Entegris (NASDAQ: ENTG) Q1 2026 revenue up 5% with solid Q2 outlook
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Entegris reported solid first-quarter 2026 growth with improved profitability and cash flow. Net sales were $811.9 million, up 5.0% year-over-year. GAAP diluted EPS rose to $0.60 from $0.41, while diluted non-GAAP EPS increased to $0.86 from $0.67.
GAAP gross margin was 46.9%, up from 46.1% a year ago and 43.8% in the prior quarter. Adjusted EBITDA was $226.1 million, or 27.8% of net sales. Operating cash flow reached $183.0 million, helping raise cash to $442.7 million and reduce long-term debt to $3,651.2 million.
By segment, Materials Solutions delivered $351.1 million of sales and 22.0% adjusted segment margin, while Advanced Purity Solutions generated $463.6 million of sales and 29.1% adjusted segment margin. For the second quarter of 2026, Entegris guides net sales to $815 million–$845 million, GAAP diluted EPS to $0.53–$0.61, and diluted non-GAAP EPS to $0.76–$0.84, with expected adjusted EBITDA margin of 27.0%–28.0%.
Positive
- Strong earnings growth: Q1 2026 net income rose to $92.0 million, up 46.3% year-over-year, with GAAP diluted EPS increasing to $0.60 from $0.41 and diluted non-GAAP EPS to $0.86 from $0.67.
- Healthy margins and cash flow: Adjusted operating margin improved to 23.6%, adjusted EBITDA margin was 27.8%, and operating cash flow reached $183.0 million, supporting debt reduction to $3,651.2 million.
- Segment strength in APS: Advanced Purity Solutions delivered 6.8% year-over-year sales growth to $463.6 million and a higher adjusted segment profit margin of 29.1%.
Negative
- None.
Insights
Entegris shows mid-single-digit growth with sharply higher earnings and strong cash generation.
Entegris grew Q1 2026 net sales 5.0% year-over-year to $811.9M while expanding GAAP operating margin to 17.4% from 15.8%. Net income jumped to $92.0M, up 46.3%, and diluted GAAP EPS rose to $0.60 from $0.41.
Non-GAAP metrics also strengthened. Adjusted operating margin improved to 23.6%, and adjusted EBITDA reached $226.1M, or 27.8% of sales. Segment performance was particularly strong in Advanced Purity Solutions, where adjusted segment profit margin rose to 29.1%, supported by liquid filtration and FOUPS demand.
Cash flow performance was robust: operating cash flow of $183.0M and free cash flow of $143.5M allowed long-term debt to decline to $3,651.2M. For Q2 2026, guidance implies sales of $815M–$845M and adjusted EBITDA margin of 27.0%–28.0%, broadly consistent with Q1 profitability.
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Q1 2026 Net Sales: $811.9 million
Q1 2026 GAAP Net Income: $92.0 million
Q1 2026 GAAP Diluted EPS: $0.60 per share
+5 more
8 metrics
Q1 2026 Net Sales
$811.9 million
Net sales for the quarter ended March 28, 2026; up 5.0% year-over-year
Q1 2026 GAAP Net Income
$92.0 million
Net income in Q1 2026; up 46.3% versus $62.9 million in Q1 2025
Q1 2026 GAAP Diluted EPS
$0.60 per share
Diluted earnings per common share, up from $0.41 in Q1 2025
Q1 2026 Diluted Non-GAAP EPS
$0.86 per share
Diluted non-GAAP earnings per common share, up from $0.67 in Q1 2025
Q1 2026 Adjusted EBITDA
$226.1 million
Adjusted EBITDA in Q1 2026; 27.8% of net sales
Operating Cash Flow
$183.0 million
Net cash provided by operating activities in Q1 2026
Long-Term Debt
$3,651.2 million
Long-term debt balance as of March 28, 2026; down from $3,697.6 million at December 31, 2025
Q2 2026 Net Sales Guidance
$815–$845 million
Company outlook for net sales for the quarter ending June 27, 2026
Key Terms
Adjusted EBITDA, Non-GAAP net income, Adjusted operating margin, Segment profit, +1 more
5 terms
Adjusted EBITDA financial
"Adjusted EBITDA - as a % of net sales | 27.8 | %"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
Non-GAAP net income financial
"Non-GAAP net income | $132.5 | $101.5 | $106.5"
Non-GAAP net income is a company's profit figure that excludes certain costs or income that are included in standard accounting methods. Companies often use it to show what their earnings might look like without one-time expenses or other unusual items, helping investors see the company's core performance more clearly.
Adjusted operating margin financial
"Adjusted operating margin - as a % of net sales | 23.6 | %"
Adjusted operating margin shows how much profit a company makes from its core business activities, after removing unusual or one-time costs and income. It helps investors see the company's true profitability by providing a clearer picture, similar to removing unexpected expenses to understand the regular performance. This metric is useful for comparing companies or tracking performance over time, as it highlights consistent earning power.
Segment profit financial
"Segment profit | Mar 28, 2026 | Mar 29, 2025 | Dec 31, 2025"
Segment profit is the portion of a company's earnings produced by a single business unit or division after subtracting the costs directly tied to that unit. It shows how much money that part of the company actually contributes, like checking which room in a house uses most of the electricity. Investors use it to identify strong or weak businesses inside a company, guide capital allocation, and make clearer comparisons between divisions.
Free Cash Flow financial
"Free Cash Flow1 143.5 32.4 134.0"
Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.
Earnings Snapshot
Net Sales: $811.9 million · Guidance included
Q1 2026
Net Sales
$811.9 million
+5.0% year-over-year
GAAP Net Income
$92.0 million
+46.3% year-over-year
GAAP Diluted EPS
$0.60
+46.3% year-over-year
Non-GAAP Net Income
$132.5 million
+30.5% year-over-year
Diluted Non-GAAP EPS
$0.86
+28.4% year-over-year
Adjusted EBITDA Margin
27.8%
-0.7 percentage points year-over-year
Guidance
For Q2 2026, Entegris expects net sales of $815–$845 million, GAAP diluted EPS of $0.53–$0.61, diluted non-GAAP EPS of $0.76–$0.84, and adjusted EBITDA margin of 27.0%–28.0%.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________________________________
FORM 8-K
________________________________________
CURRENT REPORT
PURSUANT TO SECTIONS 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) April 30, 2026
 | ||
_______________________________________
Entegris, Inc.
(Exact name of registrant as specified in its charter)
_______________________________________
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||||||||
(978 ) 436-6500
(Registrant’s telephone number, including area code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
___________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On April 30, 2026 , Entegris, Inc. (the "Company") issued a press release to announce results for the first quarter of 2026 and will hold a conference call to discuss such results. A copy of this press release and the supplemental slides to which management will refer during the conference call are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively, and are incorporated herein by reference.
In accordance with General Instructions B.2 of Form 8-K, the information in this Item 2.02 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing. The information set forth herein will not be deemed an admission as to the materiality of any information required to be disclosed solely to satisfy the requirements of Regulation FD.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| EXHIBIT INDEX | ||||||||
| Exhibit No. | Description | |||||||
| 99.1 | Press Release, dated April 30, 2026 | |||||||
| 99.2 | First Quarter Earnings Release Presentation Slides, dated April 30, 2026 | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| ENTEGRIS, INC. | ||||||||
Dated: April 30, 2026 | By: | /s/ Michael D. Sauer | ||||||
| Name: | Michael D. Sauer | |||||||
| Title: | Vice President, Chief Accounting Officer and Interim Chief Financial Officer | |||||||
 | PRESS RELEASE Jeffrey Schnell Vice President, Investor Relations T + 1 201 207 3029 jeffrey.schnell@entegris.com | |||||||||||||
Exhibit 99.1
ENTEGRIS REPORTS RESULTS FOR FIRST QUARTER OF 2026
•Net sales of $812 million.
