Entegris, Inc. (NASDAQ:ENTG) is among the 12 Best Tech Stocks that Beat Earnings Estimates. On February 11, 2026, Goldman Sachs raised its price target on Entegris, Inc. (NASDAQ:ENTG) to $95 from $75 and maintained a Sell rating after results and guidance came in above Street estimates. Goldman Sachs said the beat and outlook should support the stock in the near term, while noting Entegris remains focused on improving operational execution. Goldman Sachs added that it is looking for clearer signs of a sus ...

Core Viewpoint - Entegris (ENTG) shows potential as a strong investment opportunity due to significant revisions in earnings estimates, indicating an improving earnings outlook [1][10]. Earnings Estimate Revisions - Analysts have become increasingly optimistic about Entegris' earnings prospects, leading to a rising trend in estimate revisions, which is expected to positively impact the stock price [2]. - The consensus earnings estimate for the current quarter is projected at $0.75 per share, reflecting a year-over-year increase of +11.9%. Over the last 30 days, the estimate has risen by 13.57% with three upward revisions and no negative changes [6]. - For the full year, the earnings estimate is expected to be $3.41 per share, representing a +24.0% change from the previous year. The consensus estimate has increased by 6.27% over the same period, with three estimates moving higher and no negative revisions [7][8]. Zacks Rank and Performance - Entegris currently holds a Zacks Rank 1 (Strong Buy), which is based on the positive estimate revisions. This ranking system has a strong track record, with Zacks 1 stocks averaging an annual return of +25% since 2008 [3][9]. - Stocks rated Zacks Rank 1 and 2 (Buy) have been shown to significantly outperform the S&P 500 [9]. Recent Stock Performance - Entegris shares have appreciated by 12% over the past four weeks, indicating investor confidence in the company's earnings growth prospects due to the favorable estimate revisions [10].

股息支付安排：英特格有支付季度股息的记录，最近一次股息为每股0.10美元，于2025年8月20日支 付。下一期股息支付时间尚未在现有信息中披露，需留意公司公告。 战略举措进展：管理层在2025财年三季报会议中提及战略重点，如加速台湾和科罗拉多新工厂的认证与 投产，以及深化客户合作。这些事项可能影响长期业务，但未提供具体时间表。 财务报告发布：公司通常按季度发布财务报告，财报多在财季结束后约1-2个月内公布。投资者可关注 后续财报日程，例如2025财年第四季度报告(涵盖截至2025年12月的业绩)或2026财年第一季度报告的发 布窗口。历史数据显示，最近一份财报为2025年10月30日发布的2025财年三季报。 经济观察网基于最新公开信息，英特格(ENTG.US)作为半导体材料与设备供应商，以下事件可能值得关 注，主要依据2026年2月11日的媒体报道及近期数据。请注意，这些事件基于历史模式或管理层表述， 具体时间表可能未明确披露。 市场动态与机构观点：近期股价波动较大，例如2026年1月15日UBS将评级调高至"买入"，目标价145美 元。约67%的券商给予买入建议，但评级调整属已发生事件，其后续影响可能持续 ...

Core Viewpoint - Entegris Inc. (NASDAQ:ENTG) reached a new 52-week high due to a positive outlook for Q1, despite a poor earnings report in the previous quarter [1]. Financial Performance - The company aims to grow its net income by 3.3% to 22%, targeting $65 million to $77 million compared to $62.9 million in the same period last year [2]. - Net sales are projected to be between $785 million and $825 million, indicating an implied growth of 1.5% to 6.7% from $773.2 million reported in the same period a year earlier [2]. - Last year, Entegris experienced a 19.5% decline in net income, dropping to $235.6 million from $292.8 million in 2024, while net sales decreased by 1.2% to $3.2 billion from $3.24 billion year-on-year [3]. - For the fourth quarter, net income fell by 51.7% to $49.4 million from $102.3 million, and net sales decreased by 3% to $823.9 million from $849.8 million year-on-year [4].

Company Overview - Entegris, Inc. (ENTG) is a vital supplier of advanced materials and process solutions essential for semiconductor manufacturing [1] Industry Focus - The company is based in Massachusetts and collaborates with fabs and other industry players to support semiconductor production [1] Investment Research Approach - The focus is primarily on small- to mid-cap companies, which are often overlooked by many investors, while also occasionally analyzing large-cap companies to provide a comprehensive view of the broader equity markets [1]

Company Overview - Entegris, Inc. (ENTG) is a vital supplier of advanced materials and process solutions essential for semiconductor manufacturing [1] - The company is headquartered in Massachusetts and collaborates with fabs and other industry players [1] Investment Focus - The analysis primarily targets small- to mid-cap companies, which are often overlooked by investors, while also occasionally reviewing large-cap companies to provide a comprehensive view of the equity markets [1]

