$Q — HOLD 📊 | 6 MONTHS THESIS

Qnity Electronics, Inc. 🎯 FQ2 FY2026 (ends Jun) | reported Aug 04 | Rev $1.4B | Adj EPS $1.19 vs $1.06 🟢 | GAAP EPS $0.59 💡 The reported adjusted EPS beat is meaningful (+12% vs consensus) and the company raised full-year guidance above consensus, yet the stock faded from the post-earnings high. The market appears to be under-weighting the upside revision because GAAP EPS was only $0.59 and net income fell year over year ($124M vs $188M) despite 22% revenue growth; the... 🏢 Business Quality: 6/10 📊 Valuation: At $129.57 with ~209.2M shares, market cap is ~$27.1B. On FY26 adjusted EPS guidance midpoint of $4.50 the stock trades at ~28.8x forward; TTM... 🔮 Catalyst: FQ3 FY26 earnings (quarter ending September 30,2026, likely reported late October or early November 2026) is the primary 6-month catalyst. Watch revenue of roughly $1.45-$1.5B and adjusted EPS near $1.15-$1.25; a second sequential beat would support the raised FY26 adjusted EPS range of $4.40-$4.60 and likely force upwar

Qnity Electronics, Inc.