Image source: Entegris.

What: Shares of Entegris (ENTG -1.71%), a provider of yield-enabling products and materials for the semiconductor industry, jumped on Wednesday following the company's second-quarter report. Entegris handily beat analyst estimates on all fronts, driving the stock 10% higher as of noon.

So what: Entegris reported quarterly revenue of $303.1 million, up 8% year over year and about $24 million higher than the average analyst estimate. The critical materials handling segment generated $194.9 million of revenue, growing by 11.8% year over year, while the electronic materials segment grew revenue by 1.6% to $108.2 million.

Non-GAAP EPS came in at $0.28, up from $0.24 during the prior-year period and $0.08 higher than analysts were expecting. On a GAAP basis, EPS was $0.23, up from $0.17 during the same period last year. Higher revenue was the main driver of earnings growth.

Entegris expects to generate between $285 million and $300 million of revenue during the third quarter, along with $0.23 to $0.26 in non-GAAP EPS. During the third quarter of 2015, the company reported $270.3 million of revenue and $0.23 of non-GAAP EPS.

Now what: "I am very pleased with the quality of our execution and the performance of a number of our new products, as we achieved record sales and earnings per share," said CEO Bertrand Loy. He continued:

Our revenue grew 13.5 percent sequentially, reflecting robust demand across our businesses and particular strength in filtration, wafer handling, and specialty materials. We generated a record $71.3 million in adjusted EBITDA, achieving an adjusted EBITDA margin of 23.5 percent. Our strong cash flow allowed us to increase our cash balance at quarter end to $373.7 million while repaying $25.0 million of our long-term debt.

With Entegris easily beating analyst estimates and guiding for continued revenue and earnings growth, it's no surprise investors are pushing the stock higher.