10-Q · August 4, 2026
Entegris delivered a strong Q2, with revenue up 11.5% to $883.2 million, GAAP EPS up to $0.61 from $0.35, and gross and operating margins expanding to 47.6% and 18.6%, respectively. APS drove the outperformance, growing…
Earnings analysis · 10-Q
ENTG earnings analysis
Filed October 29, 2026 · Our reading of the company's report
The latest report
Entegris delivered strong Q3 momentum, with revenue of $1,005.7 million, gross margin of 49.7%, operating margin of 22.9%, and GAAP diluted EPS of $1.03. Revenue, gross margin, operating margin, EPS, and operating cash…
Read full summary
Entegris delivered strong Q3 momentum, with revenue of $1,005.7 million, gross margin of 49.7%, operating margin of 22.9%, and GAAP diluted EPS of $1.03. Revenue, gross margin, operating margin, EPS, and operating cash flow of $266.8 million all improved versus Q2 2026, while revenue was 24.6% above Q3 2025. Q4 guidance calls for $1,025 million-$1,055 million of revenue and $1.09-$1.17 of GAAP diluted EPS, although the filing does not quantify a change versus the prior outlook.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.03
What stood out
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Revenue accelerated and beat consensus
Q3 revenue was $1,005.7 million, up 13.9% from $883 million in Q2 2026 and 24.6% from $807 million in Q3 2025; revenue exceeded the $925.2 million consensus estimate.
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Gross margin reached a record level
Gross margin increased to 49.7%, up 2.2 percentage points from 47.5% in Q2 2026 and 6.2 points from 43.5% in Q3 2025.
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Operating leverage strengthened
Operating margin rose to 22.9%, versus 18.6% in Q2 2026 and 15.2% in Q3 2025, representing improvements of 4.3 and 7.7 percentage points, respectively.
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EPS increased sharply year over year
GAAP diluted EPS was $1.03, compared with $0.61 in Q2 2026 and $0.46 in Q3 2025; EPS exceeded the $1.03 consensus estimate only by revenue-adjusted measures, while the reported GAAP figure matched consensus.
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Operating cash flow improved
Operating cash flow was $266.8 million, compared with $142 million in Q1 2026 and $117 million in Q2 2026, indicating substantially stronger cash generation in the current quarter.
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Q4 outlook remains above $1 billion
Management provided Q4 2026 revenue guidance of $1,025 million-$1,055 million and GAAP diluted EPS guidance of $1.09-$1.17.
What to watch
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Interest-rate and FX exposure persist
The company remains exposed to fluctuations in interest rates and foreign-currency exchange rates. Management reported no material changes in market risk during the three months ended September 26, 2026, but the exposures remain relevant to future results.
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Routine litigation exposure
The company is involved in claims, proceedings and lawsuits arising in the ordinary course of business, with legal costs expensed as incurred. The filing states these matters are not expected to have a material adverse effect on the financial statements.
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No new risk-factor disclosures
The 10-Q states there were no material changes to the risk factors in the Annual Report during the quarter. This does not eliminate the underlying risks disclosed in that report, including business and operating uncertainties.
Management's outlook
Q4 2026 GAAP diluted EPS guidance is $1.09-$1.17 and revenue guidance is $1,025 million-$1,055 million. The filing does not provide the prior Q4 outlook or quantify a change versus prior guidance.
Earlier filings 4
10-Q · April 30, 2026
Entegris reported strong Q1 2026 results, with net sales of $811.9 million exceeding estimates by $5.9 million—a 5.0% increase from Q1 2025. EPS of $0.86 surpassed expectations by 14.67%, driven by improved operational…
10-K · February 11, 2026
Entegris positions itself as a leading supplier of advanced materials and contamination-control solutions for semiconductors, organized into two reportable segments (Materials Solutions and Advanced Purity Solutions)…
10-Q · October 30, 2025
Entegris reported quarterly net sales of $807.1 million (essentially flat vs $807.7 million a year ago) and diluted EPS of $0.46 (down from $0.51 a year ago). Gross margin compressed to ~43.5% and operating income…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.