•GAAP diluted EPS of $0.60.
•Non-GAAP diluted EPS of $0.86.
BILLERICA, Mass., April 30, 2026 - Entegris, Inc. (NASDAQ: ENTG), today reported its financial results for the Company’s first quarter ended March 28, 2026.
Dave Reeder, Entegris’ President and Chief Executive Officer, said: “Entegris delivered solid first quarter results, continuing our trend of disciplined execution and focused customer engagement. Revenue grew 5% year-over-year, primarily driven by increasing unit-driven volumes related to the industry’s most advanced manufacturing processes. Adjusted gross margin, adjusted EBITDA margin and non-GAAP EPS all exceeded our guidance range. Strong cash generation allowed us to reduce leverage while continuing to invest in our customers’ technology roadmaps.”
Mr. Reeder added: “Despite geopolitical tensions, the semiconductor market continues to improve, driven by accelerating AI-related demand. This momentum is reflected in strengthening order patterns across our portfolio. Entegris’ differentiated product portfolio is well positioned to capture incremental content from industry node migrations and manufacturing capacity expansions.”
Quarterly Financial Results Summary
(in millions, except percentages and per share data)
| GAAP Results | Mar 28, 2026 | Mar 29, 2025 | Dec 31, 2025 | ||||||||
| Net sales | $811.9 | $773.2 | $823.9 | ||||||||
| Gross margin - as a % of net sales | 46.9 | % | 46.1 | % | 43.8 | % | |||||
| Operating margin - as a % of net sales | 17.4 | % | 15.8 | % | 12.7 | % | |||||
| Net income | $92.0 | $62.9 | $49.4 | ||||||||
| Diluted earnings per common share | $0.60 | $0.41 | $0.32 | ||||||||
| Non-GAAP Results | Mar 28, 2026 | Mar 29, 2025 | Dec 31, 2025 | ||||||||
| Adjusted gross margin - as a % of net sales | 46.9 | % | 46.1 | % | 44.0 | % | |||||
| Adjusted operating margin - as a % of net sales | 23.6 | % | 22.1 | % | 21.2 | % | |||||
| Adjusted EBITDA - as a % of net sales | 27.8 | % | 28.5 | % | 27.7 | % | |||||
| Diluted non-GAAP earnings per common share | $0.86 | $0.67 | $0.70 | ||||||||
Second Quarter of 2026 Outlook
For the Company’s guidance for the second quarter ending June 27, 2026, the Company expects sales of $815 million to $845 million. We expect GAAP net income to be between $82 million and $94 million and diluted earnings per common share is expected to be between $0.53 and $0.61. On a non-GAAP basis, the Company expects diluted earnings per common share to range from $0.76 to $0.84, reflecting net income on a non-GAAP basis in the range of $116 million to $129 million. The Company also expects Adjusted EBITDA of approximately 27.0% to 28.0% of sales.
Segment Results
The Company currently operates in two segments:
Materials Solutions (MS): MS provides materials-based solutions, such as chemical vapor and atomic layer deposition materials, chemical mechanical planarization slurries and pads, ion implantation specialty gases, formulated etch and clean materials, and other specialty materials that enable our customers to achieve better device performance and faster time to yield, while providing for lower total cost of ownership.
Advanced Purity Solutions (APS): APS offers filtration, purification and contamination-control solutions that improve customers’ yield, device reliability and cost by ensuring the purity of critical liquid chemistries and gases and the cleanliness of wafers and other substrates used throughout semiconductor manufacturing processes, the semiconductor ecosystem and other high-technology industries.
First Quarter Results Conference Call
Entegris will hold a conference call to discuss its results for the first quarter on Thursday, April 30, 2026, at 8:00 a.m. Eastern Time. Participants should dial 833-316-1983 or +1 785-838-9310, referencing confirmation ID: ENTGQ126. Participants are asked to dial in 10 minutes prior to the start of the call. For the live webcast and replay of the call, please Click Here.
Management’s slide presentation concerning the results for the first quarter will be posted on the Investor Relations section of www.entegris.com.
About Entegris
Entegris is a leading supplier of critical advanced materials and process solutions for the semiconductor and other high-technology industries. Entegris has approximately 7,700 employees throughout its global operations and is ISO 9001 certified. It has manufacturing, customer service and/or research facilities in the United States, Canada, China, Germany, Israel, Japan, Malaysia, Singapore, South Korea, and Taiwan. Additional information can be found at www.entegris.com.
Non-GAAP Information
The Company’s condensed consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States (GAAP). Adjusted Net Sales, Adjusted EBITDA, Adjusted Gross Profit, Adjusted Segment Profit, Adjusted Operating Income, non-GAAP Net Income, non-GAAP Adjusted Operating Margin and diluted non-GAAP Earnings Per Common Share, together with related measures thereof, are considered “non-GAAP financial measures” under the rules and regulations of the Securities and Exchange Commission. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. The Company provides supplemental non-GAAP financial measures to better understand and manage its business and believes these measures provide investors and analysts additional and meaningful information for the assessment of the Company’s ongoing results. Management also uses these non-GAAP measures to assist in the evaluation of the performance of its business segments and to make operating decisions. Management believes that the Company’s non-GAAP measures help indicate the Company’s baseline performance before certain gains, losses or other charges that may not be indicative of the Company’s business or future outlook, and that non-GAAP measures offer a more consistent view of business performance. The Company believes the non-GAAP measures aid investors’ overall understanding of the Company’s results by providing a higher degree of transparency for such items and providing a level of disclosure that will help investors generally understand how management plans, measures and evaluates the Company’s business performance. Management believes that the inclusion of non-GAAP measures provides greater consistency in its financial reporting and facilitates investors’ understanding of the Company’s historical operating trends by providing an additional basis for comparisons to prior periods. The reconciliations of GAAP net sales to Adjusted Net Sales (excluding divestiture), GAAP gross profit to Adjusted Gross Profit, GAAP segment profit to Adjusted Operating Income, GAAP net income to Adjusted Operating Income and Adjusted EBITDA, GAAP net income and diluted earnings per common share to non-GAAP Net Income and diluted non-GAAP Earnings Per Common Share and GAAP outlook to non-GAAP outlook are included elsewhere in this release.
