FirmAtlas
Company handbook · Q · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
Q · CIK 2058873 · LATEST FILING: 10-Q JUN '26 · FILED AUG 4, 2026
QNITY ELECTRONICS, INC.
$115.37
−4.24 (−3.54%)
Close, Oct 16, 2026 · 52-week $70–177
Last fiscal year
QNITY ELECTRONICS, INC. reported revenue of $4.8B for the year ended Dec 31, 2025 (FY25), up 9.7% from FY24. Net income was $692M, operating cash flow $1.3B and free cash flow $988M. Source: 10-K filed Feb 26, 2026.
Market cap
$24.2B
P/E
41.3
P/B
3.3
Div yield
0.26%
Revenue 1Y
9.7%/yr
EPS 1Y
−0.3%/yr
Shares 1Y
+0.2%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOJon D. Kemp
HQWilmington, DE
AuditorPricewaterhouseCoopers LLP
Employees10,000
Year endsDecember
Revenue by segment · FY25
Semiconductor Technologies56%
Interconnect Solutions44%
Compounded growth & averages
Upgrade to see 10 years
Where the cash went · FY24–FY25
$498M deployed
Capex
$485M
97.4%
Dividends
$13M
2.6%
Operating cash flow over the period: $2.3B. Total debt changed by +$4.0B. R&D of $668M is already inside operating costs.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
4,335
4,754+9.7%
5,210
YoY
+9.7%
Gross profit
1,996
2,195+10.0%
2,408
Gross margin
46.0%
46.2%+0.1 pp
—
Interest expense
0
65n/m
—
Net income
693
692−0.1%
586
YoY
−0.1%
Net margin
16.0%
14.6%−1.4 pp
—
EPS (diluted, $)
3.31
3.30−0.3%
2.80
YoY
−0.3%
Balance sheet
Total assets
12,273
14,070+14.6%
14,331
Cash & short-term investments
166
915+451.2%
—
Accounts receivable
580
656+13.1%
—
Inventory
597
661+10.7%
—
Net PP&E
1,548
1,701+9.9%
—
Other assets
9,382
10,137+8.0%
—
Total liabilities
1,629
6,975+328.2%
7,070
Accounts payable
528
680+28.8%
—
Total debt
0
4,003n/m
3,997
Other liabilities
1,101
2,292+108.2%
—
Shareholders’ equity
10,644
7,095−33.3%
7,261
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
1,061
1,273+20.0%
1,169
Net income
724
729+0.7%
—
Depreciation & amortization
394
376−4.6%
—
Stock-based compensation
13
20+53.8%
—
Working capital & other
(70)
148n/m
—
Cash from investing
(172)
(285)n/m
—
Capex
(200)
(285)n/m
—
Other investing
28
0−100.0%
—
Cash from financing
(848)
(248)n/m
—
Debt raised
0
4,100n/m
—
Dividends
0
(13)n/m
—
Shares issued
0
1n/m
—
Other financing
(848)
(4,336)n/m
—
Net change in cash
27
749+2674.1%
—
Free cash flow (OCF − capex)
861
988+14.8%
825
Where the cash went
Operating cash flow
1,061
1,273+20.0%
1,169
Reinvested in the business
200
285+42.5%
—
% of operating cash flow
18.9%
22.4%
Capex
200
285+42.5%
344
R&D (memo, already in costs)
314
354+12.7%
—
Free cash flow
861
988+14.8%
825
YoY
+14.8%
Returned to shareholders
0
13n/m
—
% of free cash flow
0.0%
1.3%
Dividends
0
13n/m
—
Change in total debt
—
4,003
—
Cash left over
—
4,978
—
FCF conversion (FCF ÷ net income)
124.2%
142.8%+18.5 pp
—
Owner earnings
—
795
—
Owner earnings margin
—
16.7%
—
Returns & ratios
Debt / equity
0.00x
0.56x+0.56x
—
Cash conversion cycle (days)
60
48−12 d
—
ROE
6.5%
9.8%+3.2 pp
—
ROA
5.6%
4.9%−0.7 pp
—
Invested capital (operating)
2,197
2,338+6.4%
—
Invested capital (all)
10,478
10,183−2.8%
—
Debtor days
49
50+2 d
—
Inventory days
93
94+1 d
—
Days payable
82
97+15 d
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
1,276
1,190
1,315
1,429
vs year-ago quarter
Gross profit
575
549
618
666
Gross margin
45.1%
46.1%
47.0%
46.6%
Net income
211
100
151
124
vs year-ago quarter
Net margin
16.5%
8.4%
11.5%
8.7%
EPS (diluted, $)
1.01
0.48
0.72
0.59
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
12,512
14,070
14,063
14,331
Cash & equivalents
128
915
857
961
Total debt
1,722
4,003
4,000
3,997
Shareholders’ equity
9,123
7,095
7,186
7,261
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
302
491
135
241
Capex
61
71
122
90
Free cash flow
241
420
13
151
vs year-ago quarter