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MKS Instruments

MKSI

MKS Inc. is a global provider of foundational technology solutions that enable advanced semiconductor manufacturing, electronics packaging, and specialty industrial applications.

Market cap
$23.6B+237%
Revenue$4.1B+11.5%
Net income$327.0M+43.4%
Free cash flow$402.0M-16.9%
EPS (diluted)$4.79+42.6%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 3 weeks)
Revenue estimate$1.2B
EPS estimate$2.93

Financials

Q1 2026

Income statement

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Revenue$1.1B+15.2%
Gross profit$507.0M+14.2%
Operating income$149.0M+34.2%
Net income$84.0M+61.5%
EPS (diluted)$1.18+53.2%

Balance sheet

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Cash & equivalents$569.0M-13.1%
Total debt$4.0B-9.8%
Total equity$2.8B+19.4%
Total assets$8.7B+2.0%

Cash flow

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Operating cash flow$53.0M-62.4%
CapEx$25.0M+38.9%
Free cash flow$28.0M-77.2%

Valuation & ratios

Valuation

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Market cap$23.6B+237%
Enterprise value$27.08B+151%
P/E72.2×+45.9×
P/S5.8×+3.9×

Profitability

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Gross margin46.7%-0.9pp
Operating margin13.9%+0.1pp
Net margin8%+1.8pp
FCF margin9.9%-3.4pp

Returns & leverage

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Return on equity12.7%+3.1pp
Debt / equity1.4×-0.5×
Current ratio1.1×-2.0×

Segments

By segment

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Vacuum Solutions Division$425.0M+10.1%
Materials Solutions Division$350.0M+22.0%
Photonics Solutions Division$303.0M+15.2%

By product

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Semiconductor$466.0M+12.8%
Electronics And Packaging$321.0M+26.9%
Specialty Industrial$291.0M+7.8%

Competitors

Profile

MKS Inc. is a global provider of foundational technology solutions that enable advanced semiconductor manufacturing, electronics packaging, and specialty industrial applications. The company leverages deep expertise in vacuum technologies, photonics, and specialty chemicals to address challenges in miniaturization and process complexity. Its core value proposition centers on improving process performance and optimizing productivity for leading technology and industrial companies.

Competitive position

MKS is a leading critical subsystem provider in the wafer fabrication equipment ecosystem, addressing over 85% of the market through its Surround the Wafer strategy.

GeographiesUnited States, China, South Korea, Singapore, Taiwan, Japan, Europe
Customer segmentsSemiconductor OEMs, PCB manufacturers, Automotive OEMs, Aerospace and Defense, Healthcare and Life Sciences
Business modelHardware manufacturing, Specialty chemical production, Aftermarket services and repair
SuppliersElectronic component suppliers, Optical and mechanical component manufacturers, Raw chemical and metal substance providers, Contract manufacturers in Asia and Mexico
CustomersWafer fabrication equipment (WFE) manufacturers, Advanced electronic device manufacturers, Automotive and aerospace industrial firms, Government and academic research institutions
Listed1999
Employees10.2K
CEOJohn T. C. Lee
FilingsSEC EDGAR

Questions, answered.

What is MKS Instruments's market cap?
MKS Instruments (MKSI) has a market capitalization of $23.6B and trades on NASDAQ.
What is MKS Instruments's revenue and profitability?
MKS Instruments generated $4.1B in trailing twelve-month revenue with net income of $327.0M, representing a net margin of 8.0%. Gross margin stands at 46.7%, with free cash flow of $402.0M. These figures are based on the Q1 2026 filing.
Who are MKS Instruments's competitors?
MKS Instruments's key competitors include Element Solutions Inc., IPG Photonics Corporation, Advanced Energy Industries, Inc., and others. These companies compete in similar markets and product categories.
What subsidiaries does MKS Instruments have?
MKS Instruments's subsidiaries include Atotech.
Where is MKS Instruments headquartered?
MKS Instruments is headquartered in United States of America and employs approximately 10,200 people. It has been publicly traded since 1999.