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Entegris (ENTG)
NASDAQ:ENTG
Earnings Data
Report Date
Apr 28, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.75Last Year’s EPS
0.67Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call showed a number of clear operational and financial positives: Q4 results beat guidance across revenue, margins, EBITDA and EPS; strong free cash flow improvement; active debt reduction; completed a multiyear CapEx investment cycle with planned lower 2026 CapEx; and constructive 2026 market drivers from node transitions and growing fab construction. Offsetting risks include a 7% decline in CapEx-driven revenue in 2025 (impacting FOUP and Fluid Handling), segment margin pressure from ramp costs and mix, continued uncertainty on NAND wafer-start expansion and mainstream logic recovery, and leverage that remains above target (3.8x). On balance the highlights (execution, cash flow, guidance, manufacturing ramps, and market tailwinds) outweigh the lowlights, but management notes that some upside is dependent on timing of fab construction and node transitions.Company Guidance
Q4 Financial Outperformance vs Guidance
Q4 sales of $824 million (down 3% YoY, up 2% sequentially) came in at the high end of guidance. GAAP gross margin ~43.84% and non-GAAP gross margin were at the high end of guidance. Adjusted EBITDA margin was 27.7% of revenue (above guidance). Non-GAAP EPS of $0.70 in Q4 beat guidance (GAAP EPS $0.32).
Full-Year Revenue and Unit Mix
Full-year total revenue ~flat vs. 2024 excluding divestitures. Unit-driven revenue grew ~2% in 2025 (in line with wafer starts), led by CMP consumables, liquid filtration, and selective etch; about 75% of revenue is unit-driven and 25% tied to CapEx.
Free Cash Flow and Cash Generation
Full-year free cash flow of $404 million, representing a free cash flow margin of 12.7% (nearly +300 basis points YoY). Improved working capital discipline and lower inventory growth drove the improvement.
Debt Reduction and Capital Structure Progress
Paid down $300 million of term loan in 2025 (including $150 million in Q4). Quarter-end gross debt ~$3.7 billion and net debt ~$3.4 billion; net leverage ended 2025 at 3.8x with a target to exit 2026 below 3.5x.
Operational Investments and Manufacturing Ramps
Multiyear manufacturing CapEx cycle completed; Taiwan facility continues to ramp, Colorado facility expected to substantially complete customer qualifications in 2026, exited Chester facility in Q4 and plan to rationalize at least one more facility in 2026. Management expects 2026 CapEx to decline to $250 million from $299 million in 2025.
Product & Segment Wins and Records
Liquid filtration delivered another record quarter. Materials Solutions sales were $362 million in Q4 (flat YoY, +4% sequential; adjusted operating margin 20.9%). Advanced Purity Solutions had solid liquid filtration and gas purification sequential growth.
Positive Market & Technology Tailwinds for 2026
Management expects a more constructive industry backdrop in 2026: middish single-digit MSI wafer-start growth, node transitions (two-nanometer logic ramp, NAND moving ~250 -> ~300 layers), DRAM/HBM rollouts and anticipated growth in fab construction spending—factors that should drive higher content per wafer and benefit Entegris.
China Local-for-Local Progress
Increased local manufacturing for China: ~85% of Q1 China revenue expected to be supplied by Asia facilities (rising through 2026), improving ability to guarantee supply and compete on yield/performance.
ENTG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ENTG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 10, 2026 | $122.39 | $133.44 | +9.03% |
Oct 30, 2025 | $94.46 | $87.43 | -7.45% |
Jul 30, 2025 | $92.57 | $79.19 | -14.46% |
May 07, 2025 | $82.78 | $78.16 | -5.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Entegris (ENTG) report earnings?
Entegris (ENTG) is schdueled to report earning on Apr 28, 2026, Before Open (Confirmed).
What is Entegris (ENTG) earnings time?
Entegris (ENTG) earnings time is at Apr 28, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ENTG EPS forecast?
ENTG EPS forecast for the fiscal quarter 2026 (Q1) is 0.75.