Entegris, Inc. (ENTG) Earnings
Entegris, Inc. is expected to report next earnings on July 29, 2026 (in NaN days), with a consensus EPS estimate of $0.81. ENTG has beaten EPS estimates in 9 of its last 12 reported quarters (average surprise +6.5% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $0.75 | $0.86 | +14.7% | $812M | +0.4% |
| Oct 30, 2025 | $0.72 | $0.72 | +0.0% | $807M | -0.5% |
| Jul 30, 2025 | $0.65 | $0.66 | +2.3% | $792M | +3.5% |
| Feb 6, 2025 | $0.77 | $0.84 | +9.1% | $850M | +7.7% |
| Jul 31, 2024 | $0.70 | $0.71 | +0.7% | $813M | +1.3% |
| May 1, 2024 | $0.61 | $0.68 | +10.6% | $771M | +0.2% |
| Feb 13, 2024 | $0.59 | $0.65 | +10.2% | $812M | +4.0% |
| Nov 2, 2023 | $0.61 | $0.68 | +11.5% | $888M | -0.4% |
| Aug 3, 2023 | $0.58 | $0.66 | +13.8% | $901M | +1.6% |
| May 11, 2023 | $0.52 | $0.65 | +25.0% | $922M | +3.3% |
| Feb 14, 2023 | $0.78 | $0.83 | +6.4% | $946M | -0.5% |
| Nov 2, 2022 | $0.98 | $0.85 | -13.3% | $994M | -2.2% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 30, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
The first quarter was a solid start with revenue up 5% above midpoint of range. Metrics like adjusted gross margin, EBITDA margin, non-GAAP EPS exceeded guidance. Optimized manufacturing network by closing a subscale facility in Chandler, Arizona. Free cash flow was $144 million. Semiconductor market expects mid to high single digit industry MSI growth for remainder of 2026. End markets: advanced logic ~40% of revenue well positioned for growth; memory ~30% structurally strong; mainstream logic ~a third of business mixed. New CFO Suki Nagesh appointed effective May 18th.
Guidance
2Q sales expected to range from $815 million to $845 million, year-over-year increase ~5% at midpoint. Gross margin expected between 46.25% and 47.25%. GAAP operating expenses ~$241 million, non-GAAP operating expenses ~$194 million. EBITDA margin at midpoint 27.5%. Non-GAAP tax rate expected to return to ~15% in 2Q. GAAP EPS between 53 and 61 cents per share, non-GAAP EPS between 76 and 84 cents per share. Full year 2026: net interest expense slightly below $190 million, non-GAAP tax rate ~15%, CapEx $250 million, depreciation ~$140 million.
Segment performance
Total revenue increased 5% in the first quarter. APS segment grew 7% and MS improved 3%. Material Solutions delivered Q1 sales of $351 million, up ~3% year-over-year, adjusted operating margin 22%. Advanced Purity Solutions had Q1 sales of $464 million, ~7% year-over-year growth, adjusted operating margin 29.1%.
Risks & headwinds
Geopolitical risks such as the Iran - Middle East conflict may cause cost pressure on raw materials like noble gases and resins. China market performance affected by dislocated order patterns from prior year tariffs and geopolitical factors.
Analyst Q&A
Q: Melissa Weathers asked about market environment, especially non - AI markets and CapEx.
A: Melissa was told mainstream market is mixed with memory availability and pricing impacting consumer products but offset by power management and AI - related strengths; CapEx - related portion of business has three waves of demand after fab groundbreaking, with memory in wave one and advanced logic in waves 2 and 3.
Q: Elizabeth Sun asked about growth margin path and CFO appointment.
A: On growth margin, gross margin is in a period of sustained structural expansion with simplifying manufacturing network, driving productivity etc.; on CFO appointment, Suki has strong semiconductor background and corporate experience, and the focus is on deleveraging now with plans to consider other opportunities in 2027.
Q: Timothy Arcuri asked about gross margin puts and takes, KSP, Colorado, and China.
A: Gross margin should improve with volume growth; KSP expected to be less dilutive by end of 2026; Colorado dilutive in 2026 with revenue ramping in 2027; China had modest decline in Q1 but de - risked and expected solid second half.
Q: Vivesh Ladeya asked about WFE CapEx margins and raw material pricing.
A: Incremental volume helps fixed cost absorption; on raw materials, some contracts have fixed terms, with some inflationary pressure from Middle East conflict absorbed for now.
Q: Jim Schneider asked about wafer start outlook and mainstream.
A: Fab construction forecast changed from low single digits to high single digits; MSI forecast changed to mid to high single digits; mainstream first quarter better than expected with some customers showing improved inventory and utilization.
Q: Charles Shee asked about advanced packaging and customer - specific growth.
A: Exposure to advanced packaging has current revenue over $100 million run rate; 2025 had CapEx build out pressure, 2026 Taiwan up 18% year - over - year, Asia up over 10% year - over - year.
Q: John Roberts asked about China requalification and material solutions in memory.
A: Expect to get to over 90% of product portfolio qualified in China by end of 2026; NAND focused on bit density driving incremental materials, DRAM near capacity with some advanced packaging trends.
Q: Chris Parkinson asked about energy availability and third quarter direction.
A: No semiconductor - specific energy concerns; third quarter guide includes seasonality and current order book visibility, no meaningful mainstream recovery yet.
Q: Edward Yang asked about R&D and POR pipeline.
A: R&D roughly 10% of revenue invested, feels good about POR pipeline with manufacturing complexity driving demand for more precise materials in advanced logic and memory.