Upside case
Bull case
—
The bull case requires both strong earnings delivery and the market pricing Q more generously than it does today.
Analysis OverviewBuyUpdated May 1, 2026
Qnity Electronics, Inc. (Q) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
3
analysts
3 bullish · 0 bearish · 3 covering Q
Strong Buy
0
Buy
3
Hold
0
Sell
0
Strong Sell
0
Consensus Target
$125
-16.3% vs today
Scenario Range
— – —
Model bear to bull value window
Coverage
3
Published analyst ratings
Valuation Context
39.2x
Forward P/E · Market cap $31.3B
Q price targets
Three scenarios for where Q stock could go
Current
~$149
Confidence
—
Updated
May 1, 2026
Market caseClosest to today
Base case
—
The base case reflects analyst consensus expectations — steady delivery without requiring a major catalyst or re-rating.
Stress case
Bear case
—
The bear case reflects a scenario where earnings shortfalls or multiple compression combine to materially reduce the stock from its current level.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Qnity Electronics, Inc.
Q · NYSETechnologySemiconductors
Qnity Electronics provides electronic materials and solutions for semiconductor manufacturing and advanced electronics. It generates revenue primarily from selling specialized materials to chipmakers — including photoresists, CMP slurries, and deposition precursors — which constitute its core business segments. The company's competitive advantage lies in its proprietary formulations and deep technical expertise in materials science for cutting-edge semiconductor processes.
Market Cap
$31.3B
Q Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
100%Exceptional
6 quarters tracked
Revenue Beat Rate
100%Exceptional
vs consensus estimates
Avg EPS Surprise
+21.8%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q1 2025
Q2 2025
Q4 2025
Q1 2026
Last 4 Quarters
EPS beats: 2 of 4Q1 2025
EPS
$0.92/—
Revenue
$1.1B/—
Q2 2025
EPS
$0.90/—
Revenue
$1.2B/—
Q4 2025
EPS
$0.74/$0.66
Revenue
$1.3B/$1.2B
Q1 2026
EPS
$0.82/$0.63
Revenue
$1.2B/$1.2B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q1 2025 | $0.92/— | — | $1.1B/— | — |
| Q2 2025 | $0.90/— | — | $1.2B/— | — |
| Q4 2025 | $0.74/$0.66 | +13.0% | $1.3B/$1.2B | +6.9% |
| Q1 2026 | $0.82/$0.63 | +30.6% | $1.2B/$1.2B | +2.8% |
Next Earnings
May 12, 2026
Expected EPS
$0.92
Expected Revenue
$1.3B
Q beat EPS estimates in 2 of 4 tracked quarters. Mixed delivery makes the upcoming report a key data point for re-rating.
Q Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Significantly Overvalued
Fair value est. $89 — implies -38.0% from today's price.
Premium to Fair Value
38.0%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
Q
45.2x
vs
S&P 500
25.2x
+79% premium
vs Technology Trailing P/E
Q
45.2x
vs
Technology
27.5x
+64% premium
vs Q 5Y Avg P/E
Today
45.2x
vs
5Y Average
—
Benchmark unavailable
Forward PE
39.2x
S&P 500
19.1x
+106%
Technology
21.7x
+81%
5Y Avg
—
—
Trailing PE
45.2x
S&P 500
25.2x
+79%
Technology
27.5x
+64%
5Y Avg
—
—
PEG Ratio
—
S&P 500
1.75x
—
Technology
1.47x
—
5Y Avg
—
—
EV/EBITDA
25.2x
S&P 500
15.3x
+65%
Technology
17.4x
+45%
5Y Avg
—
—
Price/FCF
36.3x
S&P 500
21.3x
+70%
Technology
19.8x
+84%
5Y Avg
—
—
Price/Sales
7.2x
S&P 500
3.1x
+130%
Technology
2.4x
+199%
5Y Avg
—
—
Dividend Yield
—
S&P 500
1.88%
—
Technology
1.18%
—
5Y Avg
—
—
| Metric | Q | S&P 500 | Technology | 5Y Avg Q |
|---|---|---|---|---|
| Forward PE | 39.2x | 19.1x+106% | 21.7x+81% | — |
| Trailing PE | 45.2x | 25.2x+79% | 27.5x+64% | — |
| PEG Ratio | — | 1.75x | 1.47x | — |
| EV/EBITDA | 25.2x | 15.3x+65% | 17.4x+45% | — |
| Price/FCF | 36.3x | 21.3x+70% | 19.8x+84% | — |
| Price/Sales | 7.2x | 3.1x+130% | 2.4x+199% | — |
| Dividend Yield | — | 1.88% | 1.18% | — |
Q trades above S&P 500 benchmarks on 5 of 5 measured multiples — commands a broad premium across most valuation dimensions.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolQ Financial Health
Verdict
Stressed