Entegris, Inc. - page 2 of 12
Cautionary Note on Forward-Looking Statements
This news release contains “forward-looking statements.” The words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “should,” “may,” “will,” “would” or the negative thereof and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are based on current management expectations and assumptions only as of the date of this news release. They are not guarantees of future performance and they involve substantial risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements. These risks and uncertainties include, but are not limited to, fluctuations in the demand for semiconductors and the overall volume of semiconductor manufacturing; the impact of global economic uncertainty, including financial market volatility, which may result in lower consumer spending, inflationary pressures, a higher interest rate environment, an economic recession, and bank instability; supply chain interruptions and the Company’s dependence on sole, single, and limited source suppliers and related raw material shortages and cost increases; operational, political, legal and other risks associated with the Company’s international operations, including challenges in hiring and integrating workers in different countries, maintaining appropriate business practices across the varied jurisdictions in which we operate, and engaging and managing global, regional and local third-party service providers and risks related to geopolitical uncertainty and regional and global instabilities and hostilities, including, but not limited to, the ongoing conflicts between Ukraine and Russia, and conflicts in the Middle East, as well as the global responses thereto; export controls, economic sanctions, and similar restrictions; the concentration and consolidation of the Company’s customer base; the Company’s ability to meet rapid demand shifts; the Company’s ability to continue technological innovation and to introduce new products to meet customers’ rapidly changing requirements; manufacturing and other operational disruptions or delays; IT system failures, network disruptions, and cybersecurity risks; tariffs, additional taxes and other protectionist measures resulting from international trade disputes, strained international relations and changes in foreign and national security policy; the risks associated with the use and manufacture of hazardous materials; goodwill impairment; challenges in attracting and retaining qualified personnel; the Company’s ability to protect and enforce intellectual property rights; artificial intelligence; the Company’s environmental, social, and governance commitments; legal and regulatory risks, including changes in laws and regulations related to the environment, health and safety, accounting standards, and corporate governance, across the jurisdictions in which the Company operates; changes in taxation or adverse tax rulings; the ability to obtain government incentives and the possibility that competitors will benefit from government incentives for which the Company does not qualify; the amount and consequences of the Company’s indebtedness, the Company’s ability to repay its debt and to obtain future financing, and the Company’s obligations under its current outstanding credit facilities; volatility in the Company’s stock price; the payment of cash dividends and the adoption of future share repurchase programs; the Company’s ability to effectively implement any organizational changes; substantial competition; the Company’s ability to identify, complete and integrate acquisitions, joint ventures, divestitures or other similar transactions; the impacts of climate change; and other matters. These risks and uncertainties also include, but are not limited to, the risk factors and additional information described in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the Securities and Exchange Commission (the “SEC”) on February 11, 2026, including under the heading “Risk Factors” in Item 1A, and in the Company’s other periodic filings with the SEC. Except as required under the federal securities laws and the rules and regulations of the SEC, the Company undertakes no obligation to update any forward-looking statements or information contained herein, which speak as of their respective dates.
Entegris, Inc. - page 3 of 12
Entegris, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations
(In millions, except per share data)
(Unaudited)
| Three months ended | ||||||||||||||
| Mar 28, 2026 | Mar 29, 2025 | Dec 31, 2025 | ||||||||||||
| Net sales | $811.9 | $773.2 | $823.9 | |||||||||||
| Cost of sales | 431.1 | 416.7 | 463.3 | |||||||||||
| Gross profit | 380.8 | 356.5 | 360.6 | |||||||||||
| Selling, general and administrative expenses | 117.6 | 103.3 | 130.4 | |||||||||||
| Engineering, research and development expenses | 75.3 | 84.8 | 79.0 | |||||||||||
| Amortization of intangible assets | 46.3 | 46.1 | 46.3 | |||||||||||
| Operating income | 141.6 | 122.3 | 104.9 | |||||||||||
| Interest expense, net | 47.0 | 49.6 | 45.7 | |||||||||||
| Other expense, net | 1.4 | 1.3 | 4.1 | |||||||||||
| Income before income tax expense | 93.2 | 71.4 | 55.1 | |||||||||||
| Income tax expense | 1.0 | 8.2 | 5.5 | |||||||||||
| Equity in net loss of affiliates | 0.2 | 0.3 | 0.2 | |||||||||||
| Net income | $92.0 | $62.9 | $49.4 | |||||||||||
| Basic earnings per common share | $0.60 | $0.42 | $0.33 | |||||||||||
| Diluted earnings per common share | $0.60 | $0.41 | $0.32 | |||||||||||
| Weighted average shares outstanding: | ||||||||||||||
| Basic | 152.3 | 151.4 | 151.9 | |||||||||||
| Diluted | 153.2 | 152.0 | 152.5 | |||||||||||
Entegris, Inc. - page 4 of 12
Entegris, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(In millions)
(Unaudited)
| Mar 28, 2026 | Dec 31, 2025 | ||||||||||||||||
| ASSETS | |||||||||||||||||
| Current assets: | |||||||||||||||||
| Cash and cash equivalents | $442.7 | $360.4 | |||||||||||||||
| Trade accounts and notes receivable, net | 529.5 | 458.7 | |||||||||||||||
| Inventories, net | 644.4 | 643.2 | |||||||||||||||
| Deferred tax charges and refundable income taxes | 29.0 | 35.1 | |||||||||||||||
| Other current assets | 140.4 | 140.8 | |||||||||||||||
| Total current assets | 1,786.0 | 1,638.2 | |||||||||||||||
| Property, plant and equipment, net | 1,636.6 | 1,636.1 | |||||||||||||||
| Right-of-use assets | 116.5 | 108.7 | |||||||||||||||
| Goodwill | 3,947.6 | 3,946.7 | |||||||||||||||
| Intangible assets, net | 860.7 | 906.9 | |||||||||||||||
| Deferred tax assets and other noncurrent tax assets | 110.0 | 91.6 | |||||||||||||||
| Other noncurrent assets | 17.7 | 22.3 | |||||||||||||||
| Total assets | $8,475.1 | $8,350.5 | |||||||||||||||
| LIABILITIES AND EQUITY | |||||||||||||||||
| Current liabilities | |||||||||||||||||
| Accounts payable | $209.0 | $171.5 | |||||||||||||||
| Accrued liabilities | 255.9 | 234.7 | |||||||||||||||
| Income taxes payable | 90.7 | 82.4 | |||||||||||||||
| Total current liabilities | 555.6 | 488.6 | |||||||||||||||
| Long-term debt | 3,651.2 | 3,697.6 | |||||||||||||||
| Long-term lease liabilities | 106.3 | 98.6 | |||||||||||||||
| Other liabilities | 112.8 | 112.3 | |||||||||||||||
| Shareholders’ equity | 4,049.2 | 3,953.4 | |||||||||||||||
| Total liabilities and equity | $8,475.1 | $8,350.5 | |||||||||||||||
Entegris, Inc. - page 5 of 12
