Upside case
Bull case
$414+177.6%
ENTG would need investors to value it at roughly 116x earnings — about 74x more generous than today's 42x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated May 1, 2026
Entegris, Inc. (ENTG) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
26
analysts
18 bullish · 1 bearish · 26 covering ENTG
Strong Buy
0
Buy
18
Hold
7
Sell
1
Strong Sell
0
Consensus Target
$152
+1.8% vs today
Scenario Range
$127 – $414
Model bear to bull value window
Coverage
26
Published analyst ratings
Valuation Context
41.8x
Forward P/E · Market cap $22.7B
ENTG price targets
Three scenarios for where ENTG stock could go
Current
~$149
Confidence
56 / 100
Updated
May 1, 2026
Where we are now
Current · $149
Bear
$127
Base
$198
Bull
$414
Market caseClosest to today
Base case
$198+32.7%
At 56x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$127-15.2%
If investor confidence fades or macro conditions deteriorate, a 6x multiple contraction could push ENTG down roughly 15% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Entegris, Inc.
ENTG · NASDAQTechnologySemiconductorsDecember year-end
Entegris is a critical supplier of contamination control products, specialty chemicals, and materials handling solutions for semiconductor manufacturing. It generates revenue through three main segments—Specialty Chemicals and Engineered Materials (~40%), Microcontamination Control (~35%), and Advanced Materials Handling (~25%)—serving semiconductor fabs and equipment makers. The company's moat comes from its deep expertise in ultra-pure materials science and its essential role in enabling advanced semiconductor manufacturing processes where even microscopic contamination can ruin entire production batches.
Market Cap
$22.7B
Revenue TTM
$3.2B
Net Income TTM
$265M
Net Margin
8.2%
ENTG Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
75%Exceptional
12 quarters tracked
Revenue Beat Rate
67%Exceptional
vs consensus estimates
Avg EPS Surprise
+6.2%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 4 of 4Q3 2025
EPS
$0.66/$0.65
Revenue
$792M/$765M
Q4 2025
EPS
$0.72/$0.72
Revenue
$807M/$811M
Q1 2026
EPS
$0.70/$0.67
Revenue
$824M/$811M
Q2 2026
EPS
$0.86/$0.75
Revenue
$812M/$809M
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $0.66/$0.65 | +2.3% | $792M/$765M | +3.5% |
| Q4 2025 | $0.72/$0.72 | +0.0% | $807M/$811M | -0.5% |
| Q1 2026 | $0.70/$0.67 | +4.9% | $824M/$811M | +1.6% |
| Q2 2026 | $0.86/$0.75 | +14.7% | $812M/$809M | +0.4% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$3.3B
+2.4% YoY
FY2
$3.4B
+2.8% YoY
EPS Outlook
FY1
$2.03
+17.8% YoY
FY2
$2.06
+1.1% YoY
Trailing FCF (TTM)$721M
FCF Margin: 22.3%
Next Earnings
May 6, 2026
Expected EPS
$0.75
Expected Revenue
$809M
ENTG beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
ENTG Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $3.2B
Product Mix
Latest annual revenue by segment or product family
Advanced Purity Solutions
56.1%
-2.8% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
CHINA
34.6%
YoY unavailable
Tap, hover, or focus a slice to inspect segment detail.
Advanced Purity Solutions is the largest disclosed segment at 56.1% of FY 2025 revenue, down 2.8% YoY.
CHINA is the largest reported region at 34.6%, with no year-over-year comparison yet.
ENTG Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Overvalued
Fair value est. $101 — implies -29.1% from today's price.
