Entegris Inc (ENTG)
NASDAQ:ENTG
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Entegris
(NASDAQ:ENTG)
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Rating:67Neutral
Price Target:
$194.00
▲(32.82% Upside)
Action:Reiterated
Date:06/19/26
The score is driven primarily by solid financial performance (notably strong recent free cash flow and improved margins) and strong technical trend/momentum. These positives are tempered by very expensive valuation (high P/E with a low yield) and ongoing leverage/near-term headwinds discussed on the earnings call (facility dilution and China softness).
Positive Factors
Robust free cash flow
Entegris converts earnings into cash at a healthy clip (operating cash flow > net income and TTM FCF ~ $721M). Durable cash generation supports steady capital allocation: fund capex, dividends, and debt reduction, improving resilience across semiconductor cycles over months.
Negative Factors
Elevated leverage
Material net leverage (net debt ~$3.3B, 3.6x) constrains financial flexibility and raises interest exposure amid rising rates. High leverage limits optionality for M&A or aggressive capex, increases covenant and refinancing risk, and makes deleveraging execution a key multiquarter priority.
Read all positive and negative factors
Positive Factors
Negative Factors
Robust free cash flow
Entegris converts earnings into cash at a healthy clip (operating cash flow > net income and TTM FCF ~ $721M). Durable cash generation supports steady capital allocation: fund capex, dividends, and debt reduction, improving resilience across semiconductor cycles over months.
Read all positive factors
Entegris (ENTG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$27.26B
Dividend Yield0.47%
Average Volume (3M)3.20M
Price to Earnings (P/E)102.9
Beta (1Y)2.15
Revenue Growth-0.25%
EPS Growth-15.17%
CountryUS
Employees8,200
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)1.74
Shares Outstanding152,500,000
10 Day Avg. Volume3,773,959
30 Day Avg. Volume3,196,696
Financial Highlights & Ratios
PEG Ratio-2.70
Price to Book (P/B)3.23
Price to Sales (P/S)4.00
P/FCF Ratio32.26
Enterprise Value/Market Cap1.00
Enterprise Value/Revenue8.43
Enterprise Value/Gross Profit19.51
Enterprise Value/Ebitda32.25
Forecast
1Y Price Target
$161.63Price Target Upside10.66% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
EPS Forecast (FY)3.63
Revenue Forecast (FY)$3.46B
Entegris Business Overview & Revenue Model
Company Description
Entegris, Inc. is a global enterprise that develops, manufactures, and supplies critical solutions for microcontamination control, specialty chemicals, and advanced material handling. The company operates extensively across North America, Taiwan, ...
How the Company Makes Money
Entegris makes money primarily by selling consumable and engineered products used in semiconductor manufacturing, generating revenue from recurring demand tied to customers’ ongoing wafer-fab operations and periodic capital and technology upgrades...
Entegris Earnings Call Summary
Earnings Call Date:Apr 30, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
Earnings Call Sentiment Positive
The call presents a broadly positive operational and financial picture: revenue growth (+5% YoY), strong margin expansion (46.9% reported), robust free cash flow ($144M, 18% of sales), above-guidance profitability metrics and an improved industry outlook (mid- to high-single-digit MSI and stronger fab construction). Offsets include modest CapEx-driven revenue declines tied to prior year order pull‑ins, near-term dilution from new facilities (KSP/Colorado), China softness in Q1, a one-time accounting benefit to margins, and exposure to raw material cost pressure. Management provided constructive forward guidance and a clear deleveraging plan (target ~3.0x net leverage by year-end), supporting confidence in execution despite manageable near-term headwinds.Positive Updates
Revenue Growth Above Guidance
Q1 sales of $812 million, up 5% year-over-year and slightly above the midpoint of guidance.
Negative Updates
CapEx-Driven Revenue Weakness and Prior-Year Pull-Ins
CapEx-driven revenue decreased modestly YoY in Q1, largely attributed to accelerating order patterns in the prior-year quarter driven by tariff responses (headwind to current YoY comps).
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth Above Guidance
Q1 sales of $812 million, up 5% year-over-year and slightly above the midpoint of guidance.
