Reports › ENTG › 10-Q FY2026

SEC filings, compared

What changed in Entegris's 10-Q for the quarter ended March 28, 2026

Compared with the 10-Q for the quarter ended March 29, 2025. Part I, Item 2 and Part II, Item 1A analysed; every summary checked against the quoted filing text.

Registrant: ENTEGRIS INC · ENTG
This filing: 0001101302-26-000102 ↗ · filed Apr 30, 2026
Compared with: 0001101302-25-000060 ↗ · filed May 7, 2025
Processed: Sep 20, 2026 UTC · parser-v5 · classify-v4 · select-v1

Research tool. Describes what filings say. Not investment advice. Verify independently. Read the cited paragraph before relying on it.

How a report is made

54 material changes among 85 changed paragraphs

18 shown by default across the three sections below; each section's "Show all" reaches the rest, in filing order.

Numbers from XBRL

Each figure is the one the filing itself tagged, taken from the filing that reported it. Not written by a model.

Concept	FY2026	FY2025	Change (our arithmetic)
Revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax	811,900,000USD · Jan 1, 2026 to Mar 28, 2026	773,200,000USD · Jan 1, 2025 to Mar 29, 2025	+38,700,000+5%
Net income or lossus-gaap:NetIncomeLoss	92,000,000USD · Jan 1, 2026 to Mar 28, 2026	62,900,000USD · Jan 1, 2025 to Mar 29, 2025	+29,100,000+46.3%
Cash and cash equivalentsus-gaap:CashAndCashEquivalentsAtCarryingValue	442,700,000USD · at Mar 28, 2026	340,900,000USD · at Mar 29, 2025	+101,800,000+29.9%
Net cash from operating activitiesus-gaap:NetCashProvidedByUsedInOperatingActivities	183,000,000USD · Jan 1, 2026 to Mar 28, 2026	140,400,000USD · Jan 1, 2025 to Mar 29, 2025	+42,600,000+30.3%

Values as tagged in the filing's inline XBRL, resolved by accession rather than by period matching. When a value is not tagged, we show that instead of estimating it. FY2026: 0001101302-26-000102 · FY2025: 0001101302-25-000060

What the company says for the first time

Paragraphs with no counterpart in the prior filing.

9 material additions

Part I, Item 2 · MD&A

8 of 9 shown · Ordered by the model, quote-checked

01AddedPart I, Item 2 › Overview

Summary · quote-checked

Added disclosure that trade developments and tariffs expose operations to supply-chain risks, higher sourcing and manufacturing costs, and additional requirements.

The new MD&A paragraph introduces substantive risks and effects from tariffs and other trade measures, including increased costs and operational requirements.

Why the model ranked it here

The disclosure says tariff developments have already increased sourcing and manufacturing costs and created ongoing supply-chain requirements.

Filing text · FY2025 10-Q · filed May 7, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed Apr 30, 2026

[added] Because of the global nature of our business, these trade developments have exposed, and may continue to expose, our business and operations to various risks, particularly supply chain-related risks. The imposition of tariffs and other trade measures (i) has increased, and may continue to increase, our sourcing and manufacturing costs, (ii) has required, and may continue to require, us to adjust our supply chain and find alternative suppliers, and (iii) may result in manufacturing and delivery delays. In addition, foreign governments may apply rules of origin or other trade measures that treat products we manufacture outside the United States as U.S.-origin goods, potentially subjecting those products to retaliatory tariffs or other restrictions that increase costs for our customers and reduce demand for our products in those markets. As a result, we may face a reduction in the demand for, and in the competitiveness of, our products, including from increased local or domestically sourced competition, harm to our relationships with our customers, and decreased profitability. These risks may be exacerbated by the overall macroeconomic uncertainty stemming from current trade tensions which may slow economic growth and negatively impact the demand for products containing semiconductors, thereby decreasing the demand for our products.

Cite this change

"Because of the global nature of our business, these trade developments have exposed, and may continue to expose, our business and operations to various risks, particularly supply chain-related risks. The imposition of tariffs and other trade measures (i) has increased, and may continue to increase, our sourcing and manufacturing costs, (ii) has required, and may continue to require,"

Entegris, Form 10-Q for FY2026, Part I, Item 2, accession 0001101302-26-000102, filed 30 April 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130226000102/entg-20260328.htm

Comparison: https://yearover.com/reports/entg/0001101302-26-000102?ref=quote

02AddedPart I, Item 2 › Overview

Summary · quote-checked

Added disclosure describing tariffs, retaliatory measures, litigation, and uncertainty affecting products and the supply chain.

