MKS Inc. Reports Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 revenue $1,413 million, above the high end of guidance
- ➤GAAP net income $236 million, or $3.26 per diluted share, beat guidance
- ➤Semiconductor revenue grew 54% year-over-year to $638 million
- ➤Q4 revenue guidance $1,490 million, plus or minus $40 million
- ➤MKS prepaid $100 million of its USD term loan B in November
Expert Statements
John T.C. Lee, President and Chief Executive Officer of MKS Inc.
“Our business momentum continued to build in the third quarter. Revenue in each of our end markets was at or above the high end of our guidance, led by 54% year-over-year growth in Semiconductor and 43% growth in Electronics & Packaging”
John T.C. Lee, President and Chief Executive Officer of MKS Inc.
“From chips to substrates and advanced PCBs, the fundamental challenges of stacking, scaling, and new materials are becoming more integral in the AI era. MKS brings the broadest set of capabilities across both the semiconductor and advanced packaging markets to deliver foundational innovation, and that is driving robust orders and new design wins that set us up for continued strong performance.”
Ram Mayampurath, Executive Vice President and Chief Financial Officer of MKS Inc.
“Q3 performance exceeded the high end of our guidance ranges for revenue and EPS, and we’re poised for a strong finish to 2026”
Ram Mayampurath, Executive Vice President and Chief Financial Officer of MKS Inc.
“Our business model is delivering scale benefits that, combined with accelerating revenue, are driving gross and operating margin expansion, strong earnings growth and cash generation. With our exposure to attractive growth markets, mix of equipment solutions and consumables, and a healthy balance sheet, MKS is well positioned to generate significant, durable shareholder returns.”
* Record revenue of $1,413 million, above the high end of guidance * Record GAAP net income of $236 million and record net income per diluted share of $3.26, each above the high end of guidance * Record Adjusted EBITDA of $434 million and record Non-GAAP net earnings per diluted share of $4.18, each above the high end of guidance ANDOVER, Mass., Nov. 04, 2026 (GLOBE NEWSWIRE) -- MKS Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, today reported its financial results for the third quarter of 2026.
“Our business momentum continued to build in the third quarter. Revenue in each of our end markets was at or above the high end of our guidance, led by 54% year-over-year growth in Semiconductor and 43% growth in Electronics & Packaging,” said John T.C. Lee, President and Chief Executive Officer. “From chips to substrates and advanced PCBs, the fundamental challenges of stacking, scaling, and new materials are becoming more integral in the AI era. MKS brings the broadest set of capabilities across both the semiconductor and advanced packaging markets to deliver foundational innovation, and that is driving robust orders and new design wins that set us up for continued strong performance.”
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