Premium to Fair Value
29.1%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
ENTG
96.3x
vs
S&P 500
25.1x
+284% premium
vs Technology Trailing P/E
ENTG
96.3x
vs
Technology
26.7x
+260% premium
vs ENTG 5Y Avg P/E
Today
96.3x
vs
5Y Average
59.3x
+62% premium
Forward PE
41.8x
S&P 500
19.1x
+119%
Technology
22.1x
+89%
5Y Avg
—
—
Trailing PE
96.3x
S&P 500
25.1x
+284%
Technology
26.7x
+260%
5Y Avg
59.3x
+62%
PEG Ratio
—
S&P 500
1.72x
—
Technology
1.52x
—
5Y Avg
—
—
EV/EBITDA
20.0x
S&P 500
15.2x
+31%
Technology
17.5x
+14%
5Y Avg
21.2x
-6%
Price/FCF
57.4x
S&P 500
21.1x
+172%
Technology
19.5x
+194%
5Y Avg
69.0x
-17%
Price/Sales
7.1x
S&P 500
3.1x
+127%
Technology
2.4x
+191%
5Y Avg
5.0x
+43%
Dividend Yield
0.27%
S&P 500
1.87%
-86%
Technology
1.16%
-77%
5Y Avg
0.41%
-35%
| Metric | ENTG | S&P 500 | Technology | 5Y Avg ENTG |
|---|---|---|---|---|
| Forward PE | 41.8x | 19.1x+119% | 22.1x+89% | — |
| Trailing PE | 96.3x | 25.1x+284% | 26.7x+260% | 59.3x+62% |
| PEG Ratio | — | 1.72x | 1.52x | — |
| EV/EBITDA | 20.0x | 15.2x+31% | 17.5x+14% | 21.2x |
| Price/FCF | 57.4x | 21.1x+172% | 19.5x+194% | 69.0x-17% |
| Price/Sales | 7.1x | 3.1x+127% | 2.4x+191% | 5.0x+43% |
| Dividend Yield | 0.27% | 1.87% | 1.16% | 0.41% |
ENTG trades above S&P 500 benchmarks on 5 of 5 measured multiples — commands a broad premium across most valuation dimensions.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolENTG Financial Health
Verdict
Strong
ENTG generates $721M in free cash flow at a 22.3% margin.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$3.2B
Revenue Growth
TTM vs prior year
-0.3%
Gross Margin
Gross profit as a share of revenue
43.2%
Operating Margin
Operating income divided by revenue
29.1%
Net Margin
Net income divided by revenue
8.2%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$1.73
Free Cash Flow (TTM)
Cash generation after capex
$721M
FCF Margin
FCF as share of revenue — the primary cash quality signal
22.3%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
9.3%
ROA
Return on assets, trailing twelve months
3.1%
Cash & Equivalents
Liquid assets on the balance sheet
$360M
Net Debt
Total debt minus cash
$3.5B
Debt Serviceability
Net debt as a multiple of annual free cash flow
4.9× FCF
~4.9 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
6.7%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
0.3%
Dividend
0.3%
Buyback
0.0%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$0
Dividend / Share
Annualized trailing dividend per share
$0.40
Payout Ratio
Share of earnings distributed as dividends
25.8%
Shares Outstanding
Current diluted share count
152M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageENTG Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 29, 2026
High Risk
Debt Burden
Entegris carries a significant debt of $3.7 billion from the CMC Materials acquisition, limiting financial flexibility and increasing vulnerability to demand slowdowns. The company's debt-to-EBITDA ratio is 4.1, with a weak interest coverage ratio of 2.4, indicating high leverage.
High Risk
Valuation Concerns
The stock is trading at a high P/E ratio of approximately 76.5x, significantly above the semiconductor industry average of 36.3x. A discounted cash flow analysis suggests the stock may be overvalued by 81.5%, raising concerns about future returns.
Medium
Semiconductor Industry Slowdown
Current headwinds from a memory shortage and potential slowdowns in traditional applications could negatively impact wafer starts in the semiconductor industry, directly affecting Entegris's revenue.
Medium
Geopolitical Tensions and Tariffs
Geopolitical tensions, particularly in China, along with tariffs and increased regulation, pose long-term risks to Entegris's revenue, margin stability, and market access.
Medium
Limited AI Exposure
Currently, only about 5% of Entegris's wafer starts are driven by AI applications, indicating limited direct benefit from the ongoing AI boom in the semiconductor market.
Medium
Cyclicality in Semiconductor Capital Spending
Entegris is sensitive to the cyclical nature of semiconductor capital spending and wafer fab construction, with a significant portion of its revenue correlated with the timing of fab construction.
Lower
High Volatility and Risk
The stock is considered high risk due to significant daily price movements and an extremely overbought Relative Strength Index (RSI14) at 91, which may indicate a potential selling opportunity.
Lower
Insider Selling
There has been significant open-market selling by key executives despite receiving stock awards, leading to negative insider sentiment that may affect investor confidence.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why ENTG Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 29, 2026
Growth in Advanced Technologies
Entegris is expected to benefit from multiyear growth in advanced semiconductor manufacturing, particularly with the development of more complex chip architectures and new materials. The company's solutions are essential for enabling customers to achieve better device performance and faster yields.
AI and HBM Demand
The increasing demand for Artificial Intelligence (AI) and High Bandwidth Memory (HBM) is a significant tailwind, with Entegris positioned to capture an outsized share in these areas.
High-Margin Filtration Business
The company's high-margin filtration business is projected to reach maximum utilization with a new plant in Taiwan becoming operational, which is expected to drive higher earnings before interest and taxes (EBIT) and return on invested capital (ROIC).
Defensive Business Model
A substantial portion of Entegris's revenue (75%) comes from chip volumes manufactured, making it less dependent on chip prices. High switching costs also contribute to customer retention.
Acquisition Synergies
The acquisition of CMC Materials has expanded Entegris's footprint in process materials, particularly in Chemical Mechanical Planarization (CMP) slurries and pads, which are crucial for semiconductor manufacturing.