The new paragraph introduces substantive trade-policy developments, a Supreme Court ruling, potential additional tariffs, and related product and supply-chain exposure.

Why the model ranked it here

The disclosure introduces significant uncertainty from tariffs, retaliation, litigation, and potential changes affecting the company’s products and supply chain.

Filing text · FY2025 10-Q · filed May 7, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed Apr 30, 2026

[added] Recent and continuing developments in U.S. and foreign trade policy have heightened global trade tensions and created significant uncertainty in macroeconomic and geopolitical environments, particularly with respect to China. Beginning in 2025, the U.S. government imposed tariffs and other trade measures affecting products and materials imported into the U.S., prompting protectionist and retaliatory actions by other countries. In February 2026, the U.S. Supreme Court invalidated tariffs imposed under the International Emergency Economic Powers Act ("IEEPA"). Although a refund process for previously collected IEEPA duties is underway, the timing and scope of recoverable amounts remain uncertain and, even assuming recoverability, such retained amounts would not be material to the Company. Following the ruling, the Administration imposed new tariffs under other statutory authorities and has initiated investigations that may lead to additional tariffs under Section 301 of the Trade Act of 1974 covering a broad range of products and trading partners, including countries in which we operate. If new tariffs are imposed by the U.S., other countries, including countries into which we sell, may once again impose protectionist and retaliatory measures. The U.S. tariff framework remains subject to ongoing litigation, legislative action, and further executive action, any of which could materially alter the tariff rates applicable to our products and supply chain.

Cite this change

"Recent and continuing developments in U.S. and foreign trade policy have heightened global trade tensions and created significant uncertainty in macroeconomic and geopolitical environments, particularly with respect to China. Beginning in 2025, the U.S. government imposed tariffs and other trade measures affecting products and materials imported into the U.S., prompting protectionist and retaliatory actions by other countries. In February 2026, the U.S. Supreme Court invalidated tariffs imposed under the International Emergency Economic Powers Act ("IEEPA"). Although a refund process for previously collected IEEPA duties is underway, the timing and scope of recoverable amounts remain uncertain and, even assuming recoverability, such retained amounts would not be material to the Company. Following the ruling, the Administration imposed new tariffs under other statutory authorities and has initiated investigations that may lead to additional tariffs under Section 301 of the Trade Act of 1974 covering a broad range of products and trading partners, including countries in which we operate. If new tariffs are imposed by the U.S., other countries, including countries into which we sell, may once again impose protectionist and retaliatory measures. The U.S. tariff framework remains subject to ongoing litigation, legislative action, and further executive action, any of which could materially alter the tariff rates applicable to our products and supply chain."

Entegris, Form 10-Q for FY2026, Part I, Item 2, accession 0001101302-26-000102, filed 30 April 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130226000102/entg-20260328.htm

Comparison: https://yearover.com/reports/entg/0001101302-26-000102?ref=quote

03AddedPart I, Item 2 › Debt

Summary · quote-checked

Added disclosure that the Company repaid $50 million under its Term Loan Facility term loans B.

The new paragraph discloses a debt repayment and reduction of an outstanding borrowing obligation, changing the filing’s stated debt position.

Why the model ranked it here

The repayment changes the company’s outstanding borrowing obligations and stated debt position.

Filing text · FY2025 10-Q · filed May 7, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed Apr 30, 2026

[added] During the three months ended March 28, 2026, the Company repaid $50 million under the term loans B under our Term Loan Facility.

Cite this change

"During the three months ended March 28, 2026, the Company repaid $50 million under the term loans B under our Term Loan Facility."

Entegris, Form 10-Q for FY2026, Part I, Item 2, accession 0001101302-26-000102, filed 30 April 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130226000102/entg-20260328.htm

Comparison: https://yearover.com/reports/entg/0001101302-26-000102?ref=quote

04AddedPart I, Item 2 › One Big Beautiful Bill Act

Summary · quote-checked

Added disclosure that the Act affects current-quarter results and that its impact on future tax positions remains under evaluation.

The paragraph introduces a tax-law development affecting reported results and future tax positions, representing a substantive new disclosure rather than wording or boilerplate.

