0001101302-26-000146
SEC filingEntegris Q2 2026业绩超预期，营收8.83亿美元，半导体需求复苏驱动双位数增长。
| 指标 | 本期 (Q2 2026) | 去年同期 (Q2 2025) | 同比 |
|---|---|---|---|
| Revenue | $883.2M | $792.4M | +11.5% |
| Gross Margin (GAAP) | 47.6% | 44.4% | +320bps |
| Operating Income (GAAP) | $164.6M | $106.1M | +55.1% |
| Operating Margin (GAAP) | 18.6% | 13.4% | +520bps |
| Net Income (GAAP) | $93.6M | $52.8M | +77.3% |
| Diluted EPS (GAAP) | $0.61 | $0.35 | +74.3% |
| Adjusted Gross Margin (Non-GAAP) | 47.6% | 44.6% | +300bps |
| Adjusted Operating Margin (Non-GAAP) | 24.5% | 20.9% | +360bps |
| Adjusted EBITDA Margin (Non-GAAP) | 28.4% | 27.3% | +110bps |
| Diluted Non-GAAP EPS | $0.93 | $0.66 | +40.9% |
| 期间 | 指标 | 指引 | 口径 |
|---|---|---|---|
| Q3 2026 | Net Sales | $905M - $935M | N/A |
| Q3 2026 | GAAP Net Income | $116M - $128M | GAAP |
| Q3 2026 | Diluted EPS | $0.75 - $0.83 | GAAP |
| Q3 2026 | Diluted Non-GAAP EPS | $0.96 - $1.04 | Non-GAAP |
| Q3 2026 | Adjusted EBITDA Margin | 28.0% - 29.0% | Non-GAAP |
简评
Entegris 第二季度业绩全面超预期，营收同比增长 11.5% 至 $883.2M，GAAP 净利润同比大增 77.3% 至 $93.6M。增长主要由 Advanced Purity Solutions (APS) 分部驱动，其营收同比增 17.0% 至 $514.6M，而 Materials Solutions (MS) 分部仅增 4.6% 至 $371.3M。管理层明确表示"improving semiconductor demand and accelerating customer capital investments"是双位数增长的核心动力，且公司"exceeding our guidance across all key metrics"。
利润率改善显著，GAAP 毛利率同比提升 320 个基点至 47.6%，营业利润率提升 520 个基点至 18.6%，Non-GAAP 营业利润率达 24.5%。经营杠杆、重组成本下降（从 $13.3M 降至 $5.6M）以及运营效率提升共同推动了盈利能力的扩张。经营现金流同比增 37.6% 至 $156.2M，资产负债表保持稳健，长期债务降至 $3,456.0M。
管理层对前景保持乐观，CEO Dave Reeder 称"the next phase of semiconductor investment is underway"，公司凭借"market-leading positions"和"strong innovation engine"处于有利位置。Q3 指引营收 $905M-$935M，Non-GAAP EPS $0.96-$1.04，隐含环比继续增长，反映管理层对半导体需求复苏持续性的信心。公司未披露新的回购授权或分红变动，但持续支付季度股息（Q2 支付 $15.4M）。