$118.75

+4.68 (+4.10%)

Weekly Expected Move ±6.2%

$96 $103 $110 $117 $124

NYSE · Technology · Semiconductors · Tech Score Sell · Power 45 · $24.8B mcap · 209M float · 0.883% daily turnover · Short 34% of daily vol

Credit Risk of going bust: higher than 53% of companies Debt: 14.4% of company value Bonds: $239.1M held by 298 funds, 146 bp over Treasuries → details ▾

Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $2.11 (down 98%), Qnity Electronics, Inc. would be worth roughly what it owes.
Total debt $4.02B against a stock market value of $23.86B.
Distance to default 4.84 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $2.02B (short-term plus half of long-term), stock volatility 55.0%; Altman Z 2.87. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.

Revenue Segmentation

By Product / Service

By Geography

Income Trends

Revenue

$4.8B +9.7% ▲

3Y CAGR: -0.0%

Gross Profit

$2.0B -0.6% ▼

3Y CAGR: -2.7%

Operating Income

$1.0B +19.7% ▲

3Y CAGR: -0.6%

Net Income

$692M -0.1% ▼

3Y CAGR: -3.7%

EPS (Diluted)

$3.30 -0.3% ▼

3Y CAGR: -3.7%

EBITDA

$1.4B +8.6% ▲

3Y CAGR: -1.0%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025
Revenue	$4.8B	$4.0B	$4.3B	$4.8B
YoY Growth	+0.0%	-15.1%	+7.4%	+9.7%
Cost of Revenue	$2.6B	$2.3B	$2.3B	$2.8B
Gross Profit	$2.2B	$1.8B	$2.0B	$2.0B
Gross Margin	45.4%	43.5%	46.1%	41.8%
R&D Expenses	$329M	$303M	$311M	$222M
SG&A Expenses	$518M	$533M	$617M	$274M
Operating Expenses	$1.1B	$1.1B	$1.2B	$974M
Operating Income	$1.0B	$657M	$847M	$1.0B
Operating Margin	21.7%	16.3%	19.5%	21.3%
Interest Expense	$0	$0	$280M	$65M
Income Before Tax	$952M	$632M	$901M	$962M
Tax Expense	$151M	$99M	$177M	$233M
Net Income	$774M	$507M	$693M	$692M
Net Margin	16.3%	12.6%	16.0%	14.6%
EPS (Diluted)	$3.70	$2.42	$3.31	$3.30
EBITDA	$1.4B	$1.1B	$1.3B	$1.4B
Shares Outstanding	209M	209M	209M	209M

Line Item	FY2024 Q1	FY2024 Q2	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$983M	$1.1B	$1.1B	$1.2B	$1.3B	$1.2B	$1.3B	$1.4B
Cost of Revenue	$547M	$597M	$642M	$628M	$752M	$692M	$749M	$763M
Gross Profit	$436M	$506M	$476M	$542M	$524M	$498M	$566M	$666M
Gross Margin	44.4%	45.9%	42.6%	46.3%	41.1%	41.8%	43.0%	46.6%
R&D Expenses	$72M	$77M	$83M	$88M	$92M	$90M	$94M	$98M
SG&A Expenses	$136M	$169M	$140M	$157M	$159M	$167M	$173M	$200M
Operating Expenses	$268M	$306M	$224M	$295M	$251M	$257M	$267M	$390M
Operating Income	$168M	$200M	$252M	$248M	$273M	$241M	$299M	$276M
Operating Margin	17.1%	18.1%	22.5%	21.2%	21.4%	20.3%	22.7%	19.3%
Interest Expense	$0	$0	$70M	$55M	$14M	$51M	$61M	$61M
Income Before Tax	$177M	$221M	$246M	$255M	$272M	$189M	$218M	$199M
Tax Expense	$37M	$65M	$47M	$57M	$49M	$80M	$56M	$63M
Net Income	$133M	$148M	$193M	$188M	$211M	$100M	$151M	$124M
Net Margin	13.5%	13.4%	17.3%	16.1%	16.5%	8.4%	11.5%	8.7%
EPS (Diluted)	$0.64	$0.71	$0.92	$0.90	$1.01	$0.48	$0.72	$0.59
EBITDA	$265M	$298M	$340M	$346M	$380M	$336M	$377M	$357M
Shares Outstanding	209M	209M	209M	209M	209M	209M	210M	210M

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