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Qnity

Logo: Qnity Electronics, Inc., Public domain, via Wikimedia Commons⁴

American provider of materials for the semiconductor and electronics industries

Price unavailable

Last updated Oct 18, 2026.

Overview

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TickerQ on NYSE¹
IndustrySemiconductors & Related Devices¹
HeadquartersWilmington¹
Websitewww.qnityelectronics.com
Incorporated inDE⁵
Business address974 Centre Road, Building 735, Wilmington, De 19805⁵
Filer categoryNon-accelerated filer⁵

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Qnity Electronics, Inc. (kyoo-ni-tee) is a major provider of materials for the semiconductor manufacturing and electronics industries headquartered in Wilmington, Delaware. The company's Semiconductor Technologies segment (56% of 2025 revenues) produces products for chemical-mechanical polishing, photolithography, sealing applications, and OLED displays. Its Interconnect Solutions segment (44% of 2025 revenues) provides products for signal integrity, including semiconductor coatings, thermal and electromagnetic shielding, and laminate materials. Kapton is a brand of the company.³

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

15.3%Net margin⁷

9.7%Revenue growth, 2025⁷

10.3%Return on equity⁷

0.58×Debt to equity⁷

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Semiconductor Technologies brought in 56% of the revenue Qnity broke down this way in fiscal 2025.

Semiconductor Technologies$2.6B⁷56%up 8% from 2024
Interconnect Solutions$2.1B⁷44%up 12% from 2024

Business segments by year

Business segments	2023	2024	2025
Semiconductor Technologies	$2.3B	$2.5B	$2.6B
Interconnect Solutions	$1.8B	$1.9B	$2.1B

Regions

South Korea, Taiwan And Other Asia Pacific brought in 35% of the revenue Qnity broke down this way in fiscal 2025.

South Korea, Taiwan And Other Asia Pacific$2.2B⁷35%up 11% from 2024
China$1.6B⁷25%up 8% from 2024
South Korea$725.0M⁷12%up 4% from 2024
Taiwan$707.0M⁷11%up 19% from 2024
United States$591.0M⁷10%up 12% from 2024
EMEA$378.0M⁷6%up 6% from 2024
Americas, Excluding The United States$38.0M⁷1%up 23% from 2024

Regions by year

Regions	2023	2024	2025
South Korea, Taiwan And Other Asia Pacific	$1.9B	$2.0B	$2.2B
China	$1.2B	$1.5B	$1.6B
South Korea	$677.0M	$699.0M	$725.0M
Taiwan	$512.0M	$595.0M	$707.0M
United States	$555.0M	$528.0M	$591.0M
EMEA	$367.0M	$358.0M	$378.0M
Americas, Excluding The United States	$27.0M	$31.0M	$38.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

Cost of revenueSelling, general and adminProfit

Cost of revenue54¢$2.6B
Research and development7¢$354.0M
Selling, general and admin13¢$620.0M
Other costs5¢$259.0M
Income tax5¢$233.0M
Profit15¢$729.0M

Out of $4.8B in revenue.⁷

Where each dollar of operating cash went, fiscal 2025

Kept or used elsewhere

Dividends paid1¢$13.0M
Kept or used elsewhere99¢$1.3B

Out of $1.3B of cash from operations.⁷

Financial statements

Revenue⁷$4.8B in 2025+18% since 2023

Net income⁷$729.0M in 2025+37% since 2023

Every line of the income statement as filed: the last 3 fiscal years, latest first.⁷

Period ending	2025-12-31	2024-12-31	2023-12-31
Net sales	$4.8B	$4.3B	$4.0B
Cost of sales	$2.6B	$2.3B	$2.3B
Research and development expenses	$354.0M	$314.0M	$303.0M
Selling, general and administrative expenses	$620.0M	$603.0M	$533.0M
Amortization of intangibles	$207.0M	$232.0M	$262.0M
Restructuring and asset related charges - net	$20.0M	$8.0M	$52.0M
Acquisition, integration and separation costs	$25.0M	$0	$0
Equity in earnings of nonconsolidated affiliates	$47.0M	$37.0M	$16.0M
Interest expense	$65.0M	$0	$0
Other income (expense) - net	$11.0M	$25.0M	$11.0M
Income before income taxes	$962.0M	$901.0M	$632.0M
Provision for income taxes	$233.0M	$177.0M	$99.0M
Net income	$729.0M	$724.0M	$533.0M
Net income attributable to noncontrolling interests	$37.0M	$31.0M	$26.0M
Net income available for Qnity common stockholders	$692.0M	$693.0M	$507.0M
Earnings per common share - basic (in USD per share)	$3.30	$3.31	$2.42
Earnings per common share - diluted (in USD per share)	$3.30	$3.31	$2.42
Weighted-average common shares outstanding - basic (in shares)	209.6M shares	209.4M shares	209.4M shares
Weighted-average common shares outstanding - diluted (in shares)	209.8M shares	209.4M shares	209.4M shares

