Entegris Accelerates Growth and Expands Profitability in Q2 2026
Entegris, a leading provider of materials handling solutions for the semiconductor industry, has reported another strong quarter in its financial performance. The company's second quarter 2026 results exceeded guidance ranges on all metrics, with revenue growth of 11% year-over-year driven by double-digit growth in both unit and CapEx-driven businesses.
According to CEO Dave Reeder, Entegris continued to capitalize on accelerating AI-driven demand and significant investment across the semiconductor ecosystem. The company's focus on core semiconductor businesses has enabled it to strengthen its position in the market, with unit-driven revenues growing 10% in the second quarter.
One of the key highlights of the quarter was the strong growth in liquid filtration, CMP pads, advanced deposition materials, and selective etch chemistries. Liquid filtration delivered its fourth consecutive record quarter, reflecting the increased material content required to manufacture at the leading edge of technology transitions.
CapEx-related revenue also increased 15% year-over-year in the second quarter, driven by significant growth in FOUPs and broad-based strength in gas filtration and purification solutions. The company sees customers accelerating investments to support AI infrastructure with increasing activity across advanced logic, HBM memory, and advanced packaging ecosystems.
Bookings across Entegris' CapEx-oriented businesses strengthened throughout the quarter, driving backlog levels higher and providing greater visibility into customer spending plans. The company believes these trends reflect the early stages of a broader semiconductor investment cycle, which should benefit Entegris through both the construction phase and the subsequent ramp to high-volume manufacturing.
As demand continues to build across areas such as filtration, specialty coatings, FOUPs, and CMP, Entegris is proactively scaling ahead of the market, unlocking capacity, expanding capabilities, and strengthening supply chain readiness. Leveraging its existing global footprint and prior capacity investments, the company is well-positioned to meet customer needs, support technology roadmaps, and capitalize on the opportunities ahead.
Adjusted gross margin was another highlight of the quarter, exceeding guidance range and reaching its highest level since early 2022. The improvement reflects stronger operational execution and the benefits of actions taken over the past several quarters to simplify and optimize the business.
In terms of profitability, Entegris reported another strong performance in Q2 2026, with adjusted gross margin reaching 34.1% compared to guidance range of 32-33%. This represents a 4.5% improvement year-over-year and marks the highest level since early 2022.
Overall, Entegris' second quarter results demonstrate its ability to execute on strategy, invest in growth opportunities, and deliver strong financial performance. As the semiconductor industry continues to evolve, Entegris is well-positioned to capitalize on emerging trends and drive long-term shareholder value.
