Qnity Electronics stock fell 3.54 percent to USD 115.37 on October 16

Qnity Electronics stock fell 3.54 percent on the NYSE on October 16, 2026, extending the focus beyond the daily move to valuation and the yearly range. The closing price was USD 115.37 at 4:00 p.m. EDT, down 3.54 percent from the October 15 prior close.

Revenue reached USD 1.43 billion

The company reported USD 1.43 billion in revenue for the second quarter ended June 30, 2026. Qnity also reported USD 124.00 million in net income attributable to common shareholders and diluted earnings per share of USD 0.59 for that period, while operating margin was 19.00 percent, according to Qnity Electronics.

Stock sits 34.93 percent below its high

The October 16 close was USD 61.91, or 34.93 percent, below the 52-week high of USD 177.28. It remained USD 44.87 above the 52-week low of USD 70.50. Trading volume reached 1.8 million shares, compared with a 1.7 million-share average, while the stock was up 41.30 percent year to date.

Valuation and November earnings date

Qnity had a market capitalization of USD 24.1 billion, a trailing P/E ratio of 41.31 and a dividend yield of 0.28 percent on October 16. Barron's listed an average analyst target of USD 179.10 from 11 ratings, which was 55.24 percent above the closing price on that date, according to Barron's. The next reporting event is Qnity's third-quarter 2026 earnings call on November 4, 2026, at 8:00 a.m. EDT, as listed by Qnity Electronics.

Comparison with peers

Qnity Electronics: minus 3.54 percent, P/E 41.31, market capitalization USD 24.1 billion

Advanced Micro Devices (Nasdaq, USD): minus 5.95 percent, P/E 135.58, market capitalization USD 863.2 billion

Applied Materials (Nasdaq, USD): minus 4.82 percent, P/E 35.28, market capitalization USD 324.8 billion

What the price move shows

Qnity's decline was smaller than the drops recorded by Advanced Micro Devices and Applied Materials on October 16, but its valuation remained higher than Applied Materials' and far below Advanced Micro Devices' multiple. The combination of a 41.30 percent year-to-date gain and a 34.93 percent gap to the yearly high leaves the October close between a strong annual advance and a sizeable retreat from the peak.

Closing level and calendar

Qnity Electronics ended the October 16 NYSE session at USD 115.37, down 3.54 percent from the prior close, with the next earnings call scheduled for November 4, 2026.

Market context: Market report S&P 500.

More news and analyses on Qnity Electronics stock