second quarter of 2026
Filed Aug 4, 2026Entegris reported second-quarter net sales of $883.2 million, GAAP diluted EPS of $0.61, and non-GAAP diluted EPS of $0.93, and guided third-quarter sales to $905 million to $935 million.
Net sales, GAAP net income, GAAP diluted EPS, and non-GAAP diluted EPS were higher than both the prior-year and prior-quarter comparison figures presented. GAAP and non-GAAP operating margins also improved versus both comparison periods, while third-quarter guidance calls for sales of $905 million to $935 million.
Key metrics
as reported| Metric | Value | q/q | y/y |
|---|---|---|---|
| Net salesGAAP | $883.2 | – | – |
| Cost of salesGAAP | 463.2 | – | – |
| Gross profitGAAP | 420.0 | – | – |
| Gross margin - as a % of net salesGAAP | 47.6 % | – | – |
| Operating margin - as a % of net salesGAAP | 18.6 % | – | – |
| Net incomeGAAP | $93.6 | – | – |
| Diluted earnings per common shareGAAP | $0.61 | – | – |
| Adjusted gross margin - as a % of net salesnon-GAAP | 47.6 % | – | – |
| Adjusted operating margin - as a % of net salesnon-GAAP | 24.5 % | – | – |
| Adjusted EBITDA - as a % of net salesnon-GAAP | 28.4 % | – | – |
| Diluted non-GAAP earnings per common sharenon-GAAP | $0.93 | – | – |
| Selling, general and administrative expensesGAAP | 126.5 | – | – |
third quarter ending September 26, 2026 outlook
- Revenue$905 million to $935 million
- NoteGAAP net income of $116 million to $128 million
- NoteGAAP diluted earnings per common share of $0.75 to $0.83
- NoteNon-GAAP diluted earnings per common share of $0.96 to $1.04
- NoteNon-GAAP net income of $148 million to $160 million
- NoteAdjusted EBITDA of approximately 28.0% to 29.0% of sales
What drove it
- Improving semiconductor demand and accelerating customer capital investments drove double-digit growth across both our unit and capex-related businesses.
- Operational initiatives continued to enhance profitability and cash generation.
- The Company cited growing participation at the industry's most advanced technology nodes and a strong innovation engine.
Concerns
- The release identifies fluctuations in semiconductor demand and overall semiconductor manufacturing volume as risks.
- The release identifies supply chain interruptions, raw-material shortages and cost increases, export controls, tariffs, geopolitical uncertainty, customer concentration, and the Company's indebtedness as risks.
What to watch
- Third-quarter sales execution against guidance of $905 million to $935 million.
- Third-quarter GAAP diluted earnings per common share guidance of $0.75 to $0.83 and non-GAAP diluted earnings per common share guidance of $0.96 to $1.04.
- Whether Adjusted EBITDA remains within the guided approximately 28.0% to 29.0% of sales range.
- The pace of semiconductor demand recovery and customer capital investments.
Analysis
Entegris reported net sales of $883.2 for the second quarter ended June 27, 2026, compared with $792.4 in the prior-year period and $811.9 in the prior quarter. GAAP net income was $93.6, compared with $52.8 and $92.0, respectively. GAAP diluted earnings per common share was $0.61, versus $0.35 in the prior-year period and $0.60 in the prior quarter. Management attributed the quarter to improving semiconductor demand and accelerating customer capital investments.
Profitability strengthened across the reported margin measures. GAAP gross margin was 47.6 %, compared with 44.4 % a year earlier and 46.9 % in the prior quarter. GAAP operating margin was 18.6 %, compared with 13.4 % and 17.4 %. On a non-GAAP basis, adjusted operating margin was 24.5 %, compared with 20.9 % and 23.6 %, while adjusted EBITDA margin was 28.4 %, compared with 27.3 % and 27.8 %.
The non-GAAP earnings measures also improved across both comparisons. Diluted non-GAAP earnings per common share was $0.93, compared with $0.66 in the prior-year period and $0.86 in the prior quarter. Selling, general and administrative expenses were 126.5, compared with 115.1 and 117.6. Management said its operational initiatives enhanced profitability and cash generation, although the provided filing text does not include quantified operating cash flow, free cash flow, cash, debt, or capital-return figures.
For the third quarter ending September 26, 2026, Entegris expects sales of $905 million to $935 million. The company guided GAAP net income to $116 million to $128 million, GAAP diluted earnings per common share to $0.75 to $0.83, non-GAAP net income to $148 million to $160 million, and non-GAAP diluted earnings per common share to $0.96 to $1.04. Adjusted EBITDA is expected to be approximately 28.0% to 29.0% of sales. No prior outlook was supplied, so actual results cannot be assessed against prior formal guidance ranges.
Management, verbatim
We delivered another strong quarter, exceeding our guidance across all key metrics as improving semiconductor demand and accelerating customer capital investments drove double-digit growth across both our unit and capex-related businesses. Our operational initiatives continued to enhance profitability and cash generation, further strengthening our financial position. The next phase of semiconductor investment is underway, and with market-leading positions across our portfolio, growing participation at the industry's most advanced technology nodes, and a strong innovation engine, we are uniquely positioned to translate this opportunity into sustained growth and long-term shareholder value.
Dave Reeder, President and Chief Executive Officer
Not in the filing
stated, not guessed- Reported segment revenue, segment profit, and segment growth rates for Materials Solutions and Advanced Purity Solutions were not included in the provided filing text.
- GAAP operating income was not available because the condensed consolidated statements of operations were truncated.
- Engineering, research and development expense comparison figures were not available because the applicable table row was truncated.
- GAAP income tax expense, effective tax rate, diluted weighted-average shares, and detailed non-GAAP reconciliations were not included in the provided filing text.
- Operating cash flow and free cash flow were not reported in the provided filing text.
- Cash, cash equivalents, total debt, and other balance-sheet figures were not included in the provided filing text.
- Share repurchases, dividend payments, and other quantified capital-return figures were not included in the provided filing text.
- Prior-quarter or prior-year revenue growth percentages were not printed for the reported metrics.
- Prior outlook was not provided.
AlphaAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.