Key financial metrics for Q are shown below.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
—
Revenue Growth
TTM vs prior year
—
Gross Margin
Gross profit as a share of revenue
—
Operating Margin
Operating income divided by revenue
—
Net Margin
Net income divided by revenue
—
EPS (TTM)
Diluted earnings per share, trailing twelve months
—
Free Cash Flow (TTM)
Cash generation after capex
—
FCF Margin
FCF as share of revenue — the primary cash quality signal
—
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
5.7%
ROA
Return on assets, trailing twelve months
—
Cash & Equivalents
Liquid assets on the balance sheet
$166M
Net Debt
Total debt minus cash
$25M
Debt Serviceability
Net debt as a multiple of annual free cash flow
—
ROE
Return on equity, trailing twelve months
—
Shareholder Returns
How capital is returned to owners
Total shareholder yield
0.0%
Dividend
—
Buyback
0.0%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$0
Dividend / Share
Annualized trailing dividend per share
—
Payout Ratio
Share of earnings distributed as dividends
—
Shares Outstanding
Current diluted share count
209M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageQ Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 11, 2026
High Risk
Profitability & Financial Health
Qnity Electronics reported a 0.14% decline in earnings in 2025 despite revenue growth, and its price-to-book ratio remains at 0%, indicating ongoing unprofitability. This weak earnings trend and lack of profitability could erode investor confidence and limit future capital raising.
Medium
Share Price Volatility & Liquidity
The stock has fluctuated between $70.50 and $140.60 over the past 52 weeks, a 99% swing. Such volatility can lead to liquidity challenges and unpredictable trading costs for investors.
Medium
Analyst Sentiment & Price Target
Consensus is a 'Strong Buy' with a $117.60 target, implying a potential downside of 9.99% from the latest price of $131.22. The discrepancy between analyst targets and current price introduces downside risk.
Medium
Production & Market Demand
Qnity serves semiconductor and electronics markets, but its ability to scale production and sell products remains uncertain. Any shortfall in manufacturing capacity or demand could directly impact revenue streams.
Lower
Technology & Innovation Partnerships
The company has partnered with NVIDIA and is investing in advanced semiconductor research facilities. While this could drive future growth, reliance on cutting‑edge tech introduces execution risk and high capital expenditure.
Lower
Macro & Geopolitical Environment
Market sentiment is influenced by geopolitical events such as hopes for a US‑Iran deal, which could affect semiconductor supply chains and investor appetite. Political instability may disrupt operations and supply lines.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why Q Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 11, 2026
Disruptive Solid‑State Battery Technology
QuantumScape’s solid‑state lithium‑metal batteries deliver superior thermal stability, faster charging times, and higher energy density compared to traditional lithium‑ion cells. These advantages position the technology as a potential game‑changer for the electric vehicle industry and other high‑performance applications.
OEM Validation & Volkswagen Partnership
The company has demonstrated OEM‑validated solid‑state performance at automotive‑relevant conditions, a milestone not achieved by other battery firms. A significant partnership with Volkswagen (VW) and its battery subsidiary PowerCo provides substantial backing and a clear commercialization pathway.
Capital‑Light Licensing Revenue Model
QuantumScape is pursuing a capital‑light licensing model, aiming to generate revenue through technology licensing to automakers rather than direct manufacturing. This approach reduces capital intensity and could lead to higher profitability as the technology scales.
