CluenexQnity Electronics Q
Qnity Electronics scores average on business quality (4.7 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Qnity Electronics does
Qnity Electronics builds specialized semiconductor manufacturing equipment, selling direct to chipmakers who rely on its tools to fabricate advanced nodes. Revenue reaches $5.2B on hardware sales and servicing.
- What it does best
Qnity delivers competitive operating efficiency within its peer group, posting a 21.7% operating margin that outpaces Entegris at 17.1%. This performance stems from deep engineering integration into customer fabrication lines.
- The main risk
Debt levels sit at $4.0B with a net debt position of $3.1B, creating vulnerability if cyclical semiconductor downturns compress cash flows and pressure interest coverage.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin stands at 21.7% with a free cash flow margin of 20.1%, remaining stable as revenue scales upward across cycles.
Customer lock-in relies on installed hardware, though a gross margin ranking in the 28th sector percentile suggests limited pricing power versus peers like Teradyne.
Revenue growth registers at 9.7%, up from $4.4B in 2024 to $5.2B, showing a steady recovery across annual periods.
Total debt of $4.0B and interest coverage of 6.0x leave thin cushions, though free cash flow reached $1.0B: getting softer on leverage.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
1 insider bought $138K on the open market.
Our sealed record on Q
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Qnity Electronics scores average on the Cluenex quality check (4.7 of 10), measured against its own industry. Profitability is fair, moat fair, growth slow and financial health fair.
In the last 90 days of SEC Form 4 filings: 1 insider bought $138K on the open market.
Nov 4, 2026.
See Q today
- Today's verdict on Q, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Qnity Electronics (Q)”, https://cluenex.com/stocks/q/, data as of Oct 10, 2026.