Tearsheet

Qnity Electronics (Q)


Market Price (6/20/2026): $174.0 | Market Cap: $36.5 BilInvestor Relations Sector: Information Technology | Industry: Semiconductor Materials & Equipment

Qnity Electronics (Q)


Market Price (6/20/2026): $174.0
Market Cap: $36.5 Bil
Sector: Information Technology
Industry: Semiconductor Materials & Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18%

Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%

Weak multi-year price returns
3Y Excs Rtn is -3.9%

Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 66x

Stock price has recently run up significantly
6M Rtn6 month market price return is 112%

Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 99%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.7%

Key risks
Q key risks include [1] intensifying competition and [2] the impact of China's de-stocking due to U.S. Show more.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18%
1 Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%
2 Weak multi-year price returns
3Y Excs Rtn is -3.9%
3 Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 66x
4 Stock price has recently run up significantly
6M Rtn6 month market price return is 112%
5 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 99%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.7%
7 Key risks
Q key risks include [1] intensifying competition and [2] the impact of China's de-stocking due to U.S. Show more.

Q in ETFs

Weight = Q's share of each fund

SPY0.05%
VOO0.05%
IVV0.05%
VTI0.04%
ITOT0.04%
IWB0.05%
RSP0.24%
VTV0.06%
+24 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/18/2026

Qnity Electronics (Q) stock has gained about 35% since 2/28/2026 because of the following key factors:

1. Exceptional Fiscal Q1 2026 Earnings Performance and Organic Growth.

Qnity Electronics reported strong financial results for fiscal Q1 2026, which ended March 31, 2026, and were announced on May 12, 2026. The company's adjusted earnings per share (EPS) of $1.08 significantly surpassed the consensus estimate of $0.92 by $0.16, representing an 17.4% beat. Additionally, net sales for the quarter rose 18% year-over-year to $1.315 billion, driven by 17% organic sales growth. This marked the eighth consecutive quarter of strong profitable organic growth for Qnity.

2. Increased Full-Year Fiscal 2026 Financial Guidance.

Following the robust fiscal Q1 2026 results, Qnity Electronics raised its full-year fiscal 2026 financial guidance across all key metrics. The company increased its net sales outlook to a range of $5.225 billion to $5.375 billion, roughly 5% higher at the midpoint compared to previous guidance. Adjusted EPS guidance was also raised to $3.80-$4.14. This upward revision signaled management's strong confidence in continued momentum and future performance, driven by accelerating demand in AI-related semiconductor and advanced packaging.

Show more
Updated on 6/18/2026

Qnity Electronics (Q) stock has gained about 35% since 2/28/2026 because of the following key factors:

1. Exceptional Fiscal Q1 2026 Earnings Performance and Organic Growth.

Qnity Electronics reported strong financial results for fiscal Q1 2026, which ended March 31, 2026, and were announced on May 12, 2026. The company's adjusted earnings per share (EPS) of $1.08 significantly surpassed the consensus estimate of $0.92 by $0.16, representing an 17.4% beat. Additionally, net sales for the quarter rose 18% year-over-year to $1.315 billion, driven by 17% organic sales growth. This marked the eighth consecutive quarter of strong profitable organic growth for Qnity.

2. Increased Full-Year Fiscal 2026 Financial Guidance.

Following the robust fiscal Q1 2026 results, Qnity Electronics raised its full-year fiscal 2026 financial guidance across all key metrics. The company increased its net sales outlook to a range of $5.225 billion to $5.375 billion, roughly 5% higher at the midpoint compared to previous guidance. Adjusted EPS guidance was also raised to $3.80-$4.14. This upward revision signaled management's strong confidence in continued momentum and future performance, driven by accelerating demand in AI-related semiconductor and advanced packaging.

3. Strategic Positioning in the Accelerating AI and Advanced Semiconductor Market.

Qnity Electronics benefited from its strategic position as a premier technology provider across the semiconductor value chain, with a focus on materials innovation critical for artificial intelligence (AI), high-performance computing, and advanced connectivity. CEO Jon Kemp highlighted Qnity's central role in the "AI era," emphasizing the company's integrated portfolio spanning advanced chips, advanced packaging, and thermal management. The company has also announced collaborations with industry-leading players, including NVIDIA, to accelerate AI-driven materials innovation and expand capacity.

