： ： ： ESG推進 CP&RMG 富士幸太郎('23.5.15) FFグループ 取 扱 指 定 作 成 / 日 付 開 示 範 囲 Fujifilm Internal Use Only ： ： ： CC-IR('24.4.9) 会議出席者限り 取 扱 指 定 作 成 / 日 付 開 示 範 囲 Fujifilm Internal Use Only 再配布禁止 Semiconductor Materials Business Briefing December 10, 2025 Business performance forecast and future predictions contained in this material are based on currently -available information and reflect potential risks and uncertainty factors. For this reason, actual business performance could be different from such predictions due ...

Core Insights - Entegris reported Q2 2025 GAAP revenue of $792.4 million, exceeding consensus estimates of $765.4 million, and Non-GAAP EPS of $0.66, above the projected $0.64, despite a 2.5% year-over-year decline in GAAP revenue [1][2] - Profitability measures showed contraction, with margins down in the Advanced Purity Solutions segment, while Materials Solutions saw margin expansion [1][7] - Management highlighted tariff impacts and continued softness in semiconductor capital spending as ongoing challenges [1][6] Financial Performance - Q2 2025 GAAP revenue was $792.4 million, a 2.5% decline from Q2 2024's $812.7 million [2] - Non-GAAP EPS was $0.66, down 7.0% from $0.71 in Q2 2024 [2] - Advanced Purity Solutions segment revenue was $439.9 million, a decline of 6.9% year-over-year, while Materials Solutions segment revenue was $354.9 million, up 3.7% compared to Q2 2024 [5][6] Business Overview - Entegris manufactures advanced materials and contamination control solutions critical for semiconductor manufacturing, including CMP slurries and deposition materials [3] - The company focuses on semiconductor device miniaturization, rising demands for purity, and expanding its product portfolio [4] Strategic Focus - Entegris aims to help customers meet strict yield and performance standards while managing risks from geopolitical shifts and supply-chain complexity [4] - Recent priorities include ramping new facilities in Taiwan and Colorado Springs and strengthening collaborations with semiconductor manufacturers [4] Operational Highlights - Gross margin, adjusted operating margin, and adjusted EBITDA margin declined compared to Q2 2024, with adjusted operating margin down by 1.1 percentage points [7] - Facility qualification work in Taiwan is expected to reach an annualized run rate above $120 million by late 2025 [8] - The company declared a quarterly dividend payment of $15.2 million, unchanged from the prior quarter [9] Product Performance - CMP consumables remain a growth driver, with nearly 20% year-on-year growth due to demand for advanced packaging and new logic nodes [10] - Advanced filter products for high bandwidth memory and logic applications continue to gain traction [10] Outlook - For Q3 2025, management guided GAAP net sales of $780 million to $820 million, with Non-GAAP diluted EPS expected in the $0.68 to $0.75 range [11] - Sequential improvement is anticipated in the second half of 2025 as tariff effects are addressed and advanced semiconductor node transitions gather momentum [11] - No full-year financial guidance was provided due to ongoing uncertainty in trade policies and semiconductor capital spending [12]