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]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________ FORM 10-K ________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-32598 Entegris, Inc. (Exact name ...

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

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]

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]