| Q |
Report |
Q2 2026 Adjusted EPS |
BEAT |
pred ~$1.11-1.13 vs. cons $1.07 |
MEDIUM |
| Q |
Report |
Q2 2026 Net Sales |
BEAT |
pred ~$1.37-1.38B vs. cons ~$1.355B |
MEDIUM |
| Q |
Report |
Q2 2026 ICS Segment Adj. EBITDA Margin |
MISS |
pred ~25.5-26.5% vs. cons ~27.5% (mid-to-high-20s guide framework) |
LOW |
| Q |
Guide |
FY2026 Net Sales guidance |
BETTER |
guide reaffirmed ~$5.225B-$5.375B (mid ~$5.30B) vs. cons ~$5.15B (FY2026) |
MEDIUM |
| Q |
Guide |
FY2026 Adjusted EPS guidance |
BETTER |
guide reaffirmed ~$3.80-$4.14 (mid ~$3.97) vs. cons ~$3.85 (FY2026) |
MEDIUM |
| Q |
Guide |
Q3 2026 sequential Net Sales framework |
UNCHANGED |
guide ~$1.43-1.46B (continued high-single-digit ICS/seasonal build) vs. cons ~$1.42B (Q3 2026) |
LOW |
| Q |
Guide |
H2 raw material/logistics inflation offset ($20M) & ICS mix/hiring drag commentary |
UNKNOWN |
guide ~$20M cost headwind largely offset via pricing 'with timing variability' vs. cons assuming ~$0 incremental drag (H2 2026) |
LOW |
| Q |
Return |
Day-1 residual (stock − beta × S&P 500) |
+2.3% |
— |
MEDIUM |
| Q |
Return |
5-day cumulative residual |
-0.9% (FADE) |
A likely EPS/revenue beat in line with Qnity's established beat-and-raise pattern should drive an initial positive pop, but the out-period math argues for fade: management is expected to reaffirm (not re-raise) FY26 guidance just one quarter after already raising it, ICS margin likely comes in soft on consumer-electronics mix/hiring drag exactly as flagged, and the $20M H2 raw-material/logistics headwind with 'timing variability' on pricing offsets creates implicit downside risk to H2 EBITDA estimates. Combined with a still-stretched ~38x forward P/E and a broader memory/semiconductor sector selloff (CXMT competition, circular AI-financing worries) that remains an overhang independent of Qnity's own results, sell-side is likely to trim H2 numbers modestly even after a headline beat, capping follow-through and pulling the stock back toward pre-print levels over the week. |
LOW |