Entegris Authorizes $500 Million Buyback, Plans 10% Dividend Increase at Capital Markets Day
Entegris is lining up more cash for shareholders. The semiconductor-materials supplier said its board authorized a $500 million share repurchase program and that it expects to raise its quarterly cash dividend by 10% starting in the first quarter of 2027, according to an 8-K filed Tuesday.
The board approved the buyback on Nov. 8. The program has no expiration date, and repurchases may come through open-market purchases, privately negotiated deals, accelerated share repurchase arrangements or Rule 10b5-1 plans. The company is not obligated to buy any set amount, and the dividend increase still needs board declaration.
The capital-return news came with a new long-term financial model that Entegris laid out at its 2026 Capital Markets Day on Monday.
The targets
Entegris said it is targeting compound annual revenue growth of an estimated 15%, an adjusted gross margin of an estimated 55%, an adjusted operating margin of an estimated 35% and compound annual adjusted earnings-per-share growth of an estimated 30%, according to the press release.
The company tied the revenue goal to customers' rising "materials intensity and contamination control requirements." It said the long-term revenue growth target had been updated.
Entegris also outlined a capital allocation framework built on organic growth and innovation, "disciplined" acquisitions and returning an estimated 50% of excess cash to shareholders. The release said the company had made significant progress in reducing its net leverage ratio.
"AI is driving a new era of semiconductor innovation, accelerating technology transitions and increasing the complexity of device architectures," Chief Executive Dave Reeder said in the release.
By the numbers
- New buyback authorization: $500 million, no expiration
- Expected dividend increase: 10%, beginning Q1 2027
- Long-term revenue growth target: an estimated 15% a year
- Long-term adjusted operating margin target: an estimated 35%
- Long-term adjusted EPS growth target: an estimated 30% a year
Sources
- Form 8-K with Exhibit 99.1 press release, Entegris, Inc., filed Nov. 10, 2026, accession 0001140361-26-042892
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