Earnings summaries and quarterly performance for MKS.
Executive leadership at MKS.
John T.C. Lee
Detailed
President and Chief Executive Officer
CEO
David Henry
Detailed
Executive Vice President, Operations and Corporate Marketing
Eric Taranto
Detailed
Executive Vice President and General Manager, Vacuum Solutions Division
James Schreiner
Detailed
Executive Vice President and Chief Operating Officer, Materials Solutions Division
John Williams
Detailed
Executive Vice President and General Manager, Photonics Solutions Division
Kathleen Burke
Detailed
Executive Vice President, General Counsel, and Secretary
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
Steve Barger
KeyBanc Capital Markets Inc.
4 questions for MKSI
Also covers: AEIS, AME, AMKR +12 more
Sreekrishnan Sankarnarayanan
Wolfe Research, LLC
3 questions for MKSI
Also covers: AAPL, AEIS, AMAT +21 more
David Liu
Mizuho Securities
2 questions for MKSI
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
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
Chris Grenga
Needham & Company
1 question for MKSI
Also covers: AEIS, CECO, CLH +6 more
James Schneider
Goldman Sachs
1 question for MKSI
Also covers: ACN, AMAT, AMKR +25 more
Joe Quatrochi
Wells Fargo
1 question for MKSI
Also covers: AEIS, ALGM, AMAT +10 more
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
Peter Pang
JPMorgan Chase & Co.
1 question for MKSI
Also covers: AMKR, SWKS
Peter Peng
Evercore ISI
1 question for MKSI
Also covers: AMKR, MTSI, QRVO +4 more
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 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
MKSI Reports Strong Q3 2025 Results and Provides Q4 2025 Guidance
MKSI
Earnings
Guidance Update
Revenue Acceleration/Inflection
- MKS Instruments (MKSI) delivered a solid third quarter in 2025, with revenue of $988 million, marking a 10% increase year-over-year, and net earnings per diluted share of $1.93, both falling in the upper half of their guided ranges.
- The company saw strong demand in its semiconductor and electronics and packaging end markets, with semiconductor revenue at $415 million (up 10% year-over-year) and electronics and packaging revenue at $289 million (up 25% year-over-year), significantly driven by AI-related applications.
- MKSI generated $147 million in free cash flow in Q3 2025 and made a voluntary principal prepayment of $100 million on its term loan in October, contributing to a total of $400 million in prepayments for 2025. The company exited the quarter with gross debt of $4.4 billion and a net leverage ratio of 3.9 times.
- For Q4 2025, MKSI expects revenue of $990 million (plus or minus $40 million) and net earnings per diluted share of $2.27 (plus or minus $0.34).
- The company maintains a long-term gross margin objective of 47% plus, despite current impacts from a higher mix of chemistry equipment sales and tariffs.
Nov 6, 2025, 1:30 PM
MKS Inc. Reports Third Quarter 2025 Financial Results and Provides Q4 2025 Guidance
MKSI
Earnings
Guidance Update
- MKS Inc. reported revenue of $988 million, GAAP net income of $74 million, and Non-GAAP net earnings per diluted share of $1.93 for the third quarter of 2025.
- The company generated operating cash flow of $197 million and free cash flow of $147 million in Q3 2025, enabling a reduction in its net leverage ratio to 3.9x as of September 30, 2025.
- MKS Inc. made voluntary principal prepayments of $100 million in August 2025 and another $100 million in October 2025 on its USD term loan B.
- For the fourth quarter of 2025, MKS Inc. provided guidance of revenue of $990 million (plus or minus $40 million) and Non-GAAP net earnings per diluted share of $2.27 (plus or minus $0.34).
Nov 5, 2025, 9:31 PM
MKS Inc. Reports Third Quarter 2025 Financial Results
MKSI
Earnings
Guidance Update
- MKS Inc. reported revenue of $988 million for the third quarter of 2025, which was at the high end of its guidance.
- For Q3 2025, GAAP net income was $74 million with diluted earnings per share of $1.10, and Non-GAAP net earnings were $130 million with diluted earnings per share of $1.93, both in the upper half of guidance.
- The company generated operating cash flow of $197 million and free cash flow of $147 million in Q3 2025, contributing to debt prepayment and reducing its net leverage ratio to 3.9x as of September 30, 2025.
- MKS Inc. provided Q4 2025 guidance projecting revenue of $990 million (plus or minus $40 million) and Non-GAAP net earnings per diluted share of $2.27 (plus or minus $0.34).
Nov 5, 2025, 9:30 PM
MKS Instruments Discusses Q2 Performance, Deleveraging, and Strategic Growth at Deutsche Bank Conference
MKSI
Revenue Acceleration/Inflection
Debt Issuance
New Projects/Investments
- MKS Instruments reported a strong quarter with a top-line revenue of $473 million and a gross margin of 46.6%, which would have been close to 48% without tariff impacts. The company has focused on deleveraging, prepaying $200 million in the last two months and $800 million over the last seven quarters, with a goal to reduce net leverage from four times to 2 to 2.5 times.
- The Electronics and Packaging (E&P) segment has shown strong performance with four quarters of robust equipment bookings, driven by AI, and its chemistry sales, which have 100% market share on their equipment, are high gross margin consumables. The semiconductor business has consistently outgrown the Wafer Fab Equipment (WFE) market by 200 basis points annually for ten years and is making progress in advanced optics for lithography, metrology, and inspection.
- Management believes the company's current cost structure and operational agility, demonstrated through tariff mitigation strategies, will support continued gross margin improvement, with the potential to reach 50%. Investments in OpEx are primarily focused on retaining talent and driving long-term growth.
Aug 27, 2025, 5:40 PM
MKS Instruments Q1 2025 Robust Earnings & Q2 Guidance
MKSI
Earnings
Guidance Update
Share Buyback
Revenue Acceleration/Inflection
- Achieved total revenue of $936 million in Q1 2025, driven by strong Semiconductor performance with $413 million revenue and robust year-over-year growth.
- Delivered non-GAAP earnings per share of $1.71 and adjusted EBITDA of $236 million, indicating improved profitability and effective cost management.
- Reported gross margins of 47.4% and free cash flow of $123 million, underscoring strong operational efficiency.
- Provided Q2 guidance with an overall revenue outlook of approximately $925 million and Semiconductor revenue near $415 million (±$15M/$40M), complemented by planned debt prepayment and share repurchase activity.
- Maintained strong liquidity with approximately $1.3 billion and implemented proactive capital measures, including share repurchases and dividends.
May 8, 2025, 12:31 PM
MKS Instruments Reviews Growth Drivers and Financial Optimization
MKSI
CFO Change
Debt Issuance
New Projects/Investments
- NAND and RF power solutions: MKS highlighted its unique RF power subsystem for NAND upgrades and noted that most of its inventory burn was completed in 2024, setting the stage for growth as end customers upgrade their systems.
- Optical market advancements: The company has doubled its revenue in the optics segment from $150 million to $300 million over five years by investing in sophisticated solutions that integrate lithography, metrology, and inspection capabilities.
- Service revenue and market positioning: Strong performance in its service business, which now contributes about 13% of overall revenue, underscores robust fab utilization and positions the company well for auto-inventory restocking and future growth.
- Deleveraging and capital allocation strategy: With a focus on deleveraging, MKS reported paying down $476 million in debt, reducing interest expense by 40% year-over-year, and targeting a leverage reduction from 4.3x to between 2x and 2.5x, while maintaining around $650 million in cash balances.
Mar 11, 2025, 5:01 PM
Quarterly earnings call transcripts for MKS.
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