Entegris (NASDAQ:ENTG) Announces Quarterly Earnings Results

Entegris (NASDAQ:ENTG) released its quarterly earnings data on Tuesday. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.11, FiscalAI reports. Entegris had a net margin of 8.18% and a return on equity of 11.45%. The company had revenue of $883.20 million during the quarter, compared to analyst estimates of $835.79 million. During the same quarter in the prior year, the business earned $0.66 earnings per share. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. Entegris updated its Q3 2026 guidance to 0.960-1.040 EPS.

Here are the key takeaways from Entegris’ conference call:

• Strong Q2 performance: Revenue rose 11% year over year to $883 million, while adjusted net income increased 42% to $143 million; all key metrics exceeded guidance. APS grew 17%, supported by record liquid-filtration sales, strong FOUP demand, and broad-based semiconductor capital-spending strength.
• Growth outlook accelerated: Entegris raised its 2026 semiconductor market growth assumption to 7%-8% and expects Q3 revenue to grow about 14% year over year at the midpoint, with Q4 revenue projected to rise approximately 4% sequentially. Management is tracking more than 20 major leading-edge capacity expansions and expects fab-construction spending to become a larger contributor in 2027.
• Profitability and balance sheet improved: Adjusted gross margin reached 47.6%, its highest level since early 2022, and is expected to expand to 47.5%-48.5% in Q3. Free cash flow was $120 million, enabling $200 million of debt repayment during the quarter and an expected year-end net leverage ratio below 3x.
• Portfolio focus is tightening: The company is exiting its U.S. Life Sciences Fluid Management business and plans to close its Logan, Utah facility, actions intended to concentrate resources on semiconductor opportunities but involving business wind-downs and facility rationalization. Mainstream logic remains mixed and below trend growth, despite modest improvement.

Entegris Trading Up 15.5%

Shares of ENTG opened at $144.56 on Wednesday. Entegris has a one year low of $67.97 and a one year high of $186.94. The stock has a 50-day moving average price of $144.50 and a 200 day moving average price of $134.15. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.05 and a current ratio of 3.21. The company has a market capitalization of $22.05 billion, a P/E ratio of 83.56, a P/E/G ratio of 1.46 and a beta of 1.35.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Wednesday, July 29th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, July 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. Entegris’s dividend payout ratio is currently 23.12%.

Entegris News Summary

Here are the key news stories impacting Entegris this week:

• Positive Sentiment: Entegris reported adjusted earnings of $0.93 per share on revenue of $883.2 million, exceeding consensus estimates of $0.82 and $835.8 million, respectively. Revenue rose 11.5% year over year, while earnings increased from $0.66 per share in the prior-year quarter. Entegris Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Third-quarter guidance was stronger than expected: adjusted EPS of $0.96–$1.04 versus a $0.92 consensus estimate, and revenue of $905 million–$935 million versus an $875.9 million estimate. Entegris Earnings Results and Conference Call
• Positive Sentiment: Management cited AI-driven chip demand, advanced-node manufacturing activity and record liquid-filtration performance. Gross margin reached 47.6%, its highest level since early 2022, suggesting improved product mix and operating leverage. Entegris Jumps on Q2 Beat and Stronger Guidance
• Positive Sentiment: The company reduced debt by another $200 million during the quarter, and Freedom Capital upgraded Entegris to “strong buy,” adding to the favorable reaction. ENTG Q2 Deep Dive
• Neutral Sentiment: Entegris is refocusing its portfolio while benefiting from semiconductor industry recovery and AI investment. At roughly 83.6 times earnings, the stock’s valuation leaves less room for execution or guidance disappointments.
• Negative Sentiment: Recent insider-trading data shows multiple executives selling shares and no reported insider purchases over the past six months. While such sales may be routine, they could temper some investor enthusiasm.

Analysts Set New Price Targets

Several research analysts have commented on the company. Freedom Capital raised Entegris to a “strong-buy” rating in a research report on Monday. Oppenheimer reaffirmed an “outperform” rating and issued a $160.00 target price on shares of Entegris in a research report on Friday, May 1st. Mizuho increased their target price on Entegris from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. The Goldman Sachs Group reiterated a “sell” rating and set a $115.00 target price on shares of Entegris in a report on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Entegris from $145.00 to $155.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.22.

Insider Activity at Entegris

In other news, SVP Olivier Blachier sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $140.04, for a total transaction of $280,080.00. Following the completion of the sale, the senior vice president owned 34,897 shares of the company’s stock, valued at approximately $4,886,975.88. This trade represents a 5.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Clinton M. Haris sold 6,848 shares of Entegris stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $149.23, for a total transaction of $1,021,927.04. Following the completion of the sale, the senior vice president owned 54,961 shares of the company’s stock, valued at approximately $8,201,830.03. This trade represents a 11.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 44,466 shares of company stock worth $6,186,624 over the last ninety days. Company insiders own 0.53% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Aristeia Capital L.L.C. acquired a new stake in shares of Entegris in the 4th quarter valued at about $279,000. Hilltop Holdings Inc. bought a new position in shares of Entegris during the third quarter worth about $252,000. Sandler Capital Management acquired a new position in Entegris in the second quarter worth about $242,000. Diversify Advisory Services LLC acquired a new position in Entegris in the second quarter worth about $241,000. Finally, OpenArc Corporate Advisory LLC bought a new stake in Entegris in the fourth quarter valued at about $220,000.

About Entegris

Entegris, Inc is a leading provider of advanced materials and process control solutions for the semiconductor and other high-technology industries. The company develops and supplies a broad portfolio of products designed to ensure purity and reliability throughout the manufacturing process, helping customers address critical contamination and yield challenges.

Entegris’s product offerings include high-purity chemicals and specialty materials, liquid and gas filtration and purification systems, and sophisticated wafer and chip handling solutions.