Entegris, Inc. Q3 2026 Earnings Recap

Entegris reported record quarterly revenue and higher margins, while the shares were roughly flat, up 0.4% after earnings. The call cited accelerating demand and a larger backlog, alongside an outlook for approximately 8% wafer-start growth in 2026.

Key Takeaways

• Revenue rose approximately 25% year over year to slightly more than $1 billion; both APS and MS delivered double-digit growth.
• Adjusted gross margin reached 48.9%, up more than 500 basis points from a year earlier; adjusted EBITDA margin exceeded 30%.
• Unit-driven revenue growth accelerated to 20% in Q3 from approximately 6% in Q1. CapEx-related revenue grew more than 35% in Q3.
• Book-to-bill remained significantly above 1; backlog increased more than 35% sequentially and more than doubled year over year.
• Management expects approximately 8% wafer-start growth in 2026, but said mainstream utilization remains the most underutilized part of the market.