EarningsQ2 2026 Earnings Report
MX:ENTG Q2 2026 EPS Results
Actual EPS$16.89
Consensus EPS$14.93
Beat/MissBeat by +$1.96
One Year Ago EPS$11.99
MX:ENTG Q2 2026 Revenue Results
Actual Revenue$16.04B
Expected Revenue$15.18B
Beat/MissBeat by +$861.02M
YoY Revenue Growth+11.46%
Earnings Announcement Details
QuarterQ2 2026
Date08/04/2026
TimeBefore Open
Conference CallTuesday, August 4, 2026
MX:ENTG Upcoming Earnings
Entegris's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:ENTG Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strong, constructive outlook driven by above‑guidance revenue and profit performance, record product results (notably liquid filtration and APS), upgraded market assumptions and rapid deleveraging. Management acknowledged isolated near‑term headwinds (MS slower in Q2, mainstream logic mix, accounting uplift) and is reinvesting to scale capacity and capture AI‑driven demand. On balance the positive operational momentum, cash generation and upgraded industry visibility outweigh the noted challenges.Company Guidance
Revenue Growth Above Guidance
Q2 sales of $883 million, up 11% year-over-year and above the company's guidance range; Q3 sales guidance $905M–$935M (midpoint ~14% YoY) and Q4 expected ~4% sequential increase from Q3 midpoint (mid‑teens YoY).
Strong Profitability and Margin Expansion
GAAP and non‑GAAP gross margin of 47.6% in Q2 (highest since early 2022) with sequential improvement; company expects Q3 gross margin 47.5%–48.5% (≈400 basis points YoY expansion). Adjusted EBITDA of $251 million or 28.4% of sales.
Meaningful Bottom‑Line and EPS Improvement
GAAP net income of $94 million and adjusted net income of $143 million, a 42% increase year‑over‑year; Q2 GAAP diluted EPS $0.61 and non‑GAAP EPS $0.93; Q3 non‑GAAP EPS guidance $0.96–$1.04.
Unit and CapEx Revenue Momentum
Unit‑driven revenues grew 10% in Q2; CapEx‑related revenue increased 15% year‑over‑year, driven by FOUPs and gas filtration/purification solutions.
Record Performance in Key Product Lines
Liquid filtration delivered its fourth consecutive record quarter; CMP (pads) and selective etch chemistries showed strong growth and broader content gains at advanced nodes.
Improved Cash Generation and Deleveraging
Free cash flow of $120 million in Q2 (14% of sales); repaid an additional $200 million of debt in the quarter (plus $25M in July), net leverage improved to 3.4x and management expects to end the year in the high‑2x (below 3x) range.
Upgraded Market Outlook
Company now expects MSI growth of 7%–8% in 2026 (raised from prior mid‑single‑digit assumption) and is tracking 20+ major leading‑edge capacity expansions globally (≈8–10 advanced logic, 7–8 advanced memory, 6–8 advanced packaging).
Segment Strength: APS Outperformance
APS sales of $515 million, up 17% year‑over‑year; APS adjusted operating margin expanded to 30.3% (year‑over‑year and sequential improvement), driven by volume, mix and operational execution.
Operational Actions and Capacity Readiness
Company increased factory direct labor by a double‑digit percentage since Q4 and >20% since end of 2025 to unlock capacity, is proactively scaling to meet accelerating AI‑driven demand, and announced facility rationalizations to streamline footprint.
Technology and Content Momentum
Double‑digit growth in Taiwan tied to advanced node expansions; ~2x YoY growth in molybdenum precursor demand noted; growing presence at advanced nodes (FOUPs, EUV‑tied wins) and >50 engineering engagements with customers.
MX:ENTG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed