Shares of MKS (MKSI - Free Report) have been struggling lately and have lost 11.2% over the past four weeks. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.
While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earnings of this maker of analysis and processing equipment for semiconductor companies is a solid fundamental factor that enhances the prospects of a trend reversal for the stock.
Understanding Hammer Chart and the Technique to Trade ItThis is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.'
In simple terms, during a downtrend, with bears having absolute control, a stock usually opens lower compared to the previous day's close, and again closes lower. On the day the hammer pattern is formed, maintaining the downtrend, the stock makes a new low. However, after eventually finding support at the low of the day, some amount of buying interest emerges, pushing the stock up to close the session near or slightly above its opening price.
When it occurs at the bottom of a downtrend, this pattern signals that the bears might have lost control over the price. And, the success of bulls in stopping the price from falling further indicates a potential trend reversal.
Hammer candles can occur on any timeframe -- such as one-minute, daily, weekly -- and are utilized by both short-term as well as long-term investors.
Like every technical indicator, the hammer chart pattern has its limitations. Particularly, as the strength of a hammer depends on its placement on the chart, it should always be used in conjunction with other bullish indicators.
Here's What Increases the Odds of a Turnaround for MKSIThere has been an upward trend in earnings estimate revisions for MKSI lately, which can certainly be considered a bullish indicator on the fundamental side. That's because a positive trend in earnings estimate revisions usually translates into price appreciation in the near term.
Over the last 30 days, the consensus EPS estimate for the current year has increased 0.3%. What it means is that the sell-side analysts covering MKSI are majorly in agreement that the company will report better earnings than they predicted earlier.
If this is not enough, you should note that MKSI currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. And stocks carrying a Zacks Rank #1 or 2 usually outperform the market. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Moreover, a Zacks Rank of 1 for MKS is a more conclusive indication of a potential trend reversal, as the Zacks Rank has proven to be an excellent timing indicator that helps investors identify precisely when a company's prospects are beginning to improve.
ANDOVER, Mass., July 13, 2026 (GLOBE NEWSWIRE) -- MKS Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, today announced that the Company will release second quarter 2026 financial results after market close on Wednesday, August 5, 2026.
A conference call with management will be held on Thursday, August 6, 2026 at 8:30 a.m. (Eastern Time). A live and archived webcast of the call can be accessed on the company’s website at https://investor.mks.com/, or by registering as a Participant by clicking here. We encourage participants to register at least 15 minutes prior to the start of the call.
About MKS Inc.
MKS Inc. (NASDAQ: MKSI) enables technologies that transform our world. We deliver foundational technology solutions to leading edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications. We apply our broad science and engineering capabilities to create instruments, subsystems, systems, process control solutions and specialty chemicals technology that improve process performance, optimize productivity and enable unique innovations for many of the world’s leading technology and industrial companies. Our solutions are critical to addressing the challenges of miniaturization and complexity in advanced device manufacturing by enabling increased power, speed, feature enhancement, and optimized connectivity. Our solutions are also critical to addressing ever-increasing performance requirements across a wide array of specialty industrial applications. Additional information can be found at www.mks.com.
ANDOVER, Mass., July 09, 2026 (GLOBE NEWSWIRE) -- MKS Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, was recognized today as one of America’s Best Companies for 2026 by Time and Statista, Inc.
“MKS is proud to receive this recognition as one of America’s best companies,” said John T.C. Lee, President and Chief Executive Officer of MKS. “This is the second year in a row MKS has been recognized by Time, and it is especially meaningful to us that employee satisfaction was a key factor in this ranking. It reflects our commitment to creating a culture in which our dedicated colleagues can do their best work, driving high customer satisfaction and strong financial performance. That formula continues to attract the best talent to MKS. Congratulations to our entire team for earning this honor.”
The list of Best Companies was determined based on three categories: employee satisfaction, financial performance, and sustainability.
America’s Best Companies 2026
About MKS Inc.
MKS Inc. (NASDAQ: MKSI) enables technologies that transform our world. We deliver foundational technology solutions to leading edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications. We apply our broad science and engineering capabilities to create instruments, subsystems, systems, process control solutions and specialty chemicals technology that improve process performance, optimize productivity and enable unique innovations for many of the world’s leading technology and industrial companies. Our solutions are critical to addressing the challenges of miniaturization and complexity in advanced device manufacturing by enabling increased power, speed, feature enhancement, and optimized connectivity. Our solutions are also critical to addressing ever-increasing performance requirements across a wide array of specialty industrial applications. Additional information can be found at www.mks.com.
Pre-Market Stock Futures: Futures are trading lower after a big start to the holiday-shortened trading week, which saw every index trade higher, after the small-cap Russell 2000 eked out a tiny gain on the close, finishing up 0.01% at $3010, and still leads all the major indices in 2026, up over 20%. The tech-heavy Nasdaq exploded higher, closing up 2.07% at 25,820, while the S&P 500 also saw strength, closing the session at 7,440, higher by 1.18%. The venerable Dow Jones Industrial Average closed at a record high of 52,182, up 059% on the day, with a nice move higher from new member Alphabet (NASDAQ: GOOGL | GOOGL Price Prediction). Positive news on the Iran war, with negotiators meeting today in Qatar, and an announced end to hostilities between the two nations, was the backdrop for a very solid day for stocks. We could see more fireworks before the weekend 4th of July fireworks, as end-of-quarter reallocations and window dressing could skew volatility and trading volume higher.
Treasury Bonds: Yields were mixed across the Treasury curve on Monday, as some light buying came in on the long end, while there was selling across the belly and shorter maturities. Traders will continue to watch the situation in Iran. They will also be waiting for the May employment numbers scheduled for Thursday, as the markets are closed for the Federal 4th of July holiday on Friday. The 30-year-long bond finished the day at 4.86%, while the 10-year note was last seen at 4.37%.
Oil and Gas: After last week’s sizable sell-off, the energy complex attracted some buyers on Monday, as lower prices enticed accumulation at current levels. Brent Crude closed the day at $72.89, up 1.2%, while West Texas Intermediate finished the day at $70.39, up 1.82%. Natural gas, which has been strong recently, closed lower for the second straight session, down 3.26% at $3.17. The lower close was likely profit-taking, as the outlook for the commodity remains bullish.
Gold: After a nice move higher last week, Gold stumbled on Monday, closing down by 1.8% at $4,014, while Silver also closed lower, finishing the day at $58.13, down 1.56%. This comes as TD Securities’ head of commodity research, Bart Melek, predicted that gold will fall to $3,900 before rising to $5,300 by the end of 2026. He cited continued inflationary pressure as the main reason for the positive outlook.
Crypto: Bitcoin continued to consolidate in the $59,000–$60,500 zone yesterday, and pushed toward $60,158 intraday before trading in the $60,150–$60,370 range late Monday afternoon. The modest gains of roughly +1% over the past 24 hours came amid low volatility and sideways trading. Ethereum hovered near $1,590–$1,620 during the day, with a slight recovery from earlier in the session. Sentiment remains neutral-to-cautious on the crypto sector, and on Monday, many altcoins saw more decliners than gainers, with broader crypto markets reflecting risk-off flows tied to macro factors, such as the stronger U.S. dollar and interest rate expectations. At 8 AM EDT, Bitcoin was trading at $59,210. At the same time, Ethereum was quoted at $1,582.
24/7 Wall St. reviews dozens of analyst research reports every day to identify fresh investment ideas for investors and traders alike. These daily analyst notes include recommendations on stocks to buy, sell, or avoid, as well as new coverage initiations. Important reminder: No single analyst report should ever be the sole basis for buying or selling a stock.
Here are some of the best Wall Street analyst upgrades, downgrades, and initiations seen on Tuesday, June 30, 2026.
