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Entegris Entegris Earnings Summary Second Quarter 2026 August 4 , 2026
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2 Safe Harbor ENTEGRIS SECOND QUARTER 2026 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 Quarterly Report. 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 and the overall volume of semiconductor manufacturing; the impact of global economic uncertainty, including financial market volatility, which may result in lower consumer spending, inflationary pressures, a higher interest rate environment, an economic recession, and bank instability; supply chain interruptions and the Company’s dependence on sole, single, and limited source suppliers and related raw material shortages and cost increases; operational, political, legal and other risks associated with the Company’s international operations, including challenges in hiring and integrating workers in different countries, maintaining appropriate business practices across the varied jurisdictions in which we operate, and engaging and managing global, regional and local third-party service providers; risks related to geopolitical uncertainty and regional and global instabilities and hostilities, including, but not limited to, the ongoing conflicts between Ukraine and Russia, and conflicts in the Middle East, 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 ability to obtain government incentives and the possibility that competitors will benefit from government incentives for which the Company does not qualify; the amount and consequences of the Company’s indebtedness, the Company’s 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; the Company’s ability to effectively implement any organizational changes; 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, 2025, filed with the Securities and Exchange Commission (the “SEC”) on February 11, 2026, including under the heading “Risk Factors” in Item 1A, and in the C ompany’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 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 with 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.
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3 Summary – Consolidated Statement of Operations GAAP ENTEGRIS SECOND QUARTER 2026 EARNINGS SUMMARY 2Q26 over 1Q262Q26 over 2Q251Q262Q252Q26$ in millions, except per share data 8.8%11.5%$811.9$792.4$883.2Net Sales 46.9%44.4%47.6%Gross Margin 6.8%4.1%$239.2$245.4$255.4Operating Expenses 16.2%55.1%$141.6$106.1$164.6Operating Income 17.4%13.4%18.6%Operating Margin 1.1%5.0%15.0%Tax Rate 1.7%77.3%$92.0$52.8$93.6Net Income 1.7%74.3%$0.60$0.35$0.61Diluted Earnings Per Common Share
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4 Summary – Consolidated Statement of Operations Non-GAAP1 ENTEGRIS SECOND QUARTER 2026 EARNINGS SUMMARY 2Q26 over 1Q262Q26 over 2Q251Q262Q252Q26$ in millions, except per share data 8.8%11.5%$811.9$792.4$883.2Net Sales 46.9%44.6%47.6%Adjusted Gross Margin – as a % of Net Sales2 7.8%8.3%$189.1$188.2$203.9Non-GAAP Operating Expenses3 12.7%30.8%$192.0$165.4$216.3Adjusted Operating Income 23.6%20.9%24.5%Adjusted Operating Margin 7.9%12.5%16.2%Non-GAAP Tax Rate4 7.7%41.8%$132.5$100.6$142.7Non-GAAP Net Income5 8.1%40.9%$0.86$0.66$0.93Diluted Non-GAAP Earnings Per Common Share 10.9%15.7%$226.1$216.7$250.7Adjusted EBITDA 27.8%27.3%28.4%Adjusted EBITDA – as a % of Net Sales 1.See GAAP to non-GAAP reconciliation tables in the appendix of this presentation. 2. Excludes restructuring costs. 3.Excludes amortization expense and restructuring costs. 4.Reflects the tax effect of non-GAAP adjustments and discrete tax items to GAAP taxes. 5.Excludes the items noted in footnotes 2 and 3, equity investment impairment and loss on extinguishment of debt in 2026.