Financial Performance - In 2025, net sales were $3,196.6 million, a decrease of $44.6 million, or 1%, from 2024's $3,241.2 million [231]. - Gross profit for 2025 was $1,419.9 million, resulting in a gross margin of 44.4%, down from 45.9% in 2024, a decrease of 1.5 percentage points [234]. - Net income for 2025 was $235.6 million, or $1.55 per diluted share, compared to $292.8 million, or $1.93 per diluted share, in 2024 [244]. - Adjusted Operating Income decreased by 8.4% to $680.9 million in 2025 from $743.0 million in 2024 [247]. - Advanced Purity Solutions (APS) net sales decreased by 3% to $1,799.1 million in 2025, primarily due to reduced semiconductor industry capital expenditures [253]. - Materials Solutions (MS) net sales increased slightly to $1,406.7 million in 2025, driven by CMP consumables and selective etch materials [251]. - Net income for 2025 was $235.6 million, down 19.5% from $292.8 million in 2024, with a net income margin of 7.4% compared to 9.0% in 2024 [293]. - Adjusted Operating Income for 2025 was $680.9 million, a decrease of 8.4% from $743.0 million in 2024, resulting in an adjusted operating margin of 21.3% [293]. - Adjusted EBITDA for 2025 was $886.2 million, down 4.8% from $931.1 million in 2024, with an adjusted EBITDA margin of 27.7% [293]. - Non-GAAP net income for 2025 was $418.5 million, compared to $456.0 million in 2024, with diluted non-GAAP earnings per share of $2.75, down from $3.00 [294]. Expenses and Costs - Selling, general and administrative (SG&A) expenses increased by $4.0 million, or 1%, to $450.6 million in 2025 from $446.6 million in 2024 [235]. - Engineering, research and development (ER&D) expenses rose to $329.0 million in 2025, up from $316.1 million in 2024, reflecting a focus on technology platform development [236]. - The company incurred restructuring costs of $29.7 million in 2025, primarily related to cost-saving initiatives and workforce reductions [293]. Cash Flow and Debt - Total debt decreased to $3,697.6 million in 2025 from $3,981.1 million in 2024, reflecting repayments on outstanding debt [256]. - Cash and cash equivalents increased to $360.4 million in 2025 from $329.2 million in 2024, indicating improved liquidity [256]. - Net cash provided by operating activities increased to $695.4 million in 2025 from $631.7 million in 2024, driven by changes in operating assets and liabilities [260]. - Net cash used in investing activities was $300.8 million in 2025, a significant increase from $67.1 million in 2024, primarily due to lower proceeds from divestitures [264]. - Cash used in financing activities decreased to $366.9 million in 2025 from $688.9 million in 2024, reflecting a reduction in net debt activity [265]. - Total debt (par value) decreased to $3,745.0 million as of December 31, 2025, down from $4,045.0 million in 2024 [267]. - Long-term debt principal obligations total $3,745.0 million, with interest payments of $655.3 million due [273]. - The company was in compliance with all applicable financial covenants included in its debt arrangements as of December 31, 2025 [269]. - Cash requirements for the company total $4,885.3 million, with $419.1 million due within one year [273]. Accounting Estimates and Depreciation - The Company expects total depreciation expense in 2026 to be reduced by $72.9 million due to adjustments in the estimated useful lives of certain property, plant, and equipment [220]. - The updated estimated useful lives for financial reporting purposes include buildings and improvements increased from 5 to 35 years to 5 to 40 years, and manufacturing equipment increased from 5 to 10 years to 5 to 14 years [221]. - The Company anticipates an increase in gross margin of approximately $52.4 million as a result of the change in accounting estimate [221]. Trade and Supply Chain - The Company operates in two segments: Materials Solutions (MS) and Advanced Purity Solutions (APS), providing critical materials and process solutions for the semiconductor industry [215]. - The global trade environment has heightened uncertainty, particularly with respect to China, impacting sourcing and manufacturing costs [218]. - The Company aims to build a resilient supply chain and global manufacturing footprint to mitigate financial impacts from trade volatility [219]. - The Company is exposed to risks associated with trade conflicts, supply chain interruptions, and geopolitical uncertainties [213]. - The Company’s strategy includes closely monitoring trade policy changes and exploring options to mitigate volatility in the supply chain [219]. Currency and Interest Rate Risks - A 100-basis point change in interest rates could impact annual net income by approximately $0.7 million in 2025 and $2.5 million in 2024 [295]. - Approximately 17.5% of sales in 2025 were denominated in foreign currencies, which could lead to a revenue impact of approximately $55.9 million if foreign currencies depreciate by 10% against the U.S. dollar [296][297]. - The company utilizes derivative financial instruments to manage foreign currency exchange rate risks but does not engage in speculative trading [298].