Total assets⁷$14.1B in 2025+15% since 2024

Total liabilities⁷$6.7B in 2025+387% since 2024

Shareholders’ equity⁷$7.1B in 2025−37% since 2022

Cash⁷$915.0M in 2025+451% since 2024

Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.⁷

Period ending	2025-12-31	2025-10-31	2024-12-31	2023-12-31	2022-12-31
Cash and cash equivalents	$915.0M		$166.0M
Accounts and notes receivable - net	$992.0M		$682.0M
Inventories - net	$661.0M		$597.0M
Prepaid and other current assets	$70.0M		$38.0M
Total current assets	$2.6B		$1.5B
Property, plant and equipment	$3.2B		$2.7B
Less: Accumulated depreciation	$1.4B		$1.1B
Total property, plant and equipment - net	$1.7B		$1.5B
Goodwill	$7.5B		$7.4B	$7.5B
Other intangible assets	$1.1B		$1.3B
Investments and noncurrent receivables	$402.0M		$394.0M
Deferred income tax assets	$42.0M		$42.0M
Deferred charges and other assets	$654.0M		$141.0M
Total other assets	$9.7B		$9.2B
Total Assets	$14.1B		$12.3B
Short-term borrowings	$24.0M		$0
Accounts payable	$680.0M		$528.0M
Income taxes payable	$150.0M		$161.0M
Accrued and other current liabilities	$502.0M		$150.0M
Total current liabilities	$1.4B		$839.0M
Long-Term Debt	$4.0B		$0
Deferred income tax liabilities	$273.0M		$259.0M
Pension and other post-employment benefits - noncurrent	$80.0M		$65.0M
Other noncurrent obligations	$992.0M		$214.0M
Total other noncurrent liabilities	$1.3B		$538.0M
Total Liabilities	$6.7B		$1.4B
Common stock (authorized 1,666,666,667 shares of $0.01 par value each; issued 2025: 209,479,173 shares; 2024: 0 shares)	$2.0M		$0
Preferred stock (authorized 1 share of $1.50 million par value; issued 2025: 1 share; 2024: 0 shares)	$2.0M		$0
Additional paid-in capital	$7.3B		$0
Retained earnings	$18.0M		$0
Parent company net investment	$0		$11.1B
Accumulated other comprehensive loss	-$213.0M		-$414.0M
Total Qnity equity	$7.1B		$10.6B
Noncontrolling interests	$271.0M		$252.0M
Total equity	$7.4B		$10.9B	$11.2B	$11.3B
Total Liabilities and Equity	$14.1B		$12.3B
Common stock authorized (in shares)	1.7B shares		1.7B shares
Common stock par value (in USD per share)	$0.01	$0.01	$0.01
Common stock issued (in shares)	209.5M shares		0 shares
Preferred stock authorized (in shares)	1 shares		1 shares
Preferred stock, par or stated value per share (in USD per share)	$1,500,000.00		$1,500,000.00
Preferred stock, shares issued (in shares)	1 shares		0 shares

