Q3 2025 Earnings Slides (10/30/2025 00:00

Entegris Earnings Summary

Third Quarter 2025

ENTEGRIS PROPRIETARY AND CONFIDENTIAL - INTERNAL

October 30, 2025

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%)	(6.8%)
Operating Income	$122.6	$136.2	$106.1	(10.0%)	15.6%
Operating Margin	15.2%	16.9%	13.4%
Tax Rate	2.1%	9.5%	5.0%
Net Income	$70.5	$77.5	$52.8	(9.0%)	33.5%
Diluted Earnings Per Common Share	$0.46	$0.51	$0.35	(9.8%)	31.4%

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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 Operating Expenses3	$181.3	$185.9	$188.2	(2.5%)	(3.7%)
Adjusted Operating Income	$170.3	$185.9	$165.4	(8.4%)	3.0%
Adjusted Operating Margin	21.1%	23.0%	20.9%
Non-GAAP Tax Rate4	9.4%	13.1%	12.5%
Non-GAAP Net Income5	$109.9	$117.6	$100.6	(6.5%)	9.2%
Diluted Non-GAAP Earnings Per Common Share	$0.72	$0.77	$0.66	(6.5%)	9.1%
Adjusted EBITDA	$220.7	$233.0	$216.7	(5.3%)	1.8%
Adjusted EBITDA - as a % of Net Sales	27.3%	28.8%	27.3%

1.See GAAP to non-GAAP reconciliation tables in the appendix of this presentation. 2. Excludes restructuring costs. 3.Excludes amortization expense, integration costs, restructuring costs, and (gain) loss on sale of Pipeline and Industrial Materials ("PIM") business. 4.Reflects the tax effect of non-GAAP adjustments and discrete tax items to GAAP taxes. 5.Excludes the items noted in footnotes 2 and 3 and loss on

4 extinguishment of debt and modification of our Existing Credit Agreement in 2024 and 2025.

Materials Solutions (MS)

3Q25 Highlights

$ in millions	3Q25	3Q24	2Q25	3Q25 over 3Q24	3Q25 over 2Q25
Net Sales	$348.6	$346.7	$354.9	0.5%	(1.8%)
Segment Profit	$65.2	$71.7	$72.5	(9.1%)	(10.1%)
Segment Profit Margin	18.7%	20.7%	20.4%
Adj. Segment Profit1	$65.9	$71.7	$75.5	(8.1%)	(12.7%)
Adj. Segment Profit Margin1	18.9%	20.7%	21.3%

5 1.See GAAP to non-GAAP reconciliation tables in the appendix of this presentation.

Sales increase (YOY) was primarily driven by CMP consumables and cleaning chemistries.

Sales decrease (SEQ) was primarily driven by demand shifts between quarters driven by the evolving trade environment.

Adjusted segment profit margin (YOY & SEQ) decrease was primarily driven by lower production volumes and product mix.

Advanced Purity Solutions (APS)1

3Q25 Highlights

$ in millions	3Q25	3Q24	2Q25	3Q25 over 3Q24	3Q25 over 2Q25
Net Sales	$460.8	$463.1	$439.9	(0.5%)	4.8%
Segment Profit	$118.2	$127.4	$95.9	(7.2%)	23.3%
Segment Profit Margin	25.7%	27.5%	21.8%
Adj. Segment Profit2	$119.2	$127.4	$105.8	(6.4%)	12.7%
Adj. Segment Profit Margin2	25.9%	27.5%	24.1%

1.The FY 2024 information has been recast to reflect the Company's Q4 2024 realignment into two reportable segments: Materials Solutions (MS) and Advanced Purity

6 Solutions (APS). 2.See GAAP to non-GAAP reconciliation tables in the appendix of this presentation.

Sales increase (SEQ) was primarily driven by liquid filtration.

Adjusted segment profit margin (YOY) decrease was primarily driven by underutilization of our manufacturing facilities and incremental fixed costs as we ramp our Taiwan and Colorado facilities.

Adjusted segment profit margin (SEQ) increase was primarily driven by sales leverage.

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	$646.8	7.7%	$643.0	7.6%	$694.6	8.2%
Net PP&E	$1,654.5	19.7%	$1,542.4	18.2%	$1,662.3	19.7%
Total Assets	$8,401.8		$8,472.8		$8,449.5
Accounts Payable	$146.5	1.7%	$174.2	2.1%	$156.8	1.9%
Other Current Liabilities, Excluding Current Maturities of Long-Term Debt	$346.2	4.1%	$347.5	4.1%	$310.4	3.7%
Long-Term Debt, Including Current Maturities	$3,842.8	45.7%	$4,125.7	48.7%	$3,987.8	47.2%
Total Liabilities	$4,511.0	53.7%	$4,880.3	57.6%	$4,640.4	54.9%
Total Shareholders' Equity	$3,890.8	46.3%	$3,592.5	42.4%	$3,809.1	45.1%

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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 activities	(1.2)	1.2	(0.1)
Net payments on debt	(150.0)	-	-
Payments for dividends	(15.1)	(15.1)	(15.2)
Other financing activities	1.2	1.4	(2.6)
Effect of exchange rates	($2.9)	$9.6	$6.8
Ending Cash Balance	$399.8	$432.1	$376.8
Free Cash Flow1	191.0	115.0	47.0

1. 1. Equals cash provided by operating activities less capital expenditures, net of proceeds from government incentives.

   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	$0.35
   Operating Margin	13.5% - 15.4%	15.2%	13.4%
   Non-GAAP
   $ in millions, except share data	4Q25 Guidance	3Q25 Actual	2Q25 Actual
   Net Sales	$790 - $830	$807.1	$792.4
   Non-GAAP Operating Expenses1	$184 - $188	$181.3	$188.2
   Non-GAAP Net Income1	$95 - $105	$109.9	$100.6
   Diluted non-GAAP Earnings per Common Share1	$0.62 - $0.69	$0.72	$0.66
   Adjusted EBITDA Margin1	26.5% - 27.5%	27.3%	27.3%

   
   
   

2. 1.See GAAP to non-GAAP reconciliation tables in the appendix of this presentation.

Appendix

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