Entegris, Inc. · ENTG · FY2026 Q2 · Calendar Q3 2026
Entegris raises MSI outlook as AI-driven demand lifts Q2
The quarter strengthens the case that AI-related semiconductor investment and higher material content are supporting Entegris demand, while execution on capacity, margins, and deleveraging remains important to the forward outlook.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
Compared with the prior quarter, management reported faster growth, raised its MSI outlook, highlighted stronger AI-driven demand, and accelerated debt reduction. The company also exited its Life Sciences Fluid Management business and continued footprint rationalization.
Guidance delta
Management raised its MSI growth outlook to 7–8%.
Key takeaways
- Revenue grew 11% year over year and exceeded guidance.
- AI-related semiconductor capex, wafer starts, and technology transitions supported demand across both major businesses.
- Free cash flow of $120 million enabled an additional $200 million debt repayment, while management targeted net leverage below 3x by year-end.
Management priorities
- Expand capacity and unlock network throughput ahead of demand.
- Broaden coverage of the top 35 customers through an enterprise sales team.
- Pursue growth in advanced packaging and specialty coatings.
- Rationalize the portfolio and facilities while maintaining supply availability.
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Analyst 52W Price Targets
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 31, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Truist Securities | Buy | Buy | Maintain | Oct 30, 2026 |
| Needham | Buy | Buy | Maintain | Oct 30, 2026 |
| Goldman Sachs | Sell | Sell | Maintain | Oct 30, 2026 |
| Citigroup | Buy | Buy | Maintain | Oct 30, 2026 |
| Barclays | Overweight | Overweight | Maintain | Oct 30, 2026 |
| Deutsche Bank | Buy | Hold | Upgrade | Aug 12, 2026 |
| UBS | Buy | Buy | Maintain | Aug 5, 2026 |
| Oppenheimer | Outperform | Perform | Upgrade | Aug 5, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Jul 6, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Jul 1, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Feb 11, 2026 |
| Seaport Global | Neutral | Buy | Downgrade | Jan 23, 2026 |
| Craig-Hallum | Buy | Buy | Maintain | Nov 5, 2024 |
| Loop Capital | Buy | Buy | Maintain | May 15, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Feb 15, 2023 |
| Stifel | Buy | Buy | Maintain | Aug 16, 2022 |
| Wolfe Research | Outperform | Outperform | Maintain | Jun 10, 2021 |
| CL King | Buy | Buy | Maintain | Jun 21, 2019 |
| Stifel Nicolaus | Buy | Buy | Maintain | Jul 2, 2018 |
| Aegis Capital | Buy | Buy | Maintain | Mar 17, 2017 |
| Pacific Crest | Overweight | Overweight | Maintain | Jul 28, 2016 |
| Dougherty & Co. | Neutral | Buy | Downgrade | Jul 28, 2016 |
| Dougherty | Neutral | Buy | Downgrade | Jul 28, 2016 |
| Sidoti & Co. | Neutral | Buy | Downgrade | Jul 1, 2015 |
| DA Davidson | Buy | Buy | Maintain | Feb 5, 2014 |
| Northland Securities | Perform | Market Perform | Maintain | Aug 28, 2013 |
| Bank of America | Neutral | Neutral | Maintain | Oct 24, 2012 |
| B of A Securities | Neutral | Neutral | Maintain | Oct 24, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $154.39. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Timothy Arcuri | $220 | $160 | +42.5% | Oct 30, 2026 |
| Truist Financial | Analyst unavailable | $190 | $161.16 | +23.1% | Oct 14, 2026 |
| Barclays | Aleksey Yefremov | $212 | $160.01 | +37.3% | Oct 12, 2026 |
| Stifel Nicolaus | Analyst unavailable | $200 | $166.32 | +29.5% | Oct 7, 2026 |
| Deutsche Bank | Melissa Weathers | $200 | $150.21 | +29.5% | Aug 12, 2026 |
| Deutsche Bank | Analyst unavailable | $152 | $144.67 | -1.5% | Aug 5, 2026 |
| UBS | Timothy Arcuri | $215 | $144.22 | +39.3% | Aug 5, 2026 |
| Oppenheimer | Ed Yang | $180 | $144.56 | +16.6% | Aug 5, 2026 |
| Deutsche Bank | Melissa Weathers | $155 | $154 | +0.4% | Jul 6, 2026 |
| BMO Capital | Bhavesh Lodaya | $167 | $146.66 | +8.2% | Jul 6, 2026 |
| Mizuho Securities | John Roberts | $200 | $179.86 | +29.5% | Jul 1, 2026 |
| Mizuho Securities | John Roberts | $180 | $138.44 | +16.6% | May 29, 2026 |
| Goldman Sachs | James Schneider | $115 | $140.84 | -25.5% | May 1, 2026 |
