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Entegris
(NASDAQ:ENTG)
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Rating:61Neutral
Price Target:
$132.00
▲(2.21% Upside)
Action:Reiterated
Date:08/04/26
ENTG scores as moderately attractive: solid financial performance led by strong cash generation and decent profitability is the primary support. This is partially offset by weak near-term technical momentum and a rich valuation (high P/E with low yield). The latest earnings call improves the picture with upbeat guidance, margin strength, and active deleveraging, but leverage and pockets of segment softness remain key risks.
Positive Factors
Cash generation strength
Operating cash flow has been robust in 2025 and on a TTM basis, with free cash flow close to net income. This durable cash conversion supports capex funding, capacity scaling and steady debt repayment, improving financial flexibility and enabling reinvestment over the next several quarters.
Negative Factors
Elevated leverage
Net leverage near 3.4x remains elevated for a specialty materials supplier and constrains strategic optionality. Management prioritizes further deleveraging before larger M&A, limiting near-term growth investments and leaving earnings and cash flow more sensitive to interest costs and cyclical revenue volatility.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation strength
Operating cash flow has been robust in 2025 and on a TTM basis, with free cash flow close to net income. This durable cash conversion supports capex funding, capacity scaling and steady debt repayment, improving financial flexibility and enabling reinvestment over the next several quarters.
Read all positive factors
Entegris (ENTG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$18.16B
Dividend Yield0.34%
Average Volume (3M)3.29M
Price to Earnings (P/E)68.4
Beta (1Y)2.10
Revenue Growth-0.25%
EPS Growth-15.17%
CountryUS
Employees7,700
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)2.00
Shares Outstanding152,500,000
10 Day Avg. Volume2,577,781
30 Day Avg. Volume3,289,687
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$166.13Price Target Upside28.63% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
EPS Forecast (FY)3.66
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:Aug 04, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Positive
The call conveyed a strong, constructive outlook driven by above‑guidance revenue and profit performance, record product results (notably liquid filtration and APS), upgraded market assumptions and rapid deleveraging. Management acknowledged isolated near‑term headwinds (MS slower in Q2, mainstream logic mix, accounting uplift) and is reinvesting to scale capacity and capture AI‑driven demand. On balance the positive operational momentum, cash generation and upgraded industry visibility outweigh the noted challenges.Positive Updates
Revenue Growth Above Guidance
Q2 sales of $883 million, up 11% year-over-year and above the company's guidance range; Q3 sales guidance $905M–$935M (midpoint ~14% YoY) and Q4 expected ~4% sequential increase from Q3 midpoint (mid‑teens YoY).
Negative Updates
Material Solutions (MS) Slower in Q2
MS delivered Q2 sales of $371 million, up only 5% year‑over‑year (below company MSI comps for the quarter); MS adjusted operating margin held at 20.9% (in line with prior year) and management is reinvesting to capture future growth.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Growth Above Guidance
Q2 sales of $883 million, up 11% year-over-year and above the company's guidance range; Q3 sales guidance $905M–$935M (midpoint ~14% YoY) and Q4 expected ~4% sequential increase from Q3 midpoint (mid‑teens YoY).