Upgrades: Block (NYSE: XYZ) caught a double upgrade from Piper Sandler, which lifted the shares to Overweight from Underweight, and boosted the target price to $100 from $58. Comcast (NASDAQ: CMCSA) was raised to Buy from Hold at Deutsche Bank, which trimmed the target price for the shares to $32 from $34. Fortune Brands Innovations (NYSE: FBIN) was upgraded to Buy from Hold at Truist, which lifted the target price for the shares to $70 from $45. Honeywell International (NYSE: HON) was upgraded to Outperform from Neutral at Daiwa, which moved the target price for the shares to $255 from $240. Tradeweb Markets (NASDAQ: TW) Goldman Sachs upgraded the shares to Buy from Neutral, with a $146 target price. Downgrades: Fortinet (NASDAQ: FTNT) was downgraded to Reduce from Hold at HSBC, with a $102 target price. Goldman Sachs Group (NYSE: GS) was downgraded to Underperform from Perform at Oppenherim, without a target price. Logitech International (NASDAQ: LOGI) was cut to Underperform from Neutral at Bank of America, which dropped the price target for the shares to $86 from $108. Scorpio Tankers (NYSE: STNG) was downgraded to Underperform from Buy at Bank of America, which cut the target price to $78 from $100. Trade Desk (NASDAQ: TTD) was downgraded to Sell from Neutral at Arete, with an $11.60 target price. Initiations: Cerebras Systems (NASDAQ: CBRS) was started with a Hold rating at Freedom Capital, with a $209 target price. Klarna Group (NYSE: KLAR) was started with a Market Perform rating at Citizens, without a target price. MKS (NASDAQ: MKSI) was initiated with an Outperform rating at BMO Capital, with a $453 target price. Rocket Companies (NYSE: RKT) was initiated with a Buy rating at Benchmark, with a $21 target price.
Visa (NYSE: V) was initiated with an Overweight rating at Piper Sandler, with a $394 target price objective for the credit card giant. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Google didn't make the cut. Grab the names FREE today.
On June 26, 2026, MKS Inc (MKSI) shares fell 5.3% to a current price of $388.61. The stock has experienced a range of price movements in the past 52 weeks, with
MKS (MKSI) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
ANDOVER, Mass., June 25, 2026 (GLOBE NEWSWIRE) -- MKS Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, today announced the expansion of its Atotech equipment manufacturing site in Guangzhou, China.
With an investment of USD 25 million, the expansion will add approximately 323,000 square feet of manufacturing and operations space and is expected to double the site’s production capacity upon completion, which is targeted for the fourth quarter of 2027.
This investment reinforces MKS’ ongoing commitment to customers across Asia, where localized manufacturing, speed, and responsiveness are increasingly critical. The expansion is driven by sustained growth in AI-related markets — particularly in semiconductor, advanced packaging, and advanced PCB applications — where customers demand greater scale, faster turnaround, and closer technical collaboration.
The new facility expansion is designed to integrate seamlessly with existing operations, enhancing capabilities across production, final assembly, logistics, and testing and validation. Beyond increased manufacturing capacity, the site will continue to support R&D activities, while strengthening global technology collaboration with customers and original equipment manufacturers.
To support more sustainable operations, the facility will incorporate a photovoltaic power system designed to supply a significant portion of its daytime electricity demand, contributing to improved energy efficiency and long-term sustainable growth.
“Expanding our operations in Asia strengthens our ability to support customers in one of the world’s most dynamic electronics manufacturing hubs,” said Dave Henry, Executive Vice President, Global Strategic Marketing and General Manager, Materials Solutions Division. “By increasing capacity, enhancing operational efficiency, and advancing innovation, we are improving responsiveness to customer demand while building a strong foundation to support the next wave of AI-driven growth globally.”
“This expansion reinforces Guangzhou’s strategic role within our global manufacturing network,” said Tassilo Thuene, Vice President and General Manager, Equipment Business, Materials Solutions Division. “With added capacity, enhanced testing and validation capabilities, and greater operational flexibility, we are well positioned to meet evolving customer requirements and enable the next wave of innovation in advanced electronics and AI-related applications.”
The expanded facility is designed to streamline production flows, reduce complexity, shorten lead times, and improve delivery reliability. Once fully ramped, the site is expected to generate significant additional annual output, further strengthening MKS’ position in high-growth electronics markets.
About MKS Inc.
MKS Inc. (NASDAQ: MKSI) enables technologies that transform our world. We deliver foundational technology solutions to leading edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications. We apply our broad science and engineering capabilities to create instruments, subsystems, systems, process control solutions and specialty chemicals technology that improve process performance, optimize productivity and enable unique innovations for many of the world’s leading technology and industrial companies. Our solutions are critical to addressing the challenges of miniaturization and complexity in advanced device manufacturing by enabling increased power, speed, feature enhancement, and optimized connectivity. Our solutions are also critical to addressing ever-increasing performance requirements across a wide array of specialty industrial applications. Additional information can be found at www.mks.com.
About the Atotech Brand
Atotech, a brand within the Materials Solutions Division of MKS, develops leading process and manufacturing technologies for advanced surface modification, electroless and electrolytic plating, and surface finishing. Applying a comprehensive systems-and-solutions approach, the Atotech portfolio includes chemistry, equipment, software, and services for innovative and high-technology applications. These solutions are used in a wide variety of end-markets, including datacenter, consumer electronics and communications infrastructure, as well as in numerous industrial and consumer applications such as automotive, heavy machinery, and household appliances.
With its well-established innovative strength and industry-leading global TechCenter network, MKS delivers pioneering solutions through its Atotech brand – combined with unparalleled on-site support for customers worldwide. For more information, please visit us at atotech.com.
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding MKS’ manufacturing and operations expansion plans, expected production capacity and output, ability to support customer needs, and anticipated demand and growth opportunities in high-growth electronics markets. Any statements that are not statements of historical fact should be considered to be forward-looking statements. Actual events or results may differ materially from those in the forward-looking statements set forth herein, including as a result of the factors described in MKS’ Annual Report on Form 10-K for the year ended December 31, 2025 and any subsequent Quarterly Reports on Form 10-Q, as filed with the U.S. Securities and Exchange Commission. MKS is under no obligation to, and expressly disclaims any obligation to, update or alter these forward-looking statements, whether as a result of new information, future events or otherwise after the date of this press release.
ANDOVER, Mass. and KUALA LUMPUR, Malaysia, June 22, 2026 (GLOBE NEWSWIRE) -- MKS Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, has opened its MKS Supercenter Factory in Penang, Malaysia. Located on a 17-acre site with approximately 350,000 square feet of built-up space, the facility will support the growing global demand for wafer fabrication equipment. Developed in multiple phases, the project’s first phase is now complete. Upon completion of all phases, the Super Centre Factory is expected to create more than 1,000 jobs and will represent a strategic investment of over RM400 million, reinforcing Malaysia’s position as a preferred destination for high-value, technology-driven investments, aligned with the aspirations of the New Industrial Master Plan (NIMP) 2030.
The grand opening ceremony was officiated by YAB Dato’ Seri Anwar bin Ibrahim, Prime Minister of Malaysia, and attended by representatives from the Malaysian Investment Development Authority (MIDA), InvestPenang and other relevant government agencies. The milestone underscores Malaysia’s growing role as a hub for advanced manufacturing and semiconductor innovation.
YAB Tuan Chow Kon Yeow, Chief Minister of Penang, added, “MKS’s Supercenter Factory represents a significant milestone in Penang’s continued evolution as a global hub for advanced manufacturing and semiconductor innovation, aligning with the New Industrial Master Plan (NIMP) 2030 and the National Semiconductor Strategy (NSS). This also underscores the state’s strong value proposition — from a highly skilled talent pool to a well-established industrial ecosystem and robust infrastructure that supports high-tech manufacturing.” He added, “MKS's presence here complements our ambition to move further up the semiconductor value chain, and we are proud to support the company's continued growth in Penang.”
Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer (CEO) of MIDA, emphasised, “MKS’ investment reflects the growing shift towards higher-value manufacturing and technology-driven activities in Malaysia. The M&E industry recorded RM3.5 billion in approved investments in the first quarter of 2026, reaffirming its position as a cornerstone of Malaysia’s manufacturing landscape. Beyond its scale, this project will deepen domestic supply chain capabilities, strengthen industry-academia collaboration in talent development and create greater opportunities for Malaysian companies to participate in higher-value activities. In line with the aspirations of the NIMP 2030, investments such as this are instrumental in generating quality jobs, accelerating industrial upgrading and delivering broader economic benefits for the people.”