4. Positive Analyst Sentiment and Upgraded Price Targets.

Wall Street analysts maintained a positive outlook on Qnity Electronics, with a consensus rating of "Moderate Buy" or "Strong Buy." Following the strong fiscal Q1 2026 earnings report and increased guidance, analysts reinforced their positive sentiment. Several analysts issued updated price targets for the stock, with an average target of $179.00 based on recent reports from the last three months, indicating confidence in the company's sustained growth trajectory.

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Stock Movement Drivers

Fundamental Drivers

The 33.4% change in Q stock from 2/28/2026 to 6/19/2026 was primarily driven by a 44.0% change in the company's P/E Multiple.
(LTM values as of)22820266192026Change
Stock Price ($)126.70168.9833.4%
Change Contribution By: 
Total Revenues ($ Mil)4,7544,9514.1%
Net Income Margin (%)12.1%10.8%-11.0%
P/E Multiple46.266.544.0%
Shares Outstanding (Mil)209210-0.1%
Cumulative Contribution33.4%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/19/2026
ReturnCorrelation
Q33.4% 
Market (SPY)9.2%70.9%
Sector (XLK)38.1%70.1%

Fundamental Drivers

The 108.6% change in Q stock from 11/30/2025 to 6/19/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.
(LTM values as of)113020256192026Change
Stock Price ($)81.00168.98108.6%
Change Contribution By: 
Total Revenues ($ Mil)4,9510.0%
Net Income Margin (%)10.8%0.0%
P/E Multiple66.50.0%
Shares Outstanding (Mil)209210-0.1%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/19/2026
ReturnCorrelation
Q108.6% 
Market (SPY)9.9%66.6%
Sector (XLK)34.1%68.2%

Fundamental Drivers

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Market Drivers

5/31/2025 to 6/19/2026
ReturnCorrelation
Q  
Market (SPY)28.1%67.1%
Sector (XLK)66.8%67.6%

Fundamental Drivers

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Market Drivers

5/31/2023 to 6/19/2026
ReturnCorrelation
Q  
Market (SPY)85.7%67.1%
Sector (XLK)137.9%67.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
Q Return-----19%92%56%
Peers Return56%-39%97%59%27%3%294%
S&P 500 Return27%-19%24%23%16%8%98%

Monthly Win Rates [3]
Q Win Rate----50%83% 
Peers Win Rate67%28%73%67%57%43% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
Q Max Drawdown------17% 
Peers Max Drawdown-15%-45%-17%-20%-30%-19% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: AAPL, MSFT, GOOGL, AMZN, NVDA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/18/2026 (YTD)

How Low Can It Go

Q has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.

EventXLKS&P 500
2025 US Tariff Shock
  % Loss-25.7%-18.8%
  % Gain to Breakeven34.5%23.1%
  Time to Breakeven65 days79 days
2024 Yen Carry Trade Unwind
  % Loss-17.0%-7.8%
  % Gain to Breakeven20.4%8.5%
  Time to Breakeven92 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-10.0%-9.5%
  % Gain to Breakeven11.2%10.5%
  Time to Breakeven15 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-33.1%-24.5%
  % Gain to Breakeven49.5%32.4%
  Time to Breakeven246 days427 days
2020 COVID-19 Crash
  % Loss-31.2%-33.7%
  % Gain to Breakeven45.2%50.9%
  Time to Breakeven78 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.8%-19.2%
  % Gain to Breakeven31.2%23.8%
  Time to Breakeven100 days105 days

Compare to AAPL, MSFT, GOOGL, AMZN, NVDA

In The Past

State Street Technology Select Sector SPDR ETF's stock fell -25.7% during the 2025 US Tariff Shock. Such a loss loss requires a 34.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Q has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.

