Entegris, Inc. reported net sales of $792.4 million for the second quarter ended June 28, 2025, exceeding its guidance range. This represents a 2.5% sequential increase from Q1 2025, but a 2.5% decrease year-over-year from Q2 2024. The company's non-GAAP diluted earnings per common share were $0.66, within guidance, but down from $0.71 in Q2 2024 and $0.67 in Q1 2025.
Gross margin for the quarter was 44.4%, a decrease from 46.2% in Q2 2024, attributed to lower plant performance, anticipated tariff impacts, and strategic inventory management. Adjusted EBITDA was 27.3% of net sales. Management noted that while AI-enabled applications are driving growth in advanced logic and HBM, overall fab activity remains subdued, and trade policy uncertainty continues to impact demand.
For the third quarter ending September 27, 2025, Entegris expects sales to range from $780 million to $820 million, with non-GAAP diluted EPS projected between $0.68 and $0.75. The company secured $9 million in CHIPS Act funding for its Colorado Springs expansion and expects its Kaohsiung, Taiwan facility to reach a revenue run rate exceeding $120 million by late 2025, up from $15 million in 2024. Tariffs on U.S. imports to China temporarily held up to $50 million in revenue in Q2 2025, with recovery expected as customers qualify alternate Asian production sites.
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