| UBS | Analyst unavailable | $205 | $140.5 | +32.8% | May 1, 2026 |
| Mizuho Securities | John Roberts | $175 | $140.81 | +13.3% | May 1, 2026 |
| Oppenheimer | Edward Yang | $160 | $140.6 | +3.6% | May 1, 2026 |
| UBS | Analyst unavailable | $185 | $148.92 | +19.8% | Apr 21, 2026 |
| Mizuho Securities | Analyst unavailable | $150 | $136.84 | -2.8% | Feb 11, 2026 |
| KeyBanc | Aleksey Yefremov | $156 | $135.7 | +1.0% | Feb 11, 2026 |
| Goldman Sachs | Analyst unavailable | $95 | $133.44 | -38.5% | Feb 11, 2026 |
| BMO Capital | Analyst unavailable | $148 | $133.44 | -4.1% | Feb 11, 2026 |
| Deutsche Bank | Analyst unavailable | $105 | $113.7 | -32.0% | Feb 3, 2026 |
| UBS | Analyst unavailable | $150 | $120.29 | -2.8% | Feb 2, 2026 |
| BMO Capital | Analyst unavailable | $126 | $118.46 | -18.4% | Jan 21, 2026 |
| UBS | Timothy Arcuri | $145 | $104.09 | -6.1% | Jan 15, 2026 |
| KeyBanc | Aleksey Yefremov | $111 | $99.85 | -28.1% | Jan 9, 2026 |
| Goldman Sachs | Analyst unavailable | $75 | $92.52 | -51.4% | Dec 15, 2025 |
| Mizuho Securities | Analyst unavailable | $96 | $73.76 | -37.8% | Nov 20, 2025 |
| Mizuho Securities | Analyst unavailable | $108 | $96.81 | -30.0% | Oct 3, 2025 |
| Oppenheimer | Edward Yang | $95 | $79.65 | -38.5% | Sep 4, 2025 |
| KeyBanc | Aleksey Yefremov | $103 | $79.34 | -33.3% | Jul 31, 2025 |
| BMO Capital | Bhavesh Lodaya | $135 | $101.72 | -12.6% | Nov 5, 2024 |
| Needham | Charles Shi | $120 | $101.72 | -22.3% | Nov 5, 2024 |
| KeyBanc | Aleksey Yefremov | $154 | $101.72 | -0.3% | Nov 5, 2024 |
| Citigroup | Atif Malik | $130 | $110.67 | -15.8% | Sep 16, 2024 |
| C.L. King | David Silver | $150 | $116.1 | -2.8% | Aug 23, 2024 |
| BMO Capital | Bhavesh Lodaya | $145 | $118.29 | -6.1% | Aug 1, 2024 |
| Mizuho Securities | John Roberts | $143 | $109.88 | -7.4% | Aug 1, 2024 |
| Seaport Global | Michael Harrison | $150 | $118.29 | -2.8% | Jul 31, 2024 |
| Deutsche Bank | Melissa Weathers | $160 | $137.73 | +3.6% | Jun 20, 2024 |
| Needham | Charles Shi | $150 | $132.36 | -2.8% | May 28, 2024 |
| Craig-Hallum | Christian Schwab | $150 | $135.65 | -2.8% | Feb 15, 2024 |
| Loop Capital Markets | Bhavesh Lodaya | $129 | $106.5 | -16.4% | Jun 20, 2023 |
| Needham | Analyst unavailable | $86 | $64.13 | -44.3% | Jan 4, 2023 |
| Craig-Hallum | Christian Schwab | $120 | $87.09 | -22.3% | Sep 23, 2022 |
| Mizuho Securities | Kieran de Brun | $148 | $104.53 | -4.1% | Aug 15, 2022 |
| Stifel Nicolaus | Patrick Ho | $180 | $148.54 | +16.6% | Dec 1, 2021 |
| C.L. King | David C Silver | $130 | $121.52 | -15.8% | Sep 7, 2021 |
| Piper Sandler | Weston Twigg | $126 | $114.55 | -18.4% | Apr 28, 2021 |
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Start freeCompany context
Snapshot as of publicationEntegris, Inc. is a global enterprise that develops, manufactures, and supplies critical solutions for microcontamination control, specialty chemicals, and advanced material handling. The company operates extensively across North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. Its operations are structured into three primary segments: Specialty Chemicals and Engineered Materials (SCEM): This division delivers high-performance, ultra-pure process chemistries, specialized gases, and advanced materials, along with their associated delivery systems, crucial for semiconductor fabrication and other sophisticated manufacturing processes. Microcontamination Control (MC): The MC unit focuses on providing systems designed to filter and purify essential liquid chemicals and gases utilized within the semiconductor industry and various other high-technology sectors.…
Historical context
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| RBLX Roblox Corporation | FY2026 Q3 · Calendar Q4 2026 | +26.2% | -18.1% | Roblox pairs strong engagement with lower Q4 bookings guidance |
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Sources
- Earnings call transcript and parsed analysis · 2026-08-04T21:12:33.310376+00:00
- FN2 earnings calendar · 2026-09-09T01:23:14.388487+00:00
- Polygon adjusted daily market bars · 2026-10-31T07:20:41.844291+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-31T07:20:41.841500+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-31. For educational purposes only; not investment advice.