Entegris authorizes up to $500M in share buybacks
Entegris expects to return approximately 50% of excess cash to shareholders under its long-term capital allocation framework.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
8-K
Rhea-AI Filing Summary
Entegris (ENTG) authorized a share repurchase program for up to $500 million of outstanding common stock and outlined an updated long-term financial model. The program has no expiration date, does not require Entegris to repurchase a particular amount, and may be suspended or discontinued at any time. Repurchases may be made through open-market purchases, privately negotiated transactions, accelerated share repurchase arrangements or Rule 10b5-1 trading plans; management will determine amounts and timing based on market conditions and other factors. Entegris expects to increase its quarterly cash dividend by 10% beginning in the first quarter of 2027, subject to the Board's discretion and approval of the declaration, amount and timing.
The long-term targets are approximately 15% revenue CAGR, 55% adjusted gross margin, 35% adjusted operating margin and 30% adjusted earnings-per-share CAGR. Entegris's capital allocation framework calls for returning approximately 50% of excess cash to shareholders. The adjusted targets are non-GAAP measures; the company says it cannot reconcile these forward-looking measures because excluded items cannot be reasonably predicted and could be material.
8-K Event Classification
3 items: 7.01, 8.01, 9.01
3 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Share repurchase authorization: Up to $500 million
Quarterly cash dividend increase: 10%
Revenue CAGR: Approximately 15%
+3 more
6 metrics
Share repurchase authorization
Up to $500 million
Authorized share repurchase program
Quarterly cash dividend increase
10%
Expected beginning in the first quarter of 2027
Revenue CAGR
Approximately 15%
Long-term financial model target
Adjusted gross margin
Approximately 55%
Long-term financial model target
Adjusted operating margin
Approximately 35%
Long-term financial model target
Adjusted earnings-per-share CAGR
Approximately 30%
Long-term financial model target
Key Terms
compound annual growth rate, adjusted gross margin, accelerated share repurchase arrangements, non-GAAP financial measures
4 terms
compound annual growth rate financial
"compound annual growth rate (CAGR) for revenue"
The compound annual growth rate (CAGR) shows how much an investment or value has grown, on average, each year over a specific period. It considers the effect of growth that compounds or builds upon itself, similar to how interest accumulates in a savings account. Investors use CAGR to compare different investments’ long-term performance and to understand how steady or consistent their growth has been over time.
adjusted gross margin financial
"adjusted gross margin of approximately 55%"
Adjusted gross margin is a measure of how much profit a company makes from its sales after accounting for certain expenses or one-time costs, but before deducting other operating expenses. It helps investors see the company's core profitability more clearly by removing factors that might distort the usual profit picture, similar to a runner measuring their speed without considering obstacles or weather. This metric provides a clearer view of the company's ongoing financial health.
non-GAAP financial measures financial
"measures that are not presented in accordance with U.S. generally accepted accounting principles"
Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much stock is Entegris (ENTG) authorized to repurchase?
Entegris may repurchase up to $500 million of its outstanding common stock. The program has no expiration date and does not obligate the company to buy any particular amount; it may be suspended or discontinued at any time. Repurchases may be made through open-market purchases, privately negotiated transactions, accelerated share repurchase arrangements or Rule 10b5-1 trading plans.
When does Entegris (ENTG) expect to increase its dividend?
Entegris expects to increase its quarterly cash dividend by 10% beginning in the first quarter of 2027. The declaration, amount and timing of any future dividend are subject to the Board's discretion and approval.
What are Entegris (ENTG)'s long-term financial targets?
