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ENTG · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Entegris Inc (ENTG) stock moving?
Entegris reported Q3 2026 results on Oct 29 that beat consensus, with adjusted EPS of $1.23 against $1.02 expected and sales of $1.005B against $923M, and guided Q4 adjusted EPS to $1.32-$1.40 and sales to $1.025B-$1.055B, both above estimates. The stock jumped to a high of $170.06 that day, but it has since fallen about 19% from that peak. The sharpest move came Nov 4-5, when the stock dropped to $124.75 on 9.1M shares, roughly double the average volume, with no explanation in the provided news. It has since recovered to $138.57 on Nov 10. The Nov 9 Capital Markets Day added a long-term revenue CAGR target of about 15%, an adjusted EPS CAGR of about 30%, a $500M buyback authorization, and an expected 10% dividend increase from Q1 2027. Other recent catalysts include the Kioxia partnership (Nov 6) and the Advanced Abrasives acquisition (Nov 3). Post-earnings broker actions were mostly positive, with targets from $185 to $224 at Needham, Truist, BMO, UBS and Barclays, while Goldman Sachs keeps a Sell with a $135 target, close to the current price. Recent price zones are roughly $124-$128 as a floor, set by the Oct 22 and Nov 5 lows, and $150-$160 as an upper area, set by the Oct 30 close and Nov 3 high. The current price remains above the pre-earnings level near $128-$134, but well below the post-earnings peak, so the story is fundamentally supportive while the trading picture is still volatile.
News behind the analysis
- Entegris Outlines Long-Term Growth Strategy at 2026 Capital Markets DayEntegris presented its long-term growth strategy and financial model at its 2026 Capital Markets Day.
- Entegris Updates Long-Term Revenue CAGR Target To ~15%, Driven By Customers’ Increasing Materials Intensity And Contamination Control Requirements; Sees Adjusted EPS CAGR Of ~30%Entegris set a long-term revenue CAGR target of about 15%, an adjusted gross margin of about 55%, an adjusted operating margin of about 35%, and an adjusted EPS CAGR of about 30%.
- Entegris Board Authorizes $500M Share Repurchase Program; Expects To Raise Quarterly Cash Dividend By 10% Starting In Q1 Of 2027The board authorized a $500 million share repurchase program and expects to raise the quarterly cash dividend by 10% from Q1 2027.
- Entegris Expands Strategic Partnership with Kioxia for Memory InnovationEntegris expanded its strategic partnership with Kioxia to advance materials and process technologies for BiCS FLASH 3D flash memory.
- Entegris Completes Acquisition of Advanced Abrasives Corporation and Expands into Thermal Management MaterialsEntegris completed its acquisition of Advanced Abrasives Corporation and entered silicon carbide and diamond-enabled thermal management materials for AI advanced packaging.
- BMO Raises Price Target on Entegris to $195 From $167, Keeps Outperform RatingBMO Capital Markets raised its price target on Entegris to $195 from $167 and kept an Outperform rating.
- Barclays Maintains Overweight on Entegris, Raises Price Target to $224Barclays kept its Overweight rating and raised its price target on Entegris to $224.
- Goldman Sachs Maintains Sell on Entegris, Raises Price Target to $135Goldman Sachs kept its Sell rating and raised its price target on Entegris to $135, the lowest target among the cited brokers.
- Entegris Q3 Adj. EPS $1.23 Beats $1.02 Estimate, Sales $1.005B Beat $923.304M EstimateEntegris reported Q3 2026 adjusted EPS of $1.23 and sales of $1.005B, both above estimates.
- Entegris Sees Q4 Adj EPS $1.32-$1.40 vs $1.11 Est; Sees Sales $1.025B-$1.055B vs $959.240M EstEntegris guided Q4 2026 adjusted EPS to $1.32-$1.40 and sales to $1.025B-$1.055B, above consensus estimates.
About Entegris Inc
Entegris is a Billerica, Massachusetts–based supplier of specialty materials and process products used to make semiconductors, with about 7,700 employees worldwide. It is known for contamination control and purity: filters, high-purity chemicals, and wafer and chemical handling containers that help chipmakers get more working chips per wafer, especially at advanced manufacturing nodes.
How it makes money
Entegris sells consumable products to chipmakers and equipment makers. These include CMP slurries and pads, specialty chemicals, deposition materials, liquid and gas filters, and wafer carriers and fluid-handling products. Most sales are recurring "unit-driven" consumables that track how many wafers fabs produce. A smaller share is "capex-driven" and depends on new fab construction and equipment spending. Quarterly revenue was roughly $1.0 billion in Q3 2026, about 25% higher than a year earlier, and the company also pays a small quarterly dividend.
What usually moves ENTG
- Semiconductor wafer production volumes and fab utilization
- Chipmaker capital spending on new fabs
- AI-driven demand for advanced logic and memory chips
- Debt reduction and margin trends
- US–China export controls and trade policy