Founder, CEO, GSBR Research

Garvit Bhandari

Founder, CEO

Leading Provider of Equity and Investment Research

GSBR Research

We are an independent equity research provider focused on covering global markets. The aim of the research is to provide an unbiased view of the fundamentals of the company.

Event-Driven

<ul>
<li>On November 1, 2025, DuPont (NYSE: DD) completed the separation of its Electronics business as Qnity Electronics, Inc. (NYSE: Q), into a separate public company.</li>
<li>Regular-Way trading commenced on November 3, 2025.DD gained 2.97%, while Q lost -1.02% on the first day of regular way trading.</li>
<li>On an overall basis, DD (consolidated) gained 5.91% since the spin-off announcement on May 22, 2024, underperforming S&amp;P 500 which gained 29.1% during the same period.</li>
</ul>


On November 1, 2025, DuPont (NYSE: DD) completed the separation of its Electronics business as Qnity Electronics, Inc. (NYSE: Q), into a separate public company.
Regular-Way trading commenced on November 3, 2025.DD gained 2.97%, while Q lost -1.02% on the first day of regular way trading.
On an overall basis, DD (consolidated) gained 5.91% since the spin-off announcement on May 22, 2024, underperforming S&amp;P 500 which gained 29.1% during the same period.


DuPont Completes the Spin-Off of Qnity Electronics Inc.; Regular Way Trading Commences

Founder at Stock Spin-off Investing, Stock Spin-Off Investing

Richard Howe

Founder at Stock Spin-off Investing

Stock Spin-Off Investing

Generate attractive returns by taking advantage of inefficiencies in the stock spin-off market.

Stock Spin-offs

<ul><li><p>Dupont (DD) spin off its electronics business, Qnity (Q), early this week.</p></li><li><p>DQnity will be one of the world’s largest pure-play electronic materials companies, with a portfolio spanning semiconductor fabrication materials and advanced electronics/interconnect solutions.</p></li><li>Qnity’s Semiconductor Technologies division creates consumable products that are used during semiconductor manufacturing.</li></ul>

Dupont (DD) spin off its electronics business, Qnity (Q), early this week.DQnity will be one of the world’s largest pure-play electronic materials companies, with a portfolio spanning semiconductor fabrication materials and advanced electronics/interconnect solutions.Qnity’s Semiconductor Technologies division creates consumable products that are used during semiconductor manufacturing.

Weekly Update (Q, IAC, ANGI, LION, SNREY)

<ul>
<li>DuPont will separate its Electronics unit as Qnity Electronics Inc. on Nov 1, 2025, creating two focused platforms - a high-growth semiconductor materials business and a steadier diverfied industrial company</li>
<li>Qnity launches with ~$4.3B sales, ~29% margins, strong semiconductor exposure but higher leverage and cyclicality</li>
<li>We value Qnity at $106/share (17.2× FY26E EBITDA) and DuPont (ex-Qnity) at $47.5/share (13.0× FY26E EBITDA).</li>
</ul>


DuPont will separate its Electronics unit as Qnity Electronics Inc. on Nov 1, 2025, creating two focused platforms - a high-growth semiconductor materials business and a steadier diverfied industrial company
Qnity launches with ~$4.3B sales, ~29% margins, strong semiconductor exposure but higher leverage and cyclicality
We value Qnity at $106/share (17.2× FY26E EBITDA) and DuPont (ex-Qnity) at $47.5/share (13.0× FY26E EBITDA).


DuPont De Nemours, Inc. (NYSE: DD) To Separate Its Electronics Business on Nov 1

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>DuPont de Nemours has officially approved the spin-off of its electronics business into a new publicly traded entity, Qnity Electronics.</li><li>This strategic separation, effective November 1, 2025, marks a major milestone in DuPont’s multi-year transformation focused on streamlining its portfolio around core industrial and specialty materials.</li><li>The move comes as Qnity positions itself as a pure-play technology solutions provider in the semiconductor and electronics value chain, targeting booming AI and advanced computing markets.</li></ul>

DuPont de Nemours has officially approved the spin-off of its electronics business into a new publicly traded entity, Qnity Electronics.This strategic separation, effective November 1, 2025, marks a major milestone in DuPont’s multi-year transformation focused on streamlining its portfolio around core industrial and specialty materials.The move comes as Qnity positions itself as a pure-play technology solutions provider in the semiconductor and electronics value chain, targeting booming AI and advanced computing markets.

