Education
About Us
Working with TipRanks
Follow Us
MKS (MKSI)
NASDAQ:MKSI
Earnings Data
Report Date
Apr 28, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.04Last Year’s EPS
1.71Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted broad-based top-line growth across all three end markets (10% revenue growth, strong semiconductor and Electronics & Packaging performance), improved free cash flow (+21% YoY), active deleveraging and favorable capital structure moves that reduce interest expense. The company also provided constructive near-term guidance and outlined capacity investments to support an anticipated industry upcycle. Headwinds include year-over-year margin pressure from tariffs and palladium pass-through, softness in the automotive portion of specialty industrial, and an elevated but improving leverage profile. On balance, the positive operational execution, cash generation, and refinancing actions outweigh the described headwinds.Company Guidance
Quarterly and Full-Year Revenue Growth
Q4 revenue of $1.03 billion, up 5% sequentially and 10% year-over-year; full-year 2025 revenue of $3.9 billion, up 10% year-over-year.
Semiconductor Outperformance
Q4 semiconductor revenue of $435 million, up 5% sequentially and 9% year-over-year; full-year semiconductor revenue of $1.7 billion, up 13% year-over-year; company noted it outperformed estimated WFE growth for 2025.
Electronics & Packaging Momentum
Q4 E&P revenue of $303 million, up 5% sequentially and 19% year-over-year; full-year E&P revenue of $1.1 billion, up 20% year-over-year. Chemistry sales rose 16% in Q4 (excluding FX and palladium pass-through) and 11% for the full year (excluding FX and palladium).
Profitability and Margin Highlights
Q4 gross margin of 46.4% (above guidance midpoint), Q4 operating margin ~21%, Q4 adjusted EBITDA $249 million with a 24.1% margin; full-year gross margin of 46.7% and operating margin of 20.7%.
Strong Free Cash Flow and Cash Generation
Full-year 2025 operating cash flow of $645 million and free cash flow of $497 million, up 21% year-over-year; healthy conversion of non-GAAP net earnings to cash.
Deleveraging and Liquidity Improvements
Net debt at year-end $3.6 billion with net leverage of 3.7x (based on adjusted EBITDA of $966 million). Paid down over $1 billion of debt since Feb 2024, including $400 million ordinary prepayments in 2025 and an additional $100 million voluntary prepayment in Feb 2026; liquidity of ~$1.4 billion (cash $675M + undrawn revolver $675M).
Capital Structure Actions and Interest Savings
Completed EUR 1 billion senior unsecured notes issuance and term loan repricing/increases to revolver; company expects to reduce annual interest expense run-rate by approximately $27 million.
Operational Investments and Capacity Expansion
Ramping a new supercenter factory in Malaysia in H2 2026 to add capacity and resiliency; continued capacity preparation across supply chain and factories for an anticipated WFE-led industry upcycle.
Shareholder Returns
Paid a dividend of $0.22 per share ($15 million) in the quarter and Board authorized a 14% increase in the next dividend.
Positive 1Q 2026 Guidance
Q1 revenue guidance of $1.04 billion +/- $40 million; segment guidance: semiconductor ~$150M +/- $15M, E&P ~$305M +/- $15M, specialty industrial ~$285M +/- $10M; Q1 adjusted EBITDA ~$251M +/- $24M; Q1 EPS $2.00 +/- $0.28; capex expected ~4%-5% of revenue through 2026.
MKSI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MKSI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 17, 2026 | $262.69 | $250.12 | -4.78% |
Nov 05, 2025 | $139.57 | $154.86 | +10.96% |
Aug 06, 2025 | $89.21 | $98.32 | +10.21% |
May 07, 2025 | $73.77 | $76.73 | +4.02% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does MKS (MKSI) report earnings?
MKS (MKSI) is schdueled to report earning on Apr 28, 2026, After Close (Confirmed).
What is MKS (MKSI) earnings time?
MKS (MKSI) earnings time is at Apr 28, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MKSI EPS forecast?
MKSI EPS forecast for the fiscal quarter 2026 (Q1) is 2.04.