Entegris, Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows
(In millions)
(Unaudited)
| Three months ended | ||||||||
| Mar 28, 2026 | Mar 29, 2025 | |||||||
| Operating activities: | ||||||||
| Net income | $92.0 | $62.9 | ||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Depreciation | 34.1 | 49.9 | ||||||
| Amortization | 46.3 | 46.1 | ||||||
| Share-based compensation expense | 16.7 | 13.4 | ||||||
| Provision for deferred income taxes | (18.5) | (16.2) | ||||||
| Other | 20.2 | 19.2 | ||||||
| Changes in operating assets and liabilities: | ||||||||
| Trade accounts and notes receivable | (72.1) | (1.5) | ||||||
| Inventories | (15.3) | (45.2) | ||||||
| Accounts payable and accrued liabilities | 63.8 | 9.6 | ||||||
| Income taxes payable and refundable income taxes | 14.4 | 5.6 | ||||||
| Other | 1.4 | (3.4) | ||||||
| Net cash provided by operating activities | 183.0 | 140.4 | ||||||
| Investing activities: | ||||||||
| Acquisition of property, plant and equipment | (41.5) | (108.0) | ||||||
Proceeds from government incentives | 2.0 | — | ||||||
| Other | 1.1 | (0.3) | ||||||
| Net cash used in investing activities | (38.4) | (108.3) | ||||||
| Financing activities: | ||||||||
| Proceeds from debt | 65.0 | 180.0 | ||||||
| Payments of debt | (115.0) | (180.0) | ||||||
| Payments for dividends | (15.4) | (15.4) | ||||||
| Issuance of common stock | 14.3 | 1.4 | ||||||
| Taxes paid related to net share settlement of equity awards | (10.1) | (8.0) | ||||||
| Other | (0.4) | (0.4) | ||||||
| Net cash used in financing activities | (61.6) | (22.4) | ||||||
| Effect of exchange rate changes on cash and cash equivalents | (0.7) | 2.0 | ||||||
| Increase in cash and cash equivalents | 82.3 | 11.7 | ||||||
| Cash and cash equivalents at beginning of period | 360.4 | 329.2 | ||||||
| Cash and cash equivalents at end of period | $442.7 | $340.9 | ||||||
Entegris, Inc. - page 6 of 12
Entegris, Inc. and Subsidiaries
Segment Information
(In millions)
(Unaudited)
| Three months ended | |||||||||||
| Net sales | Mar 28, 2026 | Mar 29, 2025 | Dec 31, 2025 | ||||||||
| Materials Solutions | $351.1 | $341.4 | $361.8 | ||||||||
| Advanced Purity Solutions | 463.6 | 433.9 | 464.5 | ||||||||
| Inter-segment elimination | (2.8) | (2.1) | (2.4) | ||||||||
| Total net sales | $811.9 | $773.2 | $823.9 | ||||||||
| Three months ended | |||||||||||
| Segment profit | Mar 28, 2026 | Mar 29, 2025 | Dec 31, 2025 | ||||||||
| Materials Solutions | $75.9 | $75.0 | $63.9 | ||||||||
| Advanced Purity Solutions | 133.6 | 108.1 | 104.2 | ||||||||
| Total segment profit | 209.5 | 183.1 | 168.1 | ||||||||
| Amortization of intangibles | (46.3) | (46.1) | (46.3) | ||||||||
| Unallocated expenses | (21.6) | (14.7) | (16.9) | ||||||||
| Total operating income | $141.6 | $122.3 | $104.9 | ||||||||
Entegris, Inc. - page 7 of 12
Entegris, Inc. and Subsidiaries
Reconciliation of GAAP Gross Profit to Adjusted Gross Profit
(In millions)
(Unaudited)
| Three months ended | |||||||||||
| Mar 28, 2026 | Mar 29, 2025 | Dec 31, 2025 | |||||||||
| Net sales | $811.9 | $773.2 | $823.9 | ||||||||
| Gross profit-GAAP | $380.8 | $356.5 | $360.6 | ||||||||
| Adjustments to gross profit: | |||||||||||
Restructuring costs (1) | 0.3 | 0.2 | 1.7 | ||||||||
| Adjusted gross profit | $381.1 | $356.7 | $362.3 | ||||||||
| Gross margin - as a % of net sales | 46.9 | % | 46.1 | % | 43.8 | % | |||||
| Adjusted gross margin - as a % of net sales | 46.9 | % | 46.1 | % | 44.0 | % | |||||
(1) Restructuring charges resulting from discrete cost saving initiatives inclusive of employee termination benefit and contract termination costs, primarily related to (i) an internal reorganization, combining two complementary divisions into one and realigning our customer facing organization and (ii) workforce reductions and contract termination costs.
Entegris, Inc. - page 8 of 12
Entegris, Inc. and Subsidiaries
Reconciliation of GAAP Segment Profit to Adjusted Operating Income
(In millions)
(Unaudited)
| Three months ended | |||||||||||
| Adjusted segment profit | Mar 28, 2026 | Mar 29, 2025 | Dec 31, 2025 | ||||||||
| MS segment profit | $75.9 | $75.0 | $63.9 | ||||||||
Restructuring costs (1) | 1.2 | 0.1 | 0.9 | ||||||||
Loss on sale of business (2) | — | — | 10.9 | ||||||||
| MS adjusted segment profit | $77.1 | $75.1 | $75.7 | ||||||||
| APS segment profit | $133.6 | $108.1 | $104.2 | ||||||||
Restructuring costs (1) | 1.5 | 2.3 | 10.8 | ||||||||
| APS adjusted segment profit | $135.1 | $110.4 | $115.0 | ||||||||
| Unallocated general and administrative expenses | $21.6 | $14.7 | $16.9 | ||||||||
Less: unallocated restructuring costs (1) | (1.4) | — | (0.6) | ||||||||
| Adjusted unallocated general and administrative expenses | $20.2 | $14.7 | $16.3 | ||||||||
| Total adjusted segment profit | $212.2 | $185.5 | $190.7 | ||||||||
| Less: adjusted unallocated general and administrative expenses | (20.2) | (14.7) | (16.3) | ||||||||
| Total adjusted operating income | $192.0 | $170.8 | $174.4 | ||||||||
(1) Restructuring charges resulting from discrete cost saving initiatives inclusive of employee termination benefit and contract termination costs, primarily related to (i) an internal reorganization, combining two complementary divisions into one and realigning our customer facing organization and (ii) workforce reductions and contract termination costs.
(2) Non-recurring net loss from the sale of a small, industrial specialty chemicals business.
Entegris, Inc. - page 9 of 12
Entegris, Inc. and Subsidiaries
Reconciliation of GAAP Net Income to Adjusted Operating Income and Adjusted EBITDA
(In millions)
(Unaudited)
| Three months ended | |||||||||||
| Mar 28, 2026 | Mar 29, 2025 | Dec 31, 2025 | |||||||||
| Net sales | $811.9 | $773.2 | $823.9 | ||||||||
| Net income | $92.0 | $62.9 | $49.4 | ||||||||
| Net income - as a % of net sales | 11.3 | % | 8.1 | % | 6.0 | % | |||||
| Adjustments to net income: | |||||||||||
| Equity in net loss of affiliates | 0.2 | 0.3 | 0.2 | ||||||||
| Income tax expense | 1.0 | 8.2 | 5.5 | ||||||||
| Interest expense, net | 47.0 | 49.6 | 45.7 | ||||||||
| Other expense, net | 1.4 | 1.3 | 4.1 | ||||||||
| GAAP - Operating income | 141.6 | 122.3 | 104.9 | ||||||||
| Operating margin - as a % of net sales | 17.4 | % | 15.8 | % | 12.7 | % | |||||
Restructuring costs (1) | 4.1 | 2.4 | 12.3 | ||||||||
Loss on sale of business (2) | — | — | 10.9 | ||||||||
Amortization of intangible assets (3) | 46.3 | 46.1 | 46.3 | ||||||||
| Adjusted operating income | 192.0 | 170.8 | 174.4 | ||||||||
| Adjusted operating margin - as a % of net sales | 23.6 | % | 22.1 | % | 21.2 | % | |||||
| Depreciation | 34.1 | 49.9 | 53.7 | ||||||||
| Adjusted EBITDA | $226.1 | $220.7 | $228.1 | ||||||||
| Adjusted EBITDA - as a % of net sales | 27.8 | % | 28.5 | % | 27.7 | % | |||||
(1) Restructuring charges resulting from discrete cost saving initiatives inclusive of employee termination benefit and contract termination costs, primarily related to (i) an internal reorganization, combining two complementary divisions into one and realigning our customer facing organization and (ii) workforce reductions, contract termination costs.
(2 )Non-recurring net loss from the sale of a small, industrial specialty chemicals business.
(3) Non-cash amortization expense associated with intangibles acquired in acquisitions.
