Slide 1: Entegris Earnings Summary
Entegris Earnings Summary Second Quarter 2025 July 30, 2025 ENTEGRIS PROPRIETARY AND CONFIDENTIAL – INTERNAL
Slide 2: Safe Harbor
ENTEGRIS SECOND 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 t
Slide 3: Summary – Consolidated Statement of Operations GAAP
ENTEGRIS SECOND QUARTER 2025 EARNINGS SUMMARY Summary – Consolidated Statement of Operations GAAP $ in millions, except per share data 2Q25 2Q24 1Q25 2Q25 over 2Q24 2Q25 over 1Q25 Net Sales $792.4 $812.7 $773.2 (2.5%) 2.5% Gross Margin 44.4% 46.2% 46.1% Operating Expenses $245.4 $245.7 $234.2 (0.1%)
Slide 4: Summary – Consolidated Statement of Operations Non-GAAP
ENTEGRIS SECOND QUARTER 2025 EARNINGS SUMMARY Summary – Consolidated Statement of Operations Non-GAAP1 $ in millions, except per share data 2Q25 2Q24 1Q25 2Q25 over 2Q24 2Q25 over 1Q25 Net Sales $792.4 $812.7 $773.2 (2.5%) 2.5% Adjusted Gross Margin – as a % of Net Sales 44.6% 46.2% 46.1% Non-GAAP O
Slide 5: Materials Solutions (MS)
ENTEGRIS SECOND QUARTER 2025 EARNINGS SUMMARY Materials Solutions (MS) 2Q25 Highlights 2Q25 over 2Q25 over Sales increase (YOY and $ in millions 2Q25 2Q24 1Q25 2Q24 1Q25 SEQ) was driven by CMP Net Sales $354.9 $342.3 $341.4 3.7% 4.0% slurries & pads, selective Segment Profit $72.5 $70.3 $75.0 3.1% (
Slide 6: Advanced Purity Solutions (APS)
ENTEGRIS SECOND QUARTER 2025 EARNINGS SUMMARY Advanced Purity Solutions (APS)1 2Q25 Highlights 2Q25 over 2Q25 over Sales decrease (YOY) was $ in millions 2Q25 2Q24 1Q25 2Q24 1Q25 driven primarily by a Net Sales $439.9 $472.6 $433.9 (6.9%) 1.4% decline in facilities-based Segment Profit $95.9 $122.6
Slide 7: Summary – Balance Sheet Items
ENTEGRIS SECOND QUARTER 2025 EARNINGS SUMMARY Summary – Balance Sheet Items $ in millions 2Q25 2Q24 1Q25 $ Amount % Total $ Amount % Total $ Amount % Total Cash and Cash Equivalents $376.8 4.5% $320.0 3.8% $340.9 4.0% Accounts Receivable, Net $494.1 5.8% $457.1 5.5% $500.5 5.9% Inventories, Net $694
Slide 8: Summary – Cash Flows
ENTEGRIS SECOND QUARTER 2025 EARNINGS SUMMARY Summary – Cash Flows $ in millions 2Q25 2Q24 1Q25 Beginning Cash Balance $340.9 $340.7 $329.2 Cash provided by operating activities 113.5 111.2 140.4 Capital expenditures (66.5) (59.3) (108.0) Other investing activities (0.1) 0.1 (0.3) Net payments on de
Slide 9: Outlook
ENTEGRIS SECOND QUARTER 2025 EARNINGS SUMMARY Outlook GAAP $ in millions, except share data 3Q25 Guidance 2Q25 Actual 1Q25 Actual Net Sales $780 - $820 $792.4 $773.2 Operating Expenses $228 - $232 $245.4 $234.2 Net Income $65 - $76 $52.8 $62.9 Diluted Earnings per Common Share $0.43 - $0.50 $0.35 $0
Slide 10: Appendix
CO Entegris Appendix
Slide 11: Consolidated (as reported) Summary Financials Non-GAAP
ENTEGRIS SECOND QUARTER 2025 EARNINGS SUMMARY Consolidated (as reported) Summary Financials Non-GAAP1 $ in millions 1Q24 2Q24 3Q24 4Q24 FY2024 1Q25 2Q25 Net Sales $771.0 $812.7 $807.7 $849.8 $3,241.2 $773.2 $792.4 Adjusted Gross Margin % 45.6% 46.2% 46.0% 45.6% 45.9% 46.1% 44.6% Non-GAAP Operating E
Slide 12: Consolidated (excluding divestiture) Summary Financials Non-GAAP
ENTEGRIS SECOND QUARTER 2025 EARNINGS SUMMARY Consolidated (excluding divestiture)1 Summary Financials Non-GAAP $ in millions 1Q24 2Q24 3Q24 4Q24 FY2024 1Q25 2Q25 Net Sales $737.1 $812.7 $807.7 $849.8 $3,207.3 $773.2 $792.4 Adjusted Gross Margin % 46.1% 46.2% 46.0% 45.6% 46.0% 46.1% 44.6% Non-GAAP O
Slide 13: Segment (as reported) Financials Non-GAAP
ENTEGRIS SECOND QUARTER 2025 EARNINGS SUMMARY Segment (as reported) Financials Non-GAAP1 $ in millions 1Q24 2Q24 3Q24 4Q24 FY2024 1Q25 2Q25 Net Sales: MS $350.0 $342.3 $346.7 $361.1 $1,400.1 $341.4 $354.9 APS 423.3 472.6 463.1 491.2 1,850.2 433.9 439.9 Inter-segment elimination (2.3) (2.2) (2.1) (2.