EventXLKS&P 500
2025 US Tariff Shock
  % Loss-25.7%-18.8%
  % Gain to Breakeven34.5%23.1%
  Time to Breakeven65 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-33.1%-24.5%
  % Gain to Breakeven49.5%32.4%
  Time to Breakeven246 days427 days
2020 COVID-19 Crash
  % Loss-31.2%-33.7%
  % Gain to Breakeven45.2%50.9%
  Time to Breakeven78 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.8%-19.2%
  % Gain to Breakeven31.2%23.8%
  Time to Breakeven100 days105 days
2008-2009 Global Financial Crisis
  % Loss-51.5%-53.4%
  % Gain to Breakeven106.2%114.4%
  Time to Breakeven797 days1085 days

Compare to AAPL, MSFT, GOOGL, AMZN, NVDA

In The Past

State Street Technology Select Sector SPDR ETF's stock fell -25.7% during the 2025 US Tariff Shock. Such a loss loss requires a 34.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Qnity Electronics (Q)

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Jon Kemp Chief Executive Officer

Jon Kemp was appointed as Chief Executive Officer of Qnity Electronics in connection with its spin-off from DuPont. He previously served as President of the Electronics and Industrial segment within DuPont since August 2019. Mr. Kemp also held the position of President of DuPont Electronics and Communications from 2015 to 2017 and was the head of strategy for the Specialty Products Division of DowDuPont from October 2017 to June 2019. He has been a member of the Semiconductor Equipment and Materials International (SEMI) board of directors since 2016.

Mike Goss Interim Chief Financial Officer

Mike Goss was appointed Interim Chief Financial Officer of Qnity Electronics on January 16, 2026, following the resignation of Matt Harbaugh. Prior to this role, he served as the company's Principal Accounting Officer and Controller. Mr. Goss brings nearly three decades of finance experience, including 14 years at DuPont, where he most recently held the position of Vice President, Principal Accounting Officer, and Controller from December 2018 to October 2025. His career also includes various roles at Ernst & Young before joining DuPont.

Peter Hennessey General Counsel

Peter Hennessey was appointed as General Counsel for Qnity Electronics in connection with the Spin-Off. Before joining Qnity, he served as Vice President, Associate General Counsel, and Corporate Secretary of DuPont since September 2019. Prior to his tenure at DuPont, Mr. Hennessey was a partner at Ballard Spahr LLP, and earlier in his career, he worked as an associate attorney at Wilson Sonsini Goodrich & Rosati, P.C. and Skadden.

Kathleen Fortebuono Chief People Officer

Kathleen Fortebuono was appointed Chief People Officer of Qnity Electronics in connection with the company's spin-off. She previously served as Vice President, Global Rewards, Talent and HR M&A at DuPont since July 2019. Ms. Fortebuono also held the role of Vice President, Global Rewards and Talent Management at Chemours, and has accumulated human resources leadership experience at various companies including eBay Inc., GSI Commerce Solutions, and IKON Office Solutions.

Chuck Xu President, Interconnect Solutions

Chuck Xu was appointed President of the Interconnect Solutions segment for Qnity Electronics when the company spun off. He previously held the position of Vice President and General Manager of the Interconnect Solutions business group within DuPont's Electronics and Industrial segment since August 2023. Mr. Xu also served as a director of Jinchen Holdings, Ltd. from 2017 to 2023 and has been on the board of Michelman Inc. since 2021.

AI Analysis | Feedback

Qnity Electronics (symbol: Q) faces several key risks to its business. The most significant risk is the company's heavy dependence on the cyclical nature of the global semiconductor industry. Downturns in this industry can lead to decreased demand for Qnity's products, directly impacting its revenue and operating performance. Another critical risk stems from the rapid technological advancements and shifting customer demands inherent in the electronics industry. Qnity must continuously innovate and introduce new products to maintain its market share; a failure to keep pace with these advancements could result in a loss of competitiveness. Finally, Qnity's global business operations, particularly its substantial exposure in the Asia Pacific region, subject it to risks associated with geopolitical forces, trade conflicts, and sanctions laws.