Market Position
Entegris holds a duopolistic position in some of its markets, which can lead to lucrative margins.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
ENTG Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$149.29
52W Range Position
89%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$66.32
+125.1% from the low
52-Week High
$159.15
-6.2% from the high
1 Month
+29.05%
3 Month
+35.31%
YTD
+66.7%
1 Year
+78.0%
3Y CAGR
+23.8%
5Y CAGR
+6.2%
10Y CAGR
+27.5%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
ENTG vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
41.8x
vs 31.4x median
+33% above peer median
Revenue Growth
+2.4%
vs +2.4% median
+0% above peer median
Net Margin
8.2%
vs -5.3% median
+255% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
ENT ENTG Entegris, Inc. | $22.7B | 41.8x | +2.4% | 8.2% | Buy | +1.8% |
CMC CMC Commercial Metals Company | $7.7B | 10.7x | +2.4% | 5.5% | Buy | +18.6% |
MKS MKSI MKS Inc. | $19.4B | 29.0x | +9.6% | 7.5% | Buy | -5.1% |
ICH ICHR Ichor Holdings, Ltd. | $2.4B | 59.2x | +5.4% | -5.3% | Buy | -26.5% |
AZT AZTA Azenta, Inc. | $1.1B | 31.4x | -4.1% | -10.3% | Buy | +81.5% |
UCT UCTT Ultra Clean Holdings, Inc. | $3.8B | 35.8x | +2.3% | -9.4% | Buy | +2.2% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
ENTG Dividend and Capital Return
ENTG returns 0.3% total yield, led by a 0.27% dividend.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
0.3%
Dividend + buyback return per year
Buyback Yield
0.0%
Dividend Yield
0.27%
Payout Ratio
25.8%
How ENTG Splits Its Return
Div 0.27%
Dividend 0.27%Buybacks 0.0%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.40
Growth Streak
Consecutive years of dividend increases
2Y
3Y Div CAGR
0.0%
5Y Div CAGR
4.6%
Ex-Dividend Date
—
Payment Cadence
Quarterly
4 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$0
Estimated Shares Retired
0
Approx. Share Reduction
0.0%
Shares Outstanding
Current diluted share count from the screening snapshot
152M
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.20 | — | — | — |
| 2025 | $0.40 | 0.0% | 0.0% | 0.5% |
| 2024 | $0.40 | 0.0% | 0.0% | 0.4% |
| 2023 | $0.40 | 0.0% | 0.0% | 0.3% |
| 2022 | $0.40 | +25.0% | 0.0% | 0.6% |
FAQ
7 questionsENTG Investor Questions
Common questions answered from live analyst data and company financials.
01Is Entegris, Inc. (ENTG) stock a buy or sell in 2026?
Entegris, Inc. (ENTG) is rated Buy by Wall Street analysts as of 2026. Of 26 analysts covering the stock, 18 rate it Buy or Strong Buy, 7 rate it Hold, and 1 rate it Sell or Strong Sell. The consensus 12-month price target is $152, implying +1.8% from the current price of $149. The bear case scenario is $127 and the bull case is $414.
02What is the ENTG stock price target for 2026?
The Wall Street consensus price target for ENTG is $152 based on 26 analyst estimates. The high-end target is $205 (+37.3% from today), and the low-end target is $105 (-29.7%). The base case model target is $198.
03Is Entegris, Inc. (ENTG) stock overvalued in 2026?
ENTG trades at 41.8x times forward earnings. The stock trades at a notable premium to the broad market, which is typical for businesses with strong free cash flow and above-average growth expectations. Based on current multiples versus the peer group, the relative model signals overvalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Entegris, Inc. (ENTG) stock in 2026?
The primary risks for ENTG in 2026 are: (1) Debt Burden — Entegris carries a significant debt of $3. (2) Valuation Concerns — The stock is trading at a high P/E ratio of approximately 76. (3) Semiconductor Industry Slowdown — Current headwinds from a memory shortage and potential slowdowns in traditional applications could negatively impact wafer starts in the semiconductor industry, directly affecting Entegris's revenue. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Entegris, Inc.'s revenue and earnings forecast?
Analyst consensus estimates ENTG will report consensus revenue of $3.3B (+2.4% year-over-year) and EPS of $2.03 (+17.8% year-over-year) for the upcoming fiscal year. The following year, analysts project $3.4B in revenue.
06When does Entegris, Inc. (ENTG) report its next earnings?
Entegris, Inc. is expected to report its next earnings on approximately 2026-05-06. Consensus expects EPS of $0.75 and revenue of $809M. Over recent quarters, ENTG has beaten EPS estimates 75% of the time.
07How much free cash flow does Entegris, Inc. generate?
Entegris, Inc. (ENTG) generated $721M in free cash flow over the trailing twelve months — a free cash flow margin of 22.3%. ENTG returns capital to shareholders through dividends (0.3% yield) and share repurchases ($0 TTM).