-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
ENTG posted Q1 sales of $812M (+5% Y/Y), modestly ahead of consensus of $806M, driven by unit volume growth in advanced manufacturing processes. Non-GAAP EPS of $0.86 (+28% Y/Y) more materially beat Street expectations of $0.75, helped by continued expansion in adjusted gross margin (46.9%, +80 bps Y/Y) and adjusted operating margin of (23.6%, +150 bps). Q2 guidance called for sales and adjusted EPS midpoints of $830M and $0.80, respectively, near expectations for $828M/$0.77. We think ENTG's lower bar should mean minimal price movement despite somewhat underwhelming guidance, with semi equip peers being punished this earnings season for anything less than blowout results. We believe ENTG should continue facing headwinds in 2026 from mature node weakness in auto/industrial and competitive pressures in China, though we note recent signs of a stronger auto recovery in certain advanced areas. The company appointed Sukhi Nagesh as CFO effective May 18, 2026, bringing ~30 years of tech industry experience.