AI Analysis | Feedback

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AI Analysis | Feedback

Qnity Electronics (symbol: Q) operates primarily in the semiconductor and electronics industries, providing materials and solutions through two main segments: Semiconductor Technologies and Interconnect Solutions. The company's primary products and services include: * **Semiconductor Technologies**: This segment offers chemical mechanical planarization (CMP) pads and slurries, photoresists, functional sub-layers, advanced overcoats, post-CMP cleaners, post-etch residue removers, and emerging cleans, which are crucial consumables for advanced chip fabrication. * **Interconnect Solutions**: This segment provides material solutions for signal integrity, thermal and power management, and advanced packaging, including laminates, films, and circuit metallization for Printed Circuit Boards (PCBs). The total addressable market for Qnity Electronics' portfolio, with two-thirds tied directly to semiconductors, is reported to exceed **$30 billion globally**. The global semiconductor industry revenue is projected to surpass $1 trillion around the end of the decade.

AI Analysis | Feedback

Qnity Electronics (symbol: Q) is expected to drive future revenue growth over the next 2-3 years through several key areas:

  1. AI-Driven Demand and High-Performance Computing: The company is strategically positioned to benefit significantly from the ongoing AI supercycle and increasing demand for high-performance computing (HPC) applications. Qnity provides essential materials and solutions for advanced nodes, advanced packaging, and thermal management, which are critical components for AI-driven applications and data centers.
  2. Growth in Semiconductor Volumes and Advanced Chip Fabrication: A substantial portion of Qnity's revenue (around 90%) comes from selling "consumables" for chip manufacturing. The global silicon wafer shipment is projected to reach new record highs by 2028, directly correlating with increased demand for Qnity's products. Additionally, the industry's shift towards more advanced chips with smaller nodes requires higher volumes of premium-priced materials, further boosting revenue.
  3. Advanced Packaging and Thermal Management Solutions: Qnity's portfolio of advanced packaging and thermal management solutions is a significant growth driver within both its Semiconductor Technologies and Interconnect Solutions segments. This segment is bolstered by the increasing demand for high-bandwidth memory (HBM) and capital expenditures by hyperscalers.
  4. Strategic Transformation Plan and Operational Enhancements: The company has initiated a multi-year transformation plan aimed at achieving an estimated $100 million in Adjusted Operating EBITDA run-rate benefit by the end of 2028. This plan focuses on commercial and innovation excellence, strengthening operational productivity through automation and tailored AI applications, and optimizing its presence in key markets, which is expected to enhance overall growth and profitability.
  5. Expansion into Other High-Growth Semiconductor Markets: Beyond AI, Qnity is also poised to benefit from growth in other key semiconductor-dependent industries, including the autonomous driving sector and the consumer semiconductor market (such as smartphones and smartwatches). This diversification contributes to broader revenue growth opportunities.

AI Analysis | Feedback

Share Repurchases

  • Qnity Electronics announced an equity buyback for $500 million worth of its shares on February 27, 2026.

Share Issuance

  • Approximately 209 million shares of Qnity common stock were distributed to DuPont shareholders on November 1, 2025, as part of the spin-off.

Capital Expenditures

  • Qnity announced a $61.5 million investment in a new advanced semiconductor research & manufacturing facility on March 6, 2026.
  • The company is expanding its domestic manufacturing footprint to accelerate semiconductor industry growth.
  • Capital expenditures are focused on the semiconductor value chain, including advanced nodes, AI applications, chip manufacturing, advanced packaging, and thermal management.

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1Qnity Electronics Earnings Notes05/09/2026
Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

QAAPLMSFTGOOGLAMZNNVDAMedian
NameQnity El.Apple MicrosoftAlphabet Amazon.c.NVIDIA  
Mkt Price168.98298.01379.40368.03244.39210.69271.20
Mkt Cap35.44,372.82,817.44,452.82,625.55,116.83,595.1
Rev LTM4,951451,442318,273422,499742,776253,491370,386
Op Inc LTM1,056147,366148,957138,12985,422162,285142,748
FCF LTM898129,17472,91664,429-2,472119,07668,672
FCF 3Y Avg-109,86070,95269,47421,34676,82570,952
CFO LTM1,201140,222170,141174,353148,531125,648144,376
CFO 3Y Avg-120,114136,991138,013120,52780,777120,527

