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Story summary
- Qnity Electronics reported Q1 revenue of $1.32 billion and EPS of $1.08, beating LSEG forecasts of $1.27 billion and $0.92 per share.
- Management lifted 2026 outlook to $5.225-$5.375 billion sales, $1.535-$1.625 billion EBITDA, $3.80-$4.14 EPS and $500-$600 million cash flow.
- CEO Jon Kemp said chip makers are shifting to three-dimensional stacking, raising demand for Qnity’s materials.
- Analysts lifted the price target to $180 from $140 as shares climbed toward a high and have doubled year-to-date.