Read all positive updates
Company Guidance
Entegris provided detailed near‑term guidance and metrics: Q2 results were revenue $883M (+11% YoY), GAAP net income $94M, adjusted net income $143M (+42%), GAAP/non‑GAAP gross margin 47.6%, adjusted EBITDA $251M (28.4%), GAAP EPS $0.61 and non‑GAAP EPS $0.93, free cash flow $120M (14% of sales), unit‑driven revenue +10% and CapEx‑related revenue +15%, Material Solutions sales $371M (+5%, 20.9% adj. operating margin) and APS sales $515M (+17%, 30.3% adj. operating margin); Q3 guidance is $905–935M revenue (≈14% YoY at midpoint), gross margin 47.5–48.5%, GAAP Opex ≈$260M, non‑GAAP Opex ≈$215M, EBITDA margin ≈28.5%, net interest ≈$43M, non‑GAAP tax ≈15%, GAAP EPS $0.75–0.83 and non‑GAAP EPS $0.96–1.04, depreciation ≈$34M/quarter; management expects Q4 ≈4% above the Q3 midpoint (mid‑teens YoY), 2026 MSI growth of 7–8%, full‑year net interest ≈$180M, non‑GAAP tax ≈14%, diluted shares ≈154M, CapEx ≈$250M, and continued deleveraging after a $200M Q2 debt repayment (plus $25M in July) that cut net leverage to 3.4x with an expectation to finish the year below 3x (high‑2x range).Entegris Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
56
Neutral
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.33B | 3.20B | 3.24B | 3.52B | 3.28B | 2.30B |
| Gross Profit | 1.51B | 1.42B | 1.49B | 1.50B | 1.40B | 1.06B |
| EBITDA | 797.30M | 844.10M | 915.51M | 872.21M | 739.07M | 658.48M |
| Net Income | 305.50M | 235.60M | 292.79M | 180.67M | 208.92M | 409.13M |
Balance Sheet | ||||||
| Total Assets | 8.42B | 8.35B | 8.39B | 8.81B | 10.14B | 3.19B |
| Cash, Cash Equivalents and Short-Term Investments | 353.60M | 360.40M | 329.21M | 456.93M | 563.44M | 402.56M |
| Total Debt | 3.56B | 3.89B | 4.07B | 4.66B | 5.87B | 1.01B |
| Total Liabilities | 4.26B | 4.40B | 4.70B | 5.40B | 6.92B | 1.48B |
| Stockholders Equity | 4.16B | 3.95B | 3.69B | 3.41B | 3.22B | 1.71B |
Cash Flow | ||||||
| Free Cash Flow | 575.20M | 396.20M | 316.12M | 187.63M | -103.06M | 189.83M |
| Operating Cash Flow | 780.70M | 695.40M | 631.72M | 644.48M | 363.13M | 400.45M |
| Investing Cash Flow | -200.50M | -300.80M | -67.08M | 553.07M | -4.95B | -298.12M |
| Financing Cash Flow | -596.80M | -366.90M | -688.99M | -1.30B | 4.76B | -276.50M |
Entegris Technical Analysis
Positive
129.15
Price Trends
143.66
Negative
138.49
Positive
119.98
Positive
Market Momentum
-3.04
Negative
53.63
Neutral
92.52
Negative
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 129.15 is below the 20-day moving average (MA) of 132.72, below the 50-day MA of 143.66, and above the 200-day MA of 119.98, indicating a neutral trend. The MACD of -3.04 indicates Negative momentum. The RSI at 53.63 is Neutral, neither overbought nor oversold. The STOCH value of 92.52 is Negative, 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $9.87B | 41.00 | 17.39% | ― | 17.17% | 3.84% | |
68 Neutral | $17.03B | 852.92 | 4.93% | ― | 17.45% | -61.07% | |
67 Neutral | $19.18B | 106.09 | 13.19% | ― | 27.05% | ― | |
67 Neutral | $12.42B | 46.40 | 21.21% | ― | 21.32% | 19.06% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $18.16B | 68.42 | 7.55% | 0.31% | -0.25% | -15.17% | |
59 Neutral | $6.18B | 127.37 | 7.68% | ― | 10.70% | -62.92% |
* Technology Sector Average
ENTG
Entegris
142.65
69.47
94.94%
CAMT
Camtek
149.67
68.06
83.40%
LSCC
Lattice Semiconductor
128.70
67.98
111.96%
MTSI
MACOM Technology Solutions Holdings
301.64
173.89
136.12%
NVMI
Nova
381.32
118.75
45.23%
RMBS
Rambus
97.68
25.73
35.76%
Entegris Corporate Events
Business Operations and StrategyExecutive/Board Changes
Entegris Announces Board Leadership Changes and New Director
Positive
Jul 29, 2026
On July 28, 2026, Entegris said Executive Chair Bertrand Loy would retire and step down from the board effective July 31, 2026, marking the culmination of the CEO succession process that brought Dave Reeder to the top job in 2025. Lead Independent...
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...
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.