“MKS’ Supercenter Factory represents a significant milestone in Penang’s continued evolution as a global hub for advanced manufacturing and semiconductor innovation,” said Dato’ Loo Lee Lian, CEO of InvestPenang. “This investment underscores the state’s strong value proposition — from a highly skilled talent pool to a well-established industrial ecosystem and robust infrastructure. We are proud to support MKS in this journey and look forward to the long-term economic and technological benefits this facility will bring to Penang and Malaysia.”
“The opening of our Super Centre Factory in Penang reflects the strength of Malaysia’s industrial ecosystem, the depth of local talent, and our shared commitment to innovation,” said John T.C. Lee, President and CEO of MKS. “This new facility brings us closer to our customers and partners, enhancing our ability to deliver advanced semiconductor manufacturing solutions while contributing to progress across the global value chain. We are deeply appreciative of the continued support from MIDA and the Malaysian government throughout our investment journey.”
The grand opening celebration featured highlights of the project and technology, and recognised the strong partnership between MKS, MIDA and InvestPenang. The investment reinforces Malaysia’s strategic role in the global semiconductor ecosystem while supporting supply chain resilience, advanced manufacturing capabilities and long-term industrial growth.
About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA partners with investors at every stage of their journey, supporting sustainable growth and long-term value creation for Malaysia. For more information, please visit www.mida.gov.my and follow MIDA on X, Instagram, Facebook, LinkedIn, TikTok and YouTube.
About InvestPenang
InvestPenang is the Penang State Government’s principal agency for the promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realise its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention), Global Business Services (GBS) Focus Group (promoting and developing digital economy), Penang Silicon Design @5km+ (establishing a unique and interconnected ecosystem for IC design and technology enterprises), and Penang ATE Campus (accelerating the co‑development, qualification, and scaling of Malaysian ATE solutions by enabling first-customer deployment). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn; WhatsApp Channel and TikTok.
About MKS Inc.
MKS Inc. (NASDAQ: MKSI) enables technologies that transform our world. We deliver foundational technology solutions to leading edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications. We apply our broad science and engineering capabilities to create instruments, subsystems, systems, process control solutions and specialty chemicals technology that improve process performance, optimize productivity and enable unique innovations for many of the world’s leading technology and industrial companies. Our solutions are critical to addressing the challenges of miniaturization and complexity in advanced device manufacturing by enabling increased power, speed, feature enhancement, and optimized connectivity. Our solutions are also critical to addressing ever-increasing performance requirements across a wide array of specialty industrial applications. Additional information can be found at www.mks.com.
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding the expected job creation from MKS’ Super Center Factory and the amount of MKS’ strategic investment in the Super Center Factory. Any statements that are not statements of historical fact should be considered to be forward-looking statements. Actual events or results may differ materially from those in the forward-looking statements set forth herein, including as a result of the factors described in MKS’ Annual Report on Form 10-K for the year ended December 31, 2025 and any subsequent Quarterly Reports on Form 10-Q, as filed with the U.S. Securities and Exchange Commission. MKS is under no obligation to, and expressly disclaims any obligation to, update or alter these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release.
For more information, please contact:
MKS Inc.
Mr. Bill Casey
Vice President, Marketing
Email: [email protected]
Tel.: +1 630 995 6384
Guests of Honor at the MKS Inc. Super Center Factory Grand Opening
Left to right: Mr. Jim Schreiner, EVP and COO, MKS Inc.; Ms. Zuaida Abdullah, Deputy CEO Malaysian Investment Development Authority; YB Tuan Sim Tze Tzin, Deputy Minister of Malaysia Investment, Trade and Industry; YAB Tuan Chow Kon Yeow, Chief Minister of Penang; YAB Dato' Seri Utama Anwar bin Ibrahim, Prime Minister of Malaysia; Mr. John T.C. Lee, President and CEO, MKS Inc.; Mr. David Gamble, Chargé d’Affaires at U.S. Embassy Kuala Lumpur
Official Opening on Stage
Left to right: Mr. David Gamble, Chargé d’Affaires at U.S. Embassy Kuala Lumpur; YB Tuan Sim Tze Tzin, Deputy Minister of Malaysia Investment, Trade and Industry; YAB Tuan Chow Kon Yeow, Chief Minister of Penang; YAB Dato' Seri Utama Anwar bin Ibrahim, Prime Minister of Malaysia; Mr. John T.C. Lee, President and CEO, MKS Inc.; Ms. Zuaida Abdullah, Deputy CEO Malaysian Investment Development Authority; Mr. Jim Schreiner, EVP and COO, MKS Inc.
YAB Dato' Seri Utama Anwar bin Ibrahim, Prime Minister of Malaysia congratulates Mr. John T.C. Lee, President and CEO of MKS Inc.
Left to right: Mr. David Gamble, Chargé d’Affaires at U.S. Embassy Kuala Lumpur; YB Tuan Sim Tze Tzin, Deputy Minister of Malaysia Investment, Trade and Industry; YAB Tuan Chow Kon Yeow, Chief Minister of Penang; YAB Dato' Seri Utama Anwar bin Ibrahim, Prime Minister of Malaysia; Mr. John T.C. Lee, President and CEO, MKS Inc.; Ms. Zuaida Abdullah, Deputy CEO Malaysian Investment Development Authority; Mr. Jim Schreiner, EVP and COO, MKS Inc.
Ribbon Cutting at MKS Inc. Super Center Factory Grand Opening
Left to right: Dato’ Loo Lee Lian, CEO, InvestPenang; YB Dato’ Dr. Mohamad bin Abdul Hamid, Deputy Chief Minister of Penang; Mr. Jim Schreiner, EVP and COO, MKS Inc.; YB Tuan Sim Tze Tzin, Deputy Minister of Malaysia Investment, Trade and Industry; YAB Tuan Chow Kon Yeow, Chief Minister of Penang; YAB Dato' Seri Utama Anwar bin Ibrahim, Prime Minister of Malaysia; Mr. John T.C. Lee, President and CEO, MKS Inc.; Mr. David Gamble, Chargé d’Affaires at U.S. Embassy Kuala Lumpur; Ms. Zuaida Abdullah, Deputy CEO Malaysian Investment Development Authority; YB Goh Choon Aik, Bukit Tambun Assemblyman
YAB Dato' Seri Utama Anwar bin Ibrahim, Prime Minister of Malaysia arrives at MKS Inc. Super Center factory grand opening in Penang
Left to right: Mr. David Gamble, Chargé d’Affaires at U.S. Embassy Kuala Lumpur; YB Tuan Sim Tze Tzin, Deputy Minister of Malaysia Investment, Trade and Industry; YAB Tuan Chow Kon Yeow, Chief Minister of Penang; YAB Dato' Seri Utama Anwar bin Ibrahim, Prime Minister of Malaysia; Mr. John T.C. Lee, President and CEO, MKS Inc.; Ms. Zuaida Abdullah, Deputy CEO Malaysian Investment Development Authority; Mr. Jim Schreiner, EVP and COO, MKS Inc.
Photos accompanying this announcement are available at:
MKS (MKSI - Free Report) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.
The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this maker of analysis and processing equipment for semiconductor companies, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- is principally built on this insight.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
For MKS, there has been strong agreement among the covering analysts in raising earnings estimates, which has helped push consensus estimates considerably higher for the next quarter and full year.
The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:
12 Month EPS
Current-Quarter Estimate RevisionsFor the current quarter, the company is expected to earn $2.92 per share, which is a change of +65.0% from the year-ago reported number.
Over the last 30 days, one estimate has moved higher for MKS compared to no negative revisions. As a result, the Zacks Consensus Estimate has increased 5.83%.
Current-Year Estimate RevisionsFor the full year, the company is expected to earn $11.73 per share, representing a year-over-year change of +48.9%.