Period ending	2025-12-31	2025-10-31	2024-12-31	2023-12-31	2022-12-31
Cash and cash equivalents	$915.0M		$166.0M
Accounts and notes receivable - net	$992.0M		$682.0M
Inventories - net	$661.0M		$597.0M
Prepaid and other current assets	$70.0M		$38.0M
Total current assets	$2.6B		$1.5B
Property, plant and equipment	$3.2B		$2.7B
Less: Accumulated depreciation	$1.4B		$1.1B
Total property, plant and equipment - net	$1.7B		$1.5B
Goodwill	$7.5B		$7.4B	$7.5B
Other intangible assets	$1.1B		$1.3B
Investments and noncurrent receivables	$402.0M		$394.0M
Deferred income tax assets	$42.0M		$42.0M
Deferred charges and other assets	$654.0M		$141.0M
Total other assets	$9.7B		$9.2B
Total Assets	$14.1B		$12.3B
Short-term borrowings	$24.0M		$0
Accounts payable	$680.0M		$528.0M
Income taxes payable	$150.0M		$161.0M
Accrued and other current liabilities	$502.0M		$150.0M
Total current liabilities	$1.4B		$839.0M
Long-Term Debt	$4.0B		$0
Deferred income tax liabilities	$273.0M		$259.0M
Pension and other post-employment benefits - noncurrent	$80.0M		$65.0M
Other noncurrent obligations	$992.0M		$214.0M
Total other noncurrent liabilities	$1.3B		$538.0M
Total Liabilities	$6.7B		$1.4B
Common stock (authorized 1,666,666,667 shares of $0.01 par value each; issued 2025: 209,479,173 shares; 2024: 0 shares)	$2.0M		$0
Preferred stock (authorized 1 share of $1.50 million par value; issued 2025: 1 share; 2024: 0 shares)	$2.0M		$0
Additional paid-in capital	$7.3B		$0
Retained earnings	$18.0M		$0
Parent company net investment	$0		$11.1B
Accumulated other comprehensive loss	-$213.0M		-$414.0M
Total Qnity equity	$7.1B		$10.6B
Noncontrolling interests	$271.0M		$252.0M
Total equity	$7.4B		$10.9B	$11.2B	$11.3B
Total Liabilities and Equity	$14.1B		$12.3B
Common stock authorized (in shares)	1.7B shares		1.7B shares
Common stock par value (in USD per share)	$0.01	$0.01	$0.01
Common stock issued (in shares)	209.5M shares		0 shares
Preferred stock authorized (in shares)	1 shares		1 shares
Preferred stock, par or stated value per share (in USD per share)	$1,500,000.00		$1,500,000.00
Preferred stock, shares issued (in shares)	1 shares		0 shares

Cash from operations⁷$1.3B in 2025+44% since 2023

Dividends paid⁷$13.0M in 2025

Every line of the cash flow as filed: the last 3 fiscal years, latest first.⁷

Period ending	2025-12-31	2024-12-31	2023-12-31
Net income	$729.0M	$724.0M	$533.0M
Depreciation of property, plant and equipment	$169.0M	$162.0M	$141.0M
Amortization of definite-lived intangible assets	$207.0M	$232.0M	$262.0M
Stock-based compensation	$20.0M	$13.0M	$13.0M
Credit for deferred income tax and other tax related items	-$79.0M	-$81.0M	-$79.0M
Net gain on sales of assets	-$1.0M	-$16.0M	-$8.0M
Restructuring and asset related charges - net	$20.0M	$8.0M	$52.0M
Net periodic pension benefit cost	$9.0M	$5.0M	$10.0M
Periodic benefit plan contributions	-$10.0M	-$4.0M	-$10.0M
Earnings of nonconsolidated affiliates less dividends received	-$5.0M	$4.0M	$11.0M
Accounts and notes receivable	-$12.0M	-$53.0M	$12.0M
Inventories	-$51.0M	-$84.0M	$86.0M
Other assets	-$395.0M	$39.0M	-$40.0M
Accounts payable	$119.0M	$78.0M	-$54.0M
Accrued and other current liabilities	$108.0M	$39.0M	-$96.0M
Other noncurrent liabilities	$385.0M	-$33.0M	$63.0M
Income tax liabilities	$60.0M	$28.0M	-$14.0M
Cash provided by operating activities	$1.3B	$1.1B	$882.0M
Capital expenditures	-$285.0M	-$200.0M	-$231.0M
Proceeds from sales of property and other assets	$0	$15.0M	$5.0M
Other investing activities, net	$0	$13.0M	$0
Cash used for investing activities	-$285.0M	-$172.0M	-$226.0M
Proceeds from issuance of Company stock	$1.0M	$0	$0
Proceeds from issuance of Preferred stock	$2.0M	$0	$0
Distributions to noncontrolling interests	-$21.0M	-$17.0M	-$18.0M
Dividends paid to stockholders	-$13.0M	$0	$0
Net transfers to Parent	-$4.2B	-$831.0M	-$610.0M
Proceeds from issuance of long-term debt	$4.1B	$0	$0
Payments for debt issuance costs	-$88.0M	$0	$0
Cash used for financing activities	-$248.0M	-$848.0M	-$628.0M
Effect of exchange rate changes on cash and cash equivalents	$9.0M	-$14.0M	-$4.0M
Increase in cash and cash equivalents	$749.0M	$27.0M	$24.0M
Interest, net of amounts capitalized	$0	$0	$0
Income taxes, net of refunds	$94.0M	$62.0M	$80.0M

