AI Earnings Predictions for MKS Instruments Inc. (MKSI)

EX-99.1

3 mksi-ex99_1.htm

EX-99.1

EX-99.1

EXHIBIT 99.1

MKS Inc. Reports Third Quarter 2026 Financial Results

• 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, MA, November 4, 2026 -- 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.”

“Q3 performance exceeded the high end of our guidance ranges for revenue and EPS, and we’re poised for a strong finish to 2026,” said Ram Mayampurath, Executive Vice President and Chief Financial Officer. “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.”

Selected GAAP and Non-GAAP Financial Measures

(In millions, except per share data)

Three Months Ended

Nine Months Ended

Q3 2026

Q2 2026

Q3 2025

Q3 2026

Q3 2025

Net Revenues

Semiconductor

$

638

$

554

$

415

$

1,658

$

1,261

Electronics & Packaging

415

381

289

1,118

809

Specialty Industrial

360

313

284

963

828

Total net revenues

$

1,413

$

1,248

$

988

$

3,739

$

2,898

Gross Margin

47.7

%

47.6

%

46.6

%

47.5

%

46.9

%

GAAP Financial Measures

Operating margin

23.1

%

20.1

%

14.0

%

19.4

%

13.3

%

Net income

$

236

$

175

$

74

$

495

$

188

Net income per diluted share

$

3.26

$

2.41

$

1.10

$

6.86

$

2.78

Non-GAAP Financial Measures

Operating margin

27.8

%

25.6

%

20.8

%

25.3

%

20.6

%

Net earnings

$

292

$

232

$

130

$

681

$

365

Net earnings per diluted share

$

4.18

$

3.30

$

1.93

$

9.80

$

5.41

Additional Financial Information

At September 30, 2026, the Company had $676 million in cash and cash equivalents, $1.3 billion of secured term loan principal outstanding, $1.4 billion of convertible senior notes outstanding, €1.0 billion of senior notes outstanding and up to $1.0 billion of additional borrowing capacity under a revolving credit facility, subject to certain leverage ratio requirements. During the third quarter of 2026, the trading price of our common stock continued to satisfy the stock price conversion condition under the indenture governing our convertible senior notes. As a result, the convertible senior notes are convertible, in whole or in part, at the option of the noteholders at any time during the fourth quarter of 2026, and were classified as short-term debt, net of issuances costs, at September 30, 2026.

In November 2026, the Company made a voluntary principal prepayment of $100 million on its USD term loan B.

Fourth Quarter 2026 Guidance

• Revenue of $1,490 million, plus or minus $40 million

• Gross margin of 47.5%, plus or minus 1.0%

• GAAP operating expenses of $355 million, plus or minus $5 million and Non-GAAP operating expenses of $288 million, plus or minus $5 million

• GAAP net income of $294 million, plus or minus $28 million and Non-GAAP net earnings of $352 million, plus or minus $27 million

• GAAP net income per diluted share of $4.04, plus or minus $0.38 and Non-GAAP net earnings per diluted share of $5.00, plus or minus $0.38

• Adjusted EBITDA of $461 million, plus or minus $29 million

The guidance for the fourth quarter does not include the impact of the Company’s pending sale of its Ophir® Optics business and is based on the current business environment, including the impact of U.S. import tariffs and the imposition of retaliatory actions taken by other countries up through but not including the date of this release. The Company will continue to monitor and adapt to changes in the business environment as needed.

Conference Call Details

A conference call with management will be held on Thursday, November 5, 2026 at 8:30 a.m. (Eastern Time). To participate in the call by ph

EX-99.1

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EX-99.1

EX-99.1

EXHIBIT 99.1

MKS Inc. Reports Second Quarter 2026 Financial Results

• Revenue of $1,248 million, above the high end of guidance

• GAAP net income of $175 million and net income per diluted share of $2.41, each above the high end of guidance

• Adjusted EBITDA of $358 million and Non-GAAP net earnings per diluted share of $3.30, each above the high end of guidance

Andover, MA, August 5, 2026 -- MKS Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, today reported its financial results for the second quarter of 2026.