Why the model ranked it here

The disclosure indicates that new tax provisions affect reported results while their implications for future tax positions remain unresolved.

Filing text · FY2025 10-Q · filed May 7, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed Apr 30, 2026

[added] Certain provisions of the Act are effective for tax years beginning after December 31, 2025, and therefore affect the current quarter's financial results. The Company continues to evaluate the impact of the Act on the Company's future tax positions.

Cite this change

"Certain provisions of the Act are effective for tax years beginning after December 31, 2025, and therefore affect the current quarter's financial results. The Company continues to evaluate the impact of the Act on the Company's future tax positions."

Entegris, Form 10-Q for FY2026, Part I, Item 2, accession 0001101302-26-000102, filed 30 April 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130226000102/entg-20260328.htm

Comparison: https://yearover.com/reports/entg/0001101302-26-000102?ref=quote

05AddedPart I, Item 2 › One Big Beautiful Bill Act

Summary · quote-checked

Added disclosure of the One Big Beautiful Bill Act, its enactment date, accounting treatment, and key tax provisions affecting financial statements.

The paragraph introduces a new enacted law, specifies when its effects were accounted for, and identifies changes to interest expense limitations, FDII, and GILTI.

Why the model ranked it here

The enacted tax law changes interest deduction and international tax rules that affect the company’s financial statements.

Filing text · FY2025 10-Q · filed May 7, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed Apr 30, 2026

[added] The One Big Beautiful Bill Act (the "Act") was enacted on July 4, 2025. In accordance with ASC 740-10, the Company accounted for the effects of the Act in the quarter ended September 27, 2025, which was the quarter of enactment. The key provisions of the Act impacting the Company's financial statements include the modification of interest expense limitations under Section 163(j) and revisions to foreign-derived intangible income (FDII) and global intangible low-taxed income (GILTI).

Cite this change

"The One Big Beautiful Bill Act (the "Act") was enacted on July 4, 2025. In accordance with ASC 740-10, the Company accounted for the effects of the Act in the quarter ended September 27, 2025, which was the quarter of enactment. The key provisions of the Act impacting the Company's financial statements include the modification of interest expense limitations under Section 163(j) and revisions to foreign-derived intangible income (FDII) and global intangible low-taxed income (GILTI)."

Entegris, Form 10-Q for FY2026, Part I, Item 2, accession 0001101302-26-000102, filed 30 April 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130226000102/entg-20260328.htm

Comparison: https://yearover.com/reports/entg/0001101302-26-000102?ref=quote

06AddedPart I, Item 2 › Recent Events

Summary · quote-checked

Added disclosure of a prospective accounting estimate change and its expected reduction of 2026 depreciation expense.

The paragraph introduces a new accounting estimate change and quantifies its expected effect on depreciation expense, presenting substantive new MD&A information.

Why the model ranked it here

The prospective estimate change is expected to materially reduce depreciation expense and alter reported cost allocations.

Filing text · FY2025 10-Q · filed May 7, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed Apr 30, 2026

[added] This change in accounting estimate is effective beginning in fiscal year 2026 and is applied prospectively to the assets on our balance sheet as of December 31, 2025 and to future asset purchases. Based on the carrying amount of the assets included in property, plant and equipment, net in our condensed consolidated balance sheet as of December 31, 2025, we expect total depreciation expense in 2026 to be reduced by approximately $73.0 million recognized primarily in cost of revenues and R&D expenses. For additional information, see Note 1 to the condensed consolidated financial statements for further discussion of the change.

Cite this change

"This change in accounting estimate is effective beginning in fiscal year 2026 and is applied prospectively to the assets on our balance sheet as of December 31, 2025 and to future asset purchases. Based on the carrying amount of the assets included in property, plant and equipment, net in our condensed consolidated balance sheet as of December 31, 2025, we expect total depreciation expense in 2026 to be reduced by approximately $73.0 million recognized primarily in cost of revenues and R&D expenses. For additional information, see Note 1 to the condensed consolidated financial statements for further discussion of the change."

Entegris, Form 10-Q for FY2026, Part I, Item 2, accession 0001101302-26-000102, filed 30 April 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130226000102/entg-20260328.htm

Comparison: https://yearover.com/reports/entg/0001101302-26-000102?ref=quote

07AddedPart I, Item 2 › Overview

Summary · quote-checked

Added disclosure of Middle East conflict-related market volatility, supply disruptions, raw-material availability risks, and mitigation measures.

