Entegris Inc
NASDAQ:ENTG
Entegris Inc
Entegris Inc. stands as a crucial pillar in the intricate world of semiconductor manufacturing, operating at the intersection of technology and science to enable some of the most advanced innovations globally. Headquartered in Billerica, Massachusetts, Entegris specializes in providing highly critical materials and solutions that ensure the purity, integrity, and precision required in semiconductor fabrication. The company's extensive portfolio includes filtration, purification, and contamination control products, vital for safeguarding the manufacturing processes against any microscopic imperfection that could compromise chip performance. A symbiosis of chemistry and engineering propels their offerings, as their products support every phase of the semiconductor development cycle, from research to full-scale production.
The way Entegris makes money is rooted in its ability to solve pressing challenges encountered by semiconductor companies striving for tighter manufacturing tolerances and higher product yields. As the demand for high-performance and smaller electronic devices increases globally, semiconductor manufacturers are under pressure to produce more reliable chips with higher efficiency. Entegris capitalizes on this demand by supplying specialized products such as gas filters, liquid filters, and advanced materials that not only enhance the performance but also extend the lifespan of chip-making equipment. Their unique positioning as a provider of both consumables and solutions ensures a steady revenue stream. Semiconductor companies consistently rely on Entegris' expertise to maintain the stringent standards essential for the next generation of electronic devices, which ensures a stable yet innovative growth path for Entegris in an ever-evolving tech-driven marketplace.
Entegris Inc. stands as a crucial pillar in the intricate world of semiconductor manufacturing, operating at the intersection of technology and science to enable some of the most advanced innovations globally. Headquartered in Billerica, Massachusetts, Entegris specializes in providing highly critical materials and solutions that ensure the purity, integrity, and precision required in semiconductor fabrication. The company's extensive portfolio includes filtration, purification, and contamination control products, vital for safeguarding the manufacturing processes against any microscopic imperfection that could compromise chip performance. A symbiosis of chemistry and engineering propels their offerings, as their products support every phase of the semiconductor development cycle, from research to full-scale production.
The way Entegris makes money is rooted in its ability to solve pressing challenges encountered by semiconductor companies striving for tighter manufacturing tolerances and higher product yields. As the demand for high-performance and smaller electronic devices increases globally, semiconductor manufacturers are under pressure to produce more reliable chips with higher efficiency. Entegris capitalizes on this demand by supplying specialized products such as gas filters, liquid filters, and advanced materials that not only enhance the performance but also extend the lifespan of chip-making equipment. Their unique positioning as a provider of both consumables and solutions ensures a steady revenue stream. Semiconductor companies consistently rely on Entegris' expertise to maintain the stringent standards essential for the next generation of electronic devices, which ensures a stable yet innovative growth path for Entegris in an ever-evolving tech-driven marketplace.
Revenue Performance: Q3 revenue was $807 million, flat year-over-year and up 2% sequentially, in line with guidance.
Profitability: Gross margin of 43.5% came in about 100 bps below guidance, mainly due to underutilization of manufacturing assets.
Free Cash Flow: Free cash flow reached $191 million, the highest in 6 years, driven by a $50 million inventory reduction.
Segment Trends: Record sales in liquid filtration offset weak CapEx-driven revenue, with continued softness in FOUP and fluid handling.
2025 Q4 Guidance: Sales expected between $790 million and $830 million; gross margin 43% to 44%; EPS range of $0.35 to $0.42.
Strategic Priorities: CEO highlighted customer engagement, ramping new manufacturing facilities, and reducing leverage as top priorities.
CapEx Outlook: Capital expenditures expected to decrease meaningfully in 2026 as major facility investments wind down.
AI & Node Transition: AI and advanced node demand are growth drivers, but still represent a small portion of overall wafer starts.