“MKS delivered accelerated double-digit year-over-year revenue growth across each of our end markets in the second quarter, demonstrating our foundational role as an enabler of advanced electronics,” said John T.C. Lee, President and Chief Executive Officer. “As AI-driven investment levels intensify across semiconductor and advanced packaging applications, our momentum is continuing to build, including rapidly growing order volumes. With the industry’s broadest technology capabilities, deep relationships in the electronics ecosystem, and enhanced capacity to deliver to customer demand, we are confident in MKS’ near- and long-term growth prospects.”

“Our second quarter revenue and key profitability metrics once again came in at or above the high end of our guided ranges, underscoring our strong execution and favorable position in a robust demand environment,” said Ram Mayampurath, Executive Vice President and Chief Financial Officer. “We are demonstrating our ability to drive profitable growth and healthy free cash flow as we further strengthen our balance sheet and invest for the future.”

Selected GAAP and Non-GAAP Financial Measures

(In millions, except per share data)

Three Months Ended

Six Months Ended

Q2 2026

Q1 2026

Q2 2025

Q2 2026

Q2 2025

Net Revenues

Semiconductor

$

554

$

466

$

432

$

1,019

$

846

Electronics & Packaging

381

321

266

703

519

Specialty Industrial

313

291

275

604

545

Total net revenues

$

1,248

$

1,078

$

973

$

2,326

$

1,910

Gross Margin

47.6

%

47.0

%

46.6

%

47.3

%

47.0

%

GAAP Financial Measures

Operating margin

20.1

%

13.8

%

13.9

%

17.2

%

12.9

%

Net income

$

175

$

84

$

62

$

258

$

114

Net income per diluted share

$

2.41

$

1.18

$

0.92

$

3.60

$

1.69

Non-GAAP Financial Measures

Operating margin

25.6

%

21.8

%

20.8

%

23.9

%

20.5

%

Net earnings

$

232

$

157

$

119

$

389

$

235

Net earnings per diluted share

$

3.30

$

2.30

$

1.77

$

5.61

$

3.48

Additional Financial Information

At June 30, 2026, the Company had $611 million in cash and cash equivalents, $1.5 billion of secured term loan principal outstanding, $1.4 billion of convertible senior notes outstanding, €1.0 billion of senior notes outstanding and up to $1.0 billion of additional borrowing capacity under a revolving credit facility, subject to certain leverage ratio requirements. The trading price of our common stock during the second quarter of 2026 resulted in the satisfaction of the stock price conversion condition under the indenture governing our convertible senior notes. As a result, the convertible senior notes are convertible, in whole or in part, at the option of the noteholders at any time during the third quarter of 2026, and were classified as short-term debt, net of issuances costs, at June 30, 2026.

In August 2026, the Company made a voluntary principal prepayment of $100 million on its USD term loan B.

Third Quarter 2026 Guidance

• Revenue of $1,350 million, plus or minus $40 million

• Gross margin of 47.0%, plus or minus 1.0%

• GAAP operating expenses of $346 million, plus or minus $5 million and Non-GAAP operating expenses of $280 million, plus or minus $5 million

• GAAP net income of $201 million, plus or minus $23 million and Non-GAAP net earnings of $257 million, plus or minus $22 million

• GAAP net income per diluted share of $2.73, plus or minus $0.31 and Non-GAAP net earnings per diluted share of $3.58, plus or minus $0.31

• Adjusted EBITDA of $395 million, plus or minus $28 million

The guidance for the third quarter is based on the current business environment, including the impact of U.S. import tariffs and the imposition of retaliatory actions taken by other countries up through but not including the date of this release. The Company will continue to monitor and adapt to changes in the business environment as needed.

Conference Call Details

A conference call with management will be held on Thursday, August 6, 2026 at 8:30 a.m. (Eastern Time). To participate in the call by phone, participants should visit the Investor Relations section of MKS’ website at investor.mks.com and click on Events & Presentations, where you will be able to register online and receive dial-in details. We encourage participants to register and dial in to the conference call at least 15 minutes before the start of

EX-99.1

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EX-99.1

EX-99.1

EXHIBIT 99.1

MKS Inc. Reports First Quarter 2026 Financial Results

• Revenue of $1,078 million, at the high end of guidance

• GAAP net income of $84 million and net income per diluted share of $1.18

• Adjusted EBITDA of $277 million and Non-GAAP net earnings per diluted share of $2.30, each above the high end of guidance

Andover, MA, May 6, 2026 -- MKS Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, today reported its financial results for the first quarter of 2026.