Compare Qnity with another company

The story

The company was formed in December 2024 to own the electronics division of DuPont. In November 2025, DuPont completed the corporate spin-off of the company. The name "Qnity" was devised by Lippincott to include the letter "Q", the emblem of the power icon on electronics devices, as well as the word "unity". DuPont had expanded heavily into electronics in 1987. It acquired Laird Performance Materials for $2.3 billion in July 2021.

In March 2026, the company partnered with Nvidia to engage in research and development of materials for semiconductors and packaging technology for artificial intelligence and high-performance computing. Also in March 2026, the company was added to the domestic supply chain of Apple Inc. The company also announced a $61.5 million investment in Taiwan by acquiring the N9 plant in Zhunan, Miaoli County, from Ennostar.

From Wikipedia’s article on Qnity Electronics, shared under CC BY-SA 4.0.⁶

Leadership

Who has led Qnity, and when. Pick a name to see everywhere that person has worked.

Chief executive

Jon D. Kemp2025–now

President

Chief financial officer

Chief executive officerJon D. Kemp Sep 30, 2025 to now¹⁰
PresidentCas Katherine Dei Aug 6, 2026 to now¹¹
PresidentChuck Xu Oct 22, 2025 to Aug 6, 2026¹²
PresidentSang Ho Kang Oct 22, 2025 to Aug 6, 2026¹³
Chief financial officerMichael G. Goss Feb 18, 2026 to now¹⁴
Chief financial officerMatthew K. Harbaugh Oct 17, 2025 to Feb 18, 2026¹⁵

Board members and other officers (13)

Chief People OfficerKathleen M. Fortebuono Oct 16, 2025 to now¹⁶
VP & ControllerMichael G. Goss Nov 4, 2025 to now¹⁷
Board memberJon D. Kemp Sep 30, 2025 to now¹⁰
Board memberSteven Sterin Oct 27, 2025 to now¹⁸
Board memberAnne P. Noonan Nov 3, 2025 to now¹⁹
Board memberBondt Karin De Nov 3, 2025 to now²⁰
Board memberByron Green Nov 3, 2025 to now²¹
Board memberMark A. Blinn Nov 3, 2025 to now²²
Board memberShumeet Banerji Nov 3, 2025 to now²³
Board memberYi Hyon Paik Nov 3, 2025 to now²⁴
Board memberKristina M. Johnson Nov 4, 2025 to now²⁵
Board memberTerrence R. Curtin Nov 4, 2025 to now²⁶
General counselPeter W. Hennessey Oct 16, 2025 to now²⁷

Former names

Novus SpinCo 1, Inc.Apr 24, 2025 to Apr 24, 2025⁵

Timeline

Sep 30, 2025New chief executive Jon D. Kemp becomes CEO¹⁰

Filings

141 filings to the SEC since October 2021: 1 annual reports, 3 quarterly reports, 13 major events, 96 insider forms, 6 large holders, 22 other. The latest 20:

Oct 1, 20263 EDGAR
Sep 10, 20268-K EDGAR
Sep 2, 20264 EDGAR
Sep 2, 20264 EDGAR
Aug 21, 20268-K EDGAR
Aug 12, 20264 EDGAR
Aug 6, 20264 EDGAR
Aug 6, 20263 EDGAR
Aug 4, 202610-Q EDGAR
Aug 4, 20268-K EDGAR
Jul 31, 2026SCHEDULE 13G/A EDGAR
Jul 1, 20268-K EDGAR
Jun 15, 20264 EDGAR
Jun 8, 20264 EDGAR
Jun 5, 2026144 EDGAR
Jun 1, 20264 EDGAR
Jun 1, 20264 EDGAR
May 29, 2026SD EDGAR
May 26, 2026144 EDGAR
May 26, 20264 EDGAR

