Entegris (NASDAQ:ENTG) reported fourth-quarter results on Tuesday, February 10, 2026, that comfortably exceeded its own guidance and analyst expectations, signaling a resilient performance amidst a complex semiconductor landscape.
The Billerica-based materials supplier posted net sales of $824 million, slightly above the $812 million consensus, while non-GAAP diluted earnings per share hit $0.70, beating the Zacks estimate of $0.66.
The quarter’s outperformance was driven by "unit-driven growth" in high-priority sectors.
CEO Dave Reeder, who took the helm in 2025, noted that while broader industry fab utilization remains stagnant outside of AI, Entegris saw record momentum in liquid filtration, selective etch, and CMP (Chemical Mechanical Planarization) consumables.
These products are critical for the transition to advanced nodes (3nm and below), where materials purity and process yield are the primary hurdles for chipmakers like TSMC and Intel.
Financially, Entegris showcased a significantly improved cash profile.
The company reported a free cash flow margin of 16.3%, nearly doubling from 8.1% in the prior year, as it successfully reduced inventory days.
This liquidity allowed Entegris to continue its de-leveraging strategy following the massive CMC Materials acquisition.
For the full year 2025, the company reported total revenue of $3.20 billion and a net income of $235.6 million.
Looking ahead, Entegris issued an optimistic forecast for the first quarter of 2026, projecting revenue between $785 million and $825 million and adjusted EPS of $0.70 to $0.78, well ahead of the $0.63 Street estimate.