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- to single-digit industry MSI growth in 2026, with advanced logic positioned for significant growth driven by AI-enabled applications [11][14] - NAND is expected to benefit from strong AI-driven demand and pricing trends, translating into more than 20% bit growth in 2026 [12] 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 notable improvements compared to 2025 [15] - The company anticipates that node transitions in both logic and memory will drive wafer output and increase content per wafer opportunities [6] 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 2025 was $299 million, approximately 9% of sales, and is expected to decline to $250 million in 2026 [20] Q&A Session Summary Question: Expectations for growth in 2026 - The company expects a more constructive industry backdrop in 2026, with potential for outperformance in revenue growth compared to underlying markets [29][30] Question: Margin trajectory for the year - 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 - The company anticipates mid-single-digit growth for MSI in 2026, with CapEx expected to be more constructive in the second half of the year [38][40] Question: Update on mainstream customer engagement - The company is focusing on deeper penetration of its product portfolio among mainstream customers, particularly in silicon carbide and mainstream logic [46][48] Question: Competitive intensity in China - The company is working to guarantee supply to Chinese customers, which is critical for competing effectively in that market [50][52] Question: NAND business outlook - The company expects strong underlying demand for NAND, with incremental layer transitions expected to drive higher content per wafer [56][57]

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 - Material Solutions sales in Q4 were $362 million, flat year-over-year and up 4% sequentially, driven by advanced deposition materials [18] - Advanced Purity Solutions sales 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- to single-digit industry MSI growth in 2026, with advanced logic positioned for significant growth driven by AI applications [10][11] - NAND is expected to see more than 20% bit growth in 2026, driven by the shift to higher layer counts [12] Company Strategy and Development Direction - The company aims to deepen customer intimacy by supporting technology roadmaps and securing key positions of record (PORs) in new nodes [6] - Focus on improving utilization by ramping new facilities in Taiwan and Colorado while rationalizing existing manufacturing footprint [9] - Plans to increase local-for-local manufacturing, particularly for China, to enhance supply assurance [10] Management's Comments on Operating Environment and Future Outlook - Management is cautiously optimistic about industry conditions entering 2026, expecting improvements in wafer starts and CapEx spending [14] - The company anticipates that node transitions in both logic and memory will drive growth and increase content per wafer opportunities [5][6] Other Important Information - The company expects CapEx to decline to $250 million in 2026, with a return to historical levels of approximately 7%-8% of sales in the long term [9] - The Capital Markets Day has been rescheduled from May to fall 2026 due to the CFO transition [15] Q&A Session Questions and Answers Question: Expectations for growth in 2026 - The company expects a more constructive industry backdrop in 2026, with potential for outperformance in revenue growth compared to underlying market growth [29][30] Question: Margin trajectory for the year - 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 - MSI is expected to grow in the mid-single digits, with CapEx-related revenue driven by fab construction spending anticipated to pick up in the second half of 2026 [38][39] Question: Update on mainstream customer engagement - The company is focusing on deeper penetration of mainstream customers by providing comprehensive solutions across its product portfolio [45][46] Question: Competitive intensity in the China market - The company is working to guarantee supply to Chinese customers, which is critical for competing effectively in that market [51][52] Question: NAND business outlook - The company expects strong underlying demand for NAND, with incremental wafer starts anticipated to remain measured due to node transitions [56][57]

Entegris Earnings Summary Fourth Quarter 2025 February 10, 2026 ENTEGRIS PROPRIETARY AND CONFIDENTIAL – INTERNAL Safe Harbor ENTEGRIS FOURTH QUARTER 2025 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 m ...