Read all positive updates
Company Guidance
Entegris guided Q2 sales of $815–$845 million (≈+5% YoY at the midpoint), gross margin 46.25%–47.25% (GAAP and non‑GAAP), GAAP operating expense ≈$241 million and non‑GAAP Opex ≈$194 million, EBITDA margin ~27.5% at the midpoint, net interest ≈$46 million, non‑GAAP tax rate ~15%, GAAP EPS $0.53–$0.61 and non‑GAAP EPS $0.76–$0.84, and depreciation roughly $35 million for the quarter; management expects Q3 revenue to rise ~5% sequentially from Q2 midpoint. For the full year they model net interest slightly below $190 million, a non‑GAAP tax rate of ~15%, diluted shares ≈154 million, CapEx of $250 million and depreciation ≈$140 million, and reaffirm plans to drive strong free cash flow and reduce net leverage from ~3.6x (net debt $3.3B) to about 3x by year‑end.Entegris Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
58
Neutral
Cash Flow
73
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.24B | 3.20B | 3.24B | 3.52B | 3.28B | 2.30B |
| Gross Profit | 1.40B | 1.42B | 1.49B | 1.50B | 1.40B | 1.06B |
| EBITDA | 845.80M | 844.10M | 915.51M | 872.21M | 739.07M | 658.48M |
| Net Income | 264.50M | 235.60M | 292.79M | 180.67M | 208.92M | 409.13M |
Balance Sheet | ||||||
| Total Assets | 8.48B | 8.35B | 8.39B | 8.81B | 10.14B | 3.19B |
| Cash, Cash Equivalents and Short-Term Investments | 442.70M | 360.40M | 329.21M | 456.93M | 563.44M | 402.56M |
| Total Debt | 3.76B | 3.89B | 4.07B | 4.66B | 5.87B | 1.01B |
| Total Liabilities | 4.43B | 4.40B | 4.70B | 5.40B | 6.92B | 1.48B |
| Stockholders Equity | 4.05B | 3.95B | 3.69B | 3.41B | 3.22B | 1.71B |
Cash Flow | ||||||
| Free Cash Flow | 679.80M | 396.20M | 316.12M | 187.63M | -103.06M | 189.83M |
| Operating Cash Flow | 738.00M | 695.40M | 631.72M | 644.48M | 363.13M | 400.45M |
| Investing Cash Flow | -230.90M | -300.80M | -67.08M | 553.07M | -4.95B | -298.12M |
| Financing Cash Flow | -406.10M | -366.90M | -688.99M | -1.30B | 4.76B | -276.50M |
Entegris Technical Analysis
Positive
146.06
Price Trends
142.57
Positive
132.28
Positive
111.25
Positive
Market Momentum
6.13
Negative
68.21
Neutral
78.35
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ENTG, the sentiment is Positive. The current price of 146.06 is above the 20-day moving average (MA) of 142.61, above the 50-day MA of 142.57, and above the 200-day MA of 111.25, indicating a bullish trend. The MACD of 6.13 indicates Negative momentum. The RSI at 68.21 is Neutral, neither overbought nor oversold. The STOCH value of 78.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ENTG.
Entegris Risk Analysis
Entegris disclosed 30 risk factors in its most recent earnings report. Entegris reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Entegris Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $15.27B | 66.30 | 17.44% | ― | 19.12% | 10.38% | |
76 Outperform | $18.29B | 69.51 | 21.21% | ― | 21.32% | 19.06% | |
75 Outperform | $21.06B | 1,057.95 | 2.79% | ― | 17.45% | -61.07% | |
72 Outperform | $29.86B | 166.20 | 13.19% | ― | 27.05% | ― | |
67 Neutral | $27.26B | 102.94 | 6.74% | 0.47% | -0.25% | -15.17% | |
65 Neutral | $8.99B | 188.22 | 7.68% | ― | 10.70% | -62.92% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
ENTG
Entegris
178.77
103.08
136.19%
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NVMI
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RMBS
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81.17
135.28%
Entegris Corporate Events
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and ComplianceShareholder Meetings
Entegris Shareholders Adopt Simple Majority Governance Standards
Positive
May 8, 2026
At its May 6, 2026 annual meeting, Entegris shareholders approved a Second Amended and Restated Certificate of Incorporation that removes all supermajority voting thresholds in favor of a simple majority standard for key corporate decisions. The c...
Business Operations and StrategyPrivate Placements and Financing
Entegris Amends Credit Agreement, Adds New Revolving Facility
Positive
Apr 29, 2026
On April 29, 2026, Entegris and certain subsidiaries entered into a fourth amendment to their existing credit and guaranty agreement, establishing a new five-year senior secured revolving credit facility totaling $750 million that matures on April...
Dividends
Entegris Declares Quarterly Cash Dividend, Signals Ongoing Stability
Positive
Apr 15, 2026
On April 15, 2026, Entegris, Inc., a leading supplier of critical advanced materials and process solutions for the semiconductor and other high-technology industries, announced that its board of directors had declared a quarterly cash dividend of ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.