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5 2Q26 over 1Q262Q26 over 2Q251Q262Q252Q26$ in millions 5.8%4.6%$351.1$354.9$371.3Net Sales 2.4%7.2%$75.9$72.5$77.7Segment Profit 21.6%20.4%20.9%Segment Profit Margin 0.8%2.9%$77.1$75.5$77.7Adj. Segment Profit1 22.0%21.3%20.9%Adj. Segment Profit Margin1 Materials Solutions (MS) ENTEGRIS SECOND QUARTER 2026 EARNINGS SUMMARY 1.See GAAP to non-GAAP reconciliation tables in the appendix of this presentation. Advanced Purity Solutions (APS) 2Q26 over 1Q262Q26 over 2Q251Q262Q252Q26$ in millions 11.0%17.0%$463.6$439.9$514.6Net Sales 12.9%57.4%$133.6$95.9$150.9Segment Profit 28.8%21.8%29.3%Segment Profit Margin 15.3%47.3%$135.1$105.8$155.8Adj. Segment Profit1 29.1%24.1%30.3%Adj. Segment Profit Margin1 2Q26 Segment Highlights
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6 Summary – Balance Sheet Items ENTEGRIS SECOND QUARTER 2026 EARNINGS SUMMARY 1Q262Q252Q26$ in millions % Total$ Amount% Total$ Amount% Total$ Amount 5.2%$442.74.5%$376.84.2%$353.6Cash and Cash Equivalents 6.2%$529.55.8%$494.16.6%$559.1Accounts Receivable, Net 7.6%$644.48.2%$694.68.4%$703.9Inventories, Net 19.3%$1,636.619.7%$1,662.319.3%$1,624.5Net PP&E $8,475.1$8,449.5$8,418.5Total Assets 2.5%$209.01.9%$156.82.9%$242.8Accounts Payable 4.1%$346.63.7%$310.44.1%$342.6Other Current Liabilities 43.1%$3,651.247.2%$3,987.841.1%$3,456.0Long-Term Debt 52.2%$4,425.954.9%$4,640.450.6%$4,262.3Total Liabilities 47.8%$4,049.245.1%$3,809.149.4%$4,156.2Total Shareholders’ Equity
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7 Summary – Cash Flows ENTEGRIS SECOND QUARTER 2026 EARNINGS SUMMARY 1Q262Q252Q26$ in millions $360.4$340.9$442.7Beginning Cash Balance 183.0113.5156.2Cash provided by operating activities (41.5)(66.5)(39.3)Capital expenditures 2.0—3.4Proceeds from government incentives 1.1(0.1)(0.3)Other investing activities (50.0)—(200.0)Net payments on debt (15.4)(15.2)(15.4)Payments for dividends 3.8(2.6)6.9Other financing activities (0.7)6.8(0.6)Effect of exchange rates $442.7$376.8$353.6Ending Cash Balance 143.547.0120.3Free Cash Flow1 1. Equals cash provided by operating activities less capital expenditures, net of proceeds from government incentives.
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8 ENTEGRIS SECOND QUARTER 2026 EARNINGS SUMMARY 1.See GAAP to non-GAAP reconciliation tables in the appendix of this presentation. GAAP 1Q26 Actual2Q26 Actual3Q26 Guidance$ in millions, except share data $811.9$883.2$905 - $935Net Sales $189.1$203.9$211 - $219Non-GAAP Operating Expenses1 $132.5$142.7$148 - $160Non-GAAP Net Income1 $0.86$0.93$0.96 - $1.04Diluted non-GAAP Earnings per Common Share1 27.8%28.4%28.0% - 29.0%Adjusted EBITDA Margin1 Non-GAAP 1Q26 Actual2Q26 Actual3Q26 Guidance$ in millions, except share data $811.9$883.2$905 - $935Net Sales $239.2$255.4$256 - $264Operating Expenses $92.0$93.6$116 - $128Net Income $0.60$0.61$0.75 - $0.83Diluted Earnings per Common Share 17.4%18.6%19.2% - 20.2%Operating Margin Outlook
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9 Appendix
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10 Consolidated (as reported) Summary Financials Non-GAAP1 ENTEGRIS SECOND QUARTER 2026 EARNINGS SUMMARY 2Q261Q26FY20254Q253Q252Q251Q25$ in millions $883.2$811.9$3,196.6$823.9$807.1$792.4$773.2Net Sales 47.6%46.9%44.6%44.0%43.6%44.6%46.1%Adjusted Gross Margin % $203.9$189.1$743.3$187.9$181.3$188.2$185.9Non-GAAP Operating Expenses $216.3$192.0$680.9$174.4$170.3$165.4$170.8Adjusted Operating Income 24.5%23.6%21.3%21.2%21.1%20.9%22.1%Adjusted Operating Margin $250.7$226.1$886.2$228.1$220.7$216.7$220.7Adjusted EBITDA 28.4%27.8%27.7%27.7%27.3%27.3%28.5%Adjusted EBITDA % 1.See GAAP to non-GAAP reconciliation tables in the appendix of this presentation.
