Q

LONGSHORTINSIDER SELL

QNITY ELECTRONICS INC

Buyers

4.00

Sellers

3.00

vs SPY

+18.9%

Stock return (since Q-end)

+35.2%

SPY return (since Q-end)

+16.3%

Current price

$156.00

News Summary

Positive

Qnity delivered a strong Q1 2026 beat with EPS of $1.08 vs. $0.94 consensus and 18% YoY revenue growth, driving full-year guidance raises across revenue, EBITDA, and EPS metrics. Strategic wins with NVIDIA and Apple, combined with eight consecutive quarters of profitable growth and analyst upgrades, reflect solid execution, though elevated 2.2x net leverage and rich valuation multiples amid geopolitical headwinds present execution risks.

Red flags

•2.2x net debt leverage with $4.023B total debt limits financial flexibility
•Geopolitical inflation headwinds estimated at ~$20M for remainder of 2026
•Stock up 87.8% YoY creating valuation risk if growth decelerates
•Inexperienced board as recently spun-off company increases execution risk
•Guidance assumes sustained AI infrastructure spending — vulnerability to demand slowdown

Funds Buying (3)

Fund	Manager	Shares Held	∆ Shares	Position Value	QoQ	Status
Durable Capital Partners	Henry Ellenbogen	5.1M	+2.3M	$587.1B	+82%	Existing
Point72	Steve Cohen	541K	+541K	$62.4B	—	NEW
Duquesne Family Office	Stanley Druckenmiller	126K	+126K	$14M	—	NEW

Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter.

Funds Reducing / Exiting (3)

Fund	Manager	∆ Shares	Position Value	QoQ	Status
Glenview Capital	Larry Robbins	—	—	-100%	EXITED
D1 Capital	Dan Sundheim	—	—	-100%	EXITED
Soros Fund Management	Soros Family Office	—	—	-100%	EXITED

Shares Held reflects quarter-end positions for partial reductions. Funds that fully exited show 0 shares held. ∆ Shares is the change from the prior quarter.

Insider Activity

Name	Title	Type	Shares	Price	Value	Filed
Sterin Steven	—	SELL	511	$161.97	$0.08M	2026-05-26