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.
Strong Q4 Performance: Entegris delivered Q4 sales, gross margin, EBITDA margin, and EPS at or above the high end of guidance.
Flat Revenue Year: Full-year 2025 revenue was approximately flat versus 2024, with unit-driven revenue up 2% but CapEx-driven revenue down 7%.
Constructive 2026 Outlook: Management expects unit growth to accelerate in 2026 driven by advanced logic and memory node transitions, and improved semiconductor industry conditions.
CapEx and Cash Flow: 2026 CapEx is expected to decline to $250 million, supporting free cash flow growth and net leverage reduction below 3.5x by year-end.
Gross Margin Stabilization: Gross margin trough is behind; incremental volume and facility rationalization are expected to drive margin improvement in 2026.
China Supply Shift: About 85% of China sales in Q1 will be supplied from Asia facilities to secure supply and maintain competitiveness.
Q1 and Q2 Guidance: Q1 sales guided to $785M–$825M (up ~4% YoY at midpoint), with Q2 sales expected to rise 1–3% sequentially.
