Entegris (NASDAQ: ENTG) posts Q4 2025 results and guides Q1 2026 margins
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Entegris, Inc. reported fourth-quarter 2025 net sales of $823.9 million, slightly below the $849.8 million a year earlier. GAAP diluted EPS was $0.32 versus $0.67, while diluted non-GAAP EPS was $0.70 compared with $0.84, reflecting lower profitability despite stable revenue.
Fourth-quarter GAAP gross margin was 43.8% and adjusted EBITDA margin was 27.7%. For full-year 2025, net sales were $3.20 billion versus $3.24 billion in 2024, with net income of $235.6 million versus $292.8 million.
For the first quarter of 2026, Entegris guides net sales to $785–$825 million, GAAP diluted EPS of $0.43–$0.51, and diluted non-GAAP EPS of $0.70–$0.78, with expected adjusted EBITDA margin of 26.5%–27.5%.
Positive
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Negative
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Insights
Entegris posts slightly lower 2025 sales and earnings but guides to stable margins in early 2026.
Entegris delivered Q4 2025 revenue of $823.9M, down modestly from $849.8M a year earlier, while adjusted EBITDA margin held at a solid 27.7%. Non-GAAP EPS of $0.70 declined from $0.84, highlighting cost and mix pressures despite resilient demand.
Full-year 2025 net sales of $3.20B versus $3.24B and net income of $235.6M versus $292.8M show a softer profitability profile. Segment data indicate steadier performance in Materials Solutions and more pronounced margin compression in Advanced Purity Solutions due to ramp costs and lower volumes.
For the quarter ending March 28, 2026, management expects revenue of $785–$825M, non-GAAP EPS of $0.70–$0.78, and adjusted EBITDA margin of 26.5%–27.5%. This outlook suggests broadly stable near-term performance, with actual results depending on semiconductor demand trends and execution on cost controls.
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________________________________
FORM 8-K
________________________________________
CURRENT REPORT
PURSUANT TO SECTIONS 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) February 10, 2026
 | ||
_______________________________________
Entegris, Inc.
(Exact name of registrant as specified in its charter)
_______________________________________
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||||||||
(978 ) 436-6500
(Registrant’s telephone number, including area code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
___________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On February 10, 2026 , Entegris, Inc. (the "Company") issued a press release to announce results for the fourth quarter of 2025 and will hold a conference call to discuss such results. A copy of this press release and the supplemental slides to which management will refer during the conference call are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively, and are incorporated herein by reference.
In accordance with General Instructions B.2 of Form 8-K, the information in this Item 2.02 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing. The information set forth herein will not be deemed an admission as to the materiality of any information required to be disclosed solely to satisfy the requirements of Regulation FD.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| EXHIBIT INDEX | ||||||||
| Exhibit No. | Description | |||||||
| 99.1 | Press Release, dated February 10, 2026 | |||||||
| 99.2 | Fourth Quarter Earnings Release Presentation Slides, dated February 10, 2026 | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| ENTEGRIS, INC. | ||||||||
Dated: February 10, 2026 | By: | /s/ Linda LaGorga | ||||||
| Name: | Linda LaGorga | |||||||
| Title: | Senior Vice President and Chief Financial Officer | |||||||
 | PRESS RELEASE Jeffrey Schnell Vice President, Investor Relations T + 1 201 207 3029 jeffrey.schnell@entegris.com | |||||||||||||
Exhibit 99.1
ENTEGRIS REPORTS RESULTS FOR FOURTH QUARTER OF 2025
•Net sales of $824 million.
•GAAP diluted EPS of $0.32.
•Non-GAAP diluted EPS of $0.70.
BILLERICA, Mass., February 10, 2026 - Entegris, Inc. (NASDAQ: ENTG), today reported its financial results for the Company’s fourth quarter ended December 31, 2025.
Dave Reeder, Entegris’ President and Chief Executive Officer, said: “Our solid performance in the fourth quarter was highlighted by revenue, adjusted EBITDA margin, and non-GAAP EPS all near or above the high-end of our guidance range. For 2025, our unit-driven growth was a result of ongoing strength in liquid filtration, selective etch and CMP consumables, as volume continued to increase in the most advanced technologies. Free cash flow improved in 2025, and we expect continued improvement in cash generation in 2026, further strengthening our balance sheet and enabling incremental de-leveraging.”
Mr. Reeder added: “We enter 2026 with solid momentum and our customers are increasingly adopting more complex device architectures to advance their technology roadmaps and support the rapid growth of AI. This is creating a broad set of opportunities for Entegris, as our portfolio is well aligned with our customers’ most critical applications. Operational and commercial excellence, combined with our leadership in materials science and purity, positions Entegris as a trusted partner to optimize our customers’ device performance and yield. Moving forward, these dynamics are expected to accelerate our growth, drive higher content per wafer, result in sustained market outperformance and enhance our financial profile.”
Quarterly Financial Results Summary
(in millions, except percentages and per share data)
| GAAP Results | Dec 31, 2025 | Dec 31, 2024 | Sep 27, 2025 | ||||||||
| Net sales | $823.9 | $849.8 | $807.1 | ||||||||
| Gross margin - as a % of net sales | 43.8 | % | 45.6 | % | 43.5 | % | |||||
| Operating margin - as a % of net sales | 12.7 | % | 17.7 | % | 15.2 | % | |||||
| Net income | $49.4 | $102.3 | $70.5 | ||||||||
| Diluted earnings per common share | $0.32 | $0.67 | $0.46 | ||||||||
| Non-GAAP Results | Dec 31, 2025 | Dec 31, 2024 | Sep 27, 2025 | ||||||||
| Adjusted gross margin - as a % of net sales | 44.0 | % | 45.6 | % | 43.6 | % | |||||
| Adjusted operating margin - as a % of net sales | 21.2 | % | 23.5 | % | 21.1 | % | |||||
| Adjusted EBITDA - as a % of net sales | 27.7 | % | 29.2 | % | 27.3 | % | |||||
| Diluted non-GAAP earnings per common share | $0.70 | $0.84 | $0.72 | ||||||||
First Quarter of 2026 Outlook
For the Company’s guidance for the first quarter ending March 28, 2026, the Company expects sales of $785 million to $825 million. We expect GAAP net income to be between $65 million and $77 million and diluted earnings per common share is expected to be between $0.43 and $0.51. On a non-GAAP basis, the Company expects diluted earnings per common share to range from $0.70 to $0.78, reflecting net income on a non-GAAP basis in the range of $106 million to $118 million. The Company also expects Adjusted EBITDA of approximately 26.5% to 27.5% of sales.
Segment Results
The Company currently operates in two segments:
Materials Solutions (MS): MS provides materials-based solutions, such as chemical vapor and atomic layer deposition materials, chemical mechanical planarization slurries and pads, ion implantation specialty gases, formulated etch and clean materials, and other specialty materials that enable our customers to achieve better device performance and faster time to yield, while providing for lower total cost of ownership.
Advanced Purity Solutions (APS): APS offers filtration, purification and contamination-control solutions that improve customers’ yield, device reliability and cost by ensuring the purity of critical liquid chemistries and gases and the cleanliness of wafers and other substrates used throughout semiconductor manufacturing processes, the semiconductor ecosystem and other high-technology industries.
Fourth Quarter Results Conference Call
Entegris will hold a conference call to discuss its results for the fourth quarter on Tuesday, February 10, 2026, at 8:00 a.m. Eastern Time. Participants should dial 833-316-1983 or +1 785-838-9310, referencing confirmation ID: ENTGQ425. Participants are asked to dial in 10 minutes prior to the start of the call. For the live webcast and replay of the call, please Click Here.
Management’s slide presentation concerning the results for the fourth quarter will be posted on the Investor Relations section of www.entegris.com.
About Entegris
Entegris is a leading supplier of critical advanced materials and process solutions for the semiconductor and other high-technology industries. Entegris has approximately 7,700 employees throughout its global operations and is ISO 9001 certified. It has manufacturing, customer service and/or research facilities in the United States, Canada, China, Germany, Israel, Japan, Malaysia, Singapore, South Korea, and Taiwan. Additional information can be found at www.entegris.com.
Non-GAAP Information
The Company’s condensed consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States (GAAP). Adjusted Net Sales, Adjusted EBITDA, Adjusted Gross Profit, Adjusted Segment Profit, Adjusted Operating Income, non-GAAP Net Income, non-GAAP Adjusted Operating Margin and diluted non-GAAP Earnings Per Common Share, together with related measures thereof, are considered “non-GAAP financial measures” under the rules and regulations of the Securities and Exchange Commission. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. The Company provides supplemental non-GAAP financial measures to better understand and manage its business and believes these measures provide investors and analysts additional and meaningful information for the assessment of the Company’s ongoing results. Management also uses these non-GAAP measures to assist in the evaluation of the performance of its business segments and to make operating decisions. Management believes that the Company’s non-GAAP measures help indicate the Company’s baseline performance before certain gains, losses or other charges that may not be indicative of the Company’s business or future outlook, and that non-GAAP measures offer a more consistent view of business performance. The Company believes the non-GAAP measures aid investors’ overall understanding of the Company’s results by providing a higher degree of transparency for such items and providing a level of disclosure that will help investors generally understand how management plans, measures and evaluates the Company’s business performance. Management believes that the inclusion of non-GAAP measures provides greater consistency in its financial reporting and facilitates investors’ understanding of the Company’s historical operating trends by providing an additional basis for comparisons to prior periods. The reconciliations of GAAP net sales to Adjusted Net Sales (excluding divestiture), GAAP gross profit to Adjusted Gross Profit, GAAP segment profit to Adjusted Operating Income, GAAP net income to Adjusted Operating Income and Adjusted EBITDA, GAAP net income and diluted earnings per common share to non-GAAP Net Income and diluted non-GAAP Earnings Per Common Share and GAAP outlook to non-GAAP outlook are included elsewhere in this release.