Entegris, Inc. - page 10 of 12
Entegris, Inc. and Subsidiaries
Reconciliation of GAAP Net Income and Diluted Earnings per Common Share to Non-GAAP Net Income and Diluted Non-GAAP Earnings per Common Share
(In millions, except per share data)
(Unaudited)
| Three months ended | |||||||||||
| Mar 28, 2026 | Mar 29, 2025 | Dec 31, 2025 | |||||||||
| GAAP net income | $92.0 | $62.9 | $49.4 | ||||||||
| Adjustments to net income: | |||||||||||
Restructuring costs (1) | 4.1 | 2.4 | 12.3 | ||||||||
Loss on extinguishment of debt (2) | 0.5 | — | 1.5 | ||||||||
Loss on sale of business (3) | — | — | 10.9 | ||||||||
Amortization of intangible assets (4) | 46.3 | 46.1 | 46.3 | ||||||||
Tax effect of adjustments to net income and discrete tax items (5) | (10.4) | (9.9) | (13.9) | ||||||||
| Non-GAAP net income | $132.5 | $101.5 | $106.5 | ||||||||
| Diluted earnings per common share | $0.60 | $0.41 | $0.32 | ||||||||
| Effect of adjustments to net income | $0.26 | $0.25 | $0.37 | ||||||||
| Diluted non-GAAP earnings per common share | $0.86 | $0.67 | $0.70 | ||||||||
| Diluted weighted averages shares outstanding | 153.2 | 152.0 | 152.5 | ||||||||
(1) Restructuring charges resulting from discrete cost saving initiatives inclusive of employee termination benefit and contract termination costs, primarily related to (i) an internal reorganization, combining two complementary divisions into one and realigning our customer facing organization and (ii) workforce reductions and contract termination costs.
(2) Loss on extinguishment of debt of our Term Loan Facility in 2025 and 2026.
(3) Non-recurring net loss from the sale of a small, industrial specialty chemicals business.
(4) Non-cash amortization expense associated with intangibles acquired in acquisitions.
(5) The tax effect of pre-tax adjustments to net income was calculated using the applicable marginal tax rate for each respective year.
Entegris, Inc. - page 11 of 12
Entegris, Inc. and Subsidiaries
Reconciliation of GAAP Outlook to Non-GAAP Outlook *
(In millions, except per share data)
(Unaudited)
Second Quarter Outlook | |||||
| Reconciliation GAAP Operating Margin to non-GAAP Operating Margin and Adjusted EBITDA Margin | June 27, 2026 | ||||
| Net sales | $815 - $845 | ||||
| GAAP - Operating income | $139 - $155 | ||||
| Operating margin - as a % of net sales | 17.1% - 18.4% | ||||
| Amortization of intangible assets | 46 | ||||
| Adjusted operating income | $185 - $201 | ||||
| Adjusted operating margin - as a % of net sales | 22.7% - 23.8% | ||||
| Depreciation | 35 | ||||
| Adjusted EBITDA | $220 - $236 | ||||
| Adjusted EBITDA - as a % of net sales | 27.0% - 28.0% | ||||
| Second Quarter Outlook | |||||
| Reconciliation GAAP net income to non-GAAP net income | June 27, 2026 | ||||
| GAAP net income | $82 - $94 | ||||
| Adjustments to net income: | |||||
| Amortization of intangible assets | 46 | ||||
| Income tax effect | (11) | ||||
| Non-GAAP net income | $116 - $129 | ||||
| Second Quarter Outlook | |||||
| Reconciliation GAAP diluted earnings per share to non-GAAP diluted earnings per share | June 27, 2026 | ||||
| Diluted earnings per common share | $0.53 - $0.61 | ||||
| Adjustments to earnings per share: | |||||
| Amortization of intangible assets | 0.30 | ||||
| Income tax effect | (0.07) | ||||
| Diluted non-GAAP earnings per common share | $0.76 - $0.84 | ||||
| *As a result of displaying amounts in millions, rounding differences may exist in the tables. | |||||
### END ###
Entegris, Inc. - page 12 of 12
ENTEGRIS PROPRIETARY AND CONFIDENTIAL – INTERNAL First Quarter 2026 April 30, 2026 Entegris Earnings Summary EXHIBIT 99.2
2 Safe Harbor ENTEGRIS FIRST QUARTER 2026 EARNINGS SUMMARY This presentation contains “forward-looking statements.” The words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “should,” “may,” “will,” “would” or the negative thereof and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are based on current management expectations and assumptions only as of the date of this news release. They are not guarantees of future performance and they involve substantial risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements. These risks and uncertainties include, but are not limited to, fluctuations in the demand for semiconductors and the overall volume of semiconductor manufacturing; the impact of global economic uncertainty, including financial market volatility, which may result in lower consumer spending, inflationary pressures, a higher interest rate environment, an economic recession, and bank instability; supply chain interruptions and the Company’s dependence on sole, single, and limited source suppliers and related raw material shortages and cost increases; operational, political, legal and other risks associated with the Company’s international operations, including challenges in hiring and integrating workers in different countries, maintaining appropriate business practices across the varied jurisdictions in which we operate, and engaging and managing global, regional and local third-party service providers and risks related to geopolitical uncertainty and regional and global instabilities and hostilities, including, but not limited to, the ongoing conflicts between Ukraine and Russia, and conflicts in the Middle East, as well as the global responses thereto; export controls, economic sanctions, and similar restrictions; the concentration and consolidation of the Company’s customer base; the Company’s ability to meet rapid demand shifts; the Company’s ability to continue technological innovation and to introduce new products to meet customers’ rapidly changing requirements; manufacturing and other operational disruptions or delays; IT system failures, network disruptions, and cybersecurity risks; tariffs, additional taxes and other protectionist measures resulting from international trade disputes, strained international relations and changes in foreign and national security policy; the risks associated with the use and manufacture of hazardous materials; goodwill impairment; challenges in attracting and retaining qualified personnel; the Company’s ability to protect and enforce intellectual property rights; artificial intelligence; the Company’s environmental, social, and governance commitments; legal and regulatory risks, including changes in laws and regulations related to the environment, health and safety, accounting standards, and corporate governance, across the jurisdictions in which the Company operates; changes in taxation or adverse tax rulings; the ability to obtain government incentives and the possibility that competitors will benefit from government incentives for which the Company does not qualify; the amount and consequences of the Company’s indebtedness, the Company’s ability to repay its debt and to obtain future financing, and the Company’s obligations under its current outstanding credit facilities; volatility in the Company’s stock price; the payment of cash dividends and the adoption of future share repurchase programs; the Company’s ability to effectively implement any organizational changes; substantial competition; the Company’s ability to identify, complete and integrate acquisitions, joint ventures, divestitures or other similar transactions; the impacts of climate change; and other matters. These risks and uncertainties also include, but are not limited to, the risk factors and additional information described in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the Securities and Exchange Commission (the “SEC”) on February 11, 2026, including under the heading “Risk Factors” in Item 1A, and in the Company’s other periodic filings with the SEC. Except as required under the federal securities laws and the rules and regulations of the SEC, the Company undertakes no obligation to update any forward-looking statements or information contained herein, which speak as of their respective dates. This presentation contains references to "Adjusted Net Sales ", “Adjusted EBITDA,” “Adjusted EBITDA – as a % of Net Sales,” “Adjusted Operating Income,” “Adjusted Operating Margin,” “Adjusted Gross Profit,” “Adjusted Gross Margin – as a % of Net Sales,” “Adjusted Segment Profit,” “Adjusted Segment Profit Margin,” “Non-GAAP Operating Expenses,” “Non-GAAP Tax Rate,” “Non-GAAP Net Income,” “Diluted Non-GAAP Earnings per Common Share,” “Free Cash Flow,” and other measures that are not presented in accordance GAAP. The non-GAAP financial measures should not be considered in isolation or as a substitute for GAAP financial measures but should instead be read in conjunction with the GAAP financial measures. Further information with respect to and reconciliations of such measures to the most directly comparable GAAP measure can be found attached to this presentation.
