This low-profile stock in the semiconductor supply chain has doubled this year. Wall Street still loves it

Shares of Qnity Electronics have doubled this year, but Wall Street analysts are still finding lots of reasons to stay optimistic on the stock. Qnity Electronics, spun off from chemical giant DuPont de Nemours last November, is a low-profile but major player in the semiconductor supply chain. The company provides materials and products to major semiconductor manufacturers. Shares of Qnity Electronics jumped 10% Tuesday after first-quarter profit and revenue both beat analysts' estimates. In its last quarter, Qnity earned an adjusted $1.08 per share on $1.32 billion in revenue, while analysts polled by FactSet were expecting earnings of 92 cents per share and revenue of $1.27 billion. The company also hiked its full-year earnings and revenue guidance versus prior forecasts. Week to date, the stock is up nearly 13%. Shares started off the year at $81.65 each, and have since nearly doubled to close at $168.36 on Tuesday. Yet analysts on Wall Street stayed bullish following its latest financials. "We expect the stock to hold its gains following a strong quarter and increased guidance for 2026," wrote Goldman Sachs analyst James Schneider. Oppenheimer analyst Edward Yang applauded Qnity as the "hidden engine of AI as materials momentum accelerates." "We continue to believe that materials now set the limits in AI chip packaging, and Q is the optimal way to express this theme as the industry's only full-stack materials platform," Yang wrote, using Qnity's ticker symbol. …