ENTG · Entegris, Inc.

Entegris reported solid first quarter results for 2026, with net sales of $811.9 million, up 5% year-over-year, driven by increasing unit-driven volumes related to advanced semiconductor manufacturing processes. The Materials Solutions segment saw growth in advanced deposition materials, selective etch, and CMP consumables, while Advanced Purity Solutions benefited from strong growth in liquid filtration and FOUPs. Adjusted gross margin improved to 46.9% from 46.1% a year ago, and adjusted operating margin expanded to 23.6% from 22.1%, reflecting productivity actions and favorable product mix. GAAP net income rose to $92.0 million, or $0.60 per diluted share, compared to $62.9 million, or $0.41 per share, in the prior year quarter. Non-GAAP diluted EPS of $0.86 exceeded the company's guidance range, driven by strong operational performance. Cash flow from operations was $183.0 million, enabling $41.5 million in capital expenditures and net debt reduction of $50 million. Management noted that despite geopolitical tensions, the semiconductor market continues to improve, with accelerating AI-related demand reflected in strengthening order patterns. For the second quarter of 2026, Entegris expects net sales between $815 million and $845 million, GAAP diluted EPS of $0.53 to $0.61, and non-GAAP diluted EPS of $0.76 to $0.84, with adjusted EBITDA margin of 27.0% to 28.0%.