Bull case
The bull case prices ENTG at 37x on FY1 earnings, assuming continued execution and no meaningful deceleration in the core business.
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Three scenarios for where ENTG stock could go
The bull case prices ENTG at 37x on FY1 earnings, assuming continued execution and no meaningful deceleration in the core business.
At 28x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
If investor confidence fades or macro conditions deteriorate, a 31x multiple contraction could push ENTG down roughly 64% 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 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.
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
| 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/$0.74 | +15.4% | $812M/$809M | +0.4% |
ENTG beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest annual revenue by segment or product family
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Latest annual revenue by reported region
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Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Fair value est. $177 — implies -1.1% from today's price.
| Metric | ENTG | S&P 500 | Technology | 5Y Avg ENTG |
|---|---|---|---|---|
| Forward PE | 49.1x | 18.8x+161% | 22.3x+121% | — |
| Trailing PE | 115.3x | 24.4x+372% | 29.0x+298% | 59.3x+94% |
| PEG Ratio | — | 1.66x | 1.51x | — |
| EV/EBITDA | 23.4x | 15.2x+54% | 16.6x+41% | 21.2x+11% |
| Price/FCF | 68.7x | 20.7x+232% | 19.2x+258% | 69.0x |
| Price/Sales | 8.5x | 3.1x+175% | 2.4x+249% | 5.0x+71% |
| Dividend Yield | 0.22% | 1.91% | 1.11% | 0.41% |
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 generates $721M in free cash flow at a 22.3% margin.
Revenue, margins, and cash generation
ROIC, leverage, and debt serviceability
~4.9 years to full repayment at current FCF run-rate
How capital is returned to owners
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageKey factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated June 18, 2026
The stock is vulnerable to industry downturns due to substantial financial risk, requiring careful consideration despite growth potential.
Entegris trades well above some intrinsic estimates, raising valuation worries and concerns about investor risk tolerance.
Recent insider selling activity has heightened scrutiny on the stock's fundamentals and investor confidence.
Revenue grew 5% year-over-year, indicating solid performance but not fully offsetting other risks.
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.
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated June 18, 2026
Entegris, Inc. is positioned for growth following its transformation into a vertically integrated materials science leader, driven by its $5.7 billion acquisition of CMC Materials in 2022.
Entegris provides advanced materials and process solutions for the semiconductor and high-technology industries globally, benefiting from industry tailwinds.
Entegris, Inc.'s trailing and forward P/E ratios indicate strong earnings potential, with trailing P/E at 49.65 and forward P/E at 27.17 as of February 25th.
Multiple bullish theses on Entegris, Inc. highlight investor confidence in the company's growth trajectory and market positioning.
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.
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
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.
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
ENT ENTG Entegris, Inc. | $27.2B | 49.1x | +5.1% | 8.2% | Buy | -14.6% |
CMC CMC Commercial Metals Company | $8.0B | 11.3x | +3.8% | 5.5% | Buy | +13.6% |
MKS MKSI MKS Inc. | $27.4B | 34.7x | +11.3% | 8.0% | Buy | -20.8% |
ICH ICHR Ichor Holdings, Ltd. | $3.4B | 71.5x | +8.5% | -5.3% | Buy | -44.6% |
AZT AZTA Azenta, Inc. | $1.1B | 52.0x | +5.9% | -29.9% | Buy | +90.9% |
UCT UCTT Ultra Clean Holdings, Inc. | $5.5B | 46.8x | +6.7% | -9.4% | Buy | -14.5% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
ENTG returns 0.2% total yield, led by a 0.22% dividend.
Yield, cadence, and growth quality
How much per-share support comes from repurchases
| 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% |
Common questions answered from live analyst data and company financials.
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 $153, implying -14.6% from the current price of $179. The bear case scenario is $64 and the bull case is $135.
The Wall Street consensus price target for ENTG is $153 based on 26 analyst estimates. The high-end target is $205 (+14.7% from today), and the low-end target is $105 (-41.3%). The base case model target is $102.
ENTG trades at 49.1x 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 fair versus peers. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
The primary risks for ENTG in 2026 are: (1) Financial Risk — The stock is vulnerable to industry downturns due to substantial financial risk, requiring careful consideration despite growth potential. (2) Valuation Concerns — Entegris trades well above some intrinsic estimates, raising valuation worries and concerns about investor risk tolerance. (3) Insider Selling — Recent insider selling activity has heightened scrutiny on the stock's fundamentals and investor confidence. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
Analyst consensus estimates ENTG will report consensus revenue of $3.4B (+5.1% year-over-year) and EPS of $2.05 (+18.7% year-over-year) for the upcoming fiscal year. The following year, analysts project $3.6B in revenue.
Entegris, Inc. is expected to report its next earnings on approximately 2026-07-29. Consensus expects EPS of $0.81 and revenue of $833M. Over recent quarters, ENTG has beaten EPS estimates 75% of the time.
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 (0.2% yield) and share repurchases ($0 TTM).