Entegris, Inc. - page 2 of 14
Cautionary Note on Forward-Looking Statements
This news release 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 identify such forward-looking statements. These forward-looking statements are based on current management expectations and assumptions only as of the date of this news release. They are not guarantees of future performance and they involve substantial risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements. These risks and uncertainties include, but are not limited to, fluctuations in the demand for semiconductors; the impact of global economic uncertainty, including volatile financial markets, inflationary pressures and interest rate fluctuations, economic recessions, national debt and bank failures, raw material shortages, supply constraints, and price increases; supply chain interruptions and the Company’s dependence on sole, single and limited source suppliers; operational, political and legal risks associated with the Company’s international operations, including those related to geopolitical uncertainty and regional and global instabilities and hostilities, including, but not limited to, the ongoing conflicts between Ukraine and Russia, and between Israel and Hamas, as well as the global responses thereto; export controls, economic sanctions, and similar restrictions; the concentration and consolidation of the Company’s customer base; the Company’s ability to meet rapid demand shifts; the Company’s ability to continue technological innovation and to introduce new products to meet customers’ rapidly changing requirements; manufacturing and other operational disruptions or delays; IT system failures, network disruptions, and cybersecurity risks; tariffs, additional taxes and other protectionist measures resulting from international trade disputes, strained international relations and changes in foreign and national security policy; the risks associated with the use and manufacture of hazardous materials; goodwill impairment; challenges in attracting and retaining qualified personnel; the Company’s ability to protect and enforce intellectual property rights; artificial intelligence; the Company’s environmental, social, and governance commitments; legal and regulatory risks, including changes in laws and regulations related to the environment, health and safety, accounting standards, and corporate governance, across the jurisdictions in which the Company operates; changes in taxation or adverse tax rulings; the Company’s ability to effectively implement any organizational changes; the ability to obtain government incentives and the possibility that competitors will benefit from government incentives; the amount and consequences of the Company’s indebtedness, its ability to repay its debt and to obtain future financing, and the Company’s obligations under its current outstanding credit facilities; volatility in the Company’s stock price; the payment of cash dividends and the adoption of future share repurchase programs; challenges associated with a potential change of control; substantial competition; the Company’s ability to identify, complete and integrate acquisitions, joint ventures, divestitures or other similar transactions; the impacts of climate change; and other matters. These risks and uncertainties also include, but are not limited to, the risk factors and additional information described in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the Securities and Exchange Commission (the “SEC”) on February 12, 2025, including under the heading “Risk Factors” in Item 1A, and in the Company’s other periodic filings with the SEC. Except as required under the federal securities laws and the rules and regulations of the SEC, the Company undertakes no obligation to update publicly any forward-looking statements or information contained herein, which speak as of their respective dates.
Entegris, Inc. - page 3 of 14
Entegris, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations
(In millions, except per share data)
(Unaudited)
| Three months ended | ||||||||||||||
| Dec 31, 2025 | Dec 31, 2024 | Sep 27, 2025 | ||||||||||||
| Net sales | $823.9 | $849.8 | $807.1 | |||||||||||
| Cost of sales | 463.3 | 462.5 | 455.8 | |||||||||||
| Gross profit | 360.6 | 387.3 | 351.3 | |||||||||||
| Selling, general and administrative expenses | 130.4 | 109.6 | 101.8 | |||||||||||
| Engineering, research and development expenses | 79.0 | 81.5 | 80.9 | |||||||||||
| Amortization of intangible assets | 46.3 | 46.2 | 46.0 | |||||||||||
| Operating income | 104.9 | 150.0 | 122.6 | |||||||||||
| Interest expense, net | 45.7 | 50.6 | 46.1 | |||||||||||
| Other expense (income), net | 4.1 | (13.1) | 4.2 | |||||||||||
| Income before income tax expense | 55.1 | 112.5 | 72.3 | |||||||||||
| Income tax expense | 5.5 | 10.0 | 1.5 | |||||||||||
| Equity in net loss of affiliates | 0.2 | 0.2 | 0.3 | |||||||||||
| Net income | $49.4 | $102.3 | $70.5 | |||||||||||
| Basic earnings per common share | $0.33 | $0.68 | $0.46 | |||||||||||
| Diluted earnings per common share | $0.32 | $0.67 | $0.46 | |||||||||||
| Weighted average shares outstanding: | ||||||||||||||
| Basic | 151.9 | 151.2 | 151.8 | |||||||||||
| Diluted | 152.5 | 151.9 | 152.3 | |||||||||||
Entegris, Inc. - page 4 of 14
Entegris, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations
(In millions, except per share data)
(Unaudited)
| Twelve months ended | |||||||||||
| Dec 31, 2025 | Dec 31, 2024 | ||||||||||
| Net sales | $3,196.6 | $3,241.2 | |||||||||
| Cost of sales | 1,776.7 | 1,754.5 | |||||||||
| Gross profit | 1,419.9 | 1,486.7 | |||||||||
| Selling, general and administrative expenses | 450.6 | 446.6 | |||||||||
| Engineering, research and development expenses | 329.0 | 316.1 | |||||||||
| Amortization of intangible assets | 184.4 | 190.1 | |||||||||
| Operating income | 455.9 | 533.9 | |||||||||
| Interest expense, net | 191.9 | 207.9 | |||||||||
| Other expense, net | 9.4 | 4.0 | |||||||||
| Income before income tax expense | 254.6 | 322.0 | |||||||||
| Income tax expense | 18.0 | 28.3 | |||||||||
| Equity in net loss of affiliates | 1.0 | 0.9 | |||||||||
| Net income | $235.6 | $292.8 | |||||||||
| Basic earnings per common share: | $1.55 | $1.94 | |||||||||
| Diluted earnings per common share: | $1.55 | $1.93 | |||||||||
| Weighted average shares outstanding: | |||||||||||
| Basic | 151.7 | 150.9 | |||||||||
| Diluted | 152.2 | 151.8 | |||||||||
Entegris, Inc. - page 5 of 14
Entegris, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(In millions)
(Unaudited)
| Dec 31, 2025 | Dec 31, 2024 | ||||||||||||||||
| ASSETS | |||||||||||||||||
| Current assets: | |||||||||||||||||
| Cash and cash equivalents | $360.4 | $329.2 | |||||||||||||||
| Trade accounts and notes receivable, net | 458.7 | 495.3 | |||||||||||||||
| Inventories, net | 643.2 | 638.1 | |||||||||||||||
| Deferred tax charges and refundable income taxes | 35.1 | 39.6 | |||||||||||||||
| Assets held-for-sale | — | 5.5 | |||||||||||||||
| Other current assets | 140.8 | 108.6 | |||||||||||||||
| Total current assets | 1,638.2 | 1,616.3 | |||||||||||||||
| Property, plant and equipment, net | 1,636.1 | 1,622.9 | |||||||||||||||
| Right-of-use assets | 108.7 | 83.4 | |||||||||||||||
| Goodwill | 3,946.7 | 3,943.6 | |||||||||||||||
| Intangible assets, net | 906.9 | 1,091.7 | |||||||||||||||
| Deferred tax assets and other noncurrent tax assets | 91.6 | 12.5 | |||||||||||||||
| Other noncurrent assets | 22.3 | 24.2 | |||||||||||||||
| Total assets | $8,350.5 | $8,394.6 | |||||||||||||||
| LIABILITIES AND EQUITY | |||||||||||||||||
| Current liabilities | |||||||||||||||||
| Accounts payable | $171.5 | $193.3 | |||||||||||||||
| Accrued liabilities | 234.7 | 250.2 | |||||||||||||||
| Liabilities held-for-sale | — | 1.2 | |||||||||||||||
| Income taxes payable | 82.4 | 80.5 | |||||||||||||||
