Entegris Posts Record Sales and Beats Third-Quarter Outlook

The Tip Desk · October 30, 2026 · 2 min read

Net sales reached $1,005.7 million, above the $905 million to $935 million range the company had set for the period.

Entegris, Inc. (ENTG), a supplier of advanced materials and process solutions for the semiconductor industry, reported record net sales of $1,005.7 million for the third quarter ended September 26, 2026, 24.6% above $807.1 million a year earlier. The result exceeded the $905 million to $935 million sales range the company had issued in August. Sequential sales rose 13.9% from $883.2 million in the second quarter.

GAAP diluted earnings were $1.03 a share, compared with $0.46 a year earlier. Non-GAAP diluted earnings were $1.23 a share, versus $0.72 a year earlier. Net income was $157.8 million.

President and Chief Executive Officer Dave Reeder said the company was executing against a long-term opportunity driven by increasing semiconductor complexity, rising materials intensity, and investment in leading-edge technologies, and that the quarter’s revenue, margins and earnings exceeded the company’s guidance range. He said record cash flow allowed the company to accelerate debt repayment.

GAAP gross margin expanded to 49.7% of net sales from 43.5% a year earlier. Adjusted gross margin was 48.9%. GAAP operating margin was 22.9%, versus 15.2% a year earlier; adjusted operating margin was 26.8%. Adjusted EBITDA was 30.2% of sales. The company received $8.3 million of IEEPA tariff refunds in the quarter and excluded them from non-GAAP results as a discrete, non-recurring recovery.

Advanced Purity Solutions, which supplies filtration, purification and contamination-control products, posted net sales of $604.9 million, up 31.3% from $460.8 million a year earlier, and segment profit of $212.7 million, versus $118.2 million a year earlier. Materials Solutions, which sells deposition materials, slurries, specialty gases and other process chemicals, posted net sales of $404.1 million, up 15.9% from $348.6 million a year earlier, and segment profit of $84.3 million, versus $65.2 million a year earlier.

Cash and cash equivalents were $356.5 million at quarter-end. Long-term debt was $3,260.6 million. Operating cash flow for the three months was $266.8 million. The company paid $200.0 million of debt in the quarter.

For the fourth quarter ending December 31, 2026, Entegris expects sales of $1,025 million to $1,055 million. It expects GAAP net income of $168 million to $181 million and diluted earnings of $1.09 to $1.17 a share. On a non-GAAP basis, it expects diluted earnings of $1.32 to $1.40 a share and adjusted EBITDA of approximately 30.7% to 31.2% of sales.

Reeder said the company looks forward to discussing its long-term strategy at a Capital Markets Day on November 9, 2026.