By Al Root
The world needs more semiconductors right now. DuPont spinout Qnity Electronics helps make them and the rising demand showed up in its earnings report.
Shares rose early Tuesday after the company reported better-than-expected first-quarter earnings.
Qnity reported first-quarter earnings per share of $1.08 from sales of $1.3 billion. Wall Street was looking for 92 cents and $1.3 billion, respectively, according to FactSet. A year ago, Qnity reported first-quarter earnings per share of 81 cents from sales of $1.1 billion.
"These results reflect the strength of our integrated portfolio--spanning advanced chips, advanced packaging and interconnects, and thermal management--as well as our ability to innovate side-by-side with customers to power the next leap in AI and emerging technologies," said CEO Jon Kemp in a news release. "Growth today is increasingly coming from stacking chips and building more complex, integrated systems. Qnity is uniquely positioned as a partner of choice -- helping customers build, scale, and operate next-generation computing platforms."
Qnity supplies advanced materials and technologies to the semiconductor manufacturing industry.
Looking ahead, Qnity expects earnings per share in 2026 of $3.80 to $4.14 on sales of about $5.3 billion. Prior guidance called for earnings per share of $3.55 to $3.95 on about $5 billion in sales. Wall Street currently projects earnings per share of $3.80 from sales of $5.1 billion.
Qnity stock was up 3.4% in premarket trading at $158.50, while S&P 500 and Dow Jones Industrial Average futures were down 0.3% and 0.1%, respectively.
Coming into Tuesday, Qnity stock had risen 88% this year, boosted by rising chip demand. Shares have performed well since their spin-out from DuPont in November. Shares started trading for about $95 apiece.
Write to Al Root at allen.root@dowjones.com
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May 12, 2026 06:33 ET (10:33 GMT)
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