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
6 questions for MKSI
Also covers: AMAT, ENTG, KLAC +3 more
Shane Brett
Morgan Stanley
6 questions for MKSI
Also covers: AMAT, CAMT, KLAC +2 more
SB
Steve Barger
KeyBanc Capital Markets Inc.
6 questions for MKSI
Also covers: AEIS, AME, AMKR +12 more
MM
Michael Mani
Bank of America
4 questions for MKSI
Also covers: CAMT, COHR, KLAC +3 more
JS
James Schneider
Goldman Sachs
3 questions for MKSI
Also covers: ACN, AMAT, AMKR +29 more
Joe Quatrochi
Wells Fargo
3 questions for MKSI
Also covers: AEIS, ALGM, AMAT +13 more
PP
Peter Peng
Evercore ISI
3 questions for MKSI
Also covers: AMKR, MTSI, QRVO +4 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
DL
David Lu
Mizuho
2 questions for MKSI
Also covers: QBTS
JR
James Ricchiuti
Needham & Company, LLC
2 questions for MKSI
Also covers: AEIS, BELFA, BHE +20 more
JR
Jim Ricchiuti
Needham & Company
2 questions for MKSI
Also covers: AEIS, BHE, CECO +10 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, FORM, MCHP +3 more
Vijay Rakesh
Mizuho
2 questions for MKSI
Also covers: ALGM, ALV, AMAT +19 more
CG
Chris Grenga
Needham & Company
1 question for MKSI
Also covers: AEIS, CECO, CLH +6 more
KS
Krish Sankar
TD Cowen
1 question for MKSI
Also covers: AAPL, AEIS, AMAT +22 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
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.
MKSI Reports Strong Q4 and Full-Year 2025 Results, Provides Q1 2026 Guidance, and Advances Deleveraging
MKSI
Earnings
Guidance Update
Debt Issuance
- MKS Instruments reported Q4 2025 revenue of $1.03 billion and full-year 2025 revenue of $3.9 billion, marking 10% year-over-year sales growth, 20% EPS growth, and over 20% free cash flow growth.
- For Q1 2026, the company provided guidance expecting revenue of $1.04 billion ±$40 million and net earnings per diluted share of $2 ±$0.28.
- The demand environment is strengthening, with Q1 2026 semiconductor revenue expected to be up sequentially and electronics and packaging revenue projected to increase in a low 20% range year-over-year, driven by AI applications.
- The company made substantial progress on deleveraging, including $400 million in voluntary term loan prepayments in 2025 and an additional $100 million in February 2026, and also authorized a 14% increase in the next dividend.
Feb 18, 2026, 1:30 PM
MKS Instruments Reports Strong Q4 and Full-Year 2025 Results, Provides Q1 2026 Guidance, and Increases Dividend
MKSI
Earnings
Guidance Update
Dividends
- MKS Instruments reported Q4 2025 revenue of $1.03 billion and full-year 2025 revenue of $3.9 billion, marking 10% year-over-year sales growth and 20% EPS growth for the full year.
- The company provided Q1 2026 revenue guidance of $1.04 billion ±$40 million, anticipating a strengthening demand outlook across its semiconductor and electronics and packaging markets, driven by AI applications.
- MKS made substantial progress on deleveraging, with $400 million in voluntary term loan prepayments in 2025 and an additional $100 million in February 2026, reducing the net leverage ratio to 3.7 times based on full-year 2025 adjusted EBITDA.
- The board authorized a 14% increase in the next dividend, payable in early March.
Feb 18, 2026, 1:30 PM
MKS announces Q4 2025 results
MKSI
Earnings
Guidance Update
Debt Issuance
- MKS reported full-year 2025 revenue of $3.9 billion, a 10% increase over 2024, with Non-GAAP Net Earnings per Diluted Share of $7.88, up 20% year-over-year.
- For Q4 2025, revenue reached $1.0 billion, and Non-GAAP Net Earnings per Diluted Share was $2.47.
- Free Cash Flow for FY 2025 increased by 21% to $497 million.
- The company provided Q1 2026 revenue guidance of $1,040 million +/- $40 million and Non-GAAP Net Earnings per Diluted Share guidance of $2.00 +/- $0.28.
- MKS's net leverage ratio improved to 3.7x at December 31, 2025, and it completed a €1 billion senior notes offering in February 2026, which is expected to reduce annual interest expense by approximately $27 million.
