MKS Reports Record Q3 2026 Revenue of $1.413 Billion
MKS reported record GAAP net income of $236 million and non-GAAP diluted earnings of $4.18, both above the high end of prior guidance. It forecast Q4 revenue of $1.490 billion, plus or minus $40 million.
MKS Inc. reported record third-quarter 2026 revenue of $1.413 billion, driven by 54% year-over-year growth in its semiconductor market and 43% growth in electronics and packaging. The company achieved record GAAP net income of $236 million and record non-GAAP net earnings per diluted share of $4.18, both surpassing the high end of its previous guidance. Management attributed the strong performance to the company's broad capabilities in addressing miniaturization and complexity in the AI era, which have driven robust orders and new design wins.
Looking ahead, MKS provided fourth-quarter 2026 revenue guidance of $1.490 billion, plus or minus $40 million. The company also noted that it made a voluntary $100 million principal prepayment on its USD term loan B in November 2026.