AI-extracted from the 10-Q filed 2026-08-06 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
MKS posted record quarterly revenue of $1.25B (+16% QoQ, +28% YoY) with operating margin expanding to 20.1% on broad-based AI-driven semiconductor and electronics demand across all three segments.
Biggest Revenue Drivers
Vacuum Solutions Division (VSD)$507M+19% QoQ
Higher sales of semiconductor capital equipment serving deposition and etch applications, NAND memory production upgrades, and higher service revenues.
Materials Solutions Division (MSD)$400M+14% QoQ
Higher sales of chemistry and chemistry equipment in the electronics and packaging market.
Biggest Revenue Drivers
Total revenue: $1.25B+16% QoQ
Vacuum Solutions Division (VSD)$507M+19% QoQ
Higher sales of semiconductor capital equipment serving deposition and etch applications, NAND memory production upgrades, and higher service revenues.
Materials Solutions Division (MSD)$400M+14% QoQ
Higher sales of chemistry and chemistry equipment in the electronics and packaging market.
Photonics Solutions Division (PSD)$341M+13% QoQ
Higher sales of flexible PCB via drilling systems, lithography/metrology/inspection products, and datacom applications.
Largest Expense Items
Selling, general and administrative$200M+5% QoQ
Increases of $6M in compensation-related costs and $1M in software maintenance costs.
Research and development$76M-6% QoQ
$4M reduction in project material costs and $2M increase in government assistance grants, partially offset by higher compensation costs.
Amortization of intangible assets$62M-2% QoQ
Impact of foreign exchange rates on intangible assets at foreign locations.
Restructuring and other$6M+100% QoQ
Severance costs from a PSD business unit reorganization and the planned closing of a PSD facility in Europe.
Margins: Total gross margin rose 0.6 points QoQ to 47.6%, as product margin gained 1.2 points on higher volumes, lower excess/obsolete inventory charges and lower tariff/duty costs, while service margin fell 4.2 points on unfavorable mix and labor/overhead absorption.
Watch Items from the Filing
The $1.4B Convertible Notes met their Sale Price Condition in Q2 2026 and became convertible at holder option starting Q3 2026, causing short-term debt to jump from $51M to $1,399M.
International net revenues were approximately 82% of total net revenues for the six months ended June 30, 2026, with China alone contributing $292M (23%) of Q2 revenue amid ongoing semiconductor trade restrictions.
Semiconductor market revenue grew to $554M (44% of total) in Q2, which the company attributes to a demand ramp from AI transformation-related investments that it says is difficult to predict in timing or extent.
The company completed a €1.0B 2034 Notes offering and used proceeds plus cash to prepay $1.3B of its USD Tranche B, plus additional $100M voluntary prepayments in May and August 2026, reducing interest expense.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
6 transactions in MKSI reported by 2 members of Congress under the STOCK Act, most recent trade Oct 31, 2025. Reported transactions, not recommendations.
About MKS INC (MKSI): stock profile, AI score and financials
MKS INC (MKSI) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores MKSI at 64.8/100 on a composite quality score built from its SEC filings, placing it at rank #512 of 2,925 stocks — the top 25% of the AI-ranked universe. MKSI scores in the top quartile across revenue scale (76.0). Shareholder dilution risk is elevated at 47.0/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), MKS INC reports quarterly revenue of $1.2B, net income of $175.0M, an operating margin of 20.1%. Top institutional holders of MKSI by reported 13-F value include BlackRock, Invesco Ltd., VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. MKSI trades on the Nasdaq exchange and files with the SEC under CIK 1049502. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MKSI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for MKS INC directly from SEC EDGAR.