Entegris delivered fourth-quarter results that were well received by the market, as revenue and non-GAAP earnings per share surpassed Wall Street’s expectations despite a modest year-over-year sales decline. Management credited the positive performance to continued strength in advanced node semiconductor applications, particularly in CMP consumables, liquid filtration, and selective etch products. CEO David Reeder highlighted that the company’s operational execution, including increased production volumes and disciplined working capital management, supported both margin stability and improved free cash flow.
Is now the time to buy ENTG? Find out in our full research report (it’s free for active Edge members).
Entegris (ENTG) Q4 CY2025 Highlights:
- Revenue: $823.9 million vs analyst estimates of $812.4 million (3.1% year-on-year decline, 1.4% beat)
- Adjusted EPS: $0.70 vs analyst estimates of $0.66 (5.4% beat)
- Adjusted EBITDA: $228.1 million vs analyst estimates of $220.3 million (27.7% margin, 3.5% beat)
- Revenue Guidance for Q1 CY2026 is $805 million at the midpoint, above analyst estimates of $786.9 million
- Adjusted EPS guidance for Q1 CY2026 is $0.74 at the midpoint, above analyst estimates of $0.63
- Operating Margin: 12.7%, down from 17.7% in the same quarter last year
- Inventory Days Outstanding: 127, down from 129 in the previous quarter
- Market Capitalization: $19.96 billion
While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention.
Our Top 5 Analyst Questions From Entegris’s Q4 Earnings Call
- Mike Harrison (Seaport Research Partners) asked about Entegris’ ability to outgrow the broader semiconductor market. CEO David Reeder said outperformance is most likely during node transitions but noted results depend on the pace of transition and fab CapEx.
- Timothy Arcuri (UBS) pressed on margin trajectory for the year. CFO Linda LaGorga explained that increased production and facility ramp-ups should drive margin improvement, with additional benefit from ongoing facility rationalization.
- Christopher Parkinson (Wolfe Research) questioned updates on mainstream logic and silicon carbide exposure. Reeder noted stabilization in silicon carbide and a strategy to deepen customer penetration across the mainstream logic portfolio.
- Elizabeth Sun (Citi) inquired about AI’s share of Entegris’ revenue. Reeder stated that about 60% of revenue is from advanced nodes, with AI being a significant growth driver within those segments.
- John Roberts (Mizuho) asked about the outlook for weaker product lines like fluid management and FOUPs. Reeder confirmed recovery is expected as fab construction CapEx rebounds, with improved order patterns already visible.
Catalysts in Upcoming Quarters
In the coming quarters, the StockStory team will be watching (1) the pace of advanced node adoption and content-per-wafer gains, (2) the operational ramp and customer qualification of new facilities in Taiwan and Colorado, and (3) evidence of recovery in fab construction-related demand driving improvements in capital-expenditure-sensitive product lines. Progress on local-for-local manufacturing in China and further rationalization of the production footprint will also be important to track.
Entegris currently trades at $130.54, up from $122.39 just before the earnings. In the wake of this quarter, is it a buy or sell? Find out in our full research report (it’s free).
Our Favorite Stocks Right Now
Your portfolio can’t afford to be based on yesterday’s story. The risk in a handful of heavily crowded stocks is rising daily.
The names generating the next wave of massive growth are right here in our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 244% over the last five years (as of June 30, 2025).
Stocks that have made our list include now familiar names such as Nvidia (+1,326% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today.
