ENTG
Entegris, Inc.

Entegris, Inc.ENTG

Technology · Semiconductor Equipment & Materials
151.11USD
+5.57%
Sep 23, 2026
ENTG overview ready
Critical supplier of high-purity materials and contamination-control solutions for US fabs
Entegris is a mission-critical semiconductor-process materials and contamination-control supplier to fab customers, providing high-purity chemicals and gases, CMP materials, filtration, purification, fluid handling, and wafer-handling solutions used during wafer fabrication.
Strong narrative exposure
Exposed to the Semiconductor Supply Chain Localization narrative through Domestic Fab Equipment and Specialty Processes — bottleneck supplier.
An early price trend
Longer-term context reads established trend, with a near-term setup of daily advance.
Demanding valuation
The price embeds expectations that run ahead of what comparable businesses command.
Fundamentals under pressure
Ev / ebitda is weak.
Primary risk
Cyclicality of semiconductor capital expenditures.
Market Sep 22Filing Jun 27Price action Sep 22Research Sep 1

Conviction Level

NarrativeHeat8.7ThemeHeat8.0PriceAction8.3Valuation2.2CompanyPosition9.3
Price
Loading price history…

Price Action

An early price trend
Longer-term context reads established trend, with a near-term setup of daily advance.
EntryReset + recovery

The stock remains extended from its long-term weekly base, but the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$23.1B
Avg Volume (60D)
2.4M
60 sessions
Revenue Growth YoY
-1.4%
FY2025 vs FY2024
Gross Margin
+45.5%
Trailing twelve months
Operating Margin
+16.0%
Trailing twelve months
Free Cash Flow Yield
+2.5%
Distance from 200DMA
+16.7%
Next Earnings
2026-11-04
P/E
75.6x
EV / EBITDA
37.1x
EV / Sales
7.9x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 27, 2026
Filed balance-sheet data as of Jun 27, 2026

Fundamentals & Valuation

One of the two valuation perspectives says expensive; peers is the dissenting view.
Entegris, Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of what comparable businesses command. It trades at a 2.5% free-cash-flow yield and 37.1x EBITDA, which require sustained delivery to be justified.

Company Research

Thesis
Entegris is a mission-critical semiconductor-process materials and contamination-control supplier to fab customers, providing high-purity chemicals and gases, CMP materials, filtration, purification, fluid handling, and wafer-handling solutions used during wafer fabrication.
Opportunity
Moderate opportunity
US semiconductor-capacity investment requiring process equipment, contamination-control systems, specialty materials, and manufacturing capability needed to qualify and run advanced wafer-fab processes.
Key risk
Cyclicality of semiconductor capital expenditures.

Narrative & Theme

Semiconductor Supply Chain Localization
Part of Domestic Fab Equipment and Specialty Processes, with moderate fit.
It is nevertheless a credible adjacent beneficiary of the same domestic-fab buildout driver: fabs require qualified high-purity materials, contamination control, filtration, and specialty process consumables before capacity can ramp.
Narrative HeatHot8.7 / 10
Theme HeatHeating up8.0 / 10

Business & Markets

Technology · Semiconductor Equipment & Materials
What they do

Entegris, Inc. provides advanced materials and process solutions primarily for the semiconductor industry, operating through two segments: Materials Solutions and Advanced Purity Solutions.

How it earns

The company generates revenue primarily through transactional sales of specialty materials, filtration products, and process chemicals.

Products & services
Chemical vapor and atomic layer deposition materials
Chemical mechanical planarization slurries and pads
Ion implantation specialty gases
Formulated etch and clean materials
Filtration and purification products
Customers & end markets
Semiconductor manufacturers
High-technology industries
Market position

Leader in providing critical purity materials and filtration solutions with some sole-source supply positions.

Demand drivers
High cyclicality

Semiconductor capital equipment and materials demand is closely tied to cyclical fab investment cycles.