| Total current liabilities | 488.6 | 525.2 | |||||||||||||||
| Long-term debt | 3,697.6 | 3,981.1 | |||||||||||||||
| Long-term lease liabilities | 98.6 | 72.1 | |||||||||||||||
| Other liabilities | 112.3 | 124.7 | |||||||||||||||
| Shareholders’ equity | 3,953.4 | 3,691.5 | |||||||||||||||
| Total liabilities and equity | $8,350.5 | $8,394.6 | |||||||||||||||
Entegris, Inc. - page 6 of 14
Entegris, Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows
(In millions)
(Unaudited)
| Three months ended | Twelve months ended | |||||||||||||
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2025 | Dec 31, 2024 | |||||||||||
| Operating activities: | ||||||||||||||
| Net income | $49.4 | $102.3 | $235.6 | $292.8 | ||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||
| Depreciation | 53.7 | 48.3 | 205.3 | 188.1 | ||||||||||
| Amortization | 46.3 | 46.2 | 184.4 | 190.1 | ||||||||||
| Share-based compensation expense | 18.9 | 15.6 | 69.3 | 65.9 | ||||||||||
| Provision for deferred income taxes | (32.6) | (31.8) | (87.4) | (78.9) | ||||||||||
| Other | 38.7 | 16.7 | 95.5 | 82.6 | ||||||||||
| Changes in operating assets and liabilities: | ||||||||||||||
| Trade accounts and notes receivable | 32.8 | 3.1 | 40.3 | (49.0) | ||||||||||
| Inventories | (8.7) | (7.9) | (43.1) | (76.7) | ||||||||||
| Accounts payable and accrued liabilities | (22.5) | (43.7) | 12.0 | 8.9 | ||||||||||
| Income taxes payable and refundable income taxes | 33.9 | 31.6 | (7.6) | 7.9 | ||||||||||
| Other | (17.9) | (4.3) | (8.9) | — | ||||||||||
| Net cash provided by operating activities | 192.0 | 176.1 | 695.4 | 631.7 | ||||||||||
| Investing activities: | ||||||||||||||
| Acquisition of property, plant and equipment | (58.0) | (107.5) | (299.2) | (315.6) | ||||||||||
Proceeds from government incentives | — | — | 8.2 | — | ||||||||||
| Proceeds from sale of business, net | (6.7) | — | (6.7) | 250.8 | ||||||||||
| Other | (1.6) | (0.4) | (3.1) | (2.3) | ||||||||||
| Net cash used in investing activities | (66.3) | (107.9) | (300.8) | (67.1) | ||||||||||
| Financing activities: | ||||||||||||||
| Proceeds from debt | 35.0 | 110.0 | 567.0 | 364.5 | ||||||||||
| Payments of debt | (185.0) | (260.0) | (867.0) | (988.3) | ||||||||||
| Payments for dividends | (15.1) | (15.1) | (60.8) | (60.6) | ||||||||||
| Issuance of common stock | 3.1 | 0.4 | 6.7 | 14.0 | ||||||||||
| Taxes paid related to net share settlement of equity awards | (0.2) | (0.8) | (10.8) | (16.9) | ||||||||||
| Other | (0.6) | 0.2 | (2.0) | (1.6) | ||||||||||
| Net cash used in financing activities | (162.8) | (165.3) | (366.9) | (688.9) | ||||||||||
| Effect of exchange rate changes on cash and cash equivalents | (2.3) | (5.8) | 3.5 | (3.4) | ||||||||||
| (Decrease) increase in cash and cash equivalents | (39.4) | (102.9) | 31.2 | (127.7) | ||||||||||
| Cash and cash equivalents at beginning of period | 399.8 | 432.1 | 329.2 | 456.9 | ||||||||||
| Cash and cash equivalents at end of period | $360.4 | $329.2 | $360.4 | $329.2 | ||||||||||
Entegris, Inc. - page 7 of 14
Entegris, Inc. and Subsidiaries
Segment Information
(In millions)
(Unaudited)
| Three months ended | Twelve months ended | ||||||||||||||||
| Net sales | Dec 31, 2025 | Dec 31, 2024 | Sep 27, 2025 | Dec 31, 2025 | Dec 31, 2024 | ||||||||||||
| Materials Solutions | $361.8 | $361.1 | $348.6 | $1,406.7 | $1,400.1 | ||||||||||||
| Advanced Purity Solutions | 464.5 | 491.2 | 460.8 | 1,799.1 | 1,850.2 | ||||||||||||
| Inter-segment elimination | (2.4) | (2.5) | (2.3) | (9.2) | (9.1) | ||||||||||||
| Total net sales | $823.9 | $849.8 | $807.1 | $3,196.6 | $3,241.2 | ||||||||||||
| Three months ended | Twelve months ended | ||||||||||||||||
| Segment profit | Dec 31, 2025 | Dec 31, 2024 | Sep 27, 2025 | Dec 31, 2025 | Dec 31, 2024 | ||||||||||||
| Materials Solutions | $63.9 | $77.1 | $65.2 | $276.6 | $286.2 | ||||||||||||
| Advanced Purity Solutions | 104.2 | 134.9 | 118.2 | 426.4 | 496.1 | ||||||||||||
| Total segment profit | 168.1 | 212.0 | 183.4 | 703.0 | 782.3 | ||||||||||||
| Amortization of intangibles | (46.3) | (46.2) | (46.0) | (184.4) | (190.1) | ||||||||||||
| Unallocated expenses | (16.9) | (15.8) | (14.8) | (62.7) | (58.3) | ||||||||||||
| Total operating income | $104.9 | $150.0 | $122.6 | $455.9 | $533.9 | ||||||||||||
Entegris, Inc. - page 8 of 14
Entegris, Inc. and Subsidiaries
Reconciliation of GAAP Gross Profit to Adjusted Gross Profit
(In millions)
(Unaudited)
| Three months ended | Twelve months ended | ||||||||||||||||
| Dec 31, 2025 | Dec 31, 2024 | Sep 27, 2025 | Dec 31, 2025 | Dec 31, 2024 | |||||||||||||
| Net sales | $823.9 | $849.8 | $807.1 | $3,196.6 | $3,241.2 | ||||||||||||
| Gross profit-GAAP | $360.6 | $387.3 | $351.3 | $1,419.9 | $1,486.7 | ||||||||||||
| Adjustments to gross profit: | |||||||||||||||||
Restructuring costs 1 | 1.7 | 0.4 | 0.3 | 4.3 | 0.4 | ||||||||||||
| Adjusted gross profit | $362.3 | $387.7 | $351.6 | $1,424.2 | $1,487.1 | ||||||||||||
| Gross margin - as a % of net sales | 43.8 | % | 45.6 | % | 43.5 | % | 44.4 | % | 45.9 | % | |||||||
| Adjusted gross margin - as a % of net sales | 44.0 | % | 45.6 | % | 43.6 | % | 44.6 | % | 45.9 | % | |||||||
1 Restructuring charges resulting from discrete cost saving initiatives inclusive of employee termination benefit and asset impairment charges, primarily related to (i) an internal reorganization, combining two complementary divisions into one and realigning our customer facing organization and (ii) workforce reductions, contract termination costs and the abandonment of certain capital equipment no longer necessary for the Company’s long-term objectives.
Entegris, Inc. - page 9 of 14
Entegris, Inc. and Subsidiaries
Reconciliation of GAAP Segment Profit to Adjusted Operating Income
(In millions)
(Unaudited)
| Three months ended | Twelve months ended | ||||||||||||||||
| Adjusted segment profit | Dec 31, 2025 | Dec 31, 2024 | Sep 27, 2025 | Dec 31, 2025 | Dec 31, 2024 | ||||||||||||
| MS segment profit | $63.9 | $77.1 | $65.2 | $276.6 | $286.2 | ||||||||||||
Restructuring costs 1 | 0.9 | 1.1 | 0.7 | 4.7 | 1.1 | ||||||||||||
Loss (gain) on sale of businesses 2 | 10.9 | — | — | 10.9 | (4.3) | ||||||||||||
Impairment of long-lived assets 3 | — | — | — | — | 13.0 | ||||||||||||
| MS adjusted segment profit | $75.7 | $78.2 | $65.9 | $292.2 | $296.0 | ||||||||||||
| APS segment profit | $104.2 | $134.9 | $118.2 | $426.4 | $496.1 | ||||||||||||
Restructuring costs 1 | 10.8 | 2.2 | 1.0 | 24.0 | 2.2 | ||||||||||||
| APS adjusted segment profit | $115.0 | $137.1 | $119.2 | $450.4 | $498.3 | ||||||||||||
| Unallocated general and administrative expenses | $16.9 | $15.8 | $14.8 | $62.7 | $58.3 | ||||||||||||
| Less: unallocated deal and integration costs | — | — | — | — | (3.4) | ||||||||||||
Less: unallocated restructuring costs 1 | (0.6) | (0.6) | — | (1.0) | (0.6) | ||||||||||||
Less: unallocated acquired tax equalization asset reduction 4 | — | — | — | — | (3.0) | ||||||||||||
| Adjusted unallocated general and administrative expenses | $16.3 | $15.2 | $14.8 | $61.7 | $51.3 | ||||||||||||
| Total adjusted segment profit | $190.7 | $215.3 | $185.1 | $742.6 | $794.3 | ||||||||||||
| Less: adjusted unallocated general and administrative expenses | (16.3) | (15.2) | (14.8) | (61.7) | (51.3) | ||||||||||||
| Total adjusted operating income | $174.4 | $200.1 | $170.3 | $680.9 | $743.0 | ||||||||||||
1 Restructuring charges resulting from discrete cost saving initiatives inclusive of employee termination benefit and asset impairment charges, primarily related to (i) an internal reorganization, combining two complementary divisions into one and realigning our customer facing organization and (ii) workforce reductions, contract termination costs and the abandonment of certain capital equipment no longer necessary for the Company’s long-term objectives.