In terms of estimate revisions, the trend for the current year also appears quite encouraging for MKS. Over the past month, three estimates have moved higher compared to no negative revisions, helping the consensus estimate increase 5.34%.
Favorable Zacks RankThanks to promising estimate revisions, MKS currently carries a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom LineInvestors have been betting on MKS because of its solid estimate revisions, as evident from the stock's 24.6% gain over the past four weeks. As its earnings growth prospects might push the stock higher, you may consider adding it to your portfolio right away.
ANDOVER, Mass., April 13, 2026 (GLOBE NEWSWIRE) -- MKS Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, today announced that the Company will release first quarter 2026 financial results after market close on Wednesday, May 6, 2026.
A conference call with management will be held on Thursday, May 7, 2026 at 8:30 a.m. (Eastern Time). A live and archived webcast of the call can be accessed on the company’s website at https://investor.mks.com/, or by registering as a Participant by clicking here. We encourage participants to register at least 15 minutes prior to the start of the call.
About MKS Inc.
MKS Inc. (NASDAQ: MKSI) enables technologies that transform our world. We deliver foundational technology solutions to leading edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications. We apply our broad science and engineering capabilities to create instruments, subsystems, systems, process control solutions and specialty chemicals technology that improve process performance, optimize productivity and enable unique innovations for many of the world’s leading technology and industrial companies. Our solutions are critical to addressing the challenges of miniaturization and complexity in advanced device manufacturing by enabling increased power, speed, feature enhancement, and optimized connectivity. Our solutions are also critical to addressing ever-increasing performance requirements across a wide array of specialty industrial applications. Additional information can be found at www.mks.com.
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
Subsea 7 (SUBCY - Free Report) : This company, which operates as an engineering, construction and services contractor to the offshore energy industry worldwide, has seen the Zacks Consensus Estimate for its current year earnings increasing 15.4% over the last 60 days.
MKS Inc. (MKSI - Free Report) : This company, which is a global provider of instruments, subsystems and process control solutions that measure, monitor, deliver, analyze, power and control critical parameters of advanced manufacturing processes, has seen the Zacks Consensus Estimate for its current year earnings increasing 9.4% over the last 60 days.
ANI Pharmaceuticals (ANIP - Free Report) : This company, which is a diversified biopharma that develops, manufactures and commercializes therapeutics across Rare Disease, Generics and Brands, has seen the Zacks Consensus Estimate for its current year earnings increasing 9.4% over the last 60 days.
Asahi Kasei (AHKSY - Free Report) : This company, which provides innovative solutions based in chemistry and materials science to a diverse range of markets, has seen the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days.
Autodesk (ADSK - Free Report) : This company, which develops model-based design, engineering and documentation software, has seen the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check out this week’s current list of Best Stocks to Buy Now.
MKS (MKSI - Free Report) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
As such, the Zacks rating upgrade for MKS is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
For MKS, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for MKSThis maker of analysis and processing equipment for semiconductor companies is expected to earn $9.85 per share for the fiscal year ending December 2026, which represents no year-over-year change.
Analysts have been steadily raising their estimates for MKS. Over the past three months, the Zacks Consensus Estimate for the company has increased 16.8%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of MKS to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at MKS (MKSI - Free Report) , which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. MKS currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market? In order to see if MKSI is a promising momentum pick, let's examine some Momentum Style elements to see if this maker of analysis and processing equipment for semiconductor companies holds up.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For MKSI, shares are up 0.86% over the past week while the Zacks Electronics - Miscellaneous Products industry is flat over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 25.9% compares favorably with the industry's 12.98% performance as well.
While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Over the past quarter, shares of MKS have risen 19.36%, and are up 279.29% in the last year. On the other hand, the S&P 500 has only moved 3.87% and 32.07%, respectively.
Investors should also take note of MKSI's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now MKSI is averaging 973,390 shares for the last 20 days..
Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with MKSI.
Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. This revision helped boost MKSI's consensus estimate, increasing from $9.65 to $9.85 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period.
Bottom LineTaking into account all of these elements, it should come as no surprise that MKSI is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep MKS on your short list.
Wall Street analysts forecast that MKS (MKSI - Free Report) will report quarterly earnings of $2.00 per share in its upcoming release, pointing to a year-over-year increase of 17%. It is anticipated that revenues will amount to $1.05 billion, exhibiting an increase of 11.9% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
With that in mind, let's delve into the average projections of some MKS metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Net Revenues- Semiconductor' of $457.11 million. The estimate suggests a change of +10.7% year over year.
The average prediction of analysts places 'Net Revenues- Specialty Industrial' at $285.04 million. The estimate indicates a change of +5.6% from the prior-year quarter.
Analysts' assessment points toward 'Net Revenues- Electronics and Packaging' reaching $307.35 million. The estimate suggests a change of +21.5% year over year.
Analysts forecast 'Net Revenues- Products' to reach $919.15 million. The estimate suggests a change of +12.2% year over year.
The consensus among analysts is that 'Net Revenues- MSD (Materials Solutions Division)' will reach $345.62 million. The estimate suggests a change of +20.4% year over year.
It is projected by analysts that the 'Net Revenues- PSD (Photonics Solutions Division)' will reach $280.48 million. The estimate indicates a change of +6.7% from the prior-year quarter.
The combined assessment of analysts suggests that 'Net Revenues- Services' will likely reach $135.10 million. The estimate points to a change of +15.5% from the year-ago quarter.
Based on the collective assessment of analysts, 'Net Revenues- VSD (Vacuum Solutions Division)' should arrive at $428.16 million. The estimate suggests a change of +10.9% year over year.
View all Key Company Metrics for MKS here>>>
Shares of MKS have experienced a change of +23% in the past month compared to the +9.5% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), MKSI is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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, Mass., May 06, 2026 (GLOBE NEWSWIRE) -- 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 2025Net 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%GAAPFinancial 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-GAAPFinancial 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 millionGross 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 millionGAAP net income of $151 million, plus or minus $21 million and Non-GAAP net earnings of $202 million, plus or minus $21 millionGAAP 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 $0.30Adjusted 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 environment as needed.
Conference Call Details
A conference call with management will be held on Thursday, May 7, 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 the call to ensure a timely connection. A live and archived webcast and related presentation materials will be available on the Investor Relations section of the MKS website.
About MKS Inc.
MKS Inc. (NASDAQ: MKSI) enables technologies that transform our world. We deliver foundational technology solutions to leading edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications. We apply our broad science and engineering capabilities to create instruments, subsystems, systems, process control solutions and specialty chemicals technology that improve process performance, optimize productivity and enable unique innovations for many of the world's leading technology and industrial companies. Our solutions are critical to addressing the challenges of miniaturization and complexity in advanced device manufacturing by enabling increased power, speed, feature enhancement, and optimized connectivity. Our solutions are also critical to addressing ever-increasing performance requirements across a wide array of specialty industrial applications. Additional information can be found at www.mks.com.
