Earnings summaries and quarterly performance for MKS.
Executive leadership at MKS.
John T.C. Lee
Detailed
President and Chief Executive Officer
CEO
DH
David Henry
Detailed
Executive Vice President, Operations and Corporate Marketing
ET
Eric Taranto
Detailed
Executive Vice President and General Manager, Vacuum Solutions Division
JS
James Schreiner
Detailed
Executive Vice President and Chief Operating Officer, Materials Solutions Division
JW
John Williams
Detailed
Executive Vice President and General Manager, Photonics Solutions Division
KB
Kathleen Burke
Detailed
Executive Vice President, General Counsel, and Secretary
RM
Ramakumar Mayampurath
Detailed
Executive Vice President, Chief Financial Officer, and Treasurer
Board of directors at MKS.
Research analysts who have asked questions during MKS earnings calls.
Melissa Weathers
Deutsche Bank
4 questions for MKSI
Also covers: AMAT, ENTG, KLAC +2 more
Shane Brett
Morgan Stanley
4 questions for MKSI
Also covers: AMAT, KLAC, TER
SB
Steve Barger
KeyBanc Capital Markets Inc.
4 questions for MKSI
Also covers: AEIS, AME, AMKR +12 more
SS
Sreekrishnan Sankarnarayanan
Wolfe Research, LLC
3 questions for MKSI
Also covers: AAPL, AEIS, AMAT +21 more
DL
David Liu
Mizuho Securities
2 questions for MKSI
JR
James Ricchiuti
Needham & Company, LLC
2 questions for MKSI
Also covers: AEIS, BELFA, BHE +20 more
Joseph Quatrochi
Wells Fargo Securities, LLC
2 questions for MKSI
Also covers: AEIS, ALGM, AMAT +10 more
Matthew Prisco
Cantor Fitzgerald
2 questions for MKSI
Also covers: CAMT, NVMI, ONTO
MM
Michael Mani
Bank of America
2 questions for MKSI
Also covers: CAMT, COHR, KLAC +3 more
Vijay Rakesh
Mizuho
2 questions for MKSI
Also covers: ALGM, ALV, AMAT +16 more
CG
Chris Grenga
Needham & Company
1 question for MKSI
Also covers: AEIS, CECO, CLH +6 more
JS
James Schneider
Goldman Sachs
1 question for MKSI
Also covers: ACN, AMAT, AMKR +26 more
Joe Quatrochi
Wells Fargo
1 question for MKSI
Also covers: AEIS, ALGM, AMAT +10 more
KS
Krish Sankar
TD Cowen
1 question for MKSI
Also covers: AAPL, AEIS, AMAT +21 more
Mark Miller
The Benchmark Company LLC
1 question for MKSI
Also covers: ACLS, ACMR, AEIS +11 more
PP
Peter Pang
JPMorgan Chase & Co.
1 question for MKSI
Also covers: AMKR, SWKS
PP
Peter Peng
Evercore ISI
1 question for MKSI
Also covers: AMKR, MTSI, QRVO +4 more
TH
Toshiya Hari
Goldman Sachs Group, Inc.
1 question for MKSI
Also covers: AMAT, AMD, AMKR +17 more
Recent press releases and 8-K filings for MKSI.
MKS Discusses Strong Growth in E&P and Semi Markets, Debt Reduction Efforts
MKSI
Revenue Acceleration/Inflection
New Projects/Investments
M&A
- MKS's E&P business is experiencing strong growth, with AI driving chemistry and equipment orders; chemistry revenue from AI is estimated at 10%, double that of 2024, and healthy demand is expected in 2026.
- The Semiconductor business grew approximately 15% through the first nine months of 2025, with expectations for a stronger second half 2026 recovery, particularly in DRAM and HBM related to AI.
- MKS has achieved gross margins of 47% or more and has prioritized deleveraging, paying down $400 million in debt in 2025 (on top of over $400 million in 2024), with a near-term net leverage goal of 2 to 2.5 times.
1 day ago
MKS Instruments Discusses Growth Drivers and Financial Strategy at Needham Conference
MKSI
Revenue Acceleration/Inflection
New Projects/Investments
- MKS Instruments' strategy focuses on being foundational to advanced electronics, including AI, with its E&P business experiencing strong growth driven by AI for both equipment and chemistry.
