Entegris, Inc. · NASDAQ:ENTG
Entegris — Q3 2025 Earnings Presentation
23 slides from Entegris's earnings presentation, Oct 30, 2025
Slide 1: Entegris Earnings Summary Third Quarter 2025
Entegris Earnings Summary Third Quarter 2025 October 30, 2025 ENTEGRIS PROPRIETARY AND CONFIDENTIAL – INTERNAL
Slide 2: Safe Harbor
ENTEGRIS THIRD QUARTER 2025 EARNINGS SUMMARY Safe Harbor This presentation contains “forward-looking statements.” The words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “should,” “may,” “will,” “would” or the negative thereof and similar expressions are intended to
Slide 3: Summary – Consolidated Statement of Operations GAAP
ENTEGRIS THIRD QUARTER 2025 EARNINGS SUMMARY Summary – Consolidated Statement of Operations GAAP $ in millions, except per share data 3Q25 3Q24 2Q25 3Q25 over 3Q24 3Q25 over 2Q25 Net Sales $807.1 $807.7 $792.4 (0.1%) 1.9% Gross Margin 43.5% 46.0% 44.4% Operating Expenses $228.7 $235.6 $245.4 (2.9%)
Slide 4: Summary – Consolidated Statement of Operations Non-GAAP
ENTEGRIS THIRD QUARTER 2025 EARNINGS SUMMARY Summary – Consolidated Statement of Operations Non-GAAP1 $ in millions, except per share data 3Q25 3Q24 2Q25 3Q25 over 3Q24 3Q25 over 2Q25 Net Sales $807.1 $807.7 $792.4 (0.1%) 1.9% Adjusted Gross Margin – as a % of Net Sales2 43.6% 46.0% 44.6% Non-GAAP O
Slide 5: Materials Solutions (MS)
ENTEGRIS THIRD QUARTER 2025 EARNINGS SUMMARY Materials Solutions (MS) 3Q25 Highlights 3Q25 over 3Q25 over Sales increase (YOY) was $ in millions 3Q25 3Q24 2Q25 3Q24 2Q25 primarily driven by CMP Net Sales $348.6 $346.7 $354.9 0.5% (1.8%) consumables and cleaning (9.1%) (10.1%) chemistries. Segment Pr
Slide 6: Advanced Purity Solutions (APS)
ENTEGRIS THIRD QUARTER 2025 EARNINGS SUMMARY Advanced Purity Solutions (APS)1 3Q25 Highlights 3Q25 over 3Q25 over Sales increase (SEQ) was $ in millions 3Q25 3Q24 2Q25 3Q24 2Q25 primarily driven by liquid Net Sales $460.8 $463.1 $439.9 (0.5%) 4.8% filtration. Segment Profit $118.2 $127.4 $95.9 (7.2%
Slide 7: Summary – Balance Sheet Items
ENTEGRIS THIRD QUARTER 2025 EARNINGS SUMMARY Summary – Balance Sheet Items $ in millions 3Q25 3Q24 2Q25 $ Amount % Total $ Amount % Total $ Amount % Total Cash and Cash Equivalents $399.8 4.8% $432.1 5.1% $376.8 4.5% Accounts Receivable, Net $493.2 5.9% $503.2 5.9% $494.1 5.8% Inventories, Net $646.
Slide 8: Summary – Cash Flows
ENTEGRIS THIRD QUARTER 2025 EARNINGS SUMMARY Summary – Cash Flows $ in millions 3Q25 3Q24 2Q25 Beginning Cash Balance $376.8 $320.0 $340.9 Cash provided by operating activities 249.5 197.2 113.5 Capital expenditures (66.7) (82.2) (66.5) Proceeds from government incentives 8.2 — — Other investing act
Slide 9: Outlook
ENTEGRIS FOURTH QUARTER 2025 EARNINGS SUMMARY Outlook GAAP $ in millions, except share data 4Q25 Guidance 3Q25 Actual 2Q25 Actual Net Sales $790 - $830 $807.1 $792.4 Operating Expenses $232 - $236 $228.7 $245.4 Net Income $53 - $64 $70.5 $52.8 Diluted Earnings per Common Share $0.35 - $0.42 $0.46 $0
Slide 10: Appendix
CO Entegris Appendix
Slide 11: Consolidated (as reported) Summary Financials Non-GAAP
ENTEGRIS THIRD QUARTER 2025 EARNINGS SUMMARY Consolidated (as reported) Summary Financials Non-GAAP1 $ in millions 1Q24 2Q24 3Q24 4Q24 FY2024 1Q25 2Q25 3Q25 Net Sales $771.0 $812.7 $807.7 $849.8 $3,241.2 $773.2 $792.4 $807.1 Adjusted Gross Margin % 45.6% 46.2% 46.0% 45.6% 45.9% 46.1% 44.6% 43.6% Non
Slide 12: Consolidated (excluding divestiture) Summary Financials Non-GAAP
ENTEGRIS THIRD QUARTER 2025 EARNINGS SUMMARY Consolidated (excluding divestiture)1 Summary Financials Non-GAAP $ in millions 1Q24 2Q24 3Q24 4Q24 FY2024 1Q25 2Q25 3Q25 Net Sales $737.1 $812.7 $807.7 $849.8 $3,207.3 $773.2 $792.4 $807.1 Adjusted Gross Margin % 46.1% 46.2% 46.0% 45.6% 46.0% 46.1% 44.6%
Slide 13: Segment (as reported) Financials Non-GAAP