3 Summary – Consolidated Statement of Operations GAAP ENTEGRIS FIRST QUARTER 2026 EARNINGS SUMMARY $ in millions, except per share data 1Q26 1Q25 4Q25 1Q26 over 1Q25 1Q26 over 4Q25 Net Sales $811.9 $773.2 $823.9 5.0% (1.5%) Gross Margin 46.9% 46.1% 43.8% Operating Expenses $239.2 $234.2 $255.7 2.1% (6.5%) Operating Income $141.6 $122.3 $104.9 15.8% 35.0% Operating Margin 17.4% 15.8% 12.7% Tax Rate 1.1% 11.5% 10.0% Net Income $92.0 $62.9 $49.4 46.3% 86.2% Diluted Earnings Per Common Share $0.60 $0.41 $0.32 46.3% 87.5%
4 Summary – Consolidated Statement of Operations Non-GAAP1 ENTEGRIS FIRST QUARTER 2026 EARNINGS SUMMARY $ in millions, except per share data 1Q26 1Q25 4Q25 1Q26 over 1Q25 1Q26 over 4Q25 Net Sales $811.9 $773.2 $823.9 5.0% (1.5%) Adjusted Gross Margin – as a % of Net Sales2 46.9% 46.1% 44.0% Non-GAAP Operating Expenses3 $189.1 $185.9 $187.9 1.7% 0.6% Adjusted Operating Income $192.0 $170.8 $174.4 12.4% 10.1% Adjusted Operating Margin 23.6% 22.1% 21.2% Non-GAAP Tax Rate4 7.9% 15.0% 15.4% Non-GAAP Net Income5 $132.5 $101.5 $106.5 30.5% 24.4% Diluted Non-GAAP Earnings Per Common Share $0.86 $0.67 $0.70 28.4% 22.9% Adjusted EBITDA $226.1 $220.7 $228.1 2.4% (0.9%) Adjusted EBITDA – as a % of Net Sales 27.8% 28.5% 27.7% 1.See GAAP to non-GAAP reconciliation tables in the appendix of this presentation. 2. Excludes restructuring costs. 3.Excludes amortization expense, restructuring costs, and loss on sale of small, industrial specialty chemicals business. 4.Reflects the tax effect of non-GAAP adjustments and discrete tax items to GAAP taxes. 5.Excludes the items noted in footnotes 2 and 3,and loss on extinguishment of debt in 2025 and 2026.
5 $ in millions 1Q26 1Q25 4Q25 1Q26 over 1Q25 1Q26 over 4Q25 Net Sales $351.1 $341.4 $361.8 2.8% (3.0%) Segment Profit $75.9 $75.0 $63.9 1.2% 18.8% Segment Profit Margin 21.6% 22.0% 17.7% Adj. Segment Profit1 $77.1 $75.1 $75.7 2.7% 1.8% Adj. Segment Profit Margin1 22.0% 22.0% 20.9% Sales increase (YOY) was primarily driven by advanced deposition materials, selective etch and CMP consumables Sales decrease (SEQ) was primarily driven by seasonality Adjusted segment profit margins were consistent with prior year (YOY) Adjusted segment profit margin (SEQ) increase was primarily due to improved performance across the manufacturing network Materials Solutions (MS) ENTEGRIS FIRST QUARTER 2026 EARNINGS SUMMARY 1Q26 Highlights 1.See GAAP to non-GAAP reconciliation tables in the appendix of this presentation.
6 Sales increase (YOY) was primarily driven by strong growth in liquid filtration and FOUPS. Sales were consistent with the prior quarter (SEQ). Adjusted segment profit margin increase (YOY and SEQ) was primarily driven by productivity and efficiency actions, product mix, and favorability from the useful life accounting change in Q126. $ in millions 1Q26 1Q25 4Q25 1Q26 over 1Q25 1Q26 over 4Q25 Net Sales $463.6 $433.9 $464.5 6.8% (0.2)% Segment Profit $133.6 $108.1 $104.2 23.6% 28.2% Segment Profit Margin 28.8% 24.9% 22.4% Adj. Segment Profit1 $135.1 $110.4 $115.0 22.4% 17.5% Adj. Segment Profit Margin1 29.1% 25.4% 24.8% Advanced Purity Solutions (APS) ENTEGRIS FIRST QUARTER 2026 EARNINGS SUMMARY 1Q26 Highlights 1.See GAAP to non-GAAP reconciliation tables in the appendix.
7 Summary – Balance Sheet Items ENTEGRIS FIRST QUARTER 2026 EARNINGS SUMMARY $ in millions 1Q26 1Q25 4Q25 $ Amount % Total $ Amount % Total $ Amount % Total Cash and Cash Equivalents $442.7 5.2% $340.9 4.0% $360.4 4.3% Accounts Receivable, Net $529.5 6.2% $500.5 5.9% $458.7 5.5% Inventories, Net $644.4 7.6% $671.5 8.0% $643.2 7.7% Net PP&E $1,636.6 19.3% $1,652.6 19.6% $1,636.1 19.6% Total Assets $8,475.1 $8,431.4 $8,350.5 Accounts Payable $209.0 2.5% $174.6 2.1% $171.5 2.1% Other Current Liabilities $346.6 4.1% $338.0 4.0% $317.1 3.8% Long-Term Debt $3,651.2 43.1% $3,984.5 47.3% $3,697.6 44.3% Total Liabilities $4,425.9 52.2% $4,682.0 55.5% $4,397.1 52.7% Total Shareholders’ Equity $4,049.2 47.8% $3,749.4 44.5% $3,953.4 47.3%
8 Summary – Cash Flows ENTEGRIS FIRST QUARTER 2026 EARNINGS SUMMARY $ in millions 1Q26 1Q25 4Q25 Beginning Cash Balance $360.4 $329.2 $399.8 Cash provided by operating activities 183.0 140.4 192.0 Capital expenditures (41.5) (108.0) (58.0) Proceeds from government incentives 2.0 — — Other investing activities 1.1 (0.3) (8.3) Net payments on debt (50.0) — (150.0) Payments for dividends (15.4) (15.4) (15.1) Other financing activities 3.8 (7.0) 2.3 Effect of exchange rates (0.7) 2.0 (2.3) Ending Cash Balance $442.7 $340.9 $360.4 Free Cash Flow1 143.5 32.4 134.0 1. Equals cash provided by operating activities less capital expenditures, net of proceeds from government incentives.