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11 ENTEGRIS SECOND QUARTER 2026 EARNINGS SUMMARY Segment (as reported) Financials Non-GAAP1 Adjusted Segment Profit: $77.7$77.1$292.2$75.7$65.9$75.5$75.1MS 155.8135.1450.4115.0119.2105.8110.4APS Adjusted Segment Profit Margin: 20.9%22.0%20.8%20.9%18.9%21.3%22.0%MS 30.3%29.1%25.0%24.8%25.9%24.1%25.4%APS 2Q261Q26FY20254Q253Q252Q251Q25$ in millions Net Sales: $371.3$351.1$1,406.7$361.8$348.6$354.9$341.4MS 514.6463.61,799.1464.5460.8439.9433.9APS (2.7)(2.8)(9.2)(2.4)(2.3)(2.4)(2.1)Inter-segment elimination $883.2$811.9$3,196.6$823.9$807.1$792.4$773.2Total Sales 1.See GAAP to non-GAAP reconciliation tables in the appendix of this presentation.
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12 ENTEGRIS SECOND QUARTER 2026 EARNINGS SUMMARY 1. Restructuring charges resulting from discrete cost saving initiatives inclusive of employee termination benefit, contract termination costs and asset impairment charges, primarily related to (i) an internal reorganization, combining two complementary divisions into one and realigning our customer facing organization, (ii) workforce reductions, contract termination costs and the abandonment of certain capital equipment no longer necessary for the Company’s long-term objectives and (iii) the wind-down of the Company’s Life Sciences Fluid Management business. 2Q261Q26FY20254Q253Q252Q251Q25$ in millions $883.2$811.9$3,196.6$823.9$807.1$792.4$773.2Net Sales $420.0$380.8$1,419.9$360.6$351.3$351.5$356.5Gross profit - GAAP Adjustments to gross profit: 0.20.34.31.70.32.10.2Restructuring costs1 $420.2$381.1$1,424.2$362.3$351.6$353.6$356.7Adjusted Gross Profit 47.6%46.9%44.4%43.8%43.5%44.4%46.1%Gross margin - as a % of net sales 47.6%46.9%44.6%44.0%43.6%44.6%46.1%Adjusted gross margin - as a % of net sales Reconciliation of Gross Profit (as reported) to Adjusted Gross Profit
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13 ENTEGRIS SECOND QUARTER 2026 EARNINGS SUMMARY 1. Restructuring charges resulting from discrete cost saving initiatives inclusive of employee termination benefit, contract termination costs and asset impairment charges, primarily related to (i) an internal reorganization, combining two complementary divisions into one and realigning our customer facing organization, (ii) workforce reductions and (iii) the wind-down of the Company’s Life Sciences Fluid Management business. 2.Non-recurring net loss from the sale of a small, industrial specialty chemicals business. 3. Non-cash amortization expense associated with intangibles acquired in acquisitions. Reconciliation of GAAP Operating Expenses (as reported) to Non-GAAP 2Q261Q26FY20254Q253Q252Q251Q25$ in millions $255.4$239.2$964.0$255.7$228.7$245.4$234.2GAAP Operating Expenses Adjustments to operating expenses: 5.43.825.410.61.411.22.2Restructuring costs1 ——10.910.9———Loss from sale of business2 46.146.3184.446.346.046.046.1Amortization of intangible assets3 $203.9$189.1$743.3$187.9$181.3$188.2$185.9Non-GAAP operating expenses