“Our robust first quarter performance and second quarter outlook reflect accelerating, broad-based demand, fueled by ramping investment in AI-related applications,” said John T.C. Lee, President and Chief Executive Officer. “Our deep, foundational product portfolio is leading to strong bookings and revenue growth as we enable customers to address the fast-rising complexity of semiconductor and advanced circuit board manufacturing. From AI data centers to the latest consumer electronics innovations, MKS is well positioned to drive attractive growth in a strengthening demand environment.”

“First quarter revenue and key profitability metrics came in at or above the high end of our guided ranges, demonstrating both business momentum and outstanding execution,” said Ram Mayampurath, Executive Vice President and Chief Financial Officer. “Our solid gross margins and operating discipline set the stage for attractive cash generation as we execute on revenue opportunities this year, giving us the resources to invest in innovation and further strengthen our balance sheet.”

Selected GAAP and Non-GAAP Financial Measures

(In millions, except per share data)

Q1 2026

Q4 2025

Q1 2025

Net Revenues

Semiconductor

$

466

$

435

$

413

Electronics & Packaging

321

303

253

Specialty Industrial

291

295

270

Total net revenues

$

1,078

$

1,033

$

936

Gross Margin

47.0

%

46.4

%

47.4

%

GAAP Financial Measures

Operating margin

13.8

%

13.9

%

11.9

%

Net income

$

84

$

108

$

52

Net income per diluted share

$

1.18

$

1.58

$

0.77

Non-GAAP Financial Measures

Operating margin

21.8

%

21.0

%

20.2

%

Net earnings

$

157

$

168

$

116

Net earnings per diluted share

$

2.30

$

2.47

$

1.71

Additional Financial Information

During the first quarter of 2026, the Company completed a private offering of €1.0 billion aggregate principal amount of 4.25% senior notes due 2034. The Company used the net proceeds from the offering, together with the net proceeds from the partial refinancing of its then-existing USD term loan B and refinancing of its then-existing EUR term loan B, both of which were also completed during the first quarter of 2026, and cash on hand to prepay approximately $1.3 billion of, and refinance in full, its existing USD term loan B and refinance in full its existing EUR term loan B. The Company also upsized its revolving credit facility from $675 million to $1.0 billion. In addition, the Company increased its dividend from $0.22 per share to $0.25 per share and paid a cash dividend of $17 million.

At March 31, 2026, the Company had $569 million in cash and cash equivalents, $1.6 billion of secured term loan principal outstanding, $1.4 billion of convertible senior notes outstanding, €1.0 billion of senior notes outstanding and up to $1.0 billion of additional borrowing capacity under a revolving credit facility, subject to certain leverage ratio requirements. The appreciation of our stock price during the first quarter of 2026 resulted in the satisfaction of the stock price conversion condition under the indenture governing our convertible senior notes. As a result, the convertible senior notes are convertible, in whole or in part, at the option of the noteholders at any time during the second quarter of 2026, and were classified as short-term debt, net of issuances costs, at March 31, 2026.

In May 2026, the Company made a voluntary principal prepayment of $100 million on its USD term loan B.

Second Quarter 2026 Guidance

• Revenue of $1,200 million, plus or minus $40 million

• Gross margin of 47.0%, plus or minus 1.0%

• GAAP operating expenses of $337 million, plus or minus $5 million and Non-GAAP operating expenses of $275 million, plus or minus $5 million

• GAAP net income of $151 million, plus or minus $21 million and Non-GAAP net earnings of $202 million, plus or minus $21 million

• GAAP net income per diluted share of $2.09, plus or minus $0.29 and Non-GAAP net earnings per diluted share of $2.90, plus or minus $0.30

• Adjusted EBITDA of $328 million, plus or minus $26 million

The guidance for the second quarter is based on the current business environment, including the impact of U.S. import tariffs and the imposition of retaliatory actions taken by other countries up through but not including the date of this release. The Company will continue to monitor and adapt to changes in the business environmen