Strong Cash Runway to 2027‑2028
The company maintains a healthy cash position, estimated to support its development and commercialization timeline through 2027‑2028 even after accounting for potential expense adjustments. This runway provides a buffer for continued R&D and pilot production activities.
Pilot Production at Eagle Line & Cobra Process
The inauguration of its Eagle Line pilot facility and ongoing development of the Cobra process are viewed as positive steps toward scaling production. These initiatives demonstrate progress toward commercial viability and production readiness.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
Q Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$149.41
52W Range Position
98%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$70.50
+111.9% from the low
52-Week High
$151.36
-1.3% from the high
1 Month
+25.69%
3 Month
+52.12%
YTD
+75.8%
1 Year
+56.8%
3Y CAGR
+16.2%
5Y CAGR
+9.4%
10Y CAGR
+4.6%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
Q vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
39.2x
vs 16.8x median
+133% above peer median
Revenue Growth
—
vs +2.6% median
Peer median unavailable
Net Margin
—
vs 1.3% median
Peer median unavailable
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
Q Q Qnity Electronics, Inc. | $31.3B | 39.2x | — | — | Buy | -16.3% |
AVT AVT Avnet, Inc. | $6.9B | 16.8x | -1.8% | 0.9% | Hold | -5.2% |
ARW ARW Arrow Electronics, Inc. | $9.8B | 13.6x | +5.3% | 1.9% | Hold | -32.9% |
SNX SNX TD SYNNEX Corporation | $18.9B | 14.0x | +8.7% | 1.3% | Buy | -24.4% |
BHE BHE Benchmark Electronics, Inc. | $3.1B | 31.3x | +1.4% | 1.3% | Hold | -0.7% |
PLX PLXS Plexus Corp. | $7.1B | 34.4x | +2.6% | 4.4% | Buy | -5.2% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
Q Dividend and Capital Return
Q does not currently return meaningful capital to shareholders.
Dividend UnknownFCF Unknown
Total Shareholder Yield
0.0%
Dividend + buyback return per year
Buyback Yield
0.0%
Dividend Yield
—
Payout Ratio
—
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.22
Growth Streak
Consecutive years of dividend increases
0Y
3Y Div CAGR
—
5Y Div CAGR
—
Ex-Dividend Date
—
Payment Cadence
Semi-Annual
3 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$0
Estimated Shares Retired
0
Approx. Share Reduction
0.0%
Shares Outstanding
Current diluted share count from the screening snapshot
209M
| Year | Div / Share | YoY Grw |
|---|---|---|
| 2026 | $0.16 | — |
| 2025 | $0.06 | — |
FAQ
5 questionsQ Investor Questions
Common questions answered from live analyst data and company financials.
01Is Qnity Electronics, Inc. (Q) stock a buy or sell in 2026?
Qnity Electronics, Inc. (Q) is rated Buy by Wall Street analysts as of 2026. Of 3 analysts covering the stock, 3 rate it Buy or Strong Buy, 0 rate it Hold, and 0 rate it Sell or Strong Sell. The consensus 12-month price target is $125, implying -16.3% from the current price of $149.
02What is the Q stock price target for 2026?
The Wall Street consensus price target for Q is $125 based on 3 analyst estimates. The high-end target is $150 (+0.4% from today), and the low-end target is $100 (-33.1%).
03Is Qnity Electronics, Inc. (Q) stock overvalued in 2026?
Q trades at 39.2x times forward earnings. The stock trades at a notable premium to the broad market, which is typical for businesses with strong free cash flow and above-average growth expectations. Based on current multiples versus the peer group, the relative model signals significantly overvalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Qnity Electronics, Inc. (Q) stock in 2026?
The primary risks for Q in 2026 are: (1) Profitability & Financial Health — Qnity Electronics reported a 0. (2) Share Price Volatility & Liquidity — The stock has fluctuated between $70. (3) Analyst Sentiment & Price Target — Consensus is a 'Strong Buy' with a $117. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05When does Qnity Electronics, Inc. (Q) report its next earnings?
Qnity Electronics, Inc. is expected to report its next earnings on approximately 2026-05-12. Consensus expects EPS of $0.92 and revenue of $1.3B. Over recent quarters, Q has beaten EPS estimates 100% of the time.