2 Loss (gain) from the sale of certain of the Company’s PIM and small, industrial specialty chemicals businesses.
3 Impairment of long-lived assets related to a small, industrial specialty chemicals business.
4 Represents an asset reduction of an acquired tax equalization asset from the CMC Materials acquisition.
Entegris, Inc. - page 10 of 14
Entegris, Inc. and Subsidiaries
Reconciliation of GAAP Net Income to Adjusted Operating Income and Adjusted EBITDA
(In millions)
(Unaudited)
| Three months ended | Twelve months ended | ||||||||||||||||
| Dec 31, 2025 | Dec 31, 2024 | Sep 27, 2025 | Dec 31, 2025 | Dec 31, 2024 | |||||||||||||
| Net sales | $823.9 | $849.8 | $807.1 | $3,196.6 | $3,241.2 | ||||||||||||
| Net income | $49.4 | $102.3 | $70.5 | $235.6 | $292.8 | ||||||||||||
| Net income - as a % of net sales | 6.0 | % | 12.0 | % | 8.7 | % | 7.4 | % | 9.0 | % | |||||||
| Adjustments to net income: | |||||||||||||||||
| Equity in net loss of affiliates | 0.2 | 0.2 | 0.3 | 1.0 | 0.9 | ||||||||||||
| Income tax expense | 5.5 | 10.0 | 1.5 | 18.0 | 28.3 | ||||||||||||
| Interest expense, net | 45.7 | 50.6 | 46.1 | 191.9 | 207.9 | ||||||||||||
| Other expense (income), net | 4.1 | (13.1) | 4.2 | 9.4 | 4.0 | ||||||||||||
| GAAP - Operating income | 104.9 | 150.0 | 122.6 | 455.9 | 533.9 | ||||||||||||
| Operating margin - as a % of net sales | 12.7 | % | 17.7 | % | 15.2 | % | 14.3 | % | 16.5 | % | |||||||
| Integration costs: | |||||||||||||||||
Professional fees 1 | — | — | — | — | 2.6 | ||||||||||||
Severance costs 2 | — | — | — | — | 0.8 | ||||||||||||
Restructuring costs 3 | 12.3 | 3.9 | 1.7 | 29.7 | 3.9 | ||||||||||||
Acquired tax equalization asset reduction 4 | — | — | — | — | 3.0 | ||||||||||||
Loss (gain) on sale of businesses 5 | 10.9 | — | — | 10.9 | (4.3) | ||||||||||||
Impairment of long-lived assets 6 | — | — | — | — | 13.0 | ||||||||||||
Amortization of intangible assets 7 | 46.3 | 46.2 | 46.0 | 184.4 | 190.1 | ||||||||||||
| Adjusted operating income | 174.4 | 200.1 | 170.3 | 680.9 | 743.0 | ||||||||||||
| Adjusted operating margin - as a % of net sales | 21.2 | % | 23.5 | % | 21.1 | % | 21.3 | % | 22.9 | % | |||||||
| Depreciation | 53.7 | 48.3 | 50.4 | 205.3 | 188.1 | ||||||||||||
| Adjusted EBITDA | $228.1 | $248.4 | $220.7 | $886.2 | $931.1 | ||||||||||||
| Adjusted EBITDA - as a % of net sales | 27.7 | % | 29.2 | % | 27.3 | % | 27.7 | % | 28.7 | % | |||||||
1 Represents professional and vendor fees recorded in connection with services provided by consultants, accountants, lawyers and
other third-party service providers to assist us in integrating CMC Materials into our operations.
2 Represents severance charges related to the integration of CMC Materials.
3 Restructuring charges resulting from discrete cost saving initiatives inclusive of employee termination benefit and asset impairment charges, primarily related to (i) an internal reorganization, combining two complementary divisions into one and realigning our customer facing organization and (ii) workforce reductions, contract termination costs and the abandonment of certain capital equipment no longer necessary for the Company’s long-term objectives.
4 Represents an asset reduction of an acquired tax equalization asset from the CMC Materials acquisition.
5 Loss (gain) from the sale of certain of the Company’s PIM and small, industrial specialty chemicals businesses.
6 Impairment of long-lived assets related to a small, industrial specialty chemicals business.
7 Non-cash amortization expense associated with intangibles acquired in acquisitions.
Entegris, Inc. - page 11 of 14
Entegris, Inc. and Subsidiaries
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)
(Unaudited)
| Three months ended | Twelve months ended | ||||||||||||||||
| Dec 31, 2025 | Dec 31, 2024 | Sep 27, 2025 | Dec 31, 2025 | Dec 31, 2024 | |||||||||||||
| GAAP net income | $49.4 | $102.3 | $70.5 | $235.6 | $292.8 | ||||||||||||
| Adjustments to net income: | |||||||||||||||||
| Integration costs: | |||||||||||||||||
Professional fees 1 | — | — | — | — | 2.6 | ||||||||||||
Severance costs 2 | — | — | — | — | 0.8 | ||||||||||||
Restructuring costs 3 | 12.3 | 3.9 | 1.7 | 29.7 | 3.9 | ||||||||||||
Patent infringement settlement gain, net 4 | — | (20.0) | — | — | (20.0) | ||||||||||||
Acquired tax equalization asset reduction 5 | — | — | — | — | 3.0 | ||||||||||||
Loss on extinguishment of debt and modification 6 | 1.5 | 2.0 | 1.7 | 3.2 | 14.3 | ||||||||||||
Loss (gain) on sale of businesses 7 | 10.9 | — | — | 10.9 | (4.3) | ||||||||||||
Impairment of long-lived assets 8 | — | — | — | — | 13.0 | ||||||||||||
Amortization of intangible assets 9 | 46.3 | 46.2 | 46.0 | 184.4 | 190.1 | ||||||||||||
Tax effect of adjustments to net income and discrete tax items 10 | (13.9) | (6.9) | (10.0) | (45.3) | (40.2) | ||||||||||||
| Non-GAAP net income | $106.5 | $127.5 | $109.9 | $418.5 | $456.0 | ||||||||||||
| Diluted earnings per common share | $0.32 | $0.67 | $0.46 | $1.55 | $1.93 | ||||||||||||
| Effect of adjustments to net income | $0.37 | $0.17 | $0.26 | $1.20 | $1.08 | ||||||||||||
| Diluted non-GAAP earnings per common share | $0.70 | $0.84 | $0.72 | $2.75 | $3.00 | ||||||||||||
| Diluted weighted averages shares outstanding | 152.5 | 151.9 | 152.3 | 152.2 | 151.8 | ||||||||||||
1 Represents professional and vendor fees recorded in connection with services provided by consultants, accountants, lawyers and
other third-party service providers to assist us in integrating CMC Materials into our operations.
2 Represents severance charges related to the integration of CMC Materials.
3 Restructuring charges resulting from discrete cost saving initiatives inclusive of employee termination benefit and asset impairment charges, primarily related to (i) an internal reorganization, combining two complementary divisions into one and realigning our customer facing organization and (ii) workforce reductions, contract termination costs and the abandonment of certain capital equipment no longer necessary for the Company’s long-term objectives.
4 During the fourth quarter of 2024, the Company settled patent infringement litigation and received net proceeds of $20.0 million.
5 Represents an asset reduction of an acquired tax equalization asset from the CMC Materials acquisition.
6 Loss on extinguishment of debt in 2024 and 2025 and modification of our Existing Credit Agreement in 2024.
7 Loss (gain) from the sale of certain of the Company’s PIM and small, industrial specialty chemicals businesses.
8 Impairment of long-lived assets related to a small, industrial specialty chemicals business.
9 Non-cash amortization expense associated with intangibles acquired in acquisitions.
10 The tax effect of pre-tax adjustments to net income was calculated using the applicable marginal tax rate for each respective year.
Entegris, Inc. - page 12 of 14
Entegris, Inc. and Subsidiaries
Reconciliation of Reported Net Sales to Adjusted Net Sales (excluding divestiture) Non-GAAP
(In millions)
(Unaudited)
| Three months ended | Twelve months ended | ||||||||||||||||
| Dec 31, 2025 | Dec 31, 2024 | Sep 27, 2025 | Dec 31, 2025 | Dec 31, 2024 | |||||||||||||
| Net sales | $823.9 | $849.8 | $807.1 | $3,196.6 | $3,241.2 | ||||||||||||
Less: divestiture 1 | — | — | — | — | (33.9) | ||||||||||||
| Adjusted net sales (excluding divestiture) Non-GAAP | $823.9 | $849.8 | $807.1 | $3,196.6 | $3,207.3 | ||||||||||||
