Qnity Electronics CFO Resigns Due to Health Reasons
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2026
0mins
Should l Buy Q?
Qnity Electronics announced that Matt Harbaugh has stepped down from his role as CFO due to health reasons. Mike Goss, the company's current Principal Accounting Officer and Controller, has been appointed to serve as Interim CFO, effective immediately. The company will conduct a comprehensive search for the position.
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Analyst Views on Q
Wall Street analysts forecast Q stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for Q is 105.89 USD with a low forecast of 92.00 USD and a high forecast of 117.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
9 Buy
0 Hold
0 Sell
Strong Buy
Current: 92.770
Low
92.00
Averages
105.89
High
117.00
Current: 92.770
Low
92.00
Averages
105.89
High
117.00
About Q
Qnity Electronics, Inc. is engaged in providing materials and solutions for semiconductor and electronics industries. The Company has two business segments, namely Semiconductor Technologies and Interconnect Solutions. The Semiconductor Technologies segment provides a portfolio of materials and solutions utilized across multiple stages of the semiconductor manufacturing process. These materials are integrated into customers’ roadmaps and are intended to support improvements in chip performance, production yield, and the implementation of advanced node technologies. The Interconnect Solutions segment offers a comprehensive range of material solutions that address the complexities of signal integrity, thermal and power management, and advanced packaging. These solutions are used in advanced electronics hardware applications, including complex printed circuit boards and advanced semiconductor packaging.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Comprehensive Search: The company will conduct a thorough search for a permanent CFO to ensure continuity and stability in financial management, reflecting its commitment to careful executive selection.
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- Market Reactions: Such strategic moves can lead to positive market perceptions and increased investor confidence.
- Long-term Benefits: Ultimately, these decisions can position companies for sustained success and competitive advantage.
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- Financial Guidance Confirmation: Qnity confirms its 2025 net sales projection of approximately $4.7 billion, slightly below the consensus of $4.72 billion, while expecting adjusted operating EBITDA of around $1.4 billion, reflecting the company's confidence in its future performance.
- Technical Analysis Signals: Qnity's 20-day simple moving average is above the 50-day moving average, indicating a positive trend for the stock, although the relative strength index (RSI) at 64.10 is nearing overbought territory, suggesting caution for investors.
- Price Action Dynamics: During premarket trading on Friday, Qnity's shares rose 0.73% to $93.80, despite a 4% decline over the past 12 months; however, recent technical indicators suggest potential upward momentum, prompting investors to monitor price action for trend changes.
See More
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- Executive Change: Qnity Electronics' CFO Matt Harbaugh has resigned due to health reasons, effective immediately, with current principal accounting officer Mike Goss appointed as interim CFO, highlighting challenges in executive stability.
- Financial Guidance Reaffirmed: Qnity Electronics reaffirmed its 2025 net sales guidance of approximately $4.7 billion and adjusted pro forma operating EBITDA of about $1.4 billion, indicating confidence in future performance despite executive changes.
- Comprehensive Search: The company will conduct a thorough search for a permanent CFO to ensure continuity and stability in financial management, reflecting its commitment to careful executive selection.
- Market Reaction: While the executive change may raise market concerns, the reaffirmed financial guidance could help stabilize investor confidence and ensure shareholder expectations for future growth.
See More
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