Earnings Beat and Raised Guidance Send Entegris (ENTG) Higher

Entegris, Inc. (NASDAQ:ENTG), a leading supplier in the semiconductor industry, reported strong first quarter 2026 results and provided optimistic guidance for the second and third quarters. CEO Dave Reeder's focus on gross margins has led to a substantial improvement, with a gross margin of 46.9% in Q1, surpassing the expected range of 44.5-45.5% and representing a 310 basis point increase from Q4 2025.

Entegris aims to bring net leverage to 3.0x by year-end, supported by robust free cash flow of at least $450 million. The company's position in the top 10 holdings of the BBH Select Series – Mid Cap ETF contributed significantly to the fund's total return, with Entegris returning 53.5% during the quarter.