1 Adjusted to exclude net sales from the PIM business, which was divested in Q1 2024.
Entegris, Inc. - page 13 of 14
Entegris, Inc. and Subsidiaries
Reconciliation of GAAP Outlook to Non-GAAP Outlook *
(In millions, except per share data)
(Unaudited)
First Quarter Outlook | |||||
| Reconciliation GAAP Operating Margin to non-GAAP Operating Margin and Adjusted EBITDA Margin | March 28, 2026 | ||||
| Net sales | $785 - $825 | ||||
| GAAP - Operating income | $124 - $143 | ||||
| Operating margin - as a % of net sales | 15.7% - 17.3% | ||||
| Restructuring costs | 3 | ||||
| Amortization of intangible assets | 46 | ||||
| Adjusted operating income | $172 - $191 | ||||
| Adjusted operating margin - as a % of net sales | 22.0% - 23.2% | ||||
| Depreciation | 36 | ||||
| Adjusted EBITDA | $208 - $227 | ||||
| Adjusted EBITDA - as a % of net sales | 26.5% - 27.5% | ||||
| First Quarter Outlook | |||||
| Reconciliation GAAP net income to non-GAAP net income | March 28, 2026 | ||||
| GAAP net income | $65 - $77 | ||||
| Adjustments to net income: | |||||
| Restructuring costs | 3 | ||||
| Amortization of intangible assets | 46 | ||||
| Income tax effect | (8) | ||||
| Non-GAAP net income | $106 - $118 | ||||
| First Quarter Outlook | |||||
| Reconciliation GAAP diluted earnings per share to non-GAAP diluted earnings per share | March 28, 2026 | ||||
| Diluted earnings per common share | $0.43 - $0.51 | ||||
| Adjustments to earnings per share: | |||||
| Restructuring costs | 0.02 | ||||
| Amortization of intangible assets | 0.30 | ||||
| Income tax effect | (0.05) | ||||
| Diluted non-GAAP earnings per common share | $0.70 - $0.78 | ||||
| *As a result of displaying amounts in millions, rounding differences may exist in the tables. | |||||
### END ###
Entegris, Inc. - page 14 of 14
ENTEGRIS PROPRIETARY AND CONFIDENTIAL – INTERNAL Fourth Quarter 2025 February 10, 2026 Entegris Earnings Summary EXHIBIT 99.2
2 Safe Harbor ENTEGRIS FOURTH QUARTER 2025 EARNINGS SUMMARY 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 identify such forward-looking statements. These forward-looking statements are based on current management expectations and assumptions only as of the date of this presentation. They are not guarantees of future performance and they involve substantial risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements. These risks and uncertainties include, but are not limited to, fluctuations in the demand for semiconductors; the impact of global economic uncertainty, including volatile financial markets, inflationary pressures and interest rate fluctuations, economic recessions, national debt and bank failures, raw material shortages, supply constraints, and price increases; supply chain interruptions and the Company’s dependence on sole, single and limited source suppliers; operational, political and legal risks associated with the Company’s international operations, including those related to geopolitical uncertainty and regional and global instabilities and hostilities, including, but not limited to, the ongoing conflicts between Ukraine and Russia, and between Israel and Hamas, as well as the global responses thereto; export controls, economic sanctions, and similar restrictions; the concentration and consolidation of the Company’s customer base; the Company’s ability to meet rapid demand shifts; the Company’s ability to continue technological innovation and to introduce new products to meet customers’ rapidly changing requirements; manufacturing and other operational disruptions or delays; IT system failures, network disruptions, and cybersecurity risks; tariffs, additional taxes and other protectionist measures resulting from international trade disputes, strained international relations and changes in foreign and national security policy; the risks associated with the use and manufacture of hazardous materials; goodwill impairment; challenges in attracting and retaining qualified personnel; the Company’s ability to protect and enforce intellectual property rights; artificial intelligence; the Company’s environmental, social, and governance commitments; legal and regulatory risks, including changes in laws and regulations related to the environment, health and safety, accounting standards, and corporate governance, across the jurisdictions in which the Company operates; changes in taxation or adverse tax rulings; the Company’s ability to effectively implement any organizational changes; the ability to obtain government incentives and the possibility that competitors will benefit from government incentives; the amount and consequences of the Company’s indebtedness, its ability to repay its debt and to obtain future financing, and the Company’s obligations under its current outstanding credit facilities; volatility in the Company’s stock price; the payment of cash dividends and the adoption of future share repurchase programs; challenges associated with a potential change of control; substantial competition; the Company’s ability to identify, complete and integrate acquisitions, joint ventures, divestitures or other similar transactions; the impacts of climate change; and other matters. These risks and uncertainties also include, but are not limited to, the risk factors and additional information described in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the Securities and Exchange Commission (the “SEC”) on February 12, 2025, including under the heading “Risk Factors” in Item 1A, and in the Company’s other periodic filings with the SEC. Except as required under the federal securities laws and the rules and regulations of the SEC, the Company undertakes no obligation to update publicly any forward-looking statements or information contained herein, which speak as of their respective dates. This presentation contains references to "Adjusted Net Sales ", “Adjusted EBITDA,” “Adjusted EBITDA – as a % of Net Sales,” “Adjusted Operating Income,” “Adjusted Operating Margin,” “Adjusted Gross Profit,” “Adjusted Gross Margin – as a % of Net Sales,” “Adjusted Segment Profit,” “Adjusted Segment Profit Margin,” “Non-GAAP Operating Expenses,” “Non-GAAP Tax Rate,” “Non-GAAP Net Income,” “Diluted Non-GAAP Earnings per Common Share,” “Free Cash Flow,” and other measures that are not presented in accordance GAAP. The non-GAAP financial measures should not be considered in isolation or as a substitute for GAAP financial measures but should instead be read in conjunction with the GAAP financial measures. Further information with respect to and reconciliations of such measures to the most directly comparable GAAP measure can be found attached to this presentation.
3 Summary – Consolidated Statement of Operations GAAP ENTEGRIS FOURTH QUARTER 2025 EARNINGS SUMMARY $ in millions, except per share data 4Q25 4Q24 3Q25 4Q25 over 4Q24 4Q25 over 3Q25 Net Sales $823.9 $849.8 $807.1 (3.0%) 2.1% Gross Margin 43.8% 45.6% 43.5% Operating Expenses $255.7 $237.3 $228.7 7.8% 11.8% Operating Income $104.9 $150.0 $122.6 (30.1%) (14.4%) Operating Margin 12.7% 17.7% 15.2% Tax Rate 10.0% 8.9% 2.1% Net Income $49.4 $102.3 $70.5 (51.7%) (29.9%) Diluted Earnings Per Common Share $0.32 $0.67 $0.46 (52.2%) (30.4%)
4 Summary – Consolidated Statement of Operations Non-GAAP1 ENTEGRIS FOURTH QUARTER 2025 EARNINGS SUMMARY $ in millions, except per share data 4Q25 4Q24 3Q25 4Q25 over 4Q24 4Q25 over 3Q25 Net Sales $823.9 $849.8 $807.1 (3.0%) 2.1% Adjusted Gross Margin – as a % of Net Sales2 44.0% 45.6% 43.6% Non-GAAP Operating Expenses3 $187.9 $187.6 $181.3 0.2% 3.6% Adjusted Operating Income $174.4 $200.1 $170.3 (12.8%) 2.4% Adjusted Operating Margin 21.2% 23.5% 21.1% Non-GAAP Tax Rate4 15.4% 11.6% 9.4% Non-GAAP Net Income5 $106.5 $127.5 $109.9 (16.5%) (3.1%) Diluted Non-GAAP Earnings Per Common Share $0.70 $0.84 $0.72 (16.7%) (2.8%) Adjusted EBITDA $228.1 $248.4 $220.7 (8.2%) 3.4% Adjusted EBITDA – as a % of Net Sales 27.7% 29.2% 27.3% 1.See GAAP to non-GAAP reconciliation tables in the appendix of this presentation. 2. Excludes restructuring costs. 3.Excludes amortization expense, restructuring costs, and loss on sale of small, industrial specialty chemicals 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, patent infringement settlement gain in 2024, and loss on extinguishment of debt in 2024 and 2025.
5 Sales increase (SEQ) was primarily driven by advanced deposition materials. Adjusted segment profit margin (YOY) decrease was primarily driven by slightly lower production volumes and strategic investments. Adjusted segment profit margin (SEQ) increase was primarily driven by higher production volumes and product mix. $ in millions 4Q25 4Q24 3Q25 4Q25 over 4Q24 4Q25 over 3Q25 Net Sales $361.8 $361.1 $348.6 0.2% 3.8% Segment Profit $63.9 $77.1 $65.2 (17.1%) (2.0%) Segment Profit Margin 17.7% 21.4% 18.7% Adj. Segment Profit1 $75.7 $78.2 $65.9 (3.2%) 14.9% Adj. Segment Profit Margin1 20.9% 21.7% 18.9% Materials Solutions (MS) ENTEGRIS FOURTH QUARTER 2025 EARNINGS SUMMARY 4Q25 Highlights 1.See GAAP to non-GAAP reconciliation tables in the appendix of this presentation.
6 Sales decrease (YOY) was primarily driven by fluid handling and FOUPS, partially offset by strong growth in liquid filtration. Sales increase (SEQ) was primarily driven by liquid filtration and gas purification, partially offset by lower FOUP sales. Adjusted segment profit margin (YOY) decrease was primarily driven by costs related to the ramp of the Taiwan and Colorado manufacturing sites and lower production volumes. Adjusted segment profit margin (SEQ) decrease was primarily driven by unfavorable product mix and timing of OPEX. $ in millions 4Q25 4Q24 3Q25 4Q25 over 4Q24 4Q25 over 3Q25 Net Sales $464.5 $491.2 $460.8 (5.4%) 0.8% Segment Profit $104.2 $134.9 $118.2 (22.8%) (11.8%) Segment Profit Margin 22.4% 27.5% 25.7% Adj. Segment Profit2 $115.0 $137.1 $119.2 (16.1%) (3.5%) Adj. Segment Profit Margin2 24.8% 27.9% 25.9% Advanced Purity Solutions (APS)1 ENTEGRIS FOURTH QUARTER 2025 EARNINGS SUMMARY 4Q25 Highlights 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 Solutions (APS). 2.See GAAP to non-GAAP reconciliation tables in the appendix of this presentation.
7 Summary – Balance Sheet Items ENTEGRIS FOURTH QUARTER 2025 EARNINGS SUMMARY $ in millions 4Q25 4Q24 3Q25 $ Amount % Total $ Amount % Total $ Amount % Total Cash and Cash Equivalents $360.4 4.3% $329.2 3.9% $399.8 4.8% Accounts Receivable, Net $458.7 5.5% $495.3 5.9% $493.2 5.9% Inventories, Net $643.2 7.7% $638.1 7.6% $646.8 7.7% Net PP&E $1,636.1 19.6% $1,622.9 19.3% $1,654.5 19.7% Total Assets $8,350.5 $8,394.6 $8,401.8 Accounts Payable $171.5 2.1% $193.3 2.3% $146.5 1.7% Other Current Liabilities $317.1 3.8% $331.9 4.0% $346.2 4.1% Long-Term Debt $3,697.6 44.3% $3,981.1 47.4% $3,842.8 45.7% Total Liabilities $4,397.1 52.7% $4,703.1 56.0% $4,511.0 53.7% Total Shareholders’ Equity $3,953.4 47.3% $3,691.5 44.0% $3,890.8 46.3%
8 Summary – Cash Flows ENTEGRIS FOURTH QUARTER 2025 EARNINGS SUMMARY $ in millions 4Q25 4Q24 3Q25 Beginning Cash Balance $399.8 $432.1 $376.8 Cash provided by operating activities 192.0 176.1 249.5 Capital expenditures (58.0) (107.5) (66.7) Proceeds from government incentives — — 8.2 Other investing activities (8.3) (0.4) (1.2) Net payments on debt (150.0) (150.0) (150.0) Payments for dividends (15.1) (15.1) (15.1) Other financing activities 2.3 (0.2) 1.2 Effect of exchange rates (2.3) (5.8) (2.9) Ending Cash Balance $360.4 $329.2 $399.8 Free Cash Flow1 134.0 68.6 191.0 1. Equals cash provided by operating activities less capital expenditures, net of proceeds from government incentives.
