electronics
Other S&P 500 companies in Semiconductor Materials & Equipment:
- AMATApplied MaterialsSanta Clara, California
- KLACKLA CorporationMilpitas, California
- LRCXLam ResearchFremont, California
- TERTeradyneNorth Reading, Massachusetts
More from Information Technology
Questions about Qnity Electronics
Is Qnity Electronics's revenue growing?
Yes. Revenue for the twelve months to September 30, 2026 was $5.5 billion, up 17.7% from a year earlier, according to its SEC filings.
Is Qnity Electronics profitable?
Yes. It earned $603 million in net income over the twelve months to September 30, 2026, a net margin of 11.0%.
Does Qnity Electronics have more cash or more debt?
At September 30, 2026 it had $1.1 billion in cash and $4.0 billion in debt, so more debt than cash.
When did Qnity Electronics last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on November 4, 2026.
Which companies are similar to Qnity Electronics?
In the S&P 500, Qnity Electronics is grouped in Semiconductor Materials & Equipment within the Information Technology sector. Applied Materials (AMAT), KLA Corporation (KLAC), Lam Research (LRCX), Teradyne (TER) are in the same group.
Understand the numbers
Source: Qnity Electronics’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.