ENTEGRIS THIRD QUARTER 2025 EARNINGS SUMMARY Segment (as reported) Financials Non-GAAP1 $ in millions 1Q24 2Q24 3Q24 4Q24 FY2024 1Q25 2Q25 3Q25 Net Sales: MS $350.0 $342.3 $346.7 $361.1 $1,400.1 $341.4 $354.9 $348.6 APS 423.3 472.6 463.1 491.2 1,850.2 433.9 439.9 460.8 Inter-segment elimination (2.3
Slide 14: Segment (excluding divestiture) Financials Non-GAAP
ENTEGRIS THIRD QUARTER 2025 EARNINGS SUMMARY Segment (excluding divestiture)1,2 Financials Non-GAAP $ in millions 1Q24 2Q24 3Q24 4Q24 FY2024 1Q25 2Q25 3Q25 Net Sales: MS $316.1 $342.3 $346.7 $361.1 $1,366.2 $341.4 $354.9 $348.6 APS 423.3 472.6 463.1 491.2 1,850.2 433.9 439.9 460.8 Inter-segment elim
Slide 15: Reconciliation of Net Sales to Adjusted Net Sales Non-GAAP
ENTEGRIS THIRD QUARTER 2025 EARNINGS SUMMARY Reconciliation of Net Sales (as reported) to Adjusted Net Sales Non-GAAP (excluding divestiture)1 $ in millions 1Q24 2Q24 3Q24 4Q24 FY2024 1Q25 2Q25 3Q25 Net Sales $771.0 $812.7 $807.7 $849.8 $3,241.2 $773.2 $792.4 $807.1 Divestiture2 (33.9) — — — (33.9)
Slide 16: Reconciliation of GAAP Operating Expenses to Operating Expenses (excluding divestiture)
ENTEGRIS THIRD QUARTER 2025 EARNINGS SUMMARY Reconciliation of GAAP Operating Expenses (as reported) to Operating Expenses (excluding divestiture)1 Non-GAAP $ in millions 1Q24 2Q24 3Q24 4Q24 FY2024 1Q25 2Q25 3Q25 GAAP Operating Expenses $234.2 $245.7 $235.6 $237.3 $952.8 $234.2 $245.4 $228.7 Adjustm
Slide 17: Reconciliation of GAAP Net Income to Adjusted Operating Income and Adjusted EBITDA
ENTEGRIS THIRD QUARTER 2025 EARNINGS SUMMARY Reconciliation of GAAP Net Income to Adjusted Operating Income and Adjusted EBITDA $ in millions 1Q24 2Q24 3Q24 4Q24 FY2024 1Q25 2Q25 3Q25 Net Sales $771.0 $812.7 $807.7 $849.8 $3,241.2 $773.2 $792.4 $807.1 Net income $45.3 67.7 77.5 102.3 292.8 62.9 52.8
Slide 18: Reconciliation of Adjusted Operating Income to Adjusted Operating Income (excluding divestiture)
ENTEGRIS THIRD QUARTER 2025 EARNINGS SUMMARY Reconciliation of Adjusted Operating Income (as reported) to Adjusted Operating Income (excluding divestiture)1 Non-GAAP $ in millions 1Q24 2Q24 3Q24 4Q24 FY2024 1Q25 2Q25 3Q25 Adjusted (excluding divestiture)1 Net Sales2 $737.1 $812.7 $807.7 $849.8 $3,20
Slide 19: Reconciliation of MS Segment Sales to MS Segment Sales (excluding divestiture)
ENTEGRIS THIRD QUARTER 2025 EARNINGS SUMMARY Reconciliation of MS Segment Sales (as reported) to MS Segment Sales (excluding divestiture)1 Non-GAAP $ in millions 1Q24 2Q24 3Q24 4Q24 FY2024 1Q25 2Q25 3Q25 Net Sales: MS Segment Net Sales $350.0 $342.3 $346.7 $361.1 $1,400.1 $341.4 $354.9 $348.6 Adjust
Slide 20: Reconciliation of APS Segment Profit to Adjusted APS Segment Profit
ENTEGRIS THIRD QUARTER 2025 EARNINGS SUMMARY Reconciliation of APS Segment Profit to Adjusted APS Segment Profit Non-GAAP1 $ in millions 1Q24 2Q24 3Q24 4Q24 FY2024 1Q25 2Q25 3Q25 APS segment profit $111.2 $122.6 $127.4 $134.9 $496.1 $108.1 $95.9 $118.2 Restructuring costs2 — — — 2.2 2.2 2.3 9.9 1.0
Slide 21: Reconciliation of GAAP Net Income and Diluted EPS to Non-GAAP
ENTEGRIS THIRD QUARTER 2025 EARNINGS SUMMARY Reconciliation of GAAP Net Income and Diluted Earnings per Common Share to Non-GAAP Net Income and Diluted Non-GAAP Earnings per Common Share $ in millions, except per share data 1Q24 2Q24 3Q24 4Q24 FY2024 1Q25 2Q25 3Q25 GAAP net income $45.3 $67.7 $77.5
Slide 22: Reconciliation of GAAP Outlook to Non-GAAP Outlook
ENTEGRIS FOURTH QUARTER 2025 EARNINGS SUMMARY Reconciliation of GAAP Outlook to Non-GAAP Outlook* $ in millions Fourth Quarter Outlook Reconciliation GAAP operating expenses to non-GAAP operating expenses: December 31, 2025 GAAP operating expenses $232 - $236 Adjustments to net income: Restructuring
Slide 23: Reconciliation of GAAP Outlook to Non-GAAP Outlook (continued)
ENTEGRIS THIRD QUARTER 2025 EARNINGS SUMMARY Reconciliation of GAAP Outlook to Non-GAAP Outlook* (continued) $ in millions Fourth Quarter Outlook Reconciliation GAAP operating income to non-GAAP operating income and adjusted EBITDA: December 31, 2025 Net sales $790 - $830 GAAP - Operating income $10