Nov 4, 4:30 PM ET
MKS Inc. reported third quarter 2026 revenue of $1,413 million, up from $988 million a year earlier, and GAAP diluted earnings per share of $3.26, up from $1.10. The Board also approved a new share repurchase program of up to $500 million, replacing a 2011 program with about $28 million remaining, and guided fourth quarter 2026 revenue to $1,490 million plus or minus $40 million. For shareholders, the results and guidance point to higher earnings, and the buyback and $0.25 quarterly dividend return capital to them.
- Q3 2026 revenue of $1,413 million vs. $988 million in Q3 2025 and $1,248 million in Q2 2026.
- GAAP net income of $236 million and diluted EPS of $3.26 vs. $1.10 in Q3 2025; Non-GAAP diluted EPS of $4.18.
- Q4 2026 guidance: revenue of $1,490 million plus or minus $40 million and GAAP diluted EPS of $4.04 plus or minus $0.38; guidance excludes the pending Ophir Optics sale.
- Share repurchase program of up to $500 million effective November 2, 2026; quarterly dividend of $0.25 per share payable December 7, 2026.
Read the filing on SEC.gov ↗
Oct 19, 8:17 AM ET
MKS Inc. has agreed to sell its Ophir Optics business to TTM Technologies for $650 million in cash, subject to customary closing adjustments. The company says the proceeds will help strengthen its balance sheet, and the deal is expected to close in the second quarter of 2027, subject to regulatory approvals and governmental consents.
- Purchase price is $650 million in cash, subject to customary closing adjustments
- The price is an estimated multiple of over 18x projected FY 2026 Adjusted EBITDA for Ophir Optics
- Excludes the Ophir Instruments laser characterization business and the Ophir brand
- Expected to close in the second quarter of 2027; J.P. Morgan is exclusive financial advisor
Read the filing on SEC.gov ↗
Aug 5, 4:31 PM ET
MKS Inc. reported second quarter 2026 revenue of $1,248 million and GAAP net income of $175 million, or $2.41 per diluted share, with revenue and key profit measures at or above the high end of its guided ranges. The company guided third quarter 2026 revenue to $1,350 million, plus or minus $40 million, and said it made a $100 million voluntary prepayment on its USD term loan B in August 2026.
- Q2 2026 total net revenues of $1,248 million, compared with $973 million in Q2 2025 and $1,078 million in Q1 2026
- GAAP net income per diluted share of $2.41 for Q2 2026, compared with $0.92 in Q2 2025
- Q3 2026 guidance: revenue of $1,350 million plus or minus $40 million; GAAP net income per diluted share of $2.73 plus or minus $0.31
- Convertible senior notes became convertible at noteholders' option during Q3 2026 and were classified as short-term debt of $1,399 million at June 30, 2026
Read the filing on SEC.gov ↗
May 12, 4:15 PM ET
At its May 11, 2026 annual meeting, MKS Inc. shareholders approved an amended and restated 2022 Stock Incentive Plan that adds 6,200,000 shares to the authorized pool, re-elected three directors, and ratified PricewaterhouseCoopers LLP as auditor for 2026. A shareholder proposal to lower the threshold for calling a special meeting from 40% to 10% did not pass, while the company's own advisory proposal to lower it to 25% received more votes for than against.
- Shareholders approved the amended plan, which adds 6,200,000 shares; the filing says the plan's other terms are unchanged.
- Peter J. Cannone III, Wissam G. Jabre and Joseph B. Donahue were elected to one-year terms, with 57,214,027, 57,214,803 and 54,218,941 votes for, respectively.
- The shareholder proposal to cut the special meeting threshold to 10% drew 18,775,304 votes for and 38,812,405 against.
- PricewaterhouseCoopers LLP was ratified as independent auditor for the year ending December 31, 2026, with 58,207,171 votes for and 2,248,167 against.
Read the filing on SEC.gov ↗
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