$ENTG · ENTEGRIS INC
Entegris reported Q3 FY2026 results with record net sales of $1.006B, up 24.6% YoY. GAAP diluted EPS was $1.03 vs $0.46 a year ago; non-GAAP diluted EPS was $1.23 vs $0.72. GAAP gross margin hit 49.7% (up from 43.5%), and adjusted operating margin reached 26.8% (up from 21.1%). The company guided Q4 FY2026 sales to $1.025B-$1.055B with non-GAAP EPS of $1.32-$1.40, both above Q3's record levels. CEO Dave Reeder highlighted record cash flow enabling accelerated debt repayment, with long-term debt down to $3.26B from $3.70B at year-end 2025. A Capital Markets Day is scheduled for November 9, 2026.
- Net sales hit a record $1.006B, up 24.6% YoY from $807.1M and up 13.9% sequentially from $883.2M.
- GAAP diluted EPS of $1.03 more than doubled from $0.46 a year ago; non-GAAP diluted EPS reached $1.23 vs $0.72.
- GAAP gross margin expanded to 49.7% from 43.5% YoY; adjusted operating margin rose to 26.8% from 21.1%.
- Long-term debt reduced to $3.26B from $3.70B at year-end 2025, reflecting accelerated debt repayment.
- Q4 FY2026 guidance: sales of $1.025B-$1.055B and non-GAAP EPS of $1.32-$1.40, both above the Q3 record.
Extended-hours trading pushed ENTG to $166.45, up 4.48% from the regular-session close of $159.32, reflecting strong positive reaction to the record revenue, margin expansion, and above-consensus Q4 guidance.
Entegris posted record revenue with 620 bps of gross margin expansion YoY and guided Q4 above the Q3 record — a rare triple beat that signals the semiconductor materials upcycle has strong legs.
Entegris's 24.6% YoY revenue growth and 620 bps gross margin expansion significantly outpace typical semiconductor materials peers, reflecting the company's leverage to increasing chip complexity and materials intensity across both unit-driven and capex-driven businesses.
Forward-looking risks cited include fluctuations in semiconductor demand, global economic uncertainty, supply chain reliance on sole/limited-source suppliers, and export control impacts — all standard for the sector but relevant given Entegris's global manufacturing footprint across 10+ countries.