- Chemistry revenues from AI are estimated at 10% of total chemistry revenues in 2025, which is double the amount from 2024.
- The company maintains a strong market position, addressing 85% of all wafer fab equipment in every fab and and is the only company with plating equipment, plating chemistry, and laser drilling equipment.
- The Semi business grew approximately 15% through the first nine months of 2025, benefiting from the completion of inventory burn-down and a NAND upgrade in Q2.
- MKS is actively deleveraging, having paid down $400 million in 2025 (following over $400 million in 2024) and targets a near-term net leverage of two to two and a half times.
1 day ago
MKS Instruments Highlights Strong E&P Growth, AI Tailwinds, and Semi Recovery Outlook
MKSI
Revenue Acceleration/Inflection
Guidance Update
New Projects/Investments
- MKS Instruments' E&P business, bolstered by the Atotech acquisition, represented approximately 28% of revenues and was its strongest growth market in 2025, growing over 20% through the first nine months.
- AI is a significant driver for the E&P segment, with chemistry revenues related to AI estimated at 10% in 2025, doubling from 2024. The company anticipates healthy chemistry demand in 2026 due to increasing layer counts for AI server boards and equipment installations.
- The Semi business grew around 15% through the first nine months of 2025. MKS expects to outgrow the Wafer Fab Equipment (WFE) market, particularly benefiting from DRAM and Logic processes, with an incrementally more positive outlook for a stronger second half 2026 recovery extending into 2027.
- MKS achieved 47%+ gross margins throughout 2024 and has prioritized deleveraging, paying down $400 million in debt in 2025 and over $400 million in 2024, with a near-term net leverage target of 2x-2.5x from 3.9x exiting Q3.
1 day ago
MKSI Discusses Robust 2026 Semiconductor Outlook and Financial Targets
MKSI
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- MKS Instruments anticipates a robust 2026 for its semiconductor business, driven by logic, DRAM, and HBM, with potential upside from NAND upgrades, and expects to address 85% of Wafer Fab Equipment (WFE).
- The company's gross margin was impacted by tariffs, with a 115 basis point impact in Q2 and 80 basis points in Q3, resulting in a gross margin of 46.6% for the year including tariffs. MKS expects a 50 basis point ongoing impact from tariffs but aims to return to 47+% gross margin in 2026 with a normalized product mix.
- MKS is actively reducing debt, with free cash flow generation in the first three quarters of this year almost matching last year's total, and aims to reduce net leverage from an expected 3.9 times exiting Q4 to a target of two to two and a half times.
- MKS's metrology and inspection revenue has doubled from $150 million to $300 million over the past five years, and its differentiated ozone generators for Atomic Layer Deposition (ALD) are key for 2-nanometer and below processes.
Dec 9, 2025, 11:00 AM
MKS Instruments Outlines Growth Drivers and Financial Targets
MKSI
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- MKS Instruments' strategic focus is on being foundational to advanced electronics, encompassing both semiconductors and packaging, achieved through organic growth and key acquisitions like Newport and Atotech.
- The Electronics and Packaging (E&P) segment is projected to achieve 20% growth for the full year, fueled by 10% year-over-year growth in AI-driven chemistry and strong chemistry equipment sales, with equipment orders booked through the first half of 2026.
- The Semiconductor segment is expected to see 10% growth for the full year, with a robust outlook for 2026 driven by logic, DRAM, and HBM.
- Despite tariff impacts (e.g., 115 basis points in Q2), MKS Instruments anticipates gross margins to return to 47%+ in 2026 due to operational improvements and a normalized product mix.
- The company is actively reducing debt, targeting a net leverage of 2 to 2.5 times from an estimated 3.9 times at the end of Q4.
Dec 9, 2025, 11:00 AM
MKSI Discusses Growth Drivers, Margin Outlook, and Debt Reduction at Nasdaq Investor Conference
MKSI
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- MKSI anticipates its Electronics and Packaging (E&P) segment to achieve 20% growth for the full year, driven by AI-related chemistry demand and strong chemistry equipment sales, with chemistry growing 10% year over year.
- The Semiconductor (Semi) segment is projected to grow 10% for the full year, with a robust 2026 outlook anticipating 11% growth driven by Logic, DRAM, and HBM, and potential upside from NAND upgrades.
