Slide 1: Second Quarter 2025 Earnings
Second Quarter 2025 Earnings August 5, 2025 1
Slide 2: Safe Harbor Statement
146 26 31 73 74 76 246 208 209 165 209 164 197 36 42 148 149 152 Safe Harbor Statement Forward-Looking Statements: This presentation contains forward-looking statements within the meaning of federal securities laws, including, among others, statements about our expectations, plans, strategies or pro
Slide 3: Executive Summary | Continuing Operations
146 26 31 73 74 76 246 208 209 165 209 164 197 36 42 148 149 152 Executive Summary | Continuing Operations(1) Second Quarter 2025 Results Non-GAAP results including new tariffs: • Revenue(2) of $370 million grew 7% on a constant currency(3) basis. • Operating profit(2) of $102 million grew 38% versu
Slide 4: Second Quarter 2025 Results vs. Prior Year | Continuing Operations
146 26 31 73 74 76 246 208 209 165 209 164 197 36 42 148 149 152 Second Quarter 2025 Results vs. Prior Year | Continuing Operations(1,2) Notes: 1. The financial information reflects the continuing operations of Masimo’s healthcare business. The Sound United business is being classified as “held for
Slide 5: Non-GAAP Revenue, Margin and EPS Results
146 26 31 73 74 76 246 208 209 165 209 164 197 36 42 148 149 152 2024 2025 21.5% 27.5% 2024 2025 62.5% 62.9% 40 bps Improvement 2024 2025 $ 0.91 $ 1.3346% Growth 5 Non-GAAP Revenue $MM, shown as reported 2024 2025 $ 344 $ 370 7% Growth(3) 2024 2025 $ 311 $ 338 8% Growth(3) 2024 2025 $ 33 $ 32 -2% De
Slide 6: Updated Guidance Including Impact of New Tariffs
146 26 31 73 74 76 246 208 209 165 209 164 197 36 42 148 149 152 6 Updated guidance includes the impact of new tariffs, net of mitigation implemented to-date Notes: 1. Represents updated guidance provided August 5, 2025. Financial guidance includes forward-looking non-GAAP financial measures for whi
Slide 7: Guidance Notes
146 26 31 73 74 76 246 208 209 165 209 164 197 36 42 148 149 152 7 Notes: 1. Represents updated guidance provided August 5, 2025. Financial guidance includes forward-looking non-GAAP financial measures for which reconciliations to the most directly comparable GAAP financial measures are not availabl
Slide 8: Tariff and Mitigation Update | Annualized Impact to Cost of Goods Sold
146 26 31 73 74 76 246 208 209 165 209 164 197 36 42 148 149 152 8 Tariff and Mitigation Update | Annualized Impact to Cost of Goods Sold Gross Impact to COGS, Before Any Mitigation Changes in Tariff Policy and Rate Assumptions Mitigation Actions Implemented To-Date Net Impact to COGS, After Mitigat
Slide 9: Appendix • GAAP to Non-GAAP Reconciliations
Appendix • GAAP to Non-GAAP Reconciliations 9
Slide 10: GAAP to Non-GAAP Reconciliations – Continuing Operations
146 26 31 73 74 76 246 208 209 165 209 164 197 36 42 148 149 152 GAAP to Non-GAAP Reconciliations – Continuing Operations Notes: (1) Totals may not foot due to rounding. Annual reported amounts may vary from amounts previously reported due to rounding conventions. (2) The financial information refle
Slide 11: GAAP to Non-GAAP Reconciliations – Continuing Operations
146 26 31 73 74 76 246 208 209 165 209 164 197 36 42 148 149 152 GAAP to Non-GAAP Reconciliations – Continuing Operations Notes: (1) Totals may not foot due to rounding. Amounts may vary from amounts previously reported due to rounding conventions. (2) The financial information reflects the continui
Slide 12: GAAP to Non-GAAP Reconciliations – Continuing Operations
146 26 31 73 74 76 246 208 209 165 209 164 197 36 42 148 149 152 GAAP to Non-GAAP Reconciliations – Continuing Operations Notes: (1) Totals may not foot due to rounding. Amounts may vary from amounts previously reported due to rounding conventions. (2) The financial information reflects the continui