Overview

• US semiconductor solutions provider's Q1 revenue grew 18% yr/yr, adjusted EPS up 33%

• Company raised full-year 2026 guidance across all metrics following strong Q1 performance

Outlook

• Qnity Electronics raises full-year 2026 net sales guidance to $5.225 bln-$5.375 bln

• Company expects 2026 adjusted EPS of $3.80-$4.14

• Qnity Electronics sees 2026 adjusted operating EBITDA of $1.535 bln-$1.625 bln

Result Drivers

• SEGMENT GROWTH - Double-digit organic growth in both Semiconductor Technologies and Interconnect Solutions segments drove Q1 results

• PORTFOLIO STRENGTH - Co cited strength of integrated portfolio spanning advanced chips, packaging, interconnects, and thermal management as supporting results

• AI AND COMPLEX SYSTEMS DEMAND - Growth driven by customer demand for stacking chips and building more complex, integrated systems to power next-generation AI and computing platforms

Company press release: ID:nBw27qJRWa

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue		$1.32 bln
Q1 Adjusted EPS		$1.08

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the semiconductors peer group is "buy"

• Wall Street's median 12-month price target for Qnity Electronics Inc is $150.00, about 2.1% above its May 11 closing price of $153.24

• The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 31 three months ago

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