The new paragraph identifies a geopolitical event, specific operational dependencies and disruptions, and management’s implemented and planned responses, substantively expanding disclosed risks and obligations.

Why the model ranked it here

The disclosure identifies realized geopolitical disruption risks to shipping, energy, raw materials, and operations, along with mitigation actions.

Filing text · FY2025 10-Q · filed May 7, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed Apr 30, 2026

[added] The military conflict in the Middle East between the U.S., Israel, Iran and other countries has caused uncertainty and volatility in the global markets, including, but not limited to, disruptions to shipping routes, oil and natural gas shortages, energy price fluctuations and availability of certain raw materials used in the production of our products. Revenue relating to products manufactured from raw materials or components sourced from or through this region does not constitute a material portion of our business and historically, we have not derived significant revenue from the region; however, as part of our commitment to the uninterrupted supply and uncompromised quality of our products, we have proactively implemented mitigation measures to manage the situation, including securing additional materials and building inventory, evaluating and activating established business continuity plans, and implementing prioritization measures in order to ensure operational stability. We will continue to closely monitor the situation and evaluate (and, as necessary, implement) additional mitigation measures.

Cite this change

"The military conflict in the Middle East between the U.S., Israel, Iran and other countries has caused uncertainty and volatility in the global markets, including, but not limited to, disruptions to shipping routes, oil and natural gas shortages, energy price fluctuations and availability of certain raw materials used in the production of our products. Revenue relating to products manufactured from raw materials or components sourced from or through this region does not constitute a material portion of our business and historically, we have not derived significant revenue from the region; however, as part of our commitment to the uninterrupted supply and uncompromised quality of our products, we have proactively implemented mitigation measures to manage the situation, including securing additional materials and building inventory, evaluating and activating established business continuity plans, and implementing prioritization measures in order to ensure operational stability. We will continue to closely monitor the situation and evaluate (and, as necessary, implement) additional mitigation measures."

Entegris, Form 10-Q for FY2026, Part I, Item 2, accession 0001101302-26-000102, filed 30 April 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130226000102/entg-20260328.htm

Comparison: https://yearover.com/reports/entg/0001101302-26-000102?ref=quote

08AddedPart I, Item 2 › Recent Events

Summary · quote-checked

Added disclosure of a January 2026 assessment that increased the estimated useful lives of several property, plant and equipment categories.

The paragraph introduces a substantive accounting estimate change affecting asset lives and financial reporting, rather than merely restating presentation or mechanics.

Filing text · FY2025 10-Q · filed May 7, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed Apr 30, 2026

[added] In January 2026, we completed an assessment of the useful lives of our property, plant and equipment and adjusted the estimated useful lives of certain property, plant and equipment to more closely reflect the expected economic lives of these assets. These adjustments followed an analysis of our actual usage of assets, including the technological and physical obsolescence of these assets, our ability to continue to use equipment, historical usage trends, and anticipated capital plans and technology roadmaps, as well as industry trends and practices. Based on this analysis, we determined that the increase in useful lives was warranted and consistent with the Company's historical and anticipated use of these assets. The updated estimated useful lives of certain assets for financial reporting purposes are as follows: buildings and improvements, 5 to 35 years increased to 12 to 40 years; manufacturing equipment, 5 to 10 years increased to 14 years; canisters and cylinders 3 to 12 years increased to 3 to 19 years; molds 3 to 5 years increased to 9 years and lab equipment, 3 to 8 years increased to 9 years.

Cite this change

"In January 2026, we completed an assessment of the useful lives of our property, plant and equipment and adjusted the estimated useful lives of certain property, plant and equipment to more closely reflect the expected economic lives of these assets."

Entegris, Form 10-Q for FY2026, Part I, Item 2, accession 0001101302-26-000102, filed 30 April 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130226000102/entg-20260328.htm

Comparison: https://yearover.com/reports/entg/0001101302-26-000102?ref=quote

Show all 9 in Part I, Item 2 (1 more, in filing order)

What the company no longer says

Paragraphs of the prior filing that this filing dropped. Only last year's text can show these.

