SharkNinja shares soar 11% as third quarter results crush expectations
Investing.com - Entegris, Inc. (NASDAQ:ENTG) shares fell 4.2% on Thursday after the materials supplier for the semiconductor industry issued fourth-quarter guidance that disappointed investors, despite meeting expectations for the third quarter.
The company reported third-quarter adjusted earnings of $0.72 per share, matching analyst estimates, on revenue of $807 million, slightly above the consensus of $804.17 million. Revenue was essentially flat compared to $807.7 million in the same quarter last year.
For the fourth quarter, Entegris expects adjusted earnings of $0.62 to $0.69 per share on revenue between $790 million and $830 million, with the midpoint falling below analyst expectations, triggering the sell-off.
"In the third quarter, revenue, EBITDA and non-GAAP EPS all met guidance; and we delivered record operating cash flow," said Dave Reeder, Entegris’ President and Chief Executive Officer.
"We continue to see key wins and strong momentum in products critical to the most advanced nodes, including liquid filtration & purification, deposition materials and CMP consumables."
The company’s adjusted gross margin was 43.6% for the quarter, down from 46.0% in the year-ago period. Adjusted EBITDA came in at 27.3% of sales, compared to 28.8% a year earlier.
Looking ahead to 2026, Reeder expressed confidence: "Because of the uniqueness of our value proposition and the quality of our execution, we expect to significantly grow our content per wafer, resulting in market outperformance and margin expansion in the years to come."
Entegris serves the semiconductor industry with critical advanced materials and process solutions, employing approximately 8,000 people globally.
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