Entegris, Inc. · ENTG · FY2026 Q3 · Calendar Q4 2026

Entegris posts record Q3 as AI demand lifts growth and margins

Entegris' Q3 results support a constructive growth case: AI-driven advanced logic and memory demand, capacity unlocks and operating improvements drove record revenue, higher margins and stronger backlog. The case still depends on semiconductor capital spending, supply-chain execution and successful facility ramps.

Reported Before market openNASDAQTechnology $24.45B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $1.23 Consensus $1.03
EPS surprise +19.4% Reported versus consensus
Reported revenue $1.01B Consensus $925.4M
Revenue surprise +8.7% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move +0.4% Event window
SPY move -0.4% Same window
Abnormal move +0.8% Stock minus SPY
Volume 1.6× Versus trailing sessions
Subsequent drift 0.0% Up to 20 sessions
ENTGSPY benchmark

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What changed

Revenue reached a record $1.006 billion, up 25% year over year, while adjusted gross margin expanded to 48.9% and adjusted EBITDA margin exceeded 30%. Book-to-bill remained well above 1, backlog rose more than 35% sequentially and doubled year over year, and 2026 capex guidance was reduced to approximately $200 million.

Guidance delta

Management maintained its outlook, pointing to continued FY 2026 growth, an upbeat Q4 view and lower 2026 capex. The company also outlined ongoing ramps at KSP South and Colorado.

Key takeaways

  • Record Q3 revenue grew 25% year over year to $1.006 billion.
  • Adjusted gross margin reached 48.9%, up 530 basis points year over year, while adjusted EBITDA margin exceeded 30%.
  • APS grew 31% year over year and both APS and MS delivered double-digit growth.
  • Book-to-bill stayed well above 1, with backlog up more than 35% sequentially and doubled year over year.
  • KSP reached gross-profit breakeven in Q3, while 2026 capex guidance fell to approximately $200 million.

Management priorities

  • Expand brownfield capacity while reducing planned 2026 capex.
  • Ramp KSP South toward breakeven and bring the Colorado facility to revenue generation in 2027.
  • Continue early customer engagement to secure plan-of-record wins.
  • Use productivity, yield and procurement initiatives to support margins.
  • Detail the AI-native strategy and long-term roadmap at the November 9 Capital Markets Day.

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Earnings History

Estimate Beat Miss Match
ENTG REVENUE earnings history estimate and actual scatter chart 9 reported fiscal quarters and 4 future estimate-only quarters. Q1 '24 estimate $769M Q1 '24 actual $771M, beat Q2 '24 estimate $802M Q2 '24 actual $813M, beat Q3 '24 estimate $828M Q3 '24 actual $808M, miss Q2 '25 estimate $765M Q2 '25 actual $792M, beat Q3 '25 estimate $811M Q3 '25 actual $807M, miss Q4 '25 estimate $811M Q4 '25 actual $824M, beat Q1 '26 estimate $809M Q1 '26 actual $812M, beat Q3 '26 estimate $925M Q3 '26 actual $1B, beat Q4 '26 estimate $961M Q1 '27 estimate $952M Q2 '27 estimate $1B Q3 '27 estimate $1B
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Analyst Consensus ?

ConsensusBuy26 ratings
Bullish1869.2%
Neutral726.9%
Bearish13.9%

Analyst 52W Price Targets

$160Current
$86Low
$157.19Average
$215High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 30, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Needham Buy BuyMaintainOct 29, 2026
Citigroup Buy BuyMaintainOct 20, 2026
Deutsche Bank Buy HoldUpgradeAug 12, 2026
UBS Buy BuyMaintainAug 5, 2026
Oppenheimer Outperform PerformUpgradeAug 5, 2026
Show 21 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $160. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Truist FinancialAnalyst unavailable$190$161.16 +18.8%Oct 14, 2026
BarclaysAleksey Yefremov$212$160.01 +32.5%Oct 12, 2026
Stifel NicolausAnalyst unavailable$200$166.32 +25.0%Oct 7, 2026
Deutsche BankMelissa Weathers$200$150.21 +25.0%Aug 12, 2026
Deutsche BankAnalyst unavailable$152$144.67 -5.0%Aug 5, 2026
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Company context

Snapshot as of publication

Entegris, 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.…

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Sources

  1. Earnings call transcript and parsed analysis · 2026-10-29T18:06:38.918092+00:00
  2. FN2 earnings calendar · 2026-10-30T01:23:13.979536+00:00
  3. Polygon adjusted daily market bars · 2026-10-30T03:20:43.549462+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-30T03:20:43.546503+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 2026-10-30. For educational purposes only; not investment advice.