Feb 18, 2026, 1:30 PM
MKS Instruments Reports Strong Q4 and Full-Year 2025 Results, Issues Q1 2026 Guidance
MKSI
Earnings
Guidance Update
Debt Issuance
- MKS reported strong Q4 2025 revenue of $1.03 billion, up 10% year-over-year, and full-year 2025 revenue of $3.9 billion, also up 10% year-over-year, with 20% EPS growth and over 20% free cash flow growth.
- The company provided Q1 2026 revenue guidance of $1.04 billion ±$40 million, anticipating continued strengthening demand in the semiconductor market and growth in electronics and packaging, particularly driven by AI applications.
- MKS made significant progress in debt reduction, with $400 million in voluntary prepayments on its term loan in 2025 and an additional $100 million in February 2026, totaling over $1 billion paid down since February 2024.
- The electronics and packaging segment experienced robust growth, with chemistry sales increasing 16% year-over-year in Q4 2025 and 11% for the full year 2025 (excluding FX and palladium passthrough), largely due to increasing packaging complexity for AI, which now represents 10% of chemistry revenue.
Feb 18, 2026, 1:30 PM
MKS Inc. Reports Q4 and Full-Year 2025 Financial Results, Provides Q1 2026 Guidance, and Announces Debt Refinancing
MKSI
Earnings
Guidance Update
Debt Issuance
- MKS Inc. reported Q4 2025 revenue of $1,033 million and full-year 2025 total net revenues of $3,931 million.
- Q4 2025 GAAP net income per diluted share was $1.58, with Non-GAAP net earnings per diluted share at $2.47. For the full year 2025, Non-GAAP net earnings per diluted share was $7.88.
- The company issued Q1 2026 guidance including revenue of $1,040 million (plus or minus $40 million) and Non-GAAP net earnings per diluted share of $2.00 (plus or minus $0.28).
- On February 4, 2026, MKS Inc. completed a private offering of €1.0 billion senior notes and refinanced its term loans, which diversified its capital structure, extended maturities, and reduced interest rates.
Feb 17, 2026, 9:30 PM
MKS Announces Pricing of €1 Billion Senior Notes Offering
MKSI
Debt Issuance
- MKS Inc. announced the pricing of a private offering of €1.0 billion aggregate principal amount of 4.250% senior notes due 2034.
- The company estimates that the net proceeds from the offering will be approximately €985 million.
- MKS intends to use these net proceeds, along with other funds, to prepay approximately $1.3 billion of its existing $2.2 billion U.S. dollar tranche B term loan and to refinance in full its existing €587 million euro tranche B term loan.
- The offering is expected to close on February 4, 2026.
Jan 28, 2026, 9:15 PM
MKS Prices Private Offering of Senior Notes
MKSI
Debt Issuance
- MKS Inc. (MKSI) announced the pricing of a private offering of €1.0 billion aggregate principal amount of 4.250% senior notes due 2034.
- The offering is expected to close on February 4, 2026, with estimated net proceeds of approximately €985 million.
- MKS intends to use the net proceeds to prepay approximately $1.3 billion of its existing USD Tranche B Term Loan and refinance in full its existing €587 million Euro Tranche B Term Loan.
Jan 28, 2026, 6:32 PM
MKS Inc. Updates Q4 2025 Guidance and Announces Debt Refinancing Plans
MKSI
Guidance Update
Debt Issuance
Revenue Acceleration/Inflection
- MKS Inc. has updated its financial guidance for the quarter ended December 31, 2025, now expecting revenue of approximately $1,030 million and GAAP net income of $106 million.
- The company anticipates reporting Adjusted EBITDA of approximately $248 million for Q4 2025, primarily due to increased demand across all markets and divisions.
- MKS Inc. is pursuing a debt refinancing that includes a new approximately $0.9 billion term loan and a new €0.6 billion term loan, both with a maturity date of 2033, alongside a new €1.0 billion Euro denominated unsecured debt issuance.
- The refinancing also involves upsizing the existing revolving credit facility by $325 million to $1 billion and extending its maturity to 2031, with these transactions expected to be leverage neutral and reduce interest expenses.
- As adjusted for these transactions, secured gross leverage is projected to decrease from 2.8x to 1.6x, and total gross leverage will be 4.1x, based on LTM Q3 2025 Credit Agreement Adjusted EBITDA of $1,016 million.
Jan 21, 2026, 3:30 PM
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.
Jan 13, 2026, 4:00 PM
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.
Jan 13, 2026, 4:00 PM
Quarterly earnings call transcripts for MKS.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more