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14 ENTEGRIS SECOND QUARTER 2026 EARNINGS SUMMARY 1.Restructuring charges resulting from discrete cost saving initiatives inclusive of employee termination benefit, contract termination costs and asset impairment charges, primarily related to (i) an internal reorganization, combining two complementary divisions into one and realigning our customer facing organization, (ii) workforce reductions and (iii) the wind-down of the Company’s Life Sciences Fluid Management business. 2Q261Q26FY20254Q253Q252Q251Q25$ in millions $77.7$75.9$276.6$63.9$65.2$72.5$75.0MS segment profit —1.24.70.90.73.00.1Restructuring costs1 ——10.910.9———Loss from the sale of business $77.7$77.1$292.2$75.7$65.9$75.5$75.1MS adjusted segment profit Reconciliation of APS Segment Profit to Adjusted APS Segment Profit Non-GAAP 2Q261Q26FY20254Q253Q252Q251Q25$ in millions $150.9$133.6$426.4$104.2$118.2$95.9$108.1APS segment profit 4.91.524.010.81.09.92.3Restructuring costs1 $155.8$135.1$450.4$115.0$119.2$105.8$110.4APS adjusted segment profit Reconciliation of MS Segment Profit to Adjusted MS Segment Profit Non-GAAP
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15 ENTEGRIS SECOND QUARTER 2026 EARNINGS SUMMARY 1. Restructuring charges resulting from discrete cost saving initiatives inclusive of employee termination benefit, contract termination costs and asset impairment charges, primarily related to (i) an internal reorganization, combining two complementary divisions into one and realigning our customer facing organization, (ii) workforce reductions and (iii) the wind-down of the Company’s Life Sciences Fluid Management business. 2.Non-recurring net loss from the sale of a small, industrial specialty chemicals business. 3. Non-cash amortization expense associated with intangibles acquired in acquisitions. Reconciliation of GAAP Net Income to Adjusted Operating Income and Adjusted EBITDA 2Q261Q26FY20254Q253Q252Q251Q25$ in millions $883.2$811.9$3,196.6$823.9$807.1$792.4$773.2Net Sales 93.692.0235.649.470.552.862.9Net income 10.6%11.3%7.4%6.0%8.7%6.7%8.1%Net income - as a % of net sales Adjustments to net income: 16.51.018.05.51.52.88.2Income tax expense 46.747.0191.945.746.150.549.6Interest expense, net 7.81.49.44.14.2(0.2)1.3Other expense (income), net 0.00.21.00.20.30.20.3Equity in net loss of affiliates $164.6$141.6$455.9$104.9$122.6$106.1$122.3GAAP - Operating income 18.6%17.4%14.3%12.7%15.2%13.4%15.8%Operating margin - as a % of net sales 5.64.129.712.31.713.32.4Restructuring costs1 ——10.910.9———Loss from sale of business2 46.146.3184.446.346.046.046.1Amortization of intangible assets3 $216.3$192.0$680.9$174.4$170.3$165.4$170.8Adjusted operating income 24.5%23.6%21.3%21.2%21.1%20.9%22.1%Adjusted operating margin - as a % of net sales 34.434.1205.353.750.451.349.9Depreciation $250.7$226.1$886.2$228.1$220.7$216.7$220.7Adjusted EBITDA 28.4%27.8%27.7%27.7%27.3%27.3%28.5%Adjusted EBITDA - as a % of net sales
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16 ENTEGRIS SECOND QUARTER 2026 EARNINGS SUMMARY 1. Restructuring charges resulting from discrete cost saving initiatives inclusive of employee termination benefit, contract termination costs and asset impairment charges, primarily related to (i) an internal reorganization, combining two complementary divisions into one and realigning our customer facing organization, (ii) workforce reductions and (iii) the wind-down of the Company’s Life Sciences Fluid Management business. 