Entegris, Inc
Entegris makes advanced materials and process solutions used in semiconductor manufacturing, where ultra-high purity and contamination control are critical. Its products and technical support help chipmakers and related equipment/materials suppliers improve yield, performance, and time to production in advanced fabrication environments.
Tilikausi 2025 · muutos edellisvuodesta
Kehitys 2020–2025
Liiketoiminta
Osuus liikevaihdostaFiltration, purification, handling, and contamination-control products for semiconductor and high-tech manufacturing.
Process chemicals and materials used in deposition, CMP, etch, clean, and related wafer fabrication steps.
Tuotteet
Raportoitu · osuus liikevaihdosta- Fabs61,7 %
- Equipment and Engineering14,7 %
- Chemical and Materials10,0 %
- Semi Distributor and Other8,5 %
- Non Semi5,1 %
Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.
Asiakkaat
Entegris sells primarily to semiconductor manufacturers, including leading logic and memory fabs, as well as OEMs and semiconductor materials suppliers. It also serves chemical companies and equipment makers that need high-purity materials and process-enabling products for advanced nodes and complex manufacturing flows.
Buy process materials and purity solutions to protect yield and support advanced node manufacturing.
Use Entegris products in critical process steps where contamination control and performance matter most.
Buy qualified materials and subsystems that must integrate into semiconductor tools and process flows.
Purchase complementary materials and solutions used in the broader semiconductor ecosystem.
Strategia
Entegris is focused on deepening its role in advanced semiconductor manufacturing by expanding content per wafer and supporting customers earlier in the design and qualification cycle. Management is also prioritizing advanced manufacturing investment, R&D, and debt reduction while keeping the portfolio centered on core businesses with the highest strategic value.
More advanced chip architectures require more purity and process-control content from Entegris.
Early design-stage involvement makes products harder to displace and supports long-term adoption.
Technology leadership and supply reliability are key differentiators in semiconductor materials.
Divestitures and debt paydown improve focus and financial flexibility.
Maantiede
Q1/2026Entegris is globally exposed, with international customers representing 82% of net sales in 2025 and the U.S. representing 18%. Sales are concentrated in Asia, especially Taiwan, China, South Korea, Japan, and Southeast Asia, which ties performance closely to semiconductor manufacturing activity in those regions.
Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.
Riskit
The business is highly exposed to semiconductor demand cycles, customer concentration, and the pace of technology transitions in chip manufacturing. It also faces global operating risks from trade restrictions, tariffs, supply chain concentration, cybersecurity threats, and regulatory complexity across the regions where it sells and manufactures.
- Semiconductor demand cyclicalityVaikutus: KorkeaTodennäköisyys: Kohtalainen
Sales depend on wafer fab activity and customer capital/process spending, which can move sharply with the chip cycle.
Kohdistuu: Materials and process solutions tied to semiconductor manufacturing volumes
- Customer concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen
A small number of large customers account for a meaningful share of sales, increasing bargaining and volume risk.
Kohdistuu: TSMC represented 16% of net sales in 2025; top ten customers were 50%
- Supply chain and sourcing disruptionVaikutus: KorkeaTodennäköisyys: Kohtalainen
Some inputs come from sole or limited-source suppliers, which can constrain output or raise costs.
Kohdistuu: Critical materials and components for advanced manufacturing
- Trade restrictions and geopolitical exposureVaikutus: KorkeaTodennäköisyys: Kohtalainen
The company sells heavily into Asia and is exposed to export controls, sanctions, tariffs, and regional tensions.
Kohdistuu - Goodwill and acquisition-related impairmentVaikutus: KeskitasoTodennäköisyys: Korkea
Past acquisitions and reporting-unit valuations can be pressured by weaker industry conditions or underperformance.
- Cybersecurity and IT disruptionVaikutus: KeskitasoTodennäköisyys: Kohtalainen
Operations depend on secure handling of customer, IP, and manufacturing data across global systems.
Kirjanpito
Harkinnanvaraiset erätAnnual and interim impairment tests depend on stock price, industry trends, and reporting-unit performance.
Vaikutus: Could create non-cash charges if fair value falls below carrying value
Management uses judgment in valuing acquired assets, intangibles, and property, plant and equipment.
Vaikutus: Affects amortization, depreciation, and future impairment risk
Recent divestitures remove prior-period revenue and segment profit from the base.
Vaikutus: Can distort year-over-year growth and margin trends
A large share of sales is international, so currency moves affect reported revenue and margins.
Vaikutus: Quarterly sales and profitability can shift with FX
Management disclosed a prospective change that reduces depreciation expense and raises gross margin.
Vaikutus: Will affect gross margin, ER&D, and inventory values in 2026
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Päivitetty: 24.9.2026