9 ENTEGRIS FIRST QUARTER 2026 EARNINGS SUMMARY 1.See GAAP to non-GAAP reconciliation tables in the appendix of this presentation. GAAP $ in millions, except share data 2Q26 Guidance 1Q26 Actual 4Q25 Actual Net Sales $815 - $845 $811.9 $823.9 Non-GAAP Operating Expenses1 $192 - $198 $189.1 $187.9 Non-GAAP Net Income1 $116 - $129 $132.5 $106.5 Diluted non-GAAP Earnings per Common Share1 $0.76 - $0.84 $0.86 $0.70 Adjusted EBITDA Margin1 27.0% - 28.0% 27.8% 27.7% Non-GAAP $ in millions, except share data 2Q26 Guidance 1Q26 Actual 4Q25 Actual Net Sales $815 - $845 $811.9 $823.9 Operating Expenses $238 - $244 $239.2 $255.7 Net Income $82 - $94 $92.0 $49.4 Diluted Earnings per Common Share $0.53 - $0.61 $0.60 $0.32 Operating Margin 17.1% - 18.4% 17.4% 12.7% Outlook
10 Appendix
11 Consolidated (as reported) Summary Financials Non-GAAP1 ENTEGRIS FIRST QUARTER 2026 EARNINGS SUMMARY $ in millions 1Q25 2Q25 3Q25 4Q25 FY2025 1Q26 Net Sales $773.2 $792.4 $807.1 $823.9 $3,196.6 $811.9 Adjusted Gross Margin % 46.1% 44.6% 43.6% 44.0% 44.6% 46.9% Non-GAAP Operating Expenses $185.9 $188.2 $181.3 $187.9 $743.3 $189.1 Adjusted Operating Income $170.8 $165.4 $170.3 $174.4 $680.9 $192.0 Adjusted Operating Margin 22.1% 20.9% 21.1% 21.2% 21.3% 23.6% Adjusted EBITDA $220.7 $216.7 $220.7 $228.1 $886.2 $226.1 Adjusted EBITDA % 28.5% 27.3% 27.3% 27.7% 27.7% 27.8% 1.See GAAP to non-GAAP reconciliation tables in the appendix of this presentation.
12 ENTEGRIS FIRST QUARTER 2026 EARNINGS SUMMARY Segment (as reported) Financials Non-GAAP1 Adjusted Segment Profit: MS $75.1 $75.5 $65.9 $75.7 $292.2 77.1 APS 110.4 105.8 119.2 115.0 450.4 135.1 Adjusted Segment Profit Margin: MS 22.0% 21.3% 18.9% 20.9% 20.8% 22.0% APS 25.4% 24.1% 25.9% 24.8% 25.0% 29.1% $ in millions 1Q25 2Q25 3Q25 4Q25 FY2025 1Q26 Net Sales: MS $341.4 $354.9 $348.6 $361.8 $1,406.7 $351.1 APS 433.9 439.9 460.8 464.5 1,799.1 463.6 Inter-segment elimination (2.1) (2.4) (2.3) (2.4) (9.2) (2.8) Total Sales $773.2 $792.4 $807.1 $823.9 $3,196.6 $811.9 1.See GAAP to non-GAAP reconciliation tables in the appendix of this presentation.
13 ENTEGRIS FIRST QUARTER 2026 EARNINGS SUMMARY 1. Restructuring charges resulting from discrete cost saving initiatives inclusive of employee termination benefit, contract termination costs and asset impairment charges, primarily related to (i) an internal reorganization, combining two complementary divisions into one and realigning our customer facing organization and (ii) workforce reductions, contract termination costs and the abandonment of certain capital equipment no longer necessary for the Company’s long-term objectives. $ in millions 1Q25 2Q25 3Q25 4Q25 FY2025 1Q26 Net Sales $773.2 $792.4 $807.1 $823.9 $3,196.6 $811.9 Gross profit - GAAP $356.5 $351.5 $351.3 $360.6 $1,419.9 $380.8 Adjustments to gross profit: Restructuring costs1 0.2 2.1 0.3 1.7 4.3 0.3 Adjusted Gross Profit $356.7 $353.6 $351.6 $362.3 $1,424.2 $381.1 Gross margin - as a % of net sales 46.1% 44.4% 43.5% 43.8% 44.4% 46.9% Adjusted gross margin - as a % of net sales 46.1% 44.6% 43.6% 44.0% 44.6% 46.9% Reconciliation of Gross Profit (as reported) to Adjusted Gross Profit
14 ENTEGRIS FIRST QUARTER 2026 EARNINGS SUMMARY 1. Restructuring charges resulting from discrete cost saving initiatives inclusive of employee termination benefit, contract termination costs and asset impairment charges, primarily related to (i) an internal reorganization, combining two complementary divisions into one and realigning our customer facing organization and (ii) workforce reductions and the abandonment of certain capital equipment no longer necessary for the Company’s long-term objectives. 2.Non-recurring net loss from the sale of a small, industrial specialty chemicals business. 3. Non-cash amortization expense associated with intangibles acquired in acquisitions. Reconciliation of GAAP Operating Expenses (as reported) to Non-GAAP $ in millions 1Q25 2Q25 3Q25 4Q25 FY2025 1Q26 GAAP Operating Expenses $234.2 $245.4 $228.7 $255.7 $964.0 $239.2 Adjustments to operating expenses: Restructuring costs1 2.2 11.2 1.4 10.6 25.4 3.8 Loss from sale of business2 — — — 10.9 10.9 — Amortization of intangible assets3 46.1 46.0 46.0 46.3 184.4 46.3 Non-GAAP operating expenses $185.9 $188.2 $181.3 $187.9 $743.3 $189.1
15 ENTEGRIS FIRST QUARTER 2026 EARNINGS SUMMARY 1.Restructuring charges resulting from discrete cost saving initiatives inclusive of employee termination benefit, contract termination costs and asset impairment charges, primarily related to (i) an internal reorganization, combining two complementary divisions into one and realigning our customer facing organization and (ii) workforce reductions, contract termination costs and the abandonment of certain capital equipment no longer necessary for the Company’s long-term objectives. $ in millions 1Q25 2Q25 3Q25 4Q25 FY2025 1Q26 MS segment profit $75.0 $72.5 $65.2 $63.9 $276.6 $75.9 Restructuring costs1 0.1 3.0 0.7 0.9 4.7 1.2 Loss from the sale of business — — — 10.9 10.9 — MS adjusted segment profit $75.1 $75.5 $65.9 $75.7 $292.2 $77.1 Reconciliation of APS Segment Profit to Adjusted APS Segment Profit Non-GAAP $ in millions 1Q25 2Q25 3Q25 4Q25 FY2025 1Q26 APS segment profit $108.1 $95.9 $118.2 $104.2 $426.4 $133.6 Restructuring costs1 2.3 9.9 1.0 10.8 24.0 1.5 APS adjusted segment profit $110.4 $105.8 $119.2 $115.0 $450.4 $135.1 Reconciliation of MS Segment Profit to Adjusted MS Segment Profit Non-GAAP
16 ENTEGRIS FIRST QUARTER 2026 EARNINGS SUMMARY 1. Restructuring charges resulting from discrete cost saving initiatives inclusive of employee termination benefit, contract termination costs and asset impairment charges, primarily related to (i) an internal reorganization, combining two complementary divisions into one and realigning our customer facing organization and (ii) workforce reductions, contract termination costs and the abandonment of certain capital equipment no longer necessary for the Company’s long-term objectives. 2.Non-recurring net loss from the sale of a small, industrial specialty chemicals business. 3. Non-cash amortization expense associated with intangibles acquired in acquisitions. Reconciliation of GAAP Net Income to Adjusted Operating Income and Adjusted EBITDA $ in millions 1Q25 2Q25 3Q25 4Q25 FY2025 1Q26 Net Sales $773.2 $792.4 $807.1 $823.9 $3,196.6 $811.9 Net income 62.9 52.8 70.5 49.4 235.6 92.0 Net income - as a % of net sales 8.1% 6.7% 8.7% 6.0% 7.4% 11.3% Adjustments to net income: Income tax expense 8.2 2.8 1.5 5.5 18.0 1.0 Interest expense, net 49.6 50.5 46.1 45.7 191.9 47.0 Other expense (income), net 1.3 (0.2) 4.2 4.1 9.4 1.4 Equity in net loss of affiliates 0.3 0.2 0.3 0.2 1.0 0.2 GAAP - Operating income $122.3 $106.1 $122.6 $104.9 $455.9 $141.6 Operating margin - as a % of net sales 15.8% 13.4% 15.2% 12.7% 14.3% 17.4% Restructuring costs1 2.4 13.3 1.7 12.3 29.7 4.1 Loss from sale of business2 — — — 10.9 10.9 — Amortization of intangible assets3 46.1 46.0 46.0 46.3 184.4 46.3 Adjusted operating income $170.8 $165.4 $170.3 $174.4 $680.9 $192.0 Adjusted operating margin - as a % of net sales 22.1% 20.9% 21.1% 21.2% 21.3% 23.6% Depreciation 49.9 51.3 50.4 53.7 205.3 34.1 Adjusted EBITDA $220.7 $216.7 $220.7 $228.1 $886.2 $226.1 Adjusted EBITDA - as a % of net sales 28.5% 27.3% 27.3% 27.7% 27.7% 27.8%