9 ENTEGRIS FOURTH QUARTER 2025 EARNINGS SUMMARY 1.See GAAP to non-GAAP reconciliation tables in the appendix of this presentation. GAAP $ in millions, except share data 1Q26 Guidance 1Q25 Actual 4Q25 Actual Net Sales $785 - $825 $773.2 $823.9 Non-GAAP Operating Expenses1 $177 - $184 $185.9 $187.9 Non-GAAP Net Income1 $106 - $118 $101.5 $106.5 Diluted non-GAAP Earnings per Common Share1 $0.70 - $0.78 $0.67 $0.70 Adjusted EBITDA Margin1 26.5% - 27.5% 28.5% 27.7% Non-GAAP $ in millions, except share data 1Q26 Guidance 1Q25 Actual 4Q25 Actual Net Sales $785 - $825 $773.2 $823.9 Operating Expenses $226 - $233 $234.2 $255.7 Net Income $65 - $77 $62.9 $49.4 Diluted Earnings per Common Share $0.43 - $0.51 $0.41 $0.32 Operating Margin 15.7% - 17.3% 15.8% 12.7% Outlook
10 Appendix
11 Consolidated (as reported) Summary Financials Non-GAAP1 ENTEGRIS FOURTH QUARTER 2025 EARNINGS SUMMARY $ in millions 1Q24 2Q24 3Q24 4Q24 FY2024 1Q25 2Q25 3Q25 4Q25 FY2025 Net Sales $771.0 $812.7 $807.7 $849.8 $3,241.2 $773.2 $792.4 $807.1 $823.9 $3,196.6 Adjusted Gross Margin % 45.6% 46.2% 46.0% 45.6% 45.9% 46.1% 44.6% 43.6% 44.0% 44.6% Non-GAAP Operating Expenses $173.7 $196.9 $185.9 $187.6 $744.1 $185.9 $188.2 $181.3 $187.9 $743.3 Adjusted Operating Income $178.1 $178.9 $185.9 $200.1 $743.0 $170.8 $165.4 $170.3 $174.4 $680.9 Adjusted Operating Margin 23.1% 22.0% 23.0% 23.5% 22.9% 22.1% 20.9% 21.1% 21.2% 21.3% Adjusted EBITDA $223.4 $226.3 $233.0 $248.4 $931.1 $220.7 $216.7 $220.7 $228.1 $886.2 Adjusted EBITDA % 29.0% 27.8% 28.8% 29.2% 28.7% 28.5% 27.3% 27.3% 27.7% 27.7% 1.See GAAP to non-GAAP reconciliation tables in the appendix of this presentation.
12 Consolidated (excluding divestiture)1 Summary Financials Non-GAAP ENTEGRIS FOURTH QUARTER 2025 EARNINGS SUMMARY $ in millions 1Q24 2Q24 3Q24 4Q24 FY2024 1Q25 2Q25 3Q25 4Q25 FY2025 Net Sales $737.1 $812.7 $807.7 $849.8 $3,207.3 $773.2 $792.4 $807.1 $823.9 $3,196.6 Adjusted Gross Margin % 46.1% 46.2% 46.0% 45.6% 46.0% 46.1% 44.6% 43.6% 44.0% 44.6% Non-GAAP Operating Expenses $171.8 $196.9 $185.9 $187.6 $742.2 $185.9 $188.2 $181.3 $187.9 $743.3 Adjusted Operating Income $167.7 $178.9 $185.9 $200.1 $732.6 $170.8 $165.4 $170.3 $174.4 $680.9 Adjusted Operating Margin 22.8% 22.0% 23.0% 23.5% 22.8% 22.1% 20.9% 21.1% 21.2% 21.3% Adjusted EBITDA $213.0 $226.3 $233.0 $248.4 $920.7 $220.7 $216.7 $220.7 $228.1 $886.2 Adjusted EBITDA % 28.9% 27.8% 28.8% 29.2% 28.7% 28.5% 27.3% 27.3% 27.7% 27.7% 1.Q1 2024 and FY 2024 results exclude the impact of the PIM business, which was divested in Q1 2024.
13 ENTEGRIS FOURTH QUARTER 2025 EARNINGS SUMMARY 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 Solutions (APS). Segment (as reported) Financials Non-GAAP1 Adjusted Segment Profit: MS $75.3 $70.8 $71.7 $78.2 $296.0 $75.1 $75.5 $65.9 $75.7 $292.2 APS 111.2 122.6 127.4 137.1 498.3 110.4 105.8 119.2 115.0 450.4 Adjusted Segment Profit Margin: MS 21.5% 20.7% 20.7% 21.7% 21.1% 22.0% 21.3% 18.9% 20.9% 20.8% APS 26.3% 25.9% 27.5% 27.9% 26.9% 25.4% 24.1% 25.9% 24.8% 25.0% $ in millions 1Q24 2Q24 3Q24 4Q24 FY2024 1Q25 2Q25 3Q25 4Q25 FY2025 Net Sales: MS $350.0 $342.3 $346.7 $361.1 $1,400.1 $341.4 $354.9 $348.6 $361.8 $1,406.7 APS 423.3 472.6 463.1 491.2 1,850.2 433.9 439.9 460.8 464.5 1,799.1 Inter-segment elimination (2.3) (2.2) (2.1) (2.5) (9.1) (2.1) (2.4) (2.3) (2.4) (9.2) Total Sales $771.0 $812.7 $807.7 $849.8 $3,241.2 $773.2 $792.4 $807.1 $823.9 $3,196.6
14 ENTEGRIS FOURTH QUARTER 2025 EARNINGS SUMMARY 1.Q1 2024 and FY 2024 results exclude the impact of the PIM business, which was divested in Q1 2024. 2.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 Solutions (APS). Segment (excluding divestiture)1,2 Financials Non-GAAP Adjusted Segment Profit: MS $64.9 $70.8 $71.7 $78.2 $285.6 $75.1 $75.5 $65.9 $75.7 $292.2 APS 111.2 122.6 127.4 137.1 498.3 110.4 105.8 119.2 115.0 450.4 Adjusted Segment Profit Margin: MS 20.5% 20.7% 20.7% 21.7% 20.9% 22.0% 21.3% 18.9% 20.9% 20.8% APS 26.3% 25.9% 27.5% 27.9% 26.9% 25.4% 24.1% 25.9% 24.8% 25.0% $ in millions 1Q24 2Q24 3Q24 4Q24 FY2024 1Q25 2Q25 3Q25 4Q25 FY2025 Net Sales: MS $316.1 $342.3 $346.7 $361.1 $1,366.2 $341.4 $354.9 $348.6 $361.8 $1,406.7 APS 423.3 472.6 463.1 491.2 1,850.2 433.9 439.9 460.8 464.5 1,799.1 Inter-segment elimination (2.3) (2.2) (2.1) (2.5) (9.1) (2.1) (2.4) (2.3) (2.4) (9.2) Total Sales $737.1 $812.7 $807.7 $849.8 $3,207.3 $773.2 $792.4 $807.1 $823.9 $3,196.6
15 ENTEGRIS FOURTH QUARTER 2025 EARNINGS SUMMARY 1.Q1 2024 and FY 2024 results exclude the impact of the PIM business, which was divested in Q1 2024. 2. Excludes net sales of the PIM business, which was divested in Q1 2024. 3. See Reconciliation of Net Sales to Adjusted Net Sales Comparable Non-GAAP within. 4. Restructuring charges resulting from discrete cost saving initiatives inclusive of employee termination benefit and asset impairment charges, primarily related to (i) an internal reorganization, combining two complementary divisions into one and realigning our customer facing organization and (ii) workforce reductions, contract termination costs and the abandonment of certain capital equipment no longer necessary for the Company’s long-term objectives. 5. Excludes gross profit of the PIM business, which was divested in Q1 2024. $ in millions 1Q24 2Q24 3Q24 4Q24 FY2024 1Q25 2Q25 3Q25 4Q25 FY2025 Net Sales $771.0 $812.7 $807.7 $849.8 $3,241.2 $773.2 $792.4 $807.1 $823.9 $3,196.6 Adjusted net sales Non-GAAP3 $737.1 $812.7 $807.7 $849.8 $3,207.3 $773.2 $792.4 $807.1 $823.9 $3,196.6 Gross profit - GAAP $351.8 $375.8 $371.8 $387.3 $1,486.7 $356.5 $351.5 $351.3 $360.6 $1,419.9 Adjustments to gross profit: Restructuring costs4 — — — 0.4 0.4 0.2 2.1 0.3 1.7 4.3 Adjusted Gross Profit $351.8 $375.8 $371.8 $387.7 $1,487.1 $356.7 $353.6 $351.6 $362.3 $1,424.2 Divestiture5 (12.3) — — — (12.3) — — — — 0.0 Adjusted (excluding divestiture)1 gross profit $339.5 $375.8 $371.8 $387.7 $1,474.8 $356.7 $353.6 $351.6 $362.3 $1,424.2 Gross margin - as a % of net sales 45.6% 46.2% 46.0% 45.6% 45.9% 46.1% 44.4% 43.5% 43.8% 44.4% Adjusted gross margin - as a % of net sales 45.6% 46.2% 46.0% 45.6% 45.9% 46.1% 44.6% 43.6% 44.0% 44.6% Adjusted (excluding divestiture)1 gross margin - as a % of adjusted net sales 46.1% 46.2% 46.0% 45.6% 46.0% 46.1% 44.6% 43.6% 44.0% 44.6% Reconciliation of Adjusted Gross Profit (as reported) to Adjusted (excluding divestiture)1 Gross Profit Non-GAAP $ in millions 1Q24 2Q24 3Q24 4Q24 FY2024 1Q25 2Q25 3Q25 4Q25 FY2025 Net Sales $771.0 $812.7 $807.7 $849.8 $3,241.2 $773.2 $792.4 $807.1 $823.9 $3,196.6 Divestiture2 (33.9) — — — (33.9) — — — — — Adjusted net sales Non-GAAP $737.1 $812.7 $807.7 $849.8 $3,207.3 $773.2 $792.4 $807.1 $823.9 $3,196.6 Reconciliation of Net Sales (as reported) to Adjusted Net Sales Non-GAAP (excluding divestiture)1
