Semiconductor materials supplier Entegris (NASDAQ: ENTG) will be reporting earnings this Thursday before market hours. Here’s what investors should know.
Entegris beat analysts’ revenue expectations last quarter, reporting revenues of $883.2 million, up 11.5% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ operating income estimates.
Is Entegris a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Entegris’s revenue to grow 14.8% year on year, improving from its flat revenue in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Entegris has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Entegris’s peers in the semiconductor manufacturing segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Teradyne delivered year-on-year revenue growth of 69.8%, beating analysts’ expectations by 3%, and Lam Research reported revenues up 54.4%, in line with consensus estimates. Lam Research traded down 11.8% following the results.
Read our full analysis of Teradyne’s results here and Lam Research’s results here.
Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. While some of the semiconductor manufacturing stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 8.3% on average over the last month. Entegris is down 1.1% during the same time and is heading into earnings with an average analyst price target of $179.93 (compared to the current share price of $149.00).
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