12 material removals

Part I, Item 2 · MD&A

5 of 12 shown · Ordered by the model, quote-checked

01RemovedPart I, Item 2 › Overview

Summary · quote-checked

Removed a statement describing difficulty quantifying the business, monitoring an evolving situation, and pursuing supply-chain and other mitigation options.

The removed paragraph disclosed business uncertainty and management’s mitigation response; its absence changes the substance of the company’s stated uncertainty and risk-management disclosure.

Why the model ranked it here

Removing the discussion of business uncertainty and mitigation efforts changes how readers assess the company’s stated operating risks and response.

Filing text · FY2025 10-Q · filed May 7, 2025

Our strategy has been, and will continue to be, to build a resilient and robust supply chain and a global manufacturing footprint near our customers. While this strategy mitigates the financial and operational impact of these trade policies, we expect that our business will be impacted, particularly in the near term, with respect to our products manufactured in the United States and sold to customers located in China. Given the dynamic nature of this situation, the direct and indirect impact to our customers and [removed] our business is difficult to quantify; however, we will continue to closely monitor this evolving situation, further leverage our global footprint and regional supply chain, and explore additional options to mitigate this volatility.

Filing text · FY2026 10-Q · filed Apr 30, 2026

No corresponding language in the FY2026 10-Q.

Cite this change

"our business is difficult to quantify; however, we will continue to closely monitor this evolving situation, further leverage our global footprint and regional supply chain, and explore additional options to mitigate this volatility."

Entegris, Form 10-Q for FY2025, Part I, Item 2, accession 0001101302-25-000060, filed 7 May 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130225000060/entg-20250329.htm

Comparison: https://yearover.com/reports/entg/0001101302-26-000102?ref=quote

02RemovedPart I, Item 2 › Segment Analysis

Summary · quote-checked

The disclosure that the Company realigned segments and recast prior-period amounts for comparability was removed.

The removed paragraph disclosed a business-structure change affecting segment reporting and the recasting of prior-period amounts, which is substantive rather than boilerplate.

Why the model ranked it here

Removing the segment realignment and recast disclosure obscures a change in business structure and the basis for comparing segment results.

Filing text · FY2025 10-Q · filed May 7, 2025

[removed] In the fourth quarter of 2024, the Company realigned its segments in order to align its segment financial reporting with a change in its business structure. All prior period amounts related to the segment change have been recast for comparability.

Filing text · FY2026 10-Q · filed Apr 30, 2026

No corresponding language in the FY2026 10-Q.

Cite this change

"In the fourth quarter of 2024, the Company realigned its segments in order to align its segment financial reporting with a change in its business structure. All prior period amounts related to the segment change have been recast for comparability."

Entegris, Form 10-Q for FY2025, Part I, Item 2, accession 0001101302-25-000060, filed 7 May 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130225000060/entg-20250329.htm

Comparison: https://yearover.com/reports/entg/0001101302-26-000102?ref=quote

03RemovedPart I, Item 2 › Reconciliation of GAAP Net Income to Adjusted Operating Income and Adjusted EBITDA

Summary · quote-checked

The reconciliation no longer includes a line for impairment of long-lived assets.

The removed line identifies an impairment event or adjustment, so its disappearance changes the substance of the disclosed reconciliation rather than merely updating wording or dates.

Why the model ranked it here

Removing the long-lived-asset impairment line eliminates disclosure of a potentially significant charge from the performance reconciliation.

Filing text · FY2025 10-Q · filed May 7, 2025

~~[removed] 5 Impairment of long-lived assets.~~

Filing text · FY2026 10-Q · filed Apr 30, 2026

No corresponding language in the FY2026 10-Q.

Cite this change

"5 Impairment of long-lived assets."

Entegris, Form 10-Q for FY2025, Part I, Item 2, accession 0001101302-25-000060, filed 7 May 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130225000060/entg-20250329.htm

Comparison: https://yearover.com/reports/entg/0001101302-26-000102?ref=quote

04RemovedPart I, Item 2 › Three Months Ended March 29, 2025 Compared to Three Months Ended March 30, 2024

Summary · quote-checked

The filing removed the explanation that the effective tax rate change primarily reflected $3.1 million of discrete share-based compensation expense.

The removed paragraph disclosed a specific driver of the effective tax rate change and a related expense, so its deletion changes the MD&A results narrative.

Why the model ranked it here

Removing the explanation for the effective tax rate change obscures a specifically identified expense affecting reported results.