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分组1 - Entegris reported quarterly earnings of $0.7 per share, exceeding the Zacks Consensus Estimate of $0.67 per share, but down from $0.84 per share a year ago, representing an earnings surprise of +4.14% [1] - The company posted revenues of $823.9 million for the quarter, surpassing the Zacks Consensus Estimate by 1.15%, but down from $849.84 million year-over-year [2] - Entegris has outperformed the S&P 500, with shares increasing by about 45.3% since the beginning of the year compared to the S&P 500's gain of 1.7% [3] 分组2 - The earnings outlook for Entegris is mixed, with the current consensus EPS estimate for the coming quarter at $0.64 on revenues of $792.22 million, and $3.27 on revenues of $3.39 billion for the current fiscal year [7] - The Zacks Industry Rank places Electronics - Semiconductors in the top 25% of over 250 Zacks industries, indicating a favorable outlook for the sector [8] - Credo Technology Group Holding Ltd., another company in the same industry, is expected to report quarterly earnings of $0.78 per share, reflecting a year-over-year increase of +212% [9]

Financial Data and Key Metrics Changes - Fourth quarter revenue was $824 million, down 3% year-over-year but up 2% sequentially, at the high end of guidance [17] - Gross margin on a GAAP basis was 43.8% and 44% on a non-GAAP basis, also at the high end of guidance [17] - Adjusted EBITDA margin in Q4 was 27.7% of revenue, above guidance [17] - Full year free cash flow was $404 million, representing a free cash flow margin of 12.7%, nearly a 300 basis point increase year-over-year [19] Business Line Data and Key Metrics Changes - Sales for Material Solutions in Q4 were $362 million, flat year-over-year and up 4% sequentially, driven by advanced deposition materials [18] - Sales for Advanced Purity Solutions in Q4 were $465 million, down 5% year-over-year but up 1% sequentially, with declines driven by fluid handling and FOUPs [19] Market Data and Key Metrics Changes - The semiconductor market is expected to see mid-single-digit industry MSI growth in 2026, with advanced logic positioned for significant growth driven by AI-enabled applications [10][11] - NAND is expected to see more than 20% bit growth in 2026, driven by the shift to higher layer, higher capacity NAND [12] - DRAM is expected to see solid MSI growth in 2026, with tight supply in HBM and DDR5 driving the need for additional fab capacity [13] Company Strategy and Development Direction - The company aims to deepen customer intimacy by supporting technology roadmaps and securing key positions of record in new nodes [7] - The focus is on improving utilization by ramping new facilities in Taiwan and Colorado while rationalizing existing manufacturing [9] - The company plans to increase local-for-local manufacturing, particularly for China, to enhance strategic flexibility [10] Management's Comments on Operating Environment and Future Outlook - The management is cautiously optimistic about industry conditions entering 2026, expecting improvements in node transitions and industry fab construction spending [15] - The company anticipates that the growth in advanced logic and memory will drive higher content per wafer and revenue [15] - Management highlighted the importance of AI as a growth driver, with over 60% of revenue coming from advanced logic and advanced memory [14] Other Important Information - The company expects Q1 sales to range from $785 million to $825 million, reflecting an increase of approximately 4% year-over-year [21] - CapEx for 2026 is expected to decline to $250 million, with a return to historical levels of approximately 7%-8% of sales in the long term [9] Q&A Session Summary Question: Expectations for growth in 2026 compared to underlying markets - Management believes the industry backdrop is more constructive for 2026, with potential for outperformance in advanced logic and memory segments [29][30] Question: Margin trajectory for 2026 - Management indicated that gross margins are expected to stabilize and improve with increased production volumes and facility rationalization [32][34] Question: CapEx and MSI targets for the year - Management expects MSI growth to be mid-single digits for the year, with CapEx-related revenue driven by fab construction spending [38][40] Question: Update on mainstream customer engagement - Management is focusing on deeper penetration of mainstream customers by providing comprehensive solutions across product lines [46][48] Question: Competitive intensity in the China market - Management noted that the fundamentals in China are similar to the rest of the world, emphasizing yield and performance, and highlighted efforts to guarantee supply to customers [50][51] Question: NAND business outlook - Management expects strong underlying demand for NAND, with incremental layer transitions expected to drive higher content per wafer [56][57] Question: Growth expectations for China business in 2026 - Management anticipates growth in the China market, particularly in CapEx-related areas and liquid filtration products [59][60]