Group 1 - Entegris reported an adjusted earnings of 70 cents per share on sales of $823.9 million for the fourth quarter, surpassing analyst expectations of 67 cents per share [1] - Following the positive earnings report, Entegris stock experienced a significant increase [1] - The company provided an optimistic outlook for the current period, contributing to the stock's rise [1] Group 2 - Entegris has received an upgrade to its IBD Relative Strength Rating, indicating improved price performance [1] - The semiconductor market is showing signs of recovery, as noted by Entegris [1]

PRESS RELEASE BILLERICA, Mass., February 10, 2026 - Entegris, Inc. (NASDAQ: ENTG), today reported its financial results for the Company's fourth quarter ended December 31, 2025. Dave Reeder, Entegris' President and Chief Executive Officer, said: "Our solid performance in the fourth quarter was highlighted by revenue, adjusted EBITDA margin, and non-GAAP EPS all near or above the high-end of our guidance range. For 2025, our unit-driven growth was a result of ongoing strength in liquid filtration, selective ...

Core Insights - Entegris has seen significant changes in institutional investor positions, with ORG Wealth Partners LLC increasing its stake by 862.1% in Q3, now holding 279 shares valued at $26,000 after acquiring 250 additional shares [1] - Analysts have mixed ratings on Entegris, with BMO Capital Markets raising the price target from $105.00 to $126.00 and giving an "outperform" rating, while Goldman Sachs lowered its rating from "neutral" to "sell" with a price target reduction from $88.00 to $75.00 [2] - Entegris reported earnings of $0.72 per share for the last quarter, meeting consensus estimates, with revenue of $807.10 million, slightly above analyst expectations [4] Institutional Investment - ORG Wealth Partners LLC increased its position by 862.1% in Q3, now owning 279 shares worth $26,000 [1] - Alpine Bank Wealth Management raised its stake by 73.7% in Q2, now holding 311 shares valued at $25,000 [1] - New stakes were acquired by Twin Peaks Wealth Advisors LLC, Quent Capital LLC, and Tripletail Wealth Management LLC, with values of approximately $25,000, $34,000, and $49,000 respectively [1][7] Analyst Ratings - BMO Capital Markets increased the price target to $126.00 and rated the stock "outperform" [2] - Zacks Research upgraded the stock from "strong sell" to "hold" [2] - Goldman Sachs downgraded the stock from "neutral" to "sell" with a new price target of $75.00 [2] - Needham & Company LLC maintained a "strong-buy" rating [2] - KeyCorp raised its price objective to $111.00 and rated the stock "overweight" [2] Stock Performance - Entegris opened at $114.71, with a market capitalization of $17.39 billion and a price-to-earnings ratio of 60.69 [3] - The stock has a 52-week low of $60.75 and a high of $122.43 [3] - The company has a quick ratio of 2.13 and a current ratio of 3.44, indicating strong liquidity [3] Earnings Report - Entegris reported $0.72 EPS for the quarter, matching consensus estimates, with a net margin of 8.95% [4] - Revenue for the quarter was $807.10 million, slightly above the expected $804.63 million, but down 0.1% year-over-year [4] - Guidance for Q4 2025 is set at EPS between $0.620 and $0.690 [4] Dividend Information - Entegris announced a quarterly dividend of $0.10 per share, with an annualized dividend of $0.40 and a yield of 0.3% [5] - The payout ratio stands at 21.16% [5] Insider Transactions - Insider Bertrand Loy sold 57,570 shares at an average price of $76.88, totaling approximately $4.43 million, reducing his position by 15.84% [6] - SVP Joseph Colella sold 3,577 shares at an average price of $88.41, totaling approximately $316,243 [6]

