Entegris (ENTG)
NASDAQ:ENTG
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Entegris
(NASDAQ:ENTG)
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Rating:66Neutral
Price Target:
$131.00
▲(6.35% Upside)
Action:ReiteratedDate:02/11/26
The score is driven primarily by solid financial resilience (notably strong recent cash generation) and supportive technical momentum. This is tempered by weakening revenue/profitability trends and meaningful leverage, while valuation is the largest detractor due to a high P/E and low yield. The latest earnings call adds support via better execution and constructive guidance, albeit with CapEx-cycle and margin risks.
Positive Factors
Strong cash generation
Entegris has materially improved cash conversion with TTM operating cash flow well above net income and robust free cash flow. Durable FCF supports debt reduction, capex funding, dividends and strategic investments, providing a financial buffer through semiconductor cycles.
Negative Factors
Weakening revenue growth trend
Top-line momentum has weakened over recent years with TTM growth turning negative. Persistent growth degradation reduces operating leverage, limits reinvestment capacity and heightens sensitivity to wafer-start cycles, making multi-quarter planning and margin recovery more challenging.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Entegris has materially improved cash conversion with TTM operating cash flow well above net income and robust free cash flow. Durable FCF supports debt reduction, capex funding, dividends and strategic investments, providing a financial buffer through semiconductor cycles.
Read all positive factors
Entegris (ENTG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$18.72B
Dividend Yield0.47%
Average Volume (3M)2.51M
Price to Earnings (P/E)54.2
Beta (1Y)2.09
Revenue Growth0.59%
EPS Growth25.65%
CountryUS
Employees8,200
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)0.70
Shares Outstanding152,000,000
10 Day Avg. Volume2,319,308
30 Day Avg. Volume2,514,341
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 Cap1.19
Enterprise Value/Revenue6.96
Enterprise Value/Gross Profit16.17
Enterprise Value/Ebitda25.67
Forecast
1Y Price Target
$133.00Price Target Upside7.97% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)3.41
Revenue Forecast (FY)$3.42B
Entegris Business Overview & Revenue Model
Company Description
Entegris, Inc. develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in...
How the Company Makes Money
Entegris primarily makes money by selling specialized products and solutions used throughout semiconductor manufacturing, generating revenue from a mix of consumable materials and higher-value equipment/solutions. Key revenue streams typically inc...
Entegris Earnings Call Summary
Earnings Call Date:Feb 10, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 28, 2026
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.Positive Updates
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).
Negative Updates
CapEx-Driven Revenue Decline
CapEx-driven revenue declined ~7% in 2025, consistent with a high-single-digit decline in industry fab construction CapEx. Two-thirds of the company's CapEx-related revenue is correlated with fab construction, making Entegris sensitive to construction timing volatility.
Read all updates
Q4-2025 Updates
Positive
Negative
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).
Read all positive updates
Company Guidance
Entegris guided Q1 2026 sales of $785–$825M (≈+4% YoY at the midpoint), gross margin 44.5–45.5% (GAAP and non‑GAAP) including ~100 bps benefit from a useful‑life accounting change, GAAP operating expenses ~$229M and non‑GAAP OPEX ~$181M, adjusted EBITDA margin 26.5–27.5%, net interest ≈$47M, non‑GAAP tax rate ≈15%, GAAP EPS $0.43–$0.51 and non‑GAAP EPS $0.70–$0.78, depreciation ≈$36M and diluted share count ≈152M for Q1 (~153M for FY). For 2026 modeling they expect CapEx ≈$250M, depreciation ≈$150M, net interest ≈$190M, a ~15% non‑GAAP tax rate, Q2 sales +1–3% sequentially, MSI “middish” single‑digit wafer‑starts growth, WFE and fab‑construction CapEx improvement (two‑thirds of CapEx revenue tied to fab construction), target net leverage <3.5x exiting 2026, and reiterated that ~75% of revenue is unit‑driven versus ~25% CapEx‑related.Entegris Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
55
Neutral
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.20B | 3.24B | 3.52B | 3.28B | 2.30B |
| Gross Profit | 1.24B | 1.49B | 1.50B | 1.40B | 1.06B |
| EBITDA | 836.20M | 915.51M | 872.21M | 739.07M | 658.48M |
| Net Income | 235.60M | 292.79M | 180.67M | 208.92M | 409.13M |
Balance Sheet | |||||
| Total Assets | 8.35B | 8.39B | 8.81B | 10.14B | 3.19B |
| Cash, Cash Equivalents and Short-Term Investments | 360.40M | 329.21M | 456.93M | 563.44M | 402.56M |
| Total Debt | 3.89B | 4.05B | 4.65B | 5.87B | 1.01B |
| Total Liabilities | 4.40B | 4.70B | 5.40B | 6.92B | 1.48B |
| Stockholders Equity | 3.95B | 3.69B | 3.41B | 3.22B | 1.71B |
Cash Flow | |||||
| Free Cash Flow | 396.20M | 316.12M | 187.63M | -103.06M | 189.83M |
| Operating Cash Flow | 695.40M | 631.72M | 644.48M | 363.13M | 400.45M |
| Investing Cash Flow | -300.80M | -67.08M | 553.07M | -4.95B | -298.12M |
| Financing Cash Flow | -366.90M | -688.99M | -1.30B | 4.76B | -276.50M |
Entegris Technical Analysis
Positive
123.18
Price Trends
121.39
Positive
103.60
Positive
94.60
Positive
Market Momentum
-1.28
Negative
54.79
Neutral
81.61
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 123.18 is above the 20-day moving average (MA) of 119.77, above the 50-day MA of 121.39, and above the 200-day MA of 94.60, indicating a bullish trend. The MACD of -1.28 indicates Negative momentum. The RSI at 54.79 is Neutral, neither overbought nor oversold. The STOCH value of 81.61 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 29 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $15.30B | 38.14 | 22.70% | ― | 39.37% | 40.87% | |
73 Outperform | $13.78B | 3,496.18 | 0.44% | ― | -12.03% | -80.99% | |
71 Outperform | $8.02B | 33.85 | 8.42% | ― | 21.12% | -54.97% | |
66 Neutral | $18.72B | 54.25 | 6.12% | 0.47% | 0.59% | 25.65% | |
66 Neutral | $18.38B | 67.11 | 12.60% | ― | 32.58% | -173.04% | |
65 Neutral | $10.34B | 42.96 | 18.29% | ― | 31.05% | 30.35% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
ENTG
Entegris
123.18
31.13
33.82%
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Entegris Corporate Events
Executive/Board ChangesFinancial Disclosures
Entegris Announces CFO Transition and Interim Appointment
Neutral
Jan 20, 2026
On January 20, 2026, Entegris, Inc. announced a chief financial officer transition, with current CFO Linda LaGorga set to step down by mutual agreement effective February 28, 2026, and to remain as a senior advisor through May 15, 2026, under a se...
Dividends
Entegris Board Declares Quarterly Cash Dividend for Shareholders
Positive
Jan 14, 2026
On January 14, 2026, Entegris, Inc. announced that its board of directors declared a quarterly cash dividend of $0.10 per share, payable on February 18, 2026, to shareholders of record as of the close of business on January 28, 2026. The move unde...
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.