Filing text · FY2025 10-Q · filed May 7, 2025

~~[removed] The change in the effective tax rate from 2024 to 2025 primarily relates to an increase in discrete expense of $3.1 million recorded in connection with share-based compensation.~~

Filing text · FY2026 10-Q · filed Apr 30, 2026

No corresponding language in the FY2026 10-Q.

Cite this change

"The change in the effective tax rate from 2024 to 2025 primarily relates to an increase in discrete expense of $3.1 million recorded in connection with share-based compensation."

Entegris, Form 10-Q for FY2025, Part I, Item 2, accession 0001101302-25-000060, filed 7 May 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130225000060/entg-20250329.htm

Comparison: https://yearover.com/reports/entg/0001101302-26-000102?ref=quote

05RemovedPart I, Item 2 › Three Months Ended March 29, 2025 Compared to Three Months Ended March 30, 2024

Summary · quote-checked

The current report omits the prior-period discussion of interest income, its year-over-year decrease, and the stated reason for that decrease.

Removing an MD&A results narrative eliminates disclosure of a financial result and its stated driver; this is more than a date or period roll-forward.

Why the model ranked it here

Removing the interest-income discussion eliminates both a reported financial result and management’s explanation for its decline.

Filing text · FY2025 10-Q · filed May 7, 2025

[removed] Interest income Interest income was $1.4 million in the three months ended March 29, 2025, compared to $3.0 million in the three months ended March 30, 2024. The decrease primarily reflects lower average interest rates.

Filing text · FY2026 10-Q · filed Apr 30, 2026

No corresponding language in the FY2026 10-Q.

Cite this change

"Interest income Interest income was $1.4 million in the three months ended March 29, 2025, compared to $3.0 million in the three months ended March 30, 2024. The decrease primarily reflects lower average interest rates."

Entegris, Form 10-Q for FY2025, Part I, Item 2, accession 0001101302-25-000060, filed 7 May 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130225000060/entg-20250329.htm

Comparison: https://yearover.com/reports/entg/0001101302-26-000102?ref=quote

Show all 12 in Part I, Item 2 (7 more, in filing order)

What the company says differently

Paragraphs that changed between the two filings, shown as a word diff.

33 material changes

Part I, Item 2 · MD&A

5 of 33 shown · Ordered by the model, quote-checked

01ChangedPart I, Item 2 › Overview

Summary · quote-checked

The company broadened its tariff-impact disclosure, added IEEPA tariff-refund evaluation, and described additional mitigation actions and uncertainty.

The paragraph changes the described tariff exposure, adds a refund-related evaluation, and changes mitigation from expected effectiveness to ongoing actions, substantively altering the outlook and obligations discussed.

Why the model ranked it here

The disclosure broadens tariff exposure, adds uncertainty around potential refunds, and describes mitigation as an ongoing process rather than an established protection.

Filing text · FY2025 10-Q · filed May 7, 2025

Our strategy has been, and will continue to be, to build a resilient ~~[removed] and robust~~ supply chain and a global manufacturing footprint near our customers. While this strategy ~~[removed] mitigates~~ the financial and operational impact of these trade policies, we expect that our business will be impacted, particularly in the near term, ~~[removed] with respect to our products manufactured in the United States and sold to customers located in China.~~ Given the dynamic nature of this situation, the direct and indirect impact to our customers and our business is difficult to quantify; however, we will continue to closely monitor this evolving situation, further leverage our global footprint and regional supply chain, and explore additional options to mitigate this volatility.

Filing text · FY2026 10-Q · filed Apr 30, 2026

Our strategy has been, and will continue to be, to build a resilient supply chain and a global manufacturing footprint near our customers. While this strategy [added] should mitigate the financial and operational impact of these trade policies, we expect that our business will be impacted, particularly in the near term, [added] when elevated tariffs are imposed on our products. We are also currently evaluating our options with respect to IEEPA tariff refunds. Given the dynamic nature of this situation, the direct and indirect impact to our customers and[added] our business is difficult to quantify; however, we will continue to closely monitor this evolving situation, further leverage our global footprint and regional supply chain, and explore additional options to mitigate trade-related risks.

Cite this change

"While this strategy should mitigate the financial and operational impact of these trade policies, we expect that our business will be impacted, particularly in the near term, when elevated tariffs are imposed on our products. We are also currently evaluating our options with respect to IEEPA tariff refunds."