Core Viewpoint - Entegris, Inc. announces the resignation of Chief Financial Officer Linda LaGorga, effective February 28, 2026, with Mike Sauer stepping in as Interim CFO starting March 1, 2026, while a search for a permanent CFO is underway [1][2][4]. Group 1: Management Changes - Linda LaGorga will step down as CFO by mutual agreement, effective February 28, 2026 [1]. - Mike Sauer, currently VP, Controller, and Chief Accounting Officer, will take on the role of Interim CFO while retaining his current responsibilities [1]. - LaGorga will serve as a Senior Advisor until May 15, 2026, to ensure a smooth transition [1]. Group 2: Leadership Experience - Mike Sauer has 37 years of experience in finance and accounting roles at Entegris, including 13 years as Controller and Chief Accounting Officer [3]. - Sauer has previously held positions such as Corporate Controller and Director of Treasury and Risk Management, showcasing a strong background in finance [3]. Group 3: Company Statements - Dave Reeder, President and CEO, expressed gratitude for LaGorga's contributions and emphasized her role in strengthening the company's foundation [4]. - LaGorga stated her pride in serving as CFO and confidence in the team's ability to seize future opportunities [4]. - Reeder highlighted Sauer's financial expertise and deep understanding of the semiconductor industry as key assets for the company during the transition [4]. Group 4: Financial Guidance - Entegris reaffirmed its outlook for the fourth quarter of 2025, as previously provided in its third quarter financial results on October 30, 2025 [5]. - A conference call to discuss the fourth quarter 2025 results is scheduled for February 10, 2026, at 8:00 a.m. Eastern Time [6]. Group 5: Company Overview - Entegris is a leading supplier of advanced materials and process solutions for the semiconductor and high-technology industries, employing approximately 8,000 people globally [7]. - The company is ISO 9001 certified and has facilities in multiple countries, including the United States, Canada, China, Germany, Israel, Japan, Malaysia, Singapore, South Korea, and Taiwan [7].

Company Overview - Entegris, Inc. is a leading supplier of advanced materials and process solutions for the semiconductor and other high-tech industries [3] - The company has approximately 8,000 employees globally and is ISO 9001 certified [3] - Entegris operates manufacturing, customer service, and research facilities in multiple countries including the United States, Canada, China, Germany, Israel, Japan, Malaysia, Singapore, South Korea, and Taiwan [3] Financial Results Announcement - Entegris will release its financial results for the fourth quarter of 2025 before the market opens on February 10, 2026 [1] - A teleconference with management is scheduled for the same day at 8:00 am ET [1] Teleconference Details - Participants can join the teleconference by dialing +1 833-316-1983 or +1 785-838-9310 and referencing Conference ID: ENTGQ425 [2] - It is recommended that participants dial in 5 to 10 minutes prior to the start of the call [2]

Group 1 - Entegris Inc. (NASDAQ:ENTG) reached a new 52-week high, driven by investor interest ahead of an upcoming dividend and a significant price target increase from an analyst [1][3] - The stock climbed to a peak of $118 during intra-day trading, ultimately closing up 9.08% at $113.54 [2] - UBS upgraded its recommendation on Entegris from "neutral" to "buy," raising the price target from $90 to $145, indicating a potential upside of 27.7% from the latest closing price [2][3] Group 2 - UBS's optimism regarding Entegris is based on expectations of a broader recovery in the MSI system, expansion of Taiwan Semiconductor's N2 nodes production, and increased adoption of molybdenum [3] - Projected revenue growth for Entegris is estimated at 10% in 2026 and 11% in 2027, reflecting positive market conditions [3] - Entegris announced a quarterly cash dividend of $0.10 per share, payable on February 18, 2026, to shareholders as of January 28 [4]

Group 1 - Entegris (ENTG) shares increased by 9.1% to close at $113.54, supported by strong trading volume, and have gained 22.4% over the past four weeks [1] - The company is experiencing growth driven by AI in advanced logic and memory, increased demand for liquid filtration, CMP consumables, and advanced packaging solutions [1] - Entegris is expected to report quarterly earnings of $0.67 per share, reflecting a year-over-year decline of 20.2%, with revenues projected at $813.76 million, down 4.3% from the previous year [2] Group 2 - The consensus EPS estimate for Entegris has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without earnings estimate revisions [3] - Entegris holds a Zacks Rank of 3 (Hold), indicating a neutral outlook [3] - Himax Tech (HIMX), a competitor in the same industry, has a consensus EPS estimate of $0.04, representing a significant year-over-year decline of 71.4%, and also holds a Zacks Rank of 3 (Hold) [4]