Use of Non-GAAP Financial Results
This press release includes financial measures that are not in accordance with U.S. generally accepted accounting principles (“Non-GAAP financial measures”). These Non-GAAP financial measures should be viewed in addition to, and not as a substitute for, MKS’ reported results under U.S. generally accepted accounting principles (“GAAP”), and may be different from Non-GAAP financial measures used by other companies. In addition, these Non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles. MKS management believes the presentation of these Non-GAAP financial measures is useful to investors for comparing prior periods and analyzing ongoing business trends and operating results. For further information regarding these Non-GAAP financial measures, please refer to the tables presenting reconciliations of our Non-GAAP results to our GAAP results and the “Notes on Our Non-GAAP Financial Information” at the end of this press release.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding the future financial performance, business prospects and growth of MKS Inc. (“MKS,” the “Company,” “our,” or “we”). These statements are only predictions based on current assumptions and expectations. Any statements that are not statements of historical fact (including statements containing the words “will,” “projects,” “intends,” “believes,” “plans,” “anticipates,” “expects,” “estimates,” “forecasts,” “continues” and similar expressions) should be considered forward-looking statements. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Among the important factors that could cause actual events to differ materially from those in the forward-looking statements that we make are the level and terms of our substantial indebtedness and our ability to service such debt; risks related to pursuing, completing, and/or failing to realize the benefits of acquisitions and other strategic transactions critical to our growth strategy; risks related to cybersecurity, data privacy and intellectual property; manufacturing and sourcing risks, including supply chain disruptions, component shortages and price increases, the use of limited, sole source and international suppliers, the relocation of manufacturing operations, and product defects; risks associated with doing business internationally, including geopolitical conflicts, trade compliance, trade protection measures, such as import tariffs by the United States and/or retaliatory actions taken by other countries, regulatory restrictions on our products, components or markets, particularly the semiconductor market, and unfavorable currency exchange and tax rate fluctuations; conditions affecting the markets in which we operate, including intense competition, rapid technological and market changes, dependence on new product development, the ability to anticipate and meet customer demand, fluctuations in capital spending in the semiconductor, electronics manufacturing and automotive industries, and fluctuations in sales to our major customers; disruptions or delays from third-party service providers upon which our operations may rely; risks associated with the attraction and retention of key personnel; potential fluctuations in quarterly results; volatility of stock price; risks associated with chemical manufacturing and environmental regulation compliance; risks associated with artificial intelligence (“AI”); financial and legal risk management; and the other important factors described under the heading “Risk Factors” in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission and any subsequent Quarterly Reports on Form 10-Q. MKS is under no obligation to, and expressly disclaims any obligation to, update or alter these forward-looking statements, whether as a result of new information, future events or otherwise, even if subsequent events cause our views to change, after the date of this press release. Amounts reported in this press release are preliminary and subject to finalization prior to the filing of our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026.
MKS Inc.Unaudited Consolidated Statements of Operations(In millions, except per share data) Three Months Ended March 31, December 31, March 31, 2026
2025
2025
Net revenues: Products$954 $907 $819 Services 124 126 117 Total net revenues 1,078 1,033 936 Cost of revenues: Products 514 491 437 Services 57 62 55 Total cost of revenues (exclusive of amortization shown separately below) 571 553 492 Gross profit 507 480 444 Research and development 81 78 70 Selling, general and administrative 190 185 185 Restructuring and other 3 11 16 Legal settlement 3 — — Fees and expenses related to debt activities 18 — 2 Amortization of intangible assets 63 62 60 Income from operations 149 144 111 Interest income (2) (3) (3)Interest expense 45 50 53 Loss on extinguishment of debt 5 2 3 Other (income) expense, net (1) 6 (1)Income before income taxes 102 89 59 Provision (benefit) for income taxes 18 (19) 7 Net income$84 $108 $52 Net income per share: Basic$1.24 $1.60 $0.77 Diluted$1.18 $1.58 $0.77 Cash dividends per common share$0.25 $0.22 $0.22 Weighted average common shares outstanding: Basic 67.4 67.3 67.4 Diluted 71.1 68.0 67.7 MKS Inc.Unaudited Consolidated Balance Sheets(In millions) March 31, December 31, 2026
2025
ASSETS Cash and cash equivalents$569 $675 Trade accounts receivable, net 775 651 Inventories 949 921 Other current assets 252 263 Total current assets 2,545 2,510 Property, plant and equipment, net 795 810 Right-of-use assets 267 270 Goodwill 2,565 2,574 Intangible assets, net 2,065 2,140 Other assets 491 492 Total assets$8,728 $8,796 LIABILITIES AND STOCKHOLDERS' EQUITY Short-term debt$1,398 $51 Accounts payable 448 407 Other current liabilities 445 469 Total current liabilities 2,291 927 Long-term debt, net 2,650 4,150 Non-current deferred taxes 450 474 Non-current accrued compensation 146 149 Non-current lease liabilities 244 246 Other non-current liabilities 136 131 Total liabilities 5,917 6,077 Stockholders' equity: Common stock — — Additional paid-in capital 2,104 2,101 Retained earnings 778 711 Accumulated other comprehensive loss (71) (93)Total stockholders' equity 2,811 2,719 Total liabilities and stockholders' equity$8,728 $8,796 MKS Inc.Unaudited Consolidated Statements of Cash Flows(In millions) Three Months Ended March 31, December 31, March 31, 2026
2025
2025
Cash flows from operating activities: Net income$84 $108 $52 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 85 86 85 Unrealized (gain) loss on foreign currency and derivative instruments — (6) 2 Amortization of debt issuance costs and original issue discounts 4 6 6 Loss on extinguishment of debt 5 2 3 Stock-based compensation 19 8 22 Provision for excess and obsolete inventory 13 8 17 Deferred income taxes (24) (71) (37)Other 1 2 1 Changes in operating assets and liabilities (134) (1) (10)Net cash provided by operating activities 53 142 141 Cash flows from investing activities: Net purchases of investments — 1 — Proceeds from sale of long-lived assets — 1 — Purchases of property, plant and equipment (25) (51) (18)Net cash used in investing activities (25) (49) (18)Cash flows from financing activities: Repurchase of common stock — — (45)Proceeds from borrowings 1,192 — — Payments of borrowings (1,274) (113) (113)Payments of deferred financing fees (22) — — Dividend payments (17) (15) (15)Net (payments) proceeds related to employee stock awards (16) 3 (5)Other financing activities — — (2)Net cash used in financing activities (137) (125) (180)Effect of exchange rate changes on cash and cash equivalents 3 10 (2)Decrease in cash and cash equivalents (106) (22) (59)Cash and cash equivalents at beginning of period 675 697 714 Cash and cash equivalents at end of period$569 $675 $655 The following supplemental Non-GAAP earnings information is presented to aid in understanding MKS’ operating results: MKS Inc.Schedule Reconciling Selected Non-GAAP Financial Measures(In millions, except per share data) Three Months Ended March 31, December 31, March 31, 2026
2025
2025
Net income$84 $108 $52 Restructuring and other 3 11 16 Legal settlement 3 — — Amortization of intangible assets 63 62 60 Loss on extinguishment of debt 5 2 3 Amortization of debt issuance costs 4 5 5 Loss from de-designation of interest rate hedges 2 — — Fees and expenses related to debt activities 18 — 2 Tax effect of Non-GAAP adjustments (23) (20) (22)Non-GAAP net earnings$157 $168 $116 Non-GAAP net earnings per diluted share$2.30 $2.47 $1.71 Weighted average diluted shares outstanding 71.1 68.0 67.7 Convertible debt capped calls 2.9 — — Non-GAAP weighted average diluted shares outstanding 68.2 68.0 67.7 Net cash provided by operating activities$53 $142 $141 Purchases of property, plant and equipment (25) (51) (18)Free cash flow$29 $91 $123 Operating expenses$358 $336 $332 Restructuring and other 3 11 16 Legal settlement 3 — — Amortization of intangible assets 63 62 60 Fees and expenses related to debt activities 18 — 2 Non-GAAP operating expenses$271 $263 $254 Income from operations$149 $144 $111 Operating margin 13.8% 13.9% 11.9%Restructuring and other 3 11 16 Legal settlement 3 — — Amortization of intangible assets 63 62 60 Fees and expenses related to debt activities 18 — 2 Non-GAAP income from operations$235 $217 $189 Non-GAAP operating margin 21.8% 21.0% 20.2%Interest expense, net$43 $47 $50 Amortization of debt issuance costs 4 5 5 Loss from de-designation of interest rate hedges 2 — — Non-GAAP interest expense, net$37 $42 $45 Net income$84 $108 $52 Interest expense, net 43 47 50 Other (income) expense, net (1) 6 (1)Provision (benefit) for income taxes 18 (19) 7 Depreciation 22 24 25 Amortization of intangible assets 63 62 60 Stock-based compensation 19 8 22 Restructuring and other 3 11 16 Legal settlement 3 — — Loss on extinguishment of debt 5 2 3 Fees and expenses related to debt activities 18 — 2 Adjusted EBITDA$277 $249 $236 Adjusted EBITDA margin 25.7% 24.1% 25.2% MKS Inc.Schedule Reconciling Selected Non-GAAP Financial Measures(In millions, except per share data) Three Months Ended March 31, 2026 Three Months Ended December 31, 2025 Income Before Income Taxes
Provision for Income Taxes
Effective Tax Rate Income Before Income Taxes
(Benefit) Provision for Income Taxes Effective Tax RateGAAP$102 $18 17.7% $89 $(19) (20.8%)Restructuring and other 3 — 11 — Legal settlement 3 — — — Amortization of intangible assets 63 — 62 — Loss on extinguishment of debt 5 — 2 — Amortization of debt issuance costs 4 — 5 — Loss from de-designation of interest rate hedges 2 — — — Fees and expenses related to debt activities 18 — — — Tax effect of Non-GAAP adjustments — 23 — 20 Non-GAAP$198 $41 20.9% $169 $1 0.9% Three Months Ended March 31, 2025 Income Before Income Taxes
Provision for Income Taxes Effective Tax RateGAAP $59 $7 12.3%Restructuring and other 16 — Amortization of intangible assets 60 — Loss on extinguishment of debt 3 — Amortization of debt issuance costs 5 — Fees and expenses related to debt activities 2 — Tax effect of Non-GAAP adjustments — 22 Non-GAAP $145 $29 19.9% MKS Inc.
