MKS
Combines vacuum control, photonics, lasers, and surface chemistry for advanced manufacturing.
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Profile
Supplies vacuum-process controls, photonics and laser systems, and surface-chemistry and plating technologies to semiconductor, electronics and packaging, and specialty industrial customers. Products generate most revenue, most sales go to international customers, and operations depend on global manufacturing networks, technology demand, connected systems, and Atotech-related debt service.
Supplies instruments, subsystems, systems, and process-control technologies used in semiconductor manufacturing, electronics and packaging, and specialty industrial applications. Vacuum Solutions covers pressure, flow, gas delivery and analysis, reactive-gas systems, power delivery, and sensing.
Photonics Solutions spans lasers, optics, precision motion, vibration control, and laser-based manufacturing systems. Materials Solutions adds process chemistry, surface modification, plating equipment, software, and services. Combining these domains supports control of multiple stages around advanced-manufacturing workpieces.
Most revenue comes from international customers, with significant activity across major Asian manufacturing centers. Performance depends on semiconductor and advanced-electronics demand, global production and customer networks, connected enterprise