Qnity Electronics Inc's stock soared 5.72% during intraday trading on Tuesday, following the release of better-than-expected first-quarter results and an upward revision to its full-year financial outlook.

The semiconductor solutions provider reported adjusted earnings per share of $1.08 for Q1 2026, beating the consensus estimate of $0.92 and representing a 33% increase from the prior year. Revenue climbed 18% year-over-year to $1.32 billion, also surpassing analyst expectations.

Driven by surging customer demand for artificial intelligence and high-performance computing infrastructure, the company raised its full-year 2026 guidance. Qnity now expects adjusted EPS in the range of $3.80 to $4.14, up from its previous forecast, and revenue between $5.23 billion and $5.38 billion. CEO Jon Kemp cited growth from stacking chips and building more complex, integrated systems for next-generation AI and computing platforms as key drivers.