Entegris, Form 10-Q for FY2026, Part I, Item 2, accession 0001101302-26-000102, filed 30 April 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130226000102/entg-20260328.htm

Comparison: https://yearover.com/reports/entg/0001101302-26-000102?ref=quote

02ChangedPart I, Item 2 › Overview

Summary · quote-checked

The trade-policy discussion adds risks from foreign rules of origin, retaliatory tariffs and restrictions, and increased local competition affecting costs and demand.

The revision introduces new foreign-government trade measures and explicitly links them to customer costs and product demand, substantively expanding the disclosed exposure.

Why the model ranked it here

The company now identifies foreign rules of origin, retaliatory measures, and local competition as risks that could raise customer costs and reduce demand.

Filing text · FY2025 10-Q · filed May 7, 2025

[removed] Recent and continuing developments in U.S. and foreign trade policy have heightened global trade tensions and sparked significant uncertainty in macroeconomic and geopolitical environments, particularly with respect to China. The nature of our global business exposes us to risks associated with trade conflicts between the U.S. and its trading partners. Additionally, our U.S. manufacturing operations rely on a global supply chain to manufacture our products, including, in some instances, raw materials from China. The recent tariffs and other similar trade policies may increase our sourcing and manufacturing costs, force us to find alternative suppliers, or result in manufacturing and delivery delays. As a result, we may face a reduction in the demand for, and in the competitiveness of, our products, harm to our relationships with our customers, and decreased profitability. These ~~[removed] issues~~ may be exacerbated by the overall macroeconomic uncertainty stemming from current trade tensions which may slow economic growth and negatively impact the demand for products containing semiconductors, thereby decreasing the demand for our products.

Filing text · FY2026 10-Q · filed Apr 30, 2026

Because of the global nature of our business, these trade developments have exposed, and may continue to expose, our business and operations to various risks, particularly supply chain-related risks. The imposition of tariffs and other trade measures (i) has increased, and may continue to increase, our sourcing and manufacturing costs, (ii) has required, and may continue to require, [added] us to adjust our supply chain and find alternative suppliers, and (iii) may result in manufacturing and delivery delays. In addition, foreign governments may apply rules of origin or other trade measures that treat products we manufacture outside the United States as U.S.-origin goods, potentially subjecting those products to retaliatory tariffs or other restrictions that increase costs for our customers and reduce demand for our products in those markets. As a result, we may face a reduction in the demand for, and in the competitiveness of, our products, [added] including from increased local or domestically sourced competition, harm to our relationships with our customers, and decreased profitability. These [added] risks may be exacerbated by the overall macroeconomic uncertainty stemming from current trade tensions which may slow economic growth and negatively impact the demand for products containing semiconductors, thereby decreasing the demand for our products.

Cite this change

"In addition, foreign governments may apply rules of origin or other trade measures that treat products we manufacture outside the United States as U.S.-origin goods, potentially subjecting those products to retaliatory tariffs or other restrictions that increase costs for our customers and reduce demand for our products in those markets."

Entegris, Form 10-Q for FY2026, Part I, Item 2, accession 0001101302-26-000102, filed 30 April 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130226000102/entg-20260328.htm

Comparison: https://yearover.com/reports/entg/0001101302-26-000102?ref=quote

03Figures updatedPart I, Item 2 › Debt

Summary · quote-checked

Debt table now reports lower term-loan balances and total debt, alongside a higher term-loan interest rate.

The updated figures change the stated debt obligation and financing exposure, not merely the reporting period; a reader would see lower principal but a higher stated rate.

Why the model ranked it here

The debt disclosure shows a materially different borrowing position and a higher stated term-loan rate, changing the company’s financing exposure.

