MKS stock posts record revenue and raises fourth-quarter outlook

Published on 11/05/2026 at 03:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MKS stock follows record third-quarter results and a stronger outlook. Management expects revenue growth to continue into the final quarter of 2026.

Record quarter lifts outlook

MKS Inc. reported third-quarter revenue above the high end of its guidance.
Semiconductor and Electronics & Packaging revenue led the expansion across the company's end markets.
Management expects another strong quarter and has scheduled its earnings call for November 5.

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MKS Inc. reported record third-quarter results on Wednesday, November 4, 2026, with revenue and adjusted earnings above the high end of its guidance. The company also issued fourth-quarter targets that point to continued momentum, according to its earnings release.

Record revenue sets new benchmark

MKS generated USD 1.413 billion in third-quarter revenue, compared with USD 988 million a year earlier. Semiconductor revenue rose 54 percent year over year to USD 638 million, while Electronics & Packaging revenue increased 43 percent to USD 415 million. Specialty Industrial revenue reached USD 360 million.

GAAP net income rose to USD 236 million from USD 74 million in the prior-year quarter, while diluted GAAP earnings per share reached USD 3.26. Adjusted EBITDA was USD 434 million, and non-GAAP diluted earnings per share came to USD 4.18, up from USD 1.93 a year earlier. The company said revenue in each end market was at or above the high end of its previous guidance.

Management targets stronger finish

For the fourth quarter, MKS expects revenue of USD 1.490 billion, plus or minus USD 40 million. The forecast includes a gross margin of 47.5 percent, plus or minus one percentage point, and non-GAAP diluted earnings per share of USD 5.00, plus or minus USD 0.38. The outlook excludes the effect of the pending sale of the Ophir Optics business and incorporates the current tariff environment.

MKS also reported USD 292 million of operating cash flow and USD 243 million of free cash flow for the quarter. In November, the company prepaid USD 100 million of principal on its term loan B. Management will discuss the results on Thursday, November 5, at 8:30 a.m. Eastern Time.

The real-time quote of MKS stock traded at 190.13 euros on Lang & Schwarz at 11:00 p.m. CET on Wednesday, November 4, 2026.