Slide 14: Segment (excluding divestiture) Financials Non-GAAP
ENTEGRIS SECOND QUARTER 2025 EARNINGS SUMMARY Segment (excluding divestiture)1,2 Financials Non-GAAP $ in millions 1Q24 2Q24 3Q24 4Q24 FY2024 1Q25 2Q25 Net Sales: MS $316.1 $342.3 $346.7 $361.1 $1,366.2 $341.4 $354.9 APS 423.3 472.6 463.1 491.2 1,850.2 433.9 439.9 Inter-segment elimination (2.3) (2.
Slide 15: Reconciliation of Net Sales and Gross Profit
ENTEGRIS SECOND 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 Net Sales $771.0 $812.7 $807.7 $849.8 $3,241.2 $773.2 $792.4 Divestiture2 (33.9) — — — (33.9) — — Adjuste
Slide 16: Reconciliation of GAAP Operating Expenses
ENTEGRIS SECOND 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 GAAP Operating Expenses $234.2 $245.7 $235.6 $237.3 $952.8 $234.2 $245.4 Adjustments to ope
Slide 17: Reconciliation of GAAP Net Income and EBITDA
ENTEGRIS SECOND 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 Net Sales $771.0 $812.7 $807.7 $849.8 $3,241.2 $773.2 $792.4 Net income $45.3 67.7 77.5 102.3 292.8 62.9 52.8 Net income
Slide 18: Reconciliation of Adjusted Operating Income and EBITDA
ENTEGRIS SECOND 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 Adjusted (excluding divestiture)1 Net Sales2 $737.1 $812.7 $807.7 $849.8 $3,207.3
Slide 19: Reconciliation of MS Segment Sales and Profit
ENTEGRIS SECOND 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 Net Sales: MS Segment Net Sales $350.0 $342.3 $346.7 $361.1 $1,400.1 $341.4 $354.9 Adjusted (excludi
Slide 20: Reconciliation of APS Segment Profit
ENTEGRIS SECOND 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 Net Sales: APS segment profit $111.2 $122.6 $127.4 $134.9 $496.1 $108.1 $95.9 Restructuring costs2 — — — 2.2 2.2 2.3 9.9 APS
Slide 21: Reconciliation of GAAP Net Income and EPS
ENTEGRIS SECOND 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 GAAP net income $45.3 $67.7 $77.5 $102
Slide 22: Reconciliation of GAAP Outlook to Non-GAAP Outlook
ENTEGRIS SECOND QUARTER 2025 EARNINGS SUMMARY Reconciliation of GAAP Outlook to Non-GAAP Outlook* $ in millions Third Quarter Outlook Reconciliation GAAP operating expenses to non-GAAP operating expenses: September 27, 2025 GAAP operating expenses $228 - $232 Adjustments to net income: Amortization
Slide 23: Reconciliation of GAAP Outlook to Non-GAAP Outlook (continued)
ENTEGRIS SECOND QUARTER 2025 EARNINGS SUMMARY Reconciliation of GAAP Outlook to Non-GAAP Outlook* (continued) $ in millions Third Quarter Outlook Reconciliation GAAP operating expenses to non-GAAP operating expenses: September 27, 2025 Net sales $780 - $820 GAAP - Operating income $113 - $135 Operat