On August 4, Entegris rose 8.63% in regular trading, trading at $136.605/share, with turnover of $44.17 million. The surge was driven by the company's Q2 earnings release before the open, which significantly exceeded market expectations on all key metrics.
Entegris reported Q2 adjusted EPS of $0.93, beating the consensus estimate of $0.82 by 13.4% and rising 40.9% year-over-year from $0.66. Net sales came in at $883.2 million, surpassing the $835.8 million estimate and growing 11.5% from $792.4 million a year earlier. The company's Advanced Planarization Solutions segment remains its revenue pillar, generating $464 million last quarter and accounting for 57.10% of total revenue, driven by robust demand for advanced node materials.
Adding further momentum, Entegris issued Q3 guidance well above Street expectations, projecting non-GAAP diluted EPS of $0.96 to $1.04 versus the $0.93 consensus, and sales of $905 million to $935 million versus the $878.6 million estimate. Adjusted EBITDA margin is expected at approximately 28.0% to 29.0%.
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