Abstract

Entegris will release its first-quarter 2026 results on April 30, 2026 Pre-Market, and this preview outlines consensus forecasts for revenue, profitability, and earnings alongside segment highlights and majority analyst views.

Market Forecast

Consensus forecasts for the current quarter indicate revenue of 808.72 million US dollars, EBIT of 182.63 million US dollars, and adjusted EPS of 0.75, implying year-over-year growth of 2.38%, 5.00%, and 8.98%, respectively. Forecast commentary points to improving product mix and cost normalization, with year-over-year gross margin expansion implied by EBIT/EPS trajectory and a stable to modestly higher net margin; adjusted EPS is expected to improve year over year. The company’s main business mix continues to be led by Advanced Planarization Solutions and Materials Solutions; demand recovery in core consumables and integrated materials is cited as the key near-term support. The most promising segment is Advanced Planarization Solutions, with last quarter revenue of 464.50 million US dollars and a recovery narrative tied to wafer starts and memory capacity additions.

Last Quarter Review

Entegris reported last quarter revenue of 823.90 million US dollars, a gross profit margin of 43.97%, GAAP net profit attributable to the parent company of 49.40 million US dollars with a net profit margin of 6.00%, and adjusted EPS of 0.70, with year-over-year movements of -3.05% for revenue, margin expansion implied at the gross line, GAAP net profit softness, and adjusted EPS down 16.67% year over year. A notable highlight was outperformance versus revenue consensus, helped by a richer mix and incremental efficiency gains that supported gross margin resilience despite end-market softness. Main business highlights included Advanced Planarization Solutions revenue of 464.50 million US dollars and Materials Solutions revenue of 361.80 million US dollars, with Advanced Planarization Solutions the larger contributor; the reported portfolio showed a minor accounting offset of -2.40 million US dollars.

Current Quarter Outlook

Main business momentum

For the current quarter, core Advanced Planarization Solutions and Materials Solutions are poised to benefit from steady wafer start stabilization and consumables restocking. The projected revenue of 808.72 million US dollars suggests a modest sequential normalization from a seasonally strong prior period, with EBIT of 182.63 million US dollars indicating operating leverage from manufacturing productivity and procurement tailwinds. The expected adjusted EPS of 0.75 implies year-over-year improvement, even as mix shifts remain sensitive to logic versus memory investments; the setup points to a constructive gross-to-operating margin bridge consistent with the low- to mid-single-digit revenue growth outlook.

Most promising business driver

Advanced Planarization Solutions appears best positioned to capture incremental demand as memory customers increase technology transitions and as leading-edge logic ramps sustain higher consumable intensity. With last quarter revenue of 464.50 million US dollars, this franchise offers exposure to nodes where defectivity control and performance consistency are critical. As utilization improves through the calendar year, unit demand for pads, slurries, and related consumables typically scales with wafer starts, providing a built-in volume lift; incremental mix toward higher-performance formulations can extend margin support if input cost stability holds.

Key stock price swing factors this quarter

Short-term share performance hinges on the quality of EPS outturn versus the 0.75 implied level, the gross margin cadence relative to last quarter’s 43.97%, and management’s color on order momentum into the June quarter. Guidance sensitivity to memory-led capex timing and export control dynamics remains a notable variable for demand visibility across China-related exposure and tool adjacencies. Commentary around inventory normalization at IDM and foundry customers, plus any update on operating expense discipline, could influence how investors underwrite the pace of margin recapture in the second half.

Analyst Opinions

Recent analyst and institutional commentary skews bullish, with the majority emphasizing incremental improvement in earnings power driven by cost discipline and early-cycle consumables recovery. Bullish viewpoints highlight the 2.38% year-over-year revenue uptick with 8.98% EPS growth potential as evidence of operating leverage, and they expect a gradual broadening of demand from leading-edge logic into a more synchronized memory recovery through 2026. A prominent view from major sell-side coverage underscores that consumables and integrated materials remain structurally advantaged versus capital equipment cycles, supporting a more durable margin profile; the emphasis remains on execution against procurement savings and selective price capture to defend the mid-40s gross margin zone. Overall, the prevailing expectation is that Entegris can meet or modestly exceed the quarter’s revenue and adjusted EPS forecasts, with a bias toward constructive guidance on gross margin trajectory and stable net margin.