Entegris (ENTG) Nosedives 14.46% on Dismal Earnings
Entegris nosedived by 14.46 percent on Wednesday to close at $79.34 apiece as investors soured on its dismal earnings performance and shunned a highly confident outlook for the current quarter of the year.
In its updated report, Entegris, Inc. (NASDAQ:ENTG) said that net income dropped by 22 percent in the second quarter of the year to $52.8 million from $67.7 million in the same period last year.
Net sales also dipped by 2.5 percent to $792.4 million from $812.7 million year-on-year.
Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine. Computer Chip Manufacturing at Fab. Semiconductor Packaging Process.
'Semiconductor industry trends are largely unchanged. AI-enabled applications are driving significant growth in advanced logic and HBM. However, elsewhere, fab activity remains subdued. And in the short term, the uncertainty around trade policies and the macroeconomic environment will continue to have an impact on semiconductor demand,' said Entegris, Inc. (NASDAQ:ENTG) President and CEO Bertrand Loy.
Despite the disappointing figures, Loy said that the company is highly optimistic about its business outlook for the rest of the year.
'Looking further ahead, nothing has changed in our long-term view of the industry. We remain very optimistic and continue to have high confidence in the strong long-term growth outlook for the market and Entegris,' he noted.
While we acknowledge the potential of ENTG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
21 minutes ago
- Yahoo
C1 Fund Inc. Announces Pricing of Initial Public Offering
PALO ALTO, Calif., August 07, 2025--(BUSINESS WIRE)--C1 Fund Inc., a new closed-end investment company ("C1 Fund" or the "Fund"), today announced the pricing of its initial public offering of 6,000,000 shares of its common stock (the "Common Shares") at a public offering price of $10.00 per share. C1 Fund has granted the underwriters a 30-day option to purchase up to an additional 900,000 Common Shares to cover over-allotments, if any, at the public offering price less the underwriting discounts and commissions. The Common Shares are expected to begin trading on August 7, 2025, on the New York Stock Exchange under the ticker symbol "CFND." The offering is expected to close on August 8, 2025, subject to the satisfaction of customary closing conditions. The net proceeds of this offering are estimated at approximately $55.1 million (or approximately $63.4 million if the underwriters exercise their option to purchase additional Common Shares in full), after deducting underwriting discounts and commissions and the Fund's estimated offering expenses. The Fund intends to complete its investment of the net proceeds within three months, but, in any event, no later than 12 months, after the closing of the offering. The Benchmark Company, LLC is acting as sole book-running manager for the offering. SoFi Securities LLC and China Renaissance Securities (Hong Kong) Limited are acting as co-managers for the offering. A registration statement on Form N-2 (File Nos. 333-283139 and 811-24022) relating to the Common Shares has been filed with and declared effective by the U.S. Securities and Exchange Commission (the "SEC") on August 6, 2025. The offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained upon request to: The Benchmark Company, LLC, 150 East 58th Street, 17th Floor, New York, NY 10155, Attention: Prospectus Department, or by email at prospectus@ This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any offer, solicitation or sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction. About C1 Fund Inc. C1 Fund Inc. is a Maryland corporation based in Palo Alto, California. C1 Advisors LLC, which is also based in Palo Alto, California, will serve as the Fund's investment adviser. The Fund's investment objective is to maximize the portfolio's total return, principally by seeking capital gains on the Fund's equity and equity-related investments. Under normal market conditions, the Fund will invest at least 80% of its total assets in equity and equity-linked securities of companies principally engaged in the digital assets services and technology sector. The Fund intends to achieve its investment objective by investing in a portfolio of what the Fund believes to be 30 of the top digital assets services and technology companies, excluding companies whose business is principally administered in the People's Republic of China, including Hong Kong and Macao. Investors should consider the Fund's investment objectives, risks, charges and expenses carefully before investing. The registration statement on Form N-2, which contains the Fund's preliminary prospectus, has been filed with the SEC, contains this information and should be read carefully before investing. Forward-Looking Statements This press release contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 including statements relating to the offering of the Common Shares, our ability to complete the offering on the anticipated timeline or at all and the anticipated use of the net proceeds therefrom, together with other statements that are not historical facts, are forward-looking statements that are estimates reflecting management's best judgment based upon currently available information. Words such as, but not limited to, "look forward to," "believe," "expect," "anticipate," "estimate," "intend," "confidence," "encouraged," "potential," "plan," "targets," "likely," "may," "will," "would," "should" and "could," and similar expressions or words identify forward-looking statements. The forward-looking statements included in this press release are based on management's current expectations and beliefs which are subject to a number of risks, uncertainties and factors that may cause the actual results, levels of activity, performance or achievements of the Fund, or industry results, to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. As a result, no assurance can be given as to future results, levels of activity, performance or achievements, and neither the Fund nor any other person assumes responsibility for the accuracy and completeness of such statements in the future. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by these cautionary statements, and we undertake no obligation to revise or update this press release to reflect events or circumstances after the date hereof. Risk is inherent in all investing. There can be no assurance that the Fund will achieve its investment objective, and you could lose some or all of your investment. NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE View source version on Contacts For Media Enquiries contact: media@ Sign in to access your portfolio
Yahoo
21 minutes ago
- Yahoo
Siemens reports Q3 results in line with forecasts
ZURICH (Reuters) -Siemens reported industrial profit in line with forecasts for its latest quarter on Thursday as the German engineering group navigated the fallout of rising global trade barriers. The maker of industrial software and trains reported industrial profit falling 7% to 2.82 billion euros ($3.29 billion) for the three months to the end of June, in line with analyst forecasts in a company-gathered consensus. Earnings were reduced by currency translation effects, particularly the fall of the dollar versus euro during the quarter, as well as restructuring costs as Siemens shed jobs at its flagship digital industry division. Revenue rose 3% to 19.38 billion euros, beating forecasts for 19.24 billion euros. "Our third-quarter performance demonstrates that Siemens is delivering robust results despite the volatile global market," said Chief Executive Roland Busch in a statement. ($1 = 0.8568 euros) Sign in to access your portfolio
Yahoo
21 minutes ago
- Yahoo
Deutsche Telekom meets Q2 profit expectations, lifts guidance
-Deutsche Telekom reported second quarter core profit in line with analyst expectations on Thursday, citing continued growth in both Germany and the U.S., and edged up its full-year profit guidance. The Germany-based telecoms giant reported second quarter adjusted earnings before interest, taxes and amortization after leases (EBITDA AL) of 11 billion euros ($13 billion), compared with the 10.95 billion euros expected by analysts in a company provided poll. "We are again seeing sustained strong growth on both sides of the Atlantic throughout the second quarter," Chief Executive Tim Hoettges said in a statement. The group slightly raised its core profit guidance for 2025, now expecting more than 45 billion euros, adjusted from around 45 billion euros expected before. It also adjusted its free cash flow AL expectations for 2025, now expecting over 20 billion euros from around 20 billion euros. The new guidance comes after its New York listed subsidiary T-Mobile US in July raised its annual forecast for postpaid net customer additions after adding more wireless subscribers than expected in the second quarter. ($1 = 0.8566 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