17 ENTEGRIS FIRST QUARTER 2026 EARNINGS SUMMARY 1. Restructuring charges resulting from discrete cost saving initiatives inclusive of employee termination benefit, contract termination costs and asset impairment charges, primarily related to (i) an internal reorganization, combining two complementary divisions into one and realigning our customer facing organization and (ii) workforce reductions, contract termination costs and the abandonment of certain capital equipment no longer necessary for the Company’s long-term objectives. 2.Non-recurring net loss from the sale of a small, industrial specialty chemicals business. 3.Non-cash amortization expense associated with intangibles acquired in acquisitions. 4. Loss on extinguishment of debt of our Term Loan Facility in 2025 and 2026. 5. The tax effect of pre-tax adjustments to net income was calculated using the applicable marginal tax rate for each respective year. Reconciliation of GAAP Net Income and Diluted Earnings per Common Share to Non-GAAP Net Income and Diluted Non-GAAP Earnings per Common Share $ in millions, except per share data 1Q25 2Q25 3Q25 4Q25 FY2025 1Q26 GAAP net income $62.9 $52.8 $70.5 $49.4 $235.6 $92.0 Restructuring costs1 2.4 13.3 1.7 12.3 29.7 4.1 Loss from the sale of business2 — — — 10.9 10.9 — Amortization of intangible assets3 46.1 46.0 46.0 46.3 184.4 46.3 Loss on extinguishment of debt4 — — 1.7 1.5 3.2 0.5 Tax effect of adjustments to net income and discrete items5 (9.9) (11.5) (10.0) (13.9) (45.3) (10.4) Non-GAAP net income 101.5 100.6 109.9 106.5 418.5 132.5 Diluted earnings per common share $0.41 $0.35 $0.46 $0.32 $1.55 $0.60 Effect of adjustments to net income $0.25 $0.31 $0.26 $0.37 $1.20 $0.26 Diluted non-GAAP earnings per common share $0.67 $0.66 $0.72 $0.70 $2.75 $0.86 Diluted weighted average shares outstanding $152.0 $151.9 $152.3 $152.5 $152.2 $153.2
18 ENTEGRIS FIRST QUARTER 2026 EARNINGS SUMMARY *As a result of displaying amounts in millions, rounding differences may exist in the tables. Reconciliation of GAAP Outlook to Non-GAAP Outlook* $ in millions Second Quarter Outlook Reconciliation GAAP operating expenses to non-GAAP operating expenses: June 27, 2026 GAAP operating expenses $238 - $244 Adjustments to net income: Amortization of intangible assets 46 Non-GAAP operating expenses $192 - $198 $ in millions Second Quarter Outlook Reconciliation GAAP net income to non-GAAP net income: June 27, 2026 GAAP net income $82 - $94 Adjustments to net income: Amortization of intangible assets 46 Income tax effect (11) Non-GAAP net income $116 - $129 $ in millions, except per share data Second Quarter Outlook Reconciliation GAAP diluted earnings per share to non-GAAP diluted earnings per share: June 27, 2026 Diluted earnings per common share $0.53 - $0.61 Adjustments to diluted earnings per common share: Amortization of intangible assets 0.30 Income tax effect (0.07) Diluted non-GAAP earnings per common share $0.76 - $0.84
19 ENTEGRIS FIRST QUARTER 2026 EARNINGS SUMMARY *As a result of displaying amounts in millions, rounding differences may exist in the tables. Reconciliation of GAAP Outlook to Non-GAAP Outlook* (continued) $ in millions Second Quarter Outlook Reconciliation GAAP operating income to non-GAAP operating income and adjusted EBITDA: June 27, 2026 Net sales $815 - $845 GAAP - Operating income $139 - $155 Operating margin - as a % of net sales 17.1% - 18.4% Restructuring costs — Amortization of intangible assets 46 Adjusted operating income $185 - $201 Adjusted operating margin - as a % of net sales 22.7% - 23.8% Depreciation 35 Adjusted EBITDA $220 - $236 Adjusted EBITDA - as a % of net sales 27.0% - 28.0%
FAQ
How did Entegris (ENTG) perform financially in Q1 2026?
Entegris delivered higher sales and profits in Q1 2026. Net sales were $811.9 million, up 5.0% year-over-year, while GAAP net income rose to $92.0 million and diluted GAAP EPS increased to $0.60 from $0.41 a year earlier.
What were Entegris (ENTG) key profitability margins in Q1 2026?
Entegris reported a GAAP gross margin of 46.9% in Q1 2026, with a GAAP operating margin of 17.4%. On a non-GAAP basis, adjusted operating margin reached 23.6% and adjusted EBITDA margin was 27.8% of net sales, indicating strong underlying profitability.
How did Entegris (ENTG) segments perform in Q1 2026?
Materials Solutions generated $351.1 million of net sales with an adjusted segment profit margin of 22.0%. Advanced Purity Solutions delivered $463.6 million of net sales and a higher adjusted segment profit margin of 29.1%, supported by liquid filtration and FOUPS growth.
What was Entegris (ENTG) cash flow and debt position after Q1 2026?
Entegris produced $183.0 million of cash from operating activities and free cash flow of $143.5 million in Q1 2026. Cash and cash equivalents increased to $442.7 million, while long-term debt declined to $3,651.2 million, strengthening the balance sheet.
What guidance did Entegris (ENTG) give for Q2 2026?
For Q2 2026, Entegris expects net sales between $815 million and $845 million. GAAP diluted EPS is guided to $0.53–$0.61, with diluted non-GAAP EPS of $0.76–$0.84 and an anticipated adjusted EBITDA margin in the 27.0%–28.0% range.
How did Entegris (ENTG) non-GAAP earnings change year-over-year in Q1 2026?
Non-GAAP earnings improved meaningfully. Non-GAAP net income increased to $132.5 million from $101.5 million a year earlier, while diluted non-GAAP EPS rose to $0.86 from $0.67, reflecting better margins and operating leverage on higher sales.