DuPont Spins Off Qnity Electronics In $4 Billion Shake-Up — What Investors Must Know!

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>After downgrading our outlook to neutral in our 3/3/26 Compass, we further downgraded our outlook to bearish last week (3/31/26 Compass)...</li>
<li>...with the S&amp;P 500 (SPX) violating major support at 6480-6520, Nasdaq futures (NQ) violating 24,000 support, and the Russell 2000 (IWM) breaking down below crucial $245 support.</li>
<li>Quick reclaims are technically bullish, but we discussed last week how we'd be sellers on rallies to 6480-6520 and the 200-day MA on SPX(currently 6648), and that remains our playbook.</li>
</ul>


After downgrading our outlook to neutral in our 3/3/26 Compass, we further downgraded our outlook to bearish last week (3/31/26 Compass)...
...with the S&amp;P 500 (SPX) violating major support at 6480-6520, Nasdaq futures (NQ) violating 24,000 support, and the Russell 2000 (IWM) breaking down below crucial $245 support.
Quick reclaims are technically bullish, but we discussed last week how we'd be sellers on rallies to 6480-6520 and the 200-day MA on SPX(currently 6648), and that remains our playbook.


Concerns Persist; SPX Testing Resistance at 21-Day EMA and Near 200-Day MA; Bearish Outlook Intact

United States

DuPont de Nemours, Inc. operates as a chemical company. The Company offers elastomeric photopolymer printing plates, structural and elastic adhesives, fluids, reinforcing composites, foams, coatings, rubber and elastomers, topical ingredients, food ingredients, animal nutrition, biomaterials, water purification technologies, and fibers.

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DuPont (DD US)

DuPont Completes the Spin-Off of Qnity Electronics Inc.; Regular Way Trading Commences

DuPont (DD) shares have jumped 21% since the regular way trading began on November 3, 2025. We had a bullish view on DD compared to its spin-off...

GSBR Research

Weekly Update (Q, IAC, ANGI, LION, SNREY)

Dupont (DD) spin off its electronics business, Qnity (Q), early this week. DQnity will be one of the world’s largest pure-play electronic materials...

Richard Howe

DuPont De Nemours, Inc. (NYSE: DD) To Separate Its Electronics Business on Nov 1

DuPont to spin-off Electronics unit into Qnity Electronics Inc. on Nov 1, 2025, creating two focused platforms - high-growth semiconductor...

GSBR Research

DuPont Spins Off Qnity Electronics In $4 Billion Shake-Up — What Investors Must Know!

DuPont de Nemours has officially approved the spin-off of its electronics business into a new publicly traded entity, Qnity Electronics. This...

Baptista Research

Concerns Persist; SPX Testing Resistance at 21-Day EMA and Near 200-Day MA; Bearish Outlook Intact

Concerns Persist; $SPX Testing Resistance at 21-day EMA and Near 200-day MA; Bearish Outlook Intact. Actionable ideas within Staples $XLP and...

Vermilion Research

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52-week Range

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DuPont Completes the Spin-Off of Qnity Electronics Inc.; Regular Way Trading Commences

DuPont (DD) shares have jumped 21% since the regular way trading began on November 3, 2025. We had a bullish view on DD compared to its spin-off...

GSBR Research

Weekly Update (Q, IAC, ANGI, LION, SNREY)

Dupont (DD) spin off its electronics business, Qnity (Q), early this week. DQnity will be one of the world’s largest pure-play electronic materials...

Richard Howe

DuPont De Nemours, Inc. (NYSE: DD) To Separate Its Electronics Business on Nov 1

​DuPont to spin-off Electronics unit into Qnity Electronics Inc. on Nov 1, 2025, creating two focused platforms - high-growth semiconductor...

GSBR Research

DuPont Spins Off Qnity Electronics In $4 Billion Shake-Up — What Investors Must Know!

DuPont de Nemours has officially approved the spin-off of its electronics business into a new publicly traded entity, Qnity Electronics. This...

Baptista Research

Concerns Persist; SPX Testing Resistance at 21-Day EMA and Near 200-Day MA; Bearish Outlook Intact

Concerns Persist; $SPX Testing Resistance at 21-day EMA and Near 200-day MA; Bearish Outlook Intact. Actionable ideas within Staples $XLP and...

Vermilion Research

DuPont to spin-off Electronics unit into Qnity Electronics Inc. on Nov 1, 2025, creating two focused platforms - high-growth semiconductor...