Q1 2026 Entegris Inc Earnings Call Transcript
Key Points
- Entegris Inc (ENTG) reported a 5% increase in revenue for Q1 2026, slightly above the midpoint of their guidance range.
- The company achieved record performance in liquid filtration for the third consecutive quarter.
- Gross margins improved due to productivity and efficiency actions, with a structural improvement expected to continue.
- Free cash flow was strong at $144 million, representing 18% of sales, enabling a $50 million repayment of their term loan.
- The company expects mid- to high single-digit industry MSI growth for the remainder of 2026, driven by advanced logic and DRAM demand.
- CapEx-driven revenue decreased modestly year-over-year in Q1 2026 due to prior year tariff actions.
- The mainstream logic market, representing a third of their business, remains mixed with tempered MSI growth expected through 2026.
- China's revenue was modestly down in Q1 2026, impacted by dislocated order patterns from the previous year.
- The KSP facility remains dilutive to the P&L, expected to break even by the end of 2026 but still dilutive into 2027.
- There are concerns about inflationary pressures on raw materials, particularly due to geopolitical tensions in the Middle East.
Hello, and welcome to the Entegris' first-quarter 2026 earnings conference call.
(Operator Instructions)
I would now like to turn the call over to Jeffrey Schnell, VP of Investor Relations.
Good morning, everyone. Earlier today, we announced the financial results for the first-quarter of 2026. Before we begin, I would like to remind listeners that our comments today will include some forward-looking statements. These statements involve a number of risks and uncertainties, and actual results could differ materially from those projected in the forward-looking statements.
Additional information regarding these risks and uncertainties is contained in our most recent annual report and subsequent quarterly reports that we have filed with the SEC. Please refer to the information on the disclaimer slide in the presentation.
On this call, we will also refer to non-GAAP financial measures as defined by the SEC and Regulation G. You can find reconciliation tables in
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
