Credit and interest ratesnegative · 4 filings
“The decrease primarily reflects lower interest expense related to lower average debt balances for the period due to repayments on the Company’s outstanding debt.”10-Q · Apr 30, 2026 ↗
Entegris, Inc.
ENTG
Market read
Entegris, Inc.'s move is spreading beyond its market group.
ENTG accounts for 4.8% of the group's measured movement across 9.8 effective names. raw member direction is mixed; 7 of 12 session-normalized paths align to the upside. Capital-flow agreement is 52%, so confirmation is not yet clean. No verified headline preceded the measured group move.
MOVE ANATOMY
Session-normalized 5m pathsIs this move genuinely shared?
Role in the moveAligned contributor#9 of 12 by movement share
Group movement share4.8%Absolute path energy—not portfolio weight
Relative path+1.09%aligned
Effective breadth9.8 / 12broad
Relative alignment7/12upside path · 5 counter-moving
Capital-flow agreement52%not yet clean
SEQUENCE READ
AMAT, ACLS moved materially before ENTG. ENTG crossed its material path threshold at 15:30 ET, 5 minutes after the first measured mover. COHU, AZZ, APG followed.
What changed
- Revenue increased 5.0% versus the comparable filing period.
EVIDENCE COVERAGE
5 of 29 members in Semiconductor Manufacturing are active. 2 of 7 disclosed connections are confirming.
What would change this read
Watch this read- At least 19 of 29 durable members become active together.
- Capital-flow agreement rises above 55%.
- ACMR remains aligned with the group in the next market snapshot.
Invalidation: The live read weakens if participation falls to 10 of 29 members or fewer.
Research brief
The story so far
ENTG accounts for 4.8% of the group's measured movement across 9.8 effective names. raw member direction is mixed; 7 of 12 session-normalized paths align to the upside. Capital-flow agreement is 52%, so confirmation is not yet clean. No verified headline preceded the measured group move.
Evidence that supports
- Revenue increased 5.0% versus the comparable filing period.
- Operating margin improved 1.6 percentage points.
- Net income increased 46.3% versus the comparable filing period.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- At least 19 of 29 durable members become active together.
- Capital-flow agreement rises above 55%.
- ACMR remains aligned with the group in the next market snapshot.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations341
Usable filing statements97
Verified relationships7
Evidence supporting the case
- Operating cash flow covered net income at 2.95x in the latest annual period.
Evidence challenging the case
- Latest annual revenue changed -1.4% year over year.
- Operating margin changed -2.2 percentage points in the latest annual period.
- Net margin changed -1.7 percentage points in the latest annual period.
- Credit and interest rates has repeated adverse evidence across 4 filings.
- Demand and volume has repeated adverse evidence across 4 filings.
- Restructuring and cost reductions has repeated adverse evidence across 3 filings.
Questions before a position
- P/E is 68% above the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 44% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 30, 2026
153.946m+31.3%12m+64.6%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$2.3B+23.6%$3.00+0.2%
2022-12-31$3.3B+42.8%$1.46+4.8%
2023-12-31$3.5B+7.4%$1.20+5.4%
2024-12-31$3.2B-8.0%$1.93+0.6%
2025-12-31$3.2B-1.4%$1.55+0.3%
What management says matters
Persistent and emerging business drivers
Demand and volumemixed · 4 filings
“The decrease in sales to customers in Europe primarily relates to decreased demand for our APS products, partially offset by increased demand for our MS products.”10-Q · Apr 30, 2026 ↗
Restructuring and cost reductionsnegative · 3 filings
“During 2025, the Company recorded an impairment charges of $ 11.7 million related to long-lived assets as a result of restructuring initiatives that took place during the year.”10-K · Feb 11, 2026 ↗
Input and raw-material costsnegative · 2 filings
“The segment profit decrease was primarily due to lower sales, unfavorable product mix and higher restructuring costs of $13.2 million in the current period.”10-Q · Oct 30, 2025 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 7.3× · EV/sales 8.4×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
159.49+3.0% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 1 Oct, 13:30 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for ENTG. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
Fundamentals strengthened in the latest filing
10-Q filed 2026-04-30 against the comparable filing from 2025-05-07.
OperationsconstructiveEvidence score +3
liquidityneutralEvidence score 0
valuationmixed
What improved
- Revenue increased 5.0% versus the comparable filing period.
- Operating margin improved 1.6 percentage points.
- Net income increased 46.3% versus the comparable filing period.
What weakened
No thresholded deterioration was identified.
Filing receipts
“The segment profit increase was primarily due to higher gross profit related to an increase in sales and lower depreciation expense as a result of changes in useful lives of certain of our property, plant and equipment.”
“An analysis of the factors underlying the change in net sales is presented in the following table: (In millions) Net sales in the three months ended March 29, 2025 $ 773.2 Increase primarily associated with volume 37.5 Increase associated with effect of foreign currency translation 1.2 Net sales in the three months ended March 28, 2026 $ 811.9 As described in the table above, the increase in net sales was primarily attributable to a $37.5 million increase in sales primarily due to increased sales from both of our reporting segments and an increase of $1.2 million of sales attributable to favorable foreign currency translations compared to the fiscal quarter ended March 29, 2025.”
“$ 811.9 As described in the table above, the increase in net sales was primarily attributable to a $37.5 million increase in sales primarily due to increased sales from both of our reporting segments and an increase of $1.2 million of sales attributable to favorable foreign currency translations compared to the fiscal quarter ended March 29, 2025.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind ENTG
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
TDThe Toronto-Dominion BanksupplierFeb 11, 2026 ▾
“We have also expanded capacity at existing facilities, including liquid filtration in Billerica, Massachusetts and Yonezawa, Japan, deposition materials in Toronto, Ontario, materials handling in Chaska, Minnesota and JangAn, Korea, CMP filter and CMP slurrie…”
DHRDanaher CorporationcompetitorFeb 11, 2026 ▾
“Notable competitors with respect to our reporting segments include: 9 Table of Contents Advanced Purity Solutions Materials Solutions Pall Corporation (part of Danaher Corporation) EMD Performance Materials division of Merck KGaA Shin-Etsu Polymer Co.”
Depended on by
SKYTSkyWater Technology IncsupplierMar 11, 2026 ▾
“LTD.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 11 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
ENTG is currently a Participant in the organic co-movement group Semiconductor Manufacturing. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.