10-K · February 24, 2026
MKS Inc. reported strong performance in 2025, with revenue reaching $3.93 billion, up 9.6% year-over-year, driven primarily by growth in the semiconductor and electronics markets. However, a substantial increase in…
Earnings analysis · 10-Q
MKSI earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
MKS Inc. reported Q1 2026 earnings with revenue of $1,078 million and diluted EPS of $2.30, both surpassing analyst estimates. The company experienced robust segment growth primarily in Semiconductor and Electronics &…
Read full summary
MKS Inc. reported Q1 2026 earnings with revenue of $1,078 million and diluted EPS of $2.30, both surpassing analyst estimates. The company experienced robust segment growth primarily in Semiconductor and Electronics & Packaging divisions, although they faced a slight decline in the Specialty Industrial segment. The outlook remains positive with management highlighting strong demand particularly driven by AI technologies.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $2.3
- Segment
- VSD
- Segment
- PSD
- Segment
- MSD
What stood out
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Revenue Exceeded Estimates
Actual Q1 2026 revenue was $1,078 million, surpassing estimates of $1,046 million by 3.1%.
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Strong EPS Performance
Reported diluted EPS was $2.30, exceeding consensus estimates of $2.04, reflecting a surprise of 12.8%.
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Segment Growth in Semiconductor
Net revenues in the Semiconductor market increased by $53 million, or 13%, year-over-year.
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Electronics & Packaging Revenue Growth
Net revenues grew by $68 million, or 27%, compared to the same period last year.
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Cash & Cash Equivalents Stability
Cash and cash equivalents decreased to $569 million from $675 million quarter-over-quarter.
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Operational Cash Flow Improvement
Net cash provided by operating activities was $53 million for Q1 2026.
What to watch
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Increased Dependence on AI Demand
There's heightened risk stemming from reliance on the growing AI sector amidst economic fluctuations and demand shifts.
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Foreign Trade Risks
Trade restrictions in key markets, particularly with regards to China, could impact revenue streams, especially in the Semiconductor sector.
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Debt Levels and Servicing
The company reported a notable debt with total borrowings for Credit Facilities at $1.2 billion, creating refinancing risks.
Management's outlook
Management anticipates revenue between $1,160 million and $1,240 million for Q2 2026, and EPS guidance is projected between $1.80 and $2.38.
Earlier filings 4
10-Q · November 6, 2025
MKS Instruments (MKSI) reported an impressive third quarter, with revenue of $988 million, exceeding expectations and showing a 10.5% increase from the prior quarter. EPS for the quarter was $1.93, beating consensus…
10-Q · August 7, 2025
MKS Instruments reported strong results in its Q2 2025 10-Q filing, with significant revenue growth and EPS surpassing estimates. Revenue for the quarter reached $973 million, a 9.2% increase from the prior quarter,…
10-Q · May 8, 2025
MKS Instruments, Inc. reported solid performance for Q1 2025, with revenue of $936 million, a 7.7% increase from Q4 2024 and 7.8% from Q1 2024. Gross margin remained stable at 47.4%, while diluted EPS was $0.77, down…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.