16 ENTEGRIS FOURTH QUARTER 2025 EARNINGS SUMMARY 1.Represents professional and vendor fees recorded in connection with services provided by consultants, accountants, lawyers and other third-party service providers to assist us in integrating CMC Materials into our operations. 2. Represents severance charges related to the integration of CMC Materials. 3. Restructuring charges resulting from discrete cost saving initiatives inclusive of employee termination benefit, contract termination costs and asset impairment charges, primarily related to (i) an internal reorganization, combining two complementary divisions into one and realigning our customer facing organization and (ii) workforce reductions and the abandonment of certain capital equipment no longer necessary for the Company’s long-term objectives. 4. Represents an asset reduction of an acquired tax equalization asset from the CMC Materials acquisition. 5.Non-recurring net (gain) loss from the sale of PIM and small, industrial specialty chemicals businesses. 6. Impairment of long-lived assets related to a small, industrial specialty chemicals business. 7. Non- cash amortization expense associated with intangibles acquired in acquisitions. 8. Excludes operating expenses of the PIM business, which was divested in Q1 2024. 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 4Q25 FY2025 GAAP Operating Expenses $234.2 $245.7 $235.6 $237.3 $952.8 $234.2 $245.4 $228.7 $255.7 $964.0 Adjustments to operating expenses: Integration costs: Professional fees1 2.0 0.3 0.3 — 2.6 — — — — — Integration costs: Severance costs2 0.1 0.5 0.2 — 0.8 — — — — — Restructuring costs3 — — — 3.5 3.5 2.2 11.2 1.4 10.6 25.4 Acquired tax equalization asset reduction4 — — 3.0 — 3.0 — — — — — (Gain) loss from sale of businesses5 (4.8) 0.5 — — (4.3) — — — 10.9 10.9 Impairment of long-lived assets6 13.0 — — — 13.0 — — — — — Amortization of intangible assets7 50.2 47.5 46.2 46.2 190.1 46.1 46.0 46.0 46.3 184.4 Non-GAAP operating expenses $173.7 $196.9 $185.9 $187.6 $744.1 $185.9 $188.2 $181.3 $187.9 $743.3 Divestiture8 1.9 — — — 1.9 — — — — — Operating Expenses (excluding divestiture)1 Non-GAAP $171.8 $196.9 $185.9 $187.6 $742.2 $185.9 $188.2 $181.3 $187.9 $743.3
17 ENTEGRIS FOURTH QUARTER 2025 EARNINGS SUMMARY 1.Represents professional and vendor fees recorded in connection with services provided by consultants, accountants, lawyers and other third-party service providers to assist us in integrating CMC Materials into our operations. 2. Represents severance charges related to the integration of CMC Materials. 3. Restructuring charges resulting from discrete cost saving initiatives inclusive of employee termination benefit and asset impairment charges, primarily related to (i) an internal reorganization, combining two complementary divisions into one and realigning our customer facing organization and (ii) workforce reductions, contract termination costs and the abandonment of certain capital equipment no longer necessary for the Company’s long-term objectives. 4. Represents an asset reduction of an acquired tax equalization asset from the CMC Materials acquisition. 5.Non-recurring net (gain) loss from the sale of PIM and small, industrial specialty chemicals businesses. 6. Impairment of long-lived assets. 7.Non-cash amortization expense associated with intangibles acquired in acquisitions. Reconciliation of GAAP Net Income to Adjusted Operating Income and Adjusted EBITDA $ in millions 1Q24 2Q24 3Q24 4Q24 FY2024 1Q25 2Q25 3Q25 4Q25 FY2025 Net Sales $771.0 $812.7 $807.7 $849.8 $3,241.2 $773.2 $792.4 $807.1 $823.9 $3,196.6 Net income $45.3 67.7 77.5 102.3 292.8 62.9 52.8 70.5 49.4 235.6 Net income - as a % of net sales 5.9% 8.3% 9.6% 12.0% 9.0% 8.1% 6.7% 8.7% 6.0% 7.4% Adjustments to net income: Income tax expense 3.4 6.7 8.2 10.0 28.3 8.2 2.8 1.5 5.5 18.0 Interest expense, net 54.4 52.5 50.4 50.6 207.9 49.6 50.5 46.1 45.7 191.9 Other expense (income), net 14.3 3.0 (0.2) (13.1) 4.0 1.3 (0.2) 4.2 4.1 9.4 Equity in net loss of affiliates 0.2 0.2 0.3 0.2 0.9 0.3 0.2 0.3 0.2 1.0 GAAP - Operating income $117.6 $130.1 $136.2 $150.0 $533.9 $122.3 $106.1 $122.6 $104.9 $455.9 Operating margin - as a % of net sales 15.3% 16.0% 16.9% 17.7% 16.5% 15.8% 13.4% 15.2% 12.7% 14.3% Integration costs: Professional fees1 2.0 0.3 0.3 — 2.6 — — — — — Integration costs: Severance costs2 0.1 0.5 0.2 — 0.8 — — — — — Restructuring costs3 — — — 3.9 3.9 2.4 13.3 1.7 12.3 29.7 Acquired tax equalization asset reduction4 — — 3.0 — 3.0 — — — — — (Gain) loss from sale of businesses5 (4.8) 0.5 — — (4.3) — — — 10.9 10.9 Impairment of long-lived assets6 13.0 — — — 13.0 — — — — — Amortization of intangible assets7 50.2 47.5 46.2 46.2 190.1 46.1 46.0 46.0 46.3 184.4 Adjusted operating income $178.1 $178.9 $185.9 $200.1 $743.0 $170.8 $165.4 $170.3 $174.4 $680.9 Adjusted operating margin - as a % of net sales 23.1% 22.0% 23.0% 23.5% 22.9% 22.1% 20.9% 21.1% 21.2% 21.3% Depreciation 45.3 47.4 47.1 48.3 188.1 49.9 51.3 50.4 53.7 205.3 Adjusted EBITDA $223.4 $226.3 $233.0 $248.4 $931.1 $220.7 $216.7 $220.7 $228.1 $886.2 Adjusted EBITDA - as a % of net sales 29.0% 27.8% 28.8% 29.2% 28.7% 28.5% 27.3% 27.3% 27.7% 27.7%
18 ENTEGRIS FOURTH QUARTER 2025 EARNINGS SUMMARY 1.Q1 2024 and FY 2024 results exclude the impact of the PIM business, which was divested in Q1 2024. 2. See Reconciliation of Net Sales to Adjusted Net Sales Comparable Non-GAAP within the Appendix of this presentation. 3. See Reconciliation of GAAP Net Income to Adjusted Operating Income within the Appendix of this presentation. 4. Excludes operating income of the PIM business, which was divested in Q1 2024. 5. Excludes EBITDA of the PIM business, which was divested in Q1 2024. 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 4Q25 FY2025 Adjusted (excluding divestiture)1 Net Sales2 $737.1 $812.7 $807.7 $849.8 $3,207.3 $773.2 $792.4 $807.1 $823.9 $3,196.6 Adjusted EBITDA 223.4 226.3 233.0 248.4 931.1 220.7 216.7 220.7 228.1 886.2 Divestiture5 (10.4) — — — (10.4) — — — — — Adjusted (excluding divestiture)1 EBITDA $213.0 $226.3 $233.0 $248.4 $920.7 220.7 216.7 220.7 228.1 886.2 Adjusted (excluding divestiture)1 EBITDA - as a % of net sales 28.9% 27.8% 28.8% 29.2% 28.7% 28.5% 27.3% 27.3% 27.7% 27.7% Reconciliation of Adjusted EBITDA (as reported) to Adjusted EBITDA (excluding divestiture)1 Non-GAAP $ in millions 1Q24 2Q24 3Q24 4Q24 FY2024 1Q25 2Q25 3Q25 4Q25 FY2025 Adjusted (excluding divestiture)1 Net Sales2 $737.1 $812.7 $807.7 $849.8 $3,207.3 $773.2 $792.4 $807.1 $823.9 $3,196.6 Adjusted Operating Income3 178.1 178.9 185.9 200.1 743.0 170.8 165.4 170.3 174.4 680.9 Divestiture4 (10.4) — — — (10.4) — — — — — Adjusted (excluding divestiture)1 Operating Income $167.7 $178.9 $185.9 $200.1 $732.6 $170.8 $165.4 $170.3 $174.4 $680.9 Adjusted (excluding divestiture)1 Operating Income - as a % of net sales 22.8% 22.0% 23.0% 23.5% 22.8% 22.1% 20.9% 21.1% 21.2% 21.3%
19 ENTEGRIS FOURTH QUARTER 2025 EARNINGS SUMMARY 1.Q1 2024 and FY 2024 results exclude the impact of the PIM business, which was divested in Q1 2024. 2. Restructuring charges resulting from discrete cost saving initiatives inclusive of employee termination benefit and asset impairment charges, primarily related to (i) an internal reorganization, combining two complementary divisions into one and realigning our customer facing organization and (ii) workforce reductions. 3.Non- recurring net (gain) loss from the sale of PIM and small, industrial specialty chemicals businesses. 4.Impairment of long-lived assets related to a small, industrial specialty chemicals business. 5. Excludes segment profit of the PIM business, which was divested in Q1 2024. 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 4Q25 FY2025 MS segment profit $67.1 $70.3 $71.7 $77.1 $286.2 $75.0 $72.5 $65.2 $63.9 $276.6 Restructuring costs2 — — — 1.1 1.1 0.1 3.0 0.7 0.9 4.7 (Gain) loss from the sale of business3 (4.8) 0.5 — — (4.3) — — — — 10.9 Impairment of long-lived assets4 13.0 — — — 13.0 — — — — — MS adjusted segment profit $75.3 $70.8 $71.7 $78.2 $296.0 $75.1 $75.5 $65.9 $75.7 $292.2 Divestiture5 (10.4) — — — (10.4) — — — — — Adjusted MS Segment Profit (excluding divestiture)1 $64.9 $70.8 $71.7 $78.2 $285.6 $75.1 $75.5 $65.9 $75.7 $292.2 Reconciliation of MS Segment Profit (as reported) to Adjusted MS Segment Profit (excluding divestiture)1 Non-GAAP $ in millions 1Q24 2Q24 3Q24 4Q24 FY2024 1Q25 2Q25 3Q25 4Q25 FY2025 Net Sales: MS Segment Net Sales $350.0 $342.3 $346.7 $361.1 $1,400.1 $341.4 $354.9 $348.6 $361.8 $1,406.7 Adjusted (excluding divestiture)1 Net Sales (33.9) — — — (33.9) — — — — — MS Segment (excluding divestiture)1 Adjusted Net Sales $316.1 $342.3 $346.7 $361.1 $1,366.2 $341.4 $354.9 $348.6 $361.8 $1,406.7