The targets are approximately 15% revenue CAGR, approximately 55% adjusted gross margin, approximately 35% adjusted operating margin and approximately 30% adjusted earnings-per-share CAGR. The adjusted margin and earnings-per-share targets are non-GAAP measures; Entegris says it cannot reconcile the forward-looking targets because certain excluded items cannot be reasonably predicted without unreasonable efforts.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTIONS 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) November 8, 2026
(Exact name of registrant as specified in its charter)
|
|
|
|
|
(State or Other Jurisdiction of Incorporation)
|
(Commission File Number)
|
(I.R.S. Employer Identification No.)
|
|
|
|
|
|
(Address of principal executive offices)
|
(Zip Code)
|
(978 ) 436-6500
(Registrant’s telephone number, including area code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions:
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Securities registered pursuant to Section 12(b) of the Act:
|
Title of each class
|
Trading Symbol(s)
|
Name of each exchange on which registered
|
|
|
|
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 7.01 |
Regulation FD Disclosure.
|
On November 9, 2026, Entegris, Inc. (the “Company”) hosted its 2026 Capital Markets Day (the “Capital Markets Day”). At the event, members of management presented
information on, among other things, the Company’s long-term growth strategy, long-term financial model and capital allocation framework. The event was webcast live on the Company’s investor relations website at investor.entegris.com. A copy of the
press release the Company issued on November 9, 2026 about the Capital Markets Day is furnished as Exhibit 99.1 to this Current Report on Form 8-K. A copy of the presentation materials used at the event is furnished as Exhibit 99.2. The
presentation materials are also available on the Company’s investor relations website. Information on or accessible through the Company’s website is not incorporated by reference into this Current Report on Form 8-K.
The information in this Item 7.01, including Exhibits 99.1 and 99.2, is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. It shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as
expressly set forth by specific reference in such filing. The furnishing of the information in this Item 7.01 is not an admission as to the materiality of such information.
| Item 8.01 |
Other Events.
|
Share Repurchase Program. On November 8, 2026,
the Board of Directors of the Company (the “Board”) authorized a share repurchase program under which the Company may repurchase up to $500 million of its outstanding common stock. The program has no expiration date. Repurchases may be made from
time to time through open market purchases, privately negotiated transactions, accelerated share repurchase arrangements or Rule 10b5-1 trading plans. Management will determine the amount and timing of repurchases based on market conditions and
other factors. The program does not obligate the Company to acquire any particular amount of its common stock and may be suspended or discontinued at any time.
Dividend. The Company also announced that it
expects to increase its quarterly cash dividend by 10% beginning in the first quarter of 2027. The declaration, amount and timing of any future dividend are subject to the discretion and approval of the Board.
Forward-Looking Statements. Certain statements
and assumptions in this Current Report on Form 8-K, including Exhibit 99.1 and Exhibit 99.2 hereto, contain forward-looking statements, including, without limitation, statements about the Company’s share repurchase program and expected dividends.
These statements involve risks and uncertainties that could cause actual results to differ materially, including those described under “Risk Factors” in Item 1A of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31,
2025, and in the Company’s subsequent filings with the Securities and Exchange Commission. The forward-looking statements in this report speak only as of the date hereof. Except as required by law, the Company undertakes no obligation to update
any forward-looking statements.
| Item 9.01 |
Financial Statements and Exhibits.
|
(d) Exhibits
EXHIBIT INDEX
|
Exhibit
No.
|
Description
|
|
99.1
|
Press Release, dated November 9, 2026
|
|
99.2
|
Capital Markets Day Presentation
|
|
104
|
Cover Page Interactive Data File (embedded within the Inline XBRL document)
|
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
|
ENTEGRIS, INC.
|
||
|
Dated: November 10, 2026
|
By:
|
/s/ Sukhi Nagesh
|
|
Name:
|
Sukhi Nagesh
|
|
|
Title:
|
Senior Vice President and Chief Financial Officer
|
|
Exhibit 99.1
 |
NEWS RELEASE
|
ENTEGRIS DETAILS GROWTH STRATEGY AND LONG-TERM FINANCIAL MODEL AT 2026 CAPITAL MARKETS DAY
| • |
Entegris updates its long-term revenue CAGR target to ~15%, driven by customers’ increasing materials intensity and contamination control requirements
|
| • |
Disciplined execution and capital efficiency expected to support significantly higher profitability and cash flow
|
| • |
Board authorizes $500 million share repurchase program
|
BILLERICA, Mass.,
November 9, 2026 - Entegris, Inc. (Nasdaq: ENTG), a leading supplier of critical advanced materials and process solutions for the semiconductor and other high-technology industries, today outlined its long-term growth strategy and
financial model at its 2026 Capital Markets Day.