Schedule Reconciling Selected Non-GAAP Financial Measures - Q2’26 Guidance
(In millions, except per share data)
Three Months Ending June 30, 2026
$ Amount Per Share
GAAP net income and net income per share$151 $2.09 Restructuring and other 1 Amortization of intangible assets 61 Loss on extinguishment of debt 3 Amortization of debt issuance costs 3 Tax effect of Non-GAAP adjustments (17) Non-GAAP net earnings and net earnings per share$202 $2.90 Weighted average diluted shares 72.3 Convertible debt capped calls (2.7) Non-GAAP weighted average diluted shares 69.6 GAAP operating expenses$337 Restructuring and other (1) Amortization of intangible assets (61) Non-GAAP operating expenses$275 GAAP net income 151 Interest expense, net 38 Provision for income taxes 35 Depreciation 24 Restructuring and other 1 Amortization of intangible assets 61 Stock-based compensation 15 Loss on extinguishment of debt 3 Adjusted EBITDA$328 MKS Inc.
Notes on Our Non-GAAP Financial Information
Non-GAAP financial measures adjust GAAP financial measures for the items listed below. These Non-GAAP financial measures should be viewed in addition to, and not as a substitute for, MKS’ reported GAAP results, and may be different from Non-GAAP financial measures used by other companies. In addition, these Non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles. MKS management believes the presentation of these Non-GAAP financial measures is useful to investors for comparing prior periods and analyzing ongoing business trends and operating results. Totals presented may not sum and percentages may not recalculate using figures presented due to rounding.
Restructuring and other includes incremental expenses incurred in connection with restructuring programs and other strategic initiatives, primarily related to changes in business and/or cost structure. Such costs may include third-party services, one-time termination benefits, facility-related costs, contract termination fees and other items that have no direct correlation to our future business operations.
Legal settlement includes charges related to the resolution of legal matters.
Amortization of intangible assets includes non-cash amortization expense associated with intangible assets acquired in acquisitions.
Loss on extinguishment of debt includes the non-cash write-off of unamortized debt issuance costs and original issue discount costs incurred from voluntary prepayments, refinancings and/or repricings of our term loan facility.
Amortization of debt issuance costs includes non-cash additional interest expense related to the amortization of debt issuance costs associated with our debt.
Loss from de-designation of interest rate hedges includes a cash loss from the de-designation of certain interest rate hedges in connection with the voluntary prepayment of the USD term loan B.
Fees and expenses related to debt activities includes direct third-party costs related to repricings or refinancings of our term loan facility and the issuance of our €1.0 billion of senior notes due 2034 in February 2026.
Convertible debt capped calls includes the antidilutive impact of the capped call transactions entered into in connection with the issuance of $1.4 billion of convertible senior notes in May 2024. The capped calls are designed to reduce potential dilution to the Company’s common stock and/or offset cash payments in excess of the principal upon conversion of the notes, subject to an initial cap of $237.42 per share (a 100% premium to the May 13, 2024 closing price of $118.71), subject to customary adjustments. Because the capped calls are excluded from GAAP diluted share calculations, GAAP and Non-GAAP diluted share counts will differ.
Tax effect of Non-GAAP adjustments includes the impact of Non-GAAP adjustments that are tax effected at applicable statutory rates resulting in a difference between the GAAP and Non-GAAP tax rates.
MKS (MKSI - Free Report) came out with quarterly earnings of $2.3 per share, beating the Zacks Consensus Estimate of $2 per share. This compares to earnings of $1.71 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +15.21%. A quarter ago, it was expected that this maker of analysis and processing equipment for semiconductor companies would post earnings of $2.51 per share when it actually produced earnings of $2.47, delivering a surprise of -1.59%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
MKS, which belongs to the Zacks Electronics - Miscellaneous Products industry, posted revenues of $1.08 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 2.95%. This compares to year-ago revenues of $936 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
MKS shares have added about 80% since the beginning of the year versus the S&P 500's gain of 6%.
What's Next for MKS?While MKS has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for MKS was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.33 on $1.09 billion in revenues for the coming quarter and $9.89 on $4.48 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Miscellaneous Products is currently in the top 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Dragonfly Energy Holdings Corp. (DFLI - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 14.
This company is expected to post quarterly loss of $0.52 per share in its upcoming report, which represents a year-over-year change of +96.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Dragonfly Energy Holdings Corp.'s revenues are expected to be $9.45 million, down 29.3% from the year-ago quarter.
MKS (MKSI - Free Report) reported $1.08 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 15.2%. EPS of $2.30 for the same period compares to $1.71 a year ago.
The reported revenue represents a surprise of +2.95% over the Zacks Consensus Estimate of $1.05 billion. With the consensus EPS estimate being $2.00, the EPS surprise was +15.21%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how MKS performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Revenues- Semiconductor: $466 million versus the three-analyst average estimate of $457.11 million. The reported number represents a year-over-year change of +12.8%.Net Revenues- Specialty Industrial: $291 million versus the three-analyst average estimate of $285.04 million. The reported number represents a year-over-year change of +7.8%.Net Revenues- Electronics and Packaging: $321 million versus the three-analyst average estimate of $307.35 million. The reported number represents a year-over-year change of +26.9%.Net Revenues- Products: $954 million versus the two-analyst average estimate of $919.15 million. The reported number represents a year-over-year change of +16.5%.Net Revenues- MSD (Materials Solutions Division): $350 million versus $345.62 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +22% change.Net Revenues- PSD (Photonics Solutions Division): $303 million versus the two-analyst average estimate of $280.48 million. The reported number represents a year-over-year change of +15.2%.Net Revenues- Services: $124 million versus $135.1 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6% change.Net Revenues- VSD (Vacuum Solutions Division): $425 million versus $428.16 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +10.1% change.View all Key Company Metrics for MKS here>>>
Shares of MKS have returned +14.8% over the past month versus the Zacks S&P 500 composite's +11.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Key Takeaways MKSI Q1 earnings jumped 34.5% Y/Y to $2.30 per share, beating the consensus estimate. MKS reported 15.2% revenue growth, driven by AI-linked semiconductor demand and packaging gains. MKSI guided Q2 revenues of $1.20B and projected non-GAAP EPS of $2.90 per share. MKS Inc.’s (MKSI - Free Report) first-quarter 2026 non-GAAP earnings of $2.30 per share increased 34.5% year over year. The figure surpassed the Zacks Consensus Estimate by 15.21%.
Revenues came in at $1.08 billion, rising 15.2% from the year-ago quarter and beating the Zacks Consensus Estimate by 2.95%. Strength was supported by broad-based demand tied to AI-related investment.
Product revenues (88.5% of total revenues) totaled $954 million, up 16.5% year over year. Services revenues (11.5% of total revenues) increased 6% year over year to $124 million.