Growth & Margins

QAAPLMSFTGOOGLAMZNNVDAMedian
NameQnity El.Apple MicrosoftAlphabet Amazon.c.NVIDIA  
Rev Chg LTM10.8%12.8%17.9%17.5%14.2%70.7%15.8%
Rev Chg 3Y Avg-5.6%15.3%14.1%12.3%121.7%14.1%
Rev Chg Q17.6%16.6%18.3%21.8%16.6%85.2%18.0%
QoQ Delta Rev Chg LTM4.1%3.6%4.2%4.9%3.6%17.4%4.2%
Op Inc Chg LTM13.4%15.7%22.0%17.5%19.2%88.3%18.3%
Op Inc Chg 3Y Avg-9.6%20.7%24.3%108.4%376.9%24.3%
Op Mgn LTM21.3%32.6%46.8%32.7%11.5%64.0%32.7%
Op Mgn 3Y Avg-31.8%45.6%31.5%10.2%60.6%31.8%
QoQ Delta Op Mgn LTM0.1%0.3%0.1%0.7%0.3%3.6%0.3%
CFO/Rev LTM24.3%31.1%53.5%41.3%20.0%49.6%36.2%
CFO/Rev 3Y Avg-29.1%49.5%37.3%18.1%50.5%37.3%
FCF/Rev LTM18.1%28.6%22.9%15.2%-0.3%47.0%20.5%
FCF/Rev 3Y Avg-26.6%26.1%19.3%3.5%48.3%26.1%

Valuation

QAAPLMSFTGOOGLAMZNNVDAMedian
NameQnity El.Apple MicrosoftAlphabet Amazon.c.NVIDIA  
Mkt Cap35.44,372.82,817.44,452.82,625.55,116.83,595.1
P/S7.29.78.910.53.520.29.3
P/Op Inc33.629.718.932.230.731.531.1
P/EBIT33.629.717.922.822.327.024.9
P/E66.535.722.527.828.932.130.5
P/CFO29.531.216.625.517.740.727.5
Total Yield1.5%3.2%5.4%3.8%3.5%3.1%3.3%
Dividend Yield0.0%0.4%0.9%0.2%0.0%0.0%0.1%
FCF Yield 3Y Avg-3.4%2.5%3.2%1.1%2.4%2.5%
D/E0.10.00.00.00.10.00.0
Net D/E0.10.0-0.0-0.00.0-0.0-0.0

Returns

QAAPLMSFTGOOGLAMZNNVDAMedian
NameQnity El.Apple MicrosoftAlphabet Amazon.c.NVIDIA  
1M Rtn10.5%-1.4%-9.7%-5.3%-7.8%-5.6%-5.5%
3M Rtn57.1%20.3%-0.4%22.3%19.0%22.1%21.2%
6M Rtn112.3%9.1%-21.6%20.0%7.5%16.6%12.8%
12M Rtn67.8%52.2%-20.4%112.9%15.0%45.0%48.6%
3Y Rtn67.8%63.3%14.9%201.6%94.3%381.9%81.0%
1M Excs Rtn14.4%-2.3%-10.9%-7.0%-7.8%-6.4%-6.7%
3M Excs Rtn37.5%6.3%-15.8%6.4%3.5%4.6%5.4%
6M Excs Rtn105.2%-1.6%-30.3%9.9%-0.5%8.4%4.0%
12M Excs Rtn42.4%27.6%-45.4%84.4%-11.6%21.0%24.3%
3Y Excs Rtn-3.9%-6.8%-55.5%128.2%21.3%342.9%8.7%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil2025
Semiconductor Technologies2,642
Interconnect Solutions2,112
Total4,754


Price Behavior

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Q Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta3.072.782.812.800.25-0.23
Up Beta2.472.993.082.84-0.060.57
Down Beta2.994.443.123.20-0.670.16
Up Capture301%251%314%524%229%21%
Bmk +ve Days13283667141432
Stock +ve Days102334737979
Down Capture403%279%241%180%139%70%
Bmk -ve Days7132757109318
Stock -ve Days101829516262

