Key Highlights

● Second-quarter net sales were US$883.2 million, up about 11.5% year on year.

● GAAP gross margin widened to 47.6% from 44.4% a year earlier.

● Entegris repaid US$200.0 million of debt during the quarter.

● Third-quarter net sales guidance is US$905 million to US$935 million.

Latest verified development

Entegris, Inc. (NASDAQ:ENTG), a supplier of materials and process-control products to semiconductor manufacturers, reported second-quarter 2026 results on 4 August 2026 for the quarter ended 27 June. Net sales were US$883.2 million, up about 11.5% from US$792.4 million a year earlier and up about 8.8% from US$811.9 million in the first quarter.

GAAP diluted earnings per share were US$0.61, compared with US$0.35 a year earlier, on net income of US$93.6 million. Non-GAAP diluted earnings per share were US$0.93, against US$0.66. The improvement came with wider margins, so earnings grew faster than sales.

The sequential step-up is notable. Sales rose more than US$71 million in a single quarter, and the year-on-year gain of roughly US$91 million was achieved while GAAP operating income grew considerably faster than revenue. The release did not split growth by division. According to coverage at the time, Entegris was added to the S&P MidCap 400 on 6 March 2025.

Margins, cash flow and debt

GAAP gross margin was 47.6%, up from 44.4%, and GAAP operating margin reached 18.6% from 13.4%. On an adjusted basis, operating margin was 24.5% against 20.9%, and adjusted EBITDA was US$250.7 million, a 28.4% margin versus 27.3%. Adjusted measures are non-GAAP and exclude items the company defines.

Operating cash flow was US$156.2 million, compared with US$113.5 million a year earlier, while capital expenditure fell to US$39.3 million from US$66.5 million. Subtracting one from the other gives free cash flow of roughly US$116.9 million, a derived figure rather than one the company reported.

Entegris repaid US$200.0 million of debt during the quarter. Long-term debt stood at US$3,456.0 million at 27 June 2026, down from US$3,697.6 million at the end of 2025, and cash was US$353.6 million. Leverage remains a feature of the balance sheet, so continued repayment matters.

Guidance for the third quarter

For the quarter ending 26 September 2026, Entegris guided to net sales of US$905 million to US$935 million. It expects GAAP diluted earnings per share of US$0.75 to US$0.83 and non-GAAP earnings per share of US$0.96 to US$1.04. GAAP operating margin is guided to 19.2% to 20.2% and adjusted EBITDA margin to 28.0% to 29.0%.

Guidance reflects management targets rather than reported outcomes. At the midpoint, guided sales of US$920 million would be about 4% above the second-quarter level, implying continued, though slower, sequential growth. The midpoint of the non-GAAP earnings guidance, US$1.00, would be about 7% above the second-quarter result of US$0.93.

Third-quarter margins against second-quarter marks

Second-quarter gross margin of 47.6% and capital expenditure of US$39.3 million set the reference points for the coming quarter, alongside long-term debt of US$3,456.0 million. The guided adjusted EBITDA margin of 28.0% to 29.0% compares with 28.4% in the second quarter, and the guided GAAP operating margin of 19.2% to 20.2% with 18.6%.