Entegris (ENTG) Q1 FY26 earnings call

Entegris delivered a solid Q1 FY26, exceeding guidance on key profitability metrics and demonstrating strong free cash flow generation, which enabled accelerated deleveraging. The company is benefiting from an improving semiconductor industry environment, particularly in advanced logic and DRAM driven by AI, and is focused on structural gross margin expansion and operational efficiency. While CapEx-driven revenue saw a modest Q1 decline due to prior-year tariff pull-ins and mainstream logic remains mixed, management anticipates CapEx revenue to increase throughout the year and expects to reduc