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with Q
Q68.1%57.7%1.67-
Sector ETF (XLK)59.9%23.1%1.9667.6%
Equity (SPY)26.5%12.4%1.6167.1%
Gold (GLD)24.2%27.5%0.7731.7%
Commodities (DBC)19.8%18.8%0.83-11.5%
Real Estate (VNQ)11.0%13.7%0.5223.5%
Bitcoin (BTCUSD)-40.0%42.5%-1.0833.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with Q
Q10.9%57.7%1.67-
Sector ETF (XLK)22.9%25.3%0.8067.6%
Equity (SPY)13.5%17.1%0.6267.1%
Gold (GLD)17.1%18.3%0.7631.7%
Commodities (DBC)7.5%19.4%0.29-11.5%
Real Estate (VNQ)1.9%18.9%0.0023.5%
Bitcoin (BTCUSD)11.0%54.2%0.4033.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with Q
Q5.3%57.7%1.67-
Sector ETF (XLK)25.4%24.7%0.9367.6%
Equity (SPY)15.3%18.0%0.7367.1%
Gold (GLD)12.3%16.1%0.6331.7%
Commodities (DBC)5.9%18.0%0.26-11.5%
Real Estate (VNQ)5.3%20.7%0.2223.5%
Bitcoin (BTCUSD)60.0%66.8%1.0033.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity4.1 Mil
Short Interest: % Change Since 5152026-2.8%
Average Daily Volume1.7 Mil
Days-to-Cover Short Interest2.4 days
Basic Shares Quantity209.7 Mil
Short % of Basic Shares2.0%

Earnings Returns History

Updated 6/15/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/12/20269.9%-2.7%-8.8%
1/16/20264.4%3.2%20.2%
11/6/2025-1.1%-8.0%-8.8%
SUMMARY STATS   
# Positive211
# Negative122
Median Positive7.2%3.2%20.2%
Median Negative-1.1%-5.4%-8.8%
Max Positive9.9%3.2%20.2%
Max Negative-1.1%-8.0%-8.8%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/12/20269.9%-2.7%-8.8%
1/16/20264.4%3.2%20.2%
11/6/2025-1.1%-8.0%-8.8%
SUMMARY STATS   
# Positive211
# Negative122
Median Positive7.2%3.2%20.2%
Median Negative-1.1%-5.4%-8.8%
Max Positive9.9%3.2%20.2%
Max Negative-1.1%-8.0%-8.8%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/12/202610-Q
12/31/202502/26/202610-K
09/30/202511/18/202510-Q
06/30/202509/24/202510-12B/A
03/31/202506/18/202510-12B/A
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Report DateFiling DateFiling
03/31/202605/12/202610-Q
12/31/202502/26/202610-K
09/30/202511/18/202510-Q
06/30/202509/24/202510-12B/A
03/31/202506/18/202510-12B/A

Recent Forward Guidance

Updated 5/31/2026

Latest: Q1 2026 Earnings Reported 5/12/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue5.22 Bil5.30 Bil5.38 Bil12.8% Higher NewActual: 4.70 Bil for 2025
2026 Adjusted Operating EBITDA1.53 Bil1.58 Bil1.62 Bil12.9% Higher NewActual: 1.40 Bil for 2025
2026 Adjusted EPS3.83.974.14   
2026 Adjusted Free Cash Flow500.00 Mil550.00 Mil600.00 Mil   

Prior: Q4 2025 Earnings Reported 1/16/2026

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Insider Activity

Updated 6/15/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Sterin, Steven DirectSell6082026148.3540059,3401,809,137Form
2Sterin, Steven DirectSell5262026161.9751182,7642,039,967Form
3Noonan, Anne P DirectSell218202676.307534247,903Form
4Green, Byron DirectBuy128202679.121,00079,120129,519Form
5Goss, Michael GVP & ControllerDirectSell1212202584.791,895160,6771,128,147Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Sterin, Steven DirectSell6082026148.3540059,3401,809,137Form
2Sterin, Steven DirectSell5262026161.9751182,7642,039,967Form
3Noonan, Anne P DirectSell218202676.307534247,903Form
4Green, Byron DirectBuy128202679.121,00079,120129,519Form
5Goss, Michael GVP & ControllerDirectSell1212202584.791,895160,6771,128,147Form
6Kemp, Jon DChief Executive OfficerDirectSell1212202585.015,655480,7327,580,918Form
7Kang, Sang HOPresident, SemiconductorDirectSell1209202574.502,500186,2501,165,670Form
8Noonan, Anne P DirectBuy1121202577.303,240250,452250,452Form
Core Cache Last Updated: 6/19/2026