Dave Reeder, President and Chief Executive Officer of Entegris, said, “AI is driving a new era of semiconductor innovation, accelerating technology transitions and increasing the complexity of device architectures. As the requirements for materials and purity continue to rise,
Entegris is more critical than ever to enabling the industry’s most advanced technologies. Our technology leadership, broad portfolio and strong customer partnerships, position us to capture these opportunities, while we continue to accelerate
innovation, productivity and execution across the company. We expect strong revenue and earnings growth, together with greater capital efficiency, to drive increased cash flow, enabling us to
invest in growth while returning approximately 50% of excess cash to shareholders.”
At Capital Markets Day, Entegris introduced an updated long-term financial model
targeting a compound annual growth rate (“CAGR”) for revenue of approximately 15%, adjusted gross margin of approximately 55%, adjusted operating margin of approximately 35%, and adjusted earnings per share CAGR of approximately 30%. The company
expects revenue growth, significant margin expansion and greater capital efficiency will accelerate cash flow generation.
With significant progress made in reducing its net leverage ratio, Entegris also outlined
its long-term capital allocation framework, focused on investing in organic growth and innovation, executing a disciplined approach to strategic M&A and returning approximately 50% of excess cash to shareholders.
In support of this capital allocation
framework, Entegris announced that its Board of Directors has authorized a $500 million share repurchase program and that the company expects to raise its quarterly cash dividend by 10% starting in the first quarter of 2027, subject to
declaration by the Board. Share repurchases may be made from time to time through open market purchases, privately negotiated transactions, accelerated share repurchase arrangements or Rule 10b5-1 trading plans, in amounts and at times determined
by management based on market conditions and other factors. The repurchase program does not
obligate the company to acquire any particular amount of its common stock and may be suspended or discontinued at any time.
A webcast replay of the Capital Markets Day event and the accompanying presentation materials will be available
on the Investor Relations section of Entegris’ website at investor.entegris.com.
ABOUT ENTEGRIS
Entegris is a leading supplier of critical advanced materials and process solutions for the semiconductor and
other high-tech industries. Entegris has approximately 9,000 employees throughout its global operations and is ISO 9001 certified. It has manufacturing, customer service and/or research facilities in the United States, Canada, China, Germany,
Israel, Japan, Malaysia, Singapore, South Korea, and Taiwan. Additional information can be found at www.entegris.com.
USE OF NON-GAAP FINANCIAL MEASURES
This news release contains references to “Adjusted Operating Margin,” “Adjusted Gross Margin,” “Diluted Non-GAAP
Earnings per Common Share” and other measures that are not presented in accordance with U.S. generally accepted accounting principles (“GAAP”). Management uses these non-GAAP financial measures to evaluate Entegris, Inc.’s (the “Company”)
operating and financial performance and for planning purposes, and believes they provide investors with useful supplemental information and facilitate period-to-period comparisons by excluding items that management does not consider indicative of
the Company’s ongoing operating performance. The non-GAAP financial measures should not be considered in isolation or as a substitute for GAAP financial measures but should instead be read in conjunction with the GAAP financial measures. Non-GAAP
financial measures have limitations: they do not reflect all of the amounts associated with the Company’s results as determined in accordance with GAAP, the excluded items may recur and may have a material impact on the Company’s reported results,
and other companies may calculate similarly titled measures differently, which may limit their usefulness as comparative measures. Further information with respect to and reconciliations of such historical measures, and of the estimated 2026
non-GAAP financial measures presented, to the most directly comparable GAAP measure can be found on our website. The Company does not provide a reconciliation of the forward-looking non-GAAP
financial measures reflected in its long-term financial targets to the most directly comparable GAAP measures because certain items excluded from these non-GAAP measures, such as restructuring, acquisition-related and impairment charges, cannot be
reasonably predicted or estimated without unreasonable efforts due to their inherent uncertainty. These items could be material, individually or in the aggregate, to the Company’s future GAAP results.
CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS
This news release contains “forward-looking statements”, including statements about the Company long-term
financial targets, strategy and market outlook. The words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “should,” “may,” “will,” “would” or the negative thereof and similar expressions are intended to identify such
forward-looking statements. These forward-looking statements are based on current management expectations and assumptions only as of the date of this news release. They are not guarantees of future performance and they involve substantial risks and
uncertainties that are difficult to predict and that could cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements. These risks and uncertainties include, but are not limited to, the
Company’s ability to execute its strategic plan and achieve its long-term financial targets, which are based on assumptions about semiconductor industry growth, market share, pricing, costs and capital spending that may prove incorrect;
fluctuations in the demand for semiconductors and the overall volume of semiconductor manufacturing; the impact of global economic uncertainty, including financial market volatility, which may result in lower consumer spending, inflationary
pressures, a higher interest rate environment, an economic recession, and bank instability; supply chain interruptions and the Company’s dependence on sole, single, and limited source suppliers and related raw material shortages and cost increases;
operational, political, legal and other risks associated with the Company’s international operations, including challenges in hiring and integrating workers in different countries, maintaining appropriate business practices across the varied
jurisdictions in which the Company operates, and engaging and managing global, regional and local third-party service providers; risks related to geopolitical uncertainty and regional and global instabilities and hostilities, including, but not
limited to, the ongoing conflicts between Ukraine and Russia, and conflicts in the Middle East, as well as the global responses thereto; export controls, economic sanctions, and similar restrictions; the concentration and consolidation of the
Company’s customer base; the Company’s ability to meet rapid demand shifts; the Company’s ability to continue technological innovation and to introduce new products to meet customers’ rapidly changing requirements; manufacturing and other
operational disruptions or delays; the Company’s ability to complete, ramp and achieve expected utilization of new and expanded manufacturing capacity; IT system failures, network disruptions, and cybersecurity risks; tariffs, additional taxes and
other protectionist measures resulting from international trade disputes, strained international relations and changes in foreign and national security policy; the risks associated with the use and manufacture of hazardous materials; goodwill
impairment; challenges in attracting and retaining qualified personnel; the Company’s ability to protect and enforce intellectual property rights; artificial intelligence; the Company’s environmental, social, and governance commitments; legal and
regulatory risks, including changes in laws and regulations related to the environment, health and safety, accounting standards, and corporate governance, across the jurisdictions in which the Company operates; changes in taxation or adverse tax
rulings; the ability to obtain government incentives and the possibility that competitors will benefit from government incentives for which the Company does not qualify; the amount and consequences of the Company’s indebtedness, the Company’s
ability to repay its debt and to obtain future financing, and the Company’s obligations under its current outstanding credit facilities; the Company's capital allocation strategy, which may be modified at any time for any reason, including share
repurchases, dividends, which remain subject to Board approval, debt repayments and potential acquisitions; volatility in the Company’s stock price; the Company’s ability to effectively implement any organizational changes; substantial competition;
the Company’s ability to identify, complete and integrate acquisitions, joint ventures, divestitures or other similar transactions; the impacts of climate change; and other matters. These risks and uncertainties also include, but are not limited
to, the risk factors and additional information described in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the Securities and Exchange Commission (the “SEC”) on February 11, 2026, including under
the heading “Risk Factors” in Item 1A, in the Company’s subsequent Quarterly Reports on Form 10-Q, and in the Company’s other periodic filings with the SEC. Except as required under the federal securities laws and the rules and regulations of the
SEC, the Company undertakes no obligation to update any forward-looking statements or information contained herein, which speak only as of their respective dates.
|
Investor Contact:
Jeffrey Schnell
Vice President, Investor Relations
+ 1 201 207 3029
jeffrey.schnell@entegris.com
|
Media Contact:
Jessica Emond
Senior Director, Global Corporate Communications
+1 978 436 6520
jessica.emond@entegris.com
|
Exhibit 99.2