Shares of the company rallied 8.38% while writing this blog.
MKSI Q1 Top-Line DetailsSemiconductor end-market revenues totaled $466 million (43.2% of total revenues), increasing 13% year over year, with management citing broad-based growth across products aimed at DRAM, NAND and foundry/logic applications. The company also pointed to sequential improvement in power solutions as NAND equipment upgrades increased.
Electronics & Packaging revenues rose 27% year over year to $321 million, and contributed 29.8% of total revenue in the reported quarter. The company attributed the performance to strength in flexible PCB drilling systems supported by consumer electronics seasonality, along with solid results in chemistry and chemistry equipment.
Specialty Industrial revenues increased 8% from the prior-year period to $291 million and contributed 27% of total revenues, even as results reflected a sequential dip tied largely to Lunar New Year seasonality. The company cited year-over-year strength, driven by datacom and defense markets.
MKSI’s Q1 Operating DetailsIn the first quarter of 2026, gross margin contracted 40 basis points (bps) on a year-over-year basis to 47%.
Adjusted EBITDA increased 17.4% year over year to $277 million. Adjusted EBITDA margin expanded 50 bps year over year to 25.7%.
Non-GAAP operating expenses were $271 million, and the company flagged higher R&D investment and a seasonal lift in stock-based compensation as key contributors to spending levels.
On a non-GAAP basis, operating margin expanded 160 bps to 21.8% from 20.2% a year ago, reflecting revenue growth and operating leverage.
MKSI’s Balance SheetAs of March 31, 2026, MKS Instruments had cash and cash equivalents of $569 million compared with $675 million as of Dec. 31, 2025.
As of March 31, 2026, long-term debt totaled $2.65 billion.
Cash flow from operations was $53 million in the first quarter of 2026 compared with $142 million in the previous quarter.
The free cash flow was $29 million compared with $91 million in the first quarter of 2025.
MKS anticipates a gross margin of 47% (+/- 1%). The company expects an adjusted EBITDA of $328 million (+/- 26 million).
On a non-GAAP basis, MKSI expects earnings of $2.90 (+/- 30 cents) per share.
MKSI Zacks Rank & Other Stocks to ConsiderMKSI currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader Zacks Computer and Technology sector include Analog Devices (ADI - Free Report) , Applied Materials (AMAT - Free Report) and Audioeye (AEYE - Free Report) . Each stock currently carries a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Analog Devices have gained 53.3% in the year-to-date period. Analog Devices is set to report the second quarter of fiscal 2026 results on May 20.
Applied Materials shares have gained 66.8% in the year-to-date period. Applied Materials is scheduled to report its second-quarter 2026 results on May 14.
Audioeye shares have lost 23.3% in the year-to-date period. Audioeye is set to report its first-quarter 2026 results on May 13.
Church & Dwight (NYSE:CHD) Director Robert Shearer Sells 8,600 SharesChurch & Dwight Co., Inc. (NYSE:CHD - Get Free Report) Director Robert Shearer sold 8,600 shares of the business's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $97.97, for a total transaction of $842,542.00. Following the completion of the sale, the director directly owned 30,678 shares in the company, valued at $3,005,523.66. This trade represents a 21.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
ANDOVER, Mass., May 11, 2026 (GLOBE NEWSWIRE) -- MKS Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, today announced that John T.C. Lee, President and Chief Executive Officer, will participate in a fireside chat at JP Morgan’s Global Technology, Media & Communications Conference on Monday, May 18, 2026 at 8:25 a.m. EDT.
A live webcast of the session will be available in the Investor Relations section of the company's website at https://investor.mksinst.com/events-and-presentations and a replay of the event will be available for a limited time thereafter.
About MKS Inc.
MKS Inc. (NASDAQ: MKSI) enables technologies that transform our world. We deliver foundational technology solutions to leading edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications. We apply our broad science and engineering capabilities to create instruments, subsystems, systems, process control solutions and specialty chemicals technology that improve process performance, optimize productivity and enable unique innovations for many of the world’s leading technology and industrial companies. Our solutions are critical to addressing the challenges of miniaturization and complexity in advanced device manufacturing by enabling increased power, speed, feature enhancement, and optimized connectivity. Our solutions are also critical to addressing ever-increasing performance requirements across a wide array of specialty industrial applications. Additional information can be found at www.mks.com.
ANDOVER, Mass., May 12, 2026 (GLOBE NEWSWIRE) -- MKS Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, today announced that its Board of Directors has authorized a quarterly cash dividend of $0.25 per share, payable on June 12, 2026, to shareholders of record as of June 3, 2026.
Future dividend declarations, as well as the record and payment dates for such dividends, are subject to the final determination of the Company's Board of Directors.
About MKS Inc.
MKS Inc. (NASDAQ: MKSI) enables technologies that transform our world. We deliver foundational technology solutions to leading edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications. We apply our broad science and engineering capabilities to create instruments, subsystems, systems, process control solutions and specialty chemicals technology that improve process performance, optimize productivity and enable unique innovations for many of the world’s leading technology and industrial companies. Our solutions are critical to addressing the challenges of miniaturization and complexity in advanced device manufacturing by enabling increased power, speed, feature enhancement, and optimized connectivity. Our solutions are also critical to addressing ever-increasing performance requirements across a wide array of specialty industrial applications. Additional information can be found at www.mks.com.
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding MKS’ dividend program and any future dividend payment obligations. Any statements that are not statements of historical fact should be considered to be forward-looking statements. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Among the important factors that could cause actual events to differ materially from those in the forward-looking statements are cash available for distribution, the then current and expected needs and availability of cash to pay MKS’ obligations, and the other factors described in MKS’ Annual Report on Form 10-K for the year ended December 31, 2025 and any subsequent Quarterly Reports on Form 10-Q, as filed with the U.S. Securities and Exchange Commission. MKS is under no obligation to, and expressly disclaims any obligation to, update or alter these forward-looking statements, whether as a result of new information, future events or otherwise after the date of this press release.
MKS (MKSI - Free Report) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.
The upward trend in estimate revisions for this maker of analysis and processing equipment for semiconductor companies reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- has this insight at its core.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
For MKS, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year.
The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:
12 Month EPS
Current-Quarter Estimate RevisionsThe company is expected to earn $2.71 per share for the current quarter, which represents a year-over-year change of +53.1%.
The Zacks Consensus Estimate for MKS has increased 26.24% over the last 30 days, as three estimates have gone higher compared to no negative revisions.
Current-Year Estimate RevisionsThe company is expected to earn $11.05 per share for the full year, which represents a change of +40.2% from the prior-year number.
There has been an encouraging trend in estimate revisions for the current year as well. Over the past month, six estimates have moved up for MKS versus no negative revisions. This has pushed the consensus estimate 12.22% higher.
Favorable Zacks RankThanks to promising estimate revisions, MKS currently carries a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom LineMKS shares have added 17% over the past four weeks, suggesting that investors are betting on its impressive estimate revisions. So, you may consider adding it to your portfolio right away to benefit from its earnings growth prospects.
Did you analyze how MKS (MKSI - Free Report) fared in its international operations for the quarter ending March 2026? Given the widespread global presence of this maker of analysis and processing equipment for semiconductor companies, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.
In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and trajectory of growth. For investors, the key is to grasp how reliant a company is on overseas markets, as this provides insights into the durability of its earnings, its ability to exploit different economic cycles, and its overall growth capabilities.
Presence in international markets can act as a hedge against domestic economic downturns and provide access to faster-growing economies. However, this diversification also brings complexities due to currency fluctuations, geopolitical risks and differing market dynamics.
While analyzing MKSI's performance for the last quarter, we found some intriguing trends in revenues from its overseas segments that Wall Street analysts commonly model and monitor.
For the quarter, the company's total revenue amounted to $1.08 billion, experiencing an increase of 15.2% year over year. Next, we'll explore the breakdown of MKSI's international revenue to understand the importance of its overseas business operations.