- Gross margin was impacted by tariffs, with 115 basis points in Q2 and 80 basis points in Q3, but the company is confident in returning to 47+% in 2026 through a normalized product mix and operational efficiencies.
- MKSI is actively reducing its net leverage from 3.9 times (exiting Q4) towards a target of two to two and a half times, prioritizing debt repayment after strategic investments.
Dec 9, 2025, 11:00 AM
MKSI Provides 2025 Financial Outlook and Strategic Updates
MKSI
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- MKS projects a top line close to $3.9 billion for 2025, representing approximately 9% year-to-date growth, with EPS projected to grow 22%.
- The Electronics and Packaging segment, driven by AI demand, showed 9% quarter-over-quarter improvement and 25% year-over-year growth in Q3 2025. The Semiconductor business, also benefiting from AI, is expected to maintain Q3 2025 levels in Q4 2025, with MKS historically outperforming Wafer Fab Equipment (WFE) growth by 200 basis points.
- The company is focused on strengthening its balance sheet by reducing net leverage to 2-2.5 times, having made approximately $500 million in payments annually. They are also expanding CapEx to 4-5% of revenue for new manufacturing facilities globally.
- Gross margins were impacted by tariffs (115 basis points in Q2 2025, 80 basis points in Q3 2025) and a mix shift towards lower-margin equipment sales within the chemistry business. MKS expects to return to mid-40s margins, 47% plus, with operational excellence and a normalized mix.
Nov 11, 2025, 8:55 PM
MKS Provides 2025 Financial Outlook and Strategic Priorities
MKSI
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- MKS projects its 2025 revenue to reach nearly $3.9 billion, representing approximately 9% year-to-date growth, with EPS expected to grow by 22%.
- The company anticipates strong free cash flow generation in 2025, on track to exceed 2024 levels, with Q4 2025 free cash flow expected to be about 15% of revenue.
- In Q3 2025, Semiconductor revenue was $415 million, showing over 10% year-over-year growth, while Electronics and Packaging grew 25% year-over-year, primarily driven by AI demand.
- MKS is focused on deleveraging its balance sheet to a target of 2x-2.5x net leverage and is expanding CapEx (around 4% of revenue) for new manufacturing facilities globally.
- Gross margins were impacted by tariffs and a mix shift towards lower-margin equipment sales in Q2 and Q3 2025, but the company is confident in returning to mid-40s (47%+) margins through operational excellence.
Nov 11, 2025, 8:55 PM
MKS Projects Strong 2025 Growth and Focuses on Deleveraging
MKSI
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- MKS projects its 2025 top line to be close to $3.9 billion, representing approximately 9% year-to-date growth, with EPS projected to grow about 22% year-to-date.
- The company's Electronics and Packaging segment saw 9% quarter-over-quarter improvement and 25% year-over-year growth in Q3 2025, largely driven by AI demand, with a strong Q4 guide of $295 million.
- MKS aims to strengthen its balance sheet by lowering net leverage to 2-2.5 times, while maintaining a modest annual dividend of $60 million.
- The service component of the business, including chemistry, accounts for about 40% of revenue with very high margins, contributing to overall revenue stability.
- Despite tariff impacts and mix shifts affecting gross margins in Q2 and Q3 2025, MKS is confident in returning to mid-40s margins, 47%+, through operational excellence and a normalized mix.
Nov 11, 2025, 8:55 PM
MKS Instruments Announces Strong Q3 2025 Results and Q4 2025 Guidance
MKSI
Earnings
Guidance Update
Revenue Acceleration/Inflection
- MKS Instruments reported strong Q3 2025 revenue of $988 million and Non-GAAP diluted earnings per share of $1.93, both in the upper half of their guided ranges.
- Year-over-year revenue growth was primarily driven by the Semiconductor and Electronics & Packaging end markets, which saw increases of 10% and 25% respectively.
- The company generated $147 million in free cash flow during Q3 2025 and continued to reduce leverage, achieving a net leverage ratio of 3.9x.
- For Q4 2025, MKS Instruments anticipates revenue of $990 million +/- $40 million and Non-GAAP diluted earnings per share of $2.27 +/- $0.34.
- The Q4 2025 Non-GAAP tax rate is projected to be approximately 2%, benefiting from specific discrete tax items.
Nov 6, 2025, 1:30 PM
Quarterly earnings call transcripts for MKS.
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