20 ENTEGRIS FOURTH QUARTER 2025 EARNINGS SUMMARY 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 Solutions (APS). 2. Restructuring charges resulting from discrete cost saving initiatives inclusive of employee termination benefit and asset impairment charges, primarily related to (i) an internal reorganization, combining two complementary divisions into one and realigning our customer facing organization and (ii) workforce reductions, contract termination costs and the abandonment of certain capital equipment no longer necessary for the Company’s long- term objectives. Reconciliation of APS Segment Profit to Adjusted APS Segment Profit Non-GAAP1 $ in millions 1Q24 2Q24 3Q24 4Q24 FY2024 1Q25 2Q25 3Q25 4Q25 FY2025 APS segment profit $111.2 $122.6 $127.4 $134.9 $496.1 $108.1 $95.9 $118.2 $104.2 $426.4 Restructuring costs2 — — — 2.2 2.2 2.3 9.9 1.0 10.8 24.0 APS adjusted segment profit $111.2 $122.6 $127.4 $137.1 $498.3 $110.4 $105.8 $119.2 $115.0 $450.4
21 ENTEGRIS FOURTH QUARTER 2025 EARNINGS SUMMARY 1.Represents professional and vendor fees recorded in connection with services provided by consultants, accountants, lawyers and other third-party service providers to assist us in integrating CMC Materials into our operations. 2. Represents severance charges related to the integration of CMC Materials. 3. Restructuring charges resulting from discrete cost saving initiatives inclusive of employee termination benefit and asset impairment charges, primarily related to (i) an internal reorganization, combining two complementary divisions into one and realigning our customer facing organization and (ii) workforce reductions, contract termination costs and the abandonment of certain capital equipment no longer necessary for the Company’s long-term objectives. 4.During the fourth quarter of 2024, the Company settled a patent infringement litigation and received net proceeds of $20.0 million. 5.Represents an asset reduction of an acquired tax equalization asset from the CMC Materials acquisition. 6.Non-recurring net (gain) loss from the sale of PIM and small, industrial specialty chemicals businesses. 7. Impairment of long-lived assets related to a small, industrial specialty chemicals business. 8.Non-cash amortization expense associated with intangibles acquired in acquisitions. 9. Loss on extinguishment of debt in 2024 and 2025 and modification of our Existing Credit Agreement in 2024. 10. The tax effect of pre-tax adjustments to net income was calculated using the applicable marginal tax rate for each respective year. 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 4Q25 FY2025 GAAP net income $45.3 $67.7 $77.5 $102.3 $292.8 $62.9 $52.8 $70.5 $49.4 $235.6 Adjustments to net income: Integration costs: Professional fees1 2.0 0.3 0.3 — 2.6 — — — — — Integration costs: Severance costs2 0.1 0.5 0.2 — 0.8 — — — — — Restructuring costs3 — — — 3.9 3.9 2.4 13.3 1.7 12.3 29.7 Patent infringement settlement gain, net4 — — — (20.0) (20.0) — — — — — Acquired tax equalization asset reduction5 — — 3.0 — 3.0 — — — — — (Gain) loss from the sale of businesses6 (4.8) 0.5 — — (4.3) — — — 10.9 10.9 Impairment of long-lived assets7 13.0 — — — 13.0 — — — — — Amortization of intangible assets8 50.2 47.5 46.2 46.2 190.1 46.1 46.0 46.0 46.3 184.4 Loss on extinguishment of debt and modification9 11.6 0.7 — 2.0 14.3 — — 1.7 1.5 3.2 Tax effect of adjustments to net income and discrete items10 (13.6) (10.1) (9.6) (6.9) (40.2) (9.9) (11.5) (10.0) (13.9) (45.3) Non-GAAP net income 103.8 107.1 117.6 127.5 456.0 101.5 100.6 109.9 106.5 418.5 Diluted earnings per common share $0.30 $0.45 $0.51 $0.67 $1.93 $0.41 $0.35 $0.46 $0.32 $1.55 Effect of adjustments to net income $0.39 $0.26 $0.26 $0.17 $1.08 $0.25 $0.31 $0.26 $0.37 $1.20 Diluted non-GAAP earnings per common share $0.68 $0.71 $0.77 $0.84 $3.00 $0.67 $0.66 $0.72 $0.70 $2.75 Diluted weighted average shares outstanding 151.7 151.8 151.9 151.9 151.8 152.0 151.9 152.3 152.5 152.2
22 ENTEGRIS FOURTH QUARTER 2025 EARNINGS SUMMARY *As a result of displaying amounts in millions, rounding differences may exist in the tables. Reconciliation of GAAP Outlook to Non-GAAP Outlook* $ in millions First Quarter Outlook Reconciliation GAAP operating expenses to non-GAAP operating expenses: March 28, 2026 GAAP operating expenses $226 - $233 Adjustments to net income: Restructuring costs 3 Amortization of intangible assets 46 Non-GAAP operating expenses $177 - $184 $ in millions First Quarter Outlook Reconciliation GAAP net income to non-GAAP net income: March 28, 2026 GAAP net income $65 - $77 Adjustments to net income: Restructuring costs 3 Amortization of intangible assets 46 Income tax effect (8) Non-GAAP net income $106 - $118 $ in millions, except per share data First Quarter Outlook Reconciliation GAAP diluted earnings per share to non-GAAP diluted earnings per share: March 28, 2026 Diluted earnings per common share $0.43 - $0.51 Adjustments to diluted earnings per common share: Restructuring costs 0.02 Amortization of intangible assets 0.30 Income tax effect (0.05) Diluted non-GAAP earnings per common share $0.70 - $0.78
23 ENTEGRIS FOURTH QUARTER 2025 EARNINGS SUMMARY *As a result of displaying amounts in millions, rounding differences may exist in the tables. Reconciliation of GAAP Outlook to Non-GAAP Outlook* (continued) $ in millions First Quarter Outlook Reconciliation GAAP operating income to non-GAAP operating income and adjusted EBITDA: March 28, 2026 Net sales $785 - $825 GAAP - Operating income $124 - $143 Operating margin - as a % of net sales 15.7% - 17.3% Restructuring costs 3 Amortization of intangible assets 46 Adjusted operating income $172 - $191 Adjusted operating margin - as a % of net sales 22.0% - 23.2% Depreciation 36 Adjusted EBITDA $208 - $227 Adjusted EBITDA - as a % of net sales 26.5% - 27.5%
FAQ
How did Entegris (ENTG) perform in the fourth quarter of 2025?
Entegris reported fourth-quarter 2025 net sales of $823.9 million, down from $849.8 million a year earlier. GAAP diluted EPS was $0.32 versus $0.67, and diluted non-GAAP EPS was $0.70 compared with $0.84, indicating lower profitability.
What were Entegris’ full-year 2025 financial results?
For 2025, Entegris generated net sales of $3.1966 billion compared with $3.2412 billion in 2024. Net income was $235.6 million versus $292.8 million, and diluted EPS was $1.55 versus $1.93, showing slightly lower revenue and reduced earnings year over year.
What guidance did Entegris (ENTG) give for the first quarter of 2026?
For the quarter ending March 28, 2026, Entegris expects net sales of $785–$825 million. GAAP diluted EPS is guided to $0.43–$0.51, while diluted non-GAAP EPS is expected at $0.70–$0.78, with adjusted EBITDA margin of 26.5%–27.5% of sales.
How did Entegris’ margins trend in Q4 2025 versus the prior year?
In Q4 2025, Entegris reported a GAAP gross margin of 43.8% versus 45.6% a year earlier. GAAP operating margin was 12.7% versus 17.7%, while adjusted EBITDA margin was 27.7% compared with 29.2%, reflecting moderate margin compression year over year.
What were Entegris’ non-GAAP results for Q4 2025?
Entegris’ Q4 2025 diluted non-GAAP EPS was $0.70, down from $0.84 in Q4 2024. Adjusted operating margin was 21.2% versus 23.5%, and adjusted EBITDA was $228.1 million, compared with $248.4 million a year earlier, indicating lower adjusted profitability.
How are Entegris’ segments Materials Solutions and Advanced Purity Solutions performing?
In Q4 2025, Materials Solutions posted net sales of $361.8 million with adjusted segment profit margin of 20.9%. Advanced Purity Solutions reported net sales of $464.5 million and adjusted segment profit margin of 24.8%, both slightly below year-ago margin levels.