The 141 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 6 such filings since October 2021:

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
BlackRock, Inc.	16,055,318	$2.6B	0.0%	+159,069
Vanguard Capital Management LLC	13,674,813	$2.2B	0.0%	+47,741
Vanguard Portfolio Management LLC	10,213,503	$1.7B	0.1%	−441,454
State Street Corp	9,364,085	$1.5B	0.0%	+308,027
Geode Capital Management, LLC	5,594,185	$910.0M	0.0%	+109,452
Durable Capital Partners LP	4,553,414	$743.6M	7.2%	−534,694
Allspring Global Investments Holdings, LLC	4,350,561	$667.2M	1.0%	−25,174
Invesco Ltd.	4,059,842	$663.0M	0.1%	+538,843
Morgan Stanley	3,367,542	$550.0M	0.0%	+198,861
Jane Street Group, LLC	2,508,359	$409.6M	0.3%	+766,098
Northern Trust Corp	2,096,653	$342.4M	0.0%	−135,247
Goldman Sachs Group Inc	2,076,950	$339.2M	0.0%	+506,656
Bank Of America Corp /de/	1,958,579	$319.9M	0.0%	−64,709
PointState Capital LP	1,797,184	$293.5M	5.2%	+59,240
Amundi	1,748,007	$285.5M	0.1%	+757,490
Two Sigma Investments, LP	1,731,805	$282.8M	0.2%	+303,550
Norges Bank	1,671,610	$273.0M	0.0%	New
Bank of New York Mellon Corp	1,654,440	$270.2M	0.0%	+319,588
Dimensional Fund Advisors LP	1,629,333	$266.0M	0.0%	−32,303
Charles Schwab Investment Management Inc	1,505,919	$245.9M	0.0%	+37,714
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	1,488,828	$243.1M	0.0%	+190,221
Raymond James Financial Inc	1,428,539	$233.3M	0.1%	−86,829
Legal & General Group Plc	1,382,895	$225.8M	0.0%	+38,377
Bnp Paribas Financial Markets	1,356,618	$221.5M	0.1%	+632,977
Barrow Hanley Mewhinney & Strauss LLC	1,356,150	$221.5M	0.7%	−136,091

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

3 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

Date	Member	Trade	Amount	Vs S&P since	Filing
Mar 27, 2026	Alan ArmstrongRepublican, Senate	Buy	$1,001 - $15,000	−14.7%	Report
Nov 3, 2025	Debbie DingellDemocratic, House	Exchange	$1,001 - $15,000		Report
Nov 3, 2025	Gilbert Ray Cisneros, Jr.Democratic, House	Exchange	$1,001 - $15,000		Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataQnity on Wikidata
2
SEC EDGARQnity filings on SEC EDGAR
3
WikipediaQnity on Wikipedia
4
Wikimedia CommonsQnity logo by Qnity Electronics, Inc., Public domain
5
SEC EDGARQnity filings on SEC EDGAR
6
WikipediaQnity on Wikipedia (revision used)
7
SEC EDGARQnity 10-K for fiscal 2025
8
SEC EDGARQnity 10-Q for fiscal 2026
9
SEC EDGARQnity 10-Q for fiscal 2026
10
SEC EDGARJon D. Kemp, Chief executive officer
11
SEC EDGARCas Katherine Dei, President
12
SEC EDGARChuck Xu, President
13
SEC EDGARSang Ho Kang, President
14
SEC EDGARMichael G. Goss, Chief financial officer
15
SEC EDGARMatthew K. Harbaugh, Chief financial officer
16
SEC EDGARKathleen M. Fortebuono, Chief People Officer
17
SEC EDGARMichael G. Goss, VP & Controller
18
SEC EDGARSteven Sterin, Board member
19
SEC EDGARAnne P. Noonan, Board member
20
SEC EDGARBondt Karin De, Board member
21
SEC EDGARByron Green, Board member
22
SEC EDGARMark A. Blinn, Board member
23
SEC EDGARShumeet Banerji, Board member
24
SEC EDGARYi Hyon Paik, Board member
25
SEC EDGARKristina M. Johnson, Board member
26
SEC EDGARTerrence R. Curtin, Board member
27
SEC EDGARPeter W. Hennessey, General counsel