Trends in MKSI's Revenue from International MarketsOf the total revenue, $62 million came from Taiwan during the last fiscal quarter, accounting for 5.8%. This represented a surprise of -10.07% as analysts had expected the region to contribute $68.94 million to the total revenue. In comparison, the region contributed $64 million, or 6.2%, and $60 million, or 6.4%, to total revenue in the previous and year-ago quarters, respectively.
Other International accounted for 21.3% of the company's total revenue during the quarter, translating to $230 million. Revenues from this region represented a surprise of -16.13%, with Wall Street analysts collectively expecting $274.23 million. When compared to the preceding quarter and the same quarter in the previous year, Other International contributed $276 million (26.7%) and $246 million (26.3%) to the total revenue, respectively.
China generated $252 million in revenues for the company in the last quarter, constituting 23.4% of the total. This represented a surprise of +2.22% compared to the $246.53 million projected by Wall Street analysts. Comparatively, in the previous quarter, China accounted for $257 million (24.9%), and in the year-ago quarter, it contributed $219 million (23.4%) to the total revenue.
During the quarter, Singapore contributed $73 million in revenue, making up 6.8% of the total revenue. When compared to the consensus estimate of $70.06 million, this meant a surprise of +4.2%. Looking back, Singapore contributed $70 million, or 6.8%, in the previous quarter, and $63 million, or 6.7%, in the same quarter of the previous year.
During the quarter, Japan contributed $67 million in revenue, making up 6.2% of the total revenue. When compared to the consensus estimate of $63.79 million, this meant a surprise of +5.03%. Looking back, Japan contributed $57 million, or 5.5%, in the previous quarter, and $68 million, or 7.3%, in the same quarter of the previous year.
Revenue Projections for Overseas MarketsIt is projected by analysts on Wall Street that MKS will post revenues of $1.2 billion for the ongoing fiscal quarter, an increase of 23.7% from the year-ago quarter. The expected contributions from Taiwan, Other International, China, Singapore and Japan to this revenue are 5.9%, 23.3%, 21%, 5.9%, and 5.2%, translating into $70.9 million, $279.94 million, $252.28 million, $71.47 million, and $62.06 million, respectively.
For the entire year, the company's total revenue is forecasted to be $4.73 billion, which is an improvement of 20.5% from the previous year. The revenue contributions from different regions are expected as follows: Taiwan will contribute 6.1% ($290.2 million), Other International 24.5% ($1.16 billion)China 22.1% ($1.05 billion)Singapore 6.4% ($301.2 million) and Japan 5.3% ($249.59 million) to the total revenue.
Final ThoughtsRelying on international markets for revenues, MKS faces both prospects and perils. Thus, tracking the company's international revenue trends is essential for accurately projecting its future trajectory.
In an era of growing international ties and escalating geopolitical disputes, financial analysts on Wall Street pay keen attention to these developments to fine-tune their earnings estimations for businesses operating across borders. It's important to note, however, that a range of additional variables, like a company's local market status, also play a crucial role in shaping these forecasts.
At Zacks, a company's changing earnings outlook is given considerable attention due to its proven, strong influence on a stock's price performance in the near term. The connection here is straightforward and positive: when earnings estimates are revised upward, the stock price generally follows suit, increasing as well.
Our proprietary stock rating tool, the Zacks Rank, with its externally validated exceptional track record, harnesses the power of earnings estimate revisions to serve as a dependable measure for anticipating the short-term price trends of stocks.
At present, MKS holds a Zacks Rank #1 (Strong Buy). This ranking implies that its near-term performance might beat the overall market movement. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Assessing MKS' Stock Price Movement in Recent TimesThe stock has witnessed an increase of 13.7% over the past month versus the Zacks S&P 500 composite's an increase of 8.8%. In the same interval, the Zacks Computer and Technology sector, to which MKS belongs, has registered no change. Over the past three months, the company's shares saw an increase of 18.6%, while the S&P 500 increased by 7.1%. In comparison, the sector experienced no change during this timeframe.
MKSI Inc. delivered a Q1 FY2026 earnings beat, with revenue up 15% YoY and EPS up 35%, maintaining a Buy rating. Management indicated WFE spend potentially rising to $170-180 billion for 2027, positioning MKSI for significant upside as a key subsystem supplier. A new $100 million, 500,000 sq. ft. facility in Malaysia will expand capacity by June 2026, supporting long-term growth and customer alignment.
It has been about a month since the last earnings report for MKS (MKSI - Free Report) . Shares have added about 9.8% in that time frame, outperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is MKS due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for MKS Inc. before we dive into how investors and analysts have reacted as of late.
MKSI Q1 Earnings Beat Estimates, Revenue Increase Y/YMKS Inc.’s first-quarter 2026 non-GAAP earnings of $2.30 per share increased 34.5% year over year. The figure surpassed the Zacks Consensus Estimate by 15.21%.
Revenues came in at $1.08 billion, rising 15.2% from the year-ago quarter and beating the Zacks Consensus Estimate by 2.95%. Strength was supported by broad-based demand tied to AI-related investment.
Product revenues (88.5% of total revenues) totaled $954 million, up 16.5% year over year. Services revenues (11.5% of total revenues) increased 6% year over year to $124 million.
MKSI Q1 Top-Line DetailsSemiconductor end-market revenues totaled $466 million (43.2% of total revenues), increasing 13% year over year, with management citing broad-based growth across products aimed at DRAM, NAND and foundry/logic applications. The company also pointed to sequential improvement in power solutions as NAND equipment upgrades increased.
Electronics & Packaging revenues rose 27% year over year to $321 million, and contributed 29.8% of total revenue in the reported quarter. The company attributed the performance to strength in flexible PCB drilling systems supported by consumer electronics seasonality, along with solid results in chemistry and chemistry equipment.
Specialty Industrial revenues increased 8% from the prior-year period to $291 million and contributed 27% of total revenues, even as results reflected a sequential dip tied largely to Lunar New Year seasonality. The company cited year-over-year strength, driven by datacom and defense markets.
MKSI’s Q1 Operating DetailsIn the first quarter of 2026, gross margin contracted 40 basis points (bps) on a year-over-year basis to 47%.
Adjusted EBITDA increased 17.4% year over year to $277 million. Adjusted EBITDA margin expanded 50 bps year over year to 25.7%.
Non-GAAP operating expenses were $271 million, and the company flagged higher R&D investment and a seasonal lift in stock-based compensation as key contributors to spending levels.
On a non-GAAP basis, operating margin expanded 160 bps to 21.8% from 20.2% a year ago, reflecting revenue growth and operating leverage.
MKSI’s Balance SheetAs of March 31, 2026, MKS Instruments had cash and cash equivalents of $569 million compared with $675 million as of Dec. 31, 2025.
As of March 31, 2026, long-term debt totaled $2.65 billion.
Cash flow from operations was $53 million in the first quarter of 2026 compared with $142 million in the previous quarter.
The free cash flow was $29 million compared with $91 million in the first quarter of 2025.
MKS anticipates a gross margin of 47% (+/- 1%). The company expects an adjusted EBITDA of $328 million (+/- 26 million).
On a non-GAAP basis, MKSI expects earnings of $2.90 (+/- 30 cents) per share.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates revision.
The consensus estimate has shifted 25.39% due to these changes.
VGM ScoresAt this time, MKS has a subpar Growth Score of D, though it is lagging a bit on the Momentum Score front with an F. Charting a somewhat similar path, the stock was allocated a score of D on the value side, putting it in the bottom 40% for value investors.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise MKS has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months.
Performance of an Industry PlayerMKS is part of the Zacks Electronics - Miscellaneous Products industry. Over the past month, Teradyne (TER - Free Report) , a stock from the same industry, has gained 14.9%. The company reported its results for the quarter ended March 2026 more than a month ago.
Teradyne reported revenues of $1.28 billion in the last reported quarter, representing a year-over-year change of +87%. EPS of $2.56 for the same period compares with $0.75 a year ago.
Teradyne is expected to post earnings of $1.99 per share for the current quarter, representing a year-over-year change of +249.1%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
Teradyne has a Zacks Rank #1 (Strong Buy) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of F.