Filing text · FY2025 10-Q · filed May 7, 2025

|(In millions) | March ~~[removed] 29, 2025~~ | December 31, ~~[removed] 2024~~Senior secured term loans B due 2029 at ~~[removed] 4.71%~~ (1) | $ | ~~[removed] 750.0~~ | $ | ~~[removed] 750.0~~Senior secured notes due 2029 at 4.75% | 1,600.0 | 1,600.0Senior unsecured notes due 2030 at 5.95% | 895.0 | 895.0Senior unsecured notes due 2029 at 3.625% | 400.0 | 400.0Senior unsecured notes due 2028 at 4.375% | 400.0 | 400.0Revolving facility due 2027 (2) | - | -Total debt (par value) | $ | ~~[removed] 4,045.0~~ | $ | ~~[removed] 4,045.0~~

Filing text · FY2026 10-Q · filed Apr 30, 2026

|(In millions) | March 28, 2026 | December 31, 2025Senior secured term loans B due 2029 at 5.43% (1) | $ | 400.0 | $ | 450.0Senior secured notes due 2029 at 4.75% | 1,600.0 | 1,600.0Senior unsecured notes due 2030 at 5.95% | 895.0 | 895.0Senior unsecured notes due 2029 at 3.625% | 400.0 | 400.0Senior unsecured notes due 2028 at 4.375% | 400.0 | 400.0Revolving facility due 2027 (2) | - | -Total debt (par value) | $ | 3,695.0 | $ | 3,745.0

Cite this change

"Senior secured term loans B due 2029 at 5.43% (1) | $ | 400.0 | $ | 450.0"

Entegris, Form 10-Q for FY2026, Part I, Item 2, accession 0001101302-26-000102, filed 30 April 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130226000102/entg-20260328.htm

Comparison: https://yearover.com/reports/entg/0001101302-26-000102?ref=quote

04ChangedPart I, Item 2 › Debt

Summary · quote-checked

The disclosure shifts from describing an interest-rate swap and effective rate to specifying the Term Loan Facility’s variable-rate alternatives and margins.

The company no longer discloses the swap or effective rate and instead presents different debt-rate mechanics, changing the stated interest-rate exposure and obligation terms.

Why the model ranked it here

The filing no longer describes the interest-rate swap and instead presents unhedged variable-rate alternatives and margins for the term loan.

Filing text · FY2025 10-Q · filed May 7, 2025

(1) [removed] The Company entered into a floating-to-fixed swap contract on its variable rate debt under our senior secured term loan facility due 2029. The effective interest rate after consideration of this floating-to-fixed swap contract was 4.71%. Refer to Note 9 for a description of our interest rate swap contract.

Filing text · FY2026 10-Q · filed Apr 30, 2026

(1) [added] Our senior secured term loan due 2029 (the "Term Loan Facility") bears interest at a rate per annum equal to, at the Company's option, either (i) SOFR, plus an applicable margin of 1.75%, or (ii) a base rate plus an applicable margin of 0.75%.

Cite this change

"Our senior secured term loan due 2029 (the "Term Loan Facility") bears interest at a rate per annum equal to, at the Company's option, either (i) SOFR, plus an applicable margin of 1.75%, or (ii) a base rate plus an applicable margin of 0.75%."

Entegris, Form 10-Q for FY2026, Part I, Item 2, accession 0001101302-26-000102, filed 30 April 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130226000102/entg-20260328.htm

Comparison: https://yearover.com/reports/entg/0001101302-26-000102?ref=quote

05ChangedPart I, Item 2 › Debt

Summary · quote-checked

The compliance statement rolls forward to a new date and changes from multiple financial covenants to a singular financial covenant.

The date change is boilerplate, but changing “covenants” to “covenant” changes the stated number of financial obligations covered by compliance.

Why the model ranked it here

The compliance disclosure now refers to a singular financial covenant, changing the stated scope of the company’s debt-related obligations.

Filing text · FY2025 10-Q · filed May 7, 2025

Through March ~~[removed] 29, 2025,~~ the Company was in compliance with the financial ~~[removed] covenants~~ under its debt arrangements.

Filing text · FY2026 10-Q · filed Apr 30, 2026

Through March [added] 28, 2026, the Company was in compliance with the financial [added] covenant under its debt arrangements.

Cite this change

"Through March 28, 2026, the Company was in compliance with the financial covenant under its debt arrangements."

Entegris, Form 10-Q for FY2026, Part I, Item 2, accession 0001101302-26-000102, filed 30 April 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130226000102/entg-20260328.htm

Comparison: https://yearover.com/reports/entg/0001101302-26-000102?ref=quote

Show all 33 in Part I, Item 2 (28 more, in filing order)

What the company reported as changed this quarter

We have not parsed the annual report this quarter's risk factors refers to, so we cannot tell whether it restates the section or reports changes to it. Nothing is compared until we can.

Part II, Item 1A · Risk Factors

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