Who are Qnity Electronics' biggest customers?

Samsung Electronics accounts for 11% of Qnity Electronics' revenue (FY2025 10-K). Other disclosed customers: Taiwan Semiconductor Manufacturing 8.0%.

QQnity Electronics

Technology

$109.80

$73.4052 weeks$175.64

Is the business good?

Mixed

The checks split: 5 of 9 health tests passed and returns not propped up by debt.

2 neutral, 2 without data

Fundamental health (F-score)5 / 9SEC EDGAR · Dec 31, 2025

Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.

Where ROE comes from5% ROAderived

A balanced mix of margins, efficiency, and leverage. ROE 9% = margin × turnover × leverage.

Against the whole market›

Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.

FCF conversionmiddle of the market

Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.

How good a business is Q?

Qnity Electronics keeps 12% of every revenue dollar as profit after everything, against 11% for the median Semiconductor Equipment & Materials name.

12%

Net margin · Semiconductor Equipment & Materials median 11% · 12 months to Q2 2026

Share count, year on year: +0.38%
Share count, year on year · flat: no meaningful dilution
R&D as % of revenue: 7.2%
R&D as % of revenue
Gross margin: 46%
Gross margin

Details›

Gross margin12 months to Q2 2026: 46%
Net margin12 months to Q2 2026: 12%
Free cash flow margin: 16%
R&D as % of revenue: 7.2%
Revenue, trailing twelve months: $5.21B
Free cash flow, trailing twelve months: $825M
Net income, trailing twelve months: $630M

Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.

Customers and suppliers

Who buys from Q and who it buys from, as the companies report it.

11%of revenue comes from Samsung Electronics, the largest of 2 disclosed customers

Customerswho buys

Samsung Electronics
11%
Share of revenue · FY2025 10-K
TSMTaiwan Semiconductor Manufacturing Company Limited
8.0%
Share of revenue · FY2025 10-K
Top ten customers
34%
Combined share of revenue · FY2025 10-K

Supplierswho it buys from

None disclosed.

A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; Q’s own figures are from its FY2025 10-K. Smaller customers and suppliers go unreported.

Semiconductor Equipment & Materials

The closest names by size in the same industry

IPG Photonics Corporation