2. Equity investment impairment in 2026. 3.Non-recurring net loss from the sale of a small, industrial specialty chemicals business. 4.Non-cash amortization expense associated with intangibles acquired in acquisitions. 5. Loss on extinguishment of debt of our Term Loan Facility in 2025 and 2026. 6. The tax effect of pre-tax adjustments to net income was calculated using the applicable marginal tax rate for each respective year. Reconciliation of GAAP Net Income and Diluted Earnings per Common Share to Non-GAAP Net Income and Diluted Non-GAAP Earnings per Common Share 2Q261Q26FY20254Q253Q252Q251Q25$ in millions, except per share data $93.6$92.0$235.6$49.4$70.5$52.8$62.9GAAP net income 5.64.129.712.31.713.32.4Restructuring costs1 6.7——————Equity investment impairment2 ——10.910.9———Loss from the sale of business3 46.146.3184.446.346.046.046.1Amortization of intangible assets4 1.70.53.21.51.7——Loss on extinguishment of debt5 (11.0)(10.4)(45.3)(13.9)(10.0)(11.5)(9.9)Tax effect of adjustments to net income and discrete items6 142.7132.5418.5106.5109.9100.6101.5Non-GAAP net income $0.61$0.60$1.55$0.32$0.46$0.35$0.41Diluted earnings per common share $0.32$0.26$1.20$0.37$0.26$0.31$0.25Effect of adjustments to net income $0.93$0.86$2.75$0.70$0.72$0.66$0.67Diluted non-GAAP earnings per common share 153.6153.2152.2152.5152.3151.9152.0Diluted weighted average shares outstanding
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17 ENTEGRIS SECOND QUARTER 2026 EARNINGS SUMMARY *As a result of displaying amounts in millions, rounding differences may exist in the tables. Reconciliation of GAAP Outlook to Non-GAAP Outlook* Third Quarter Outlook$ in millions September 26, 2026Reconciliation GAAP operating expenses to non-GAAP operating expenses: $256 - $264GAAP operating expenses Adjustments to net income: 45Amortization of intangible assets $211 - $219Non-GAAP operating expenses Third Quarter Outlook$ in millions September 26, 2026Reconciliation GAAP net income to non-GAAP net income: $116 - $128GAAP net income Adjustments to net income: 45Amortization of intangible assets (13)Income tax effect $148 - $160Non-GAAP net income Third Quarter Outlook$ in millions, except per share data September 26, 2026Reconciliation GAAP diluted earnings per share to non-GAAP diluted earnings per share: $0.75 - $0.83Diluted earnings per common share Adjustments to diluted earnings per common share: 0.29Amortization of intangible assets (0.08)Income tax effect $0.96 - $1.04Diluted non-GAAP earnings per common share
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18 ENTEGRIS SECOND QUARTER 2026 EARNINGS SUMMARY *As a result of displaying amounts in millions, rounding differences may exist in the tables. Reconciliation of GAAP Outlook to Non-GAAP Outlook* (continued) Third Quarter Outlook$ in millions September 26, 2026Reconciliation GAAP operating income to non-GAAP operating income and adjusted EBITDA: $905 - $935Net sales $174 - $189GAAP - Operating income 19.2% - 20.2%Operating margin - as a % of net sales —Restructuring costs 45Amortization of intangible assets $219 - $234Adjusted operating income 24.2% - 25.1% Adjusted operating margin - as a % of net sales 34Depreciation $253- $269Adjusted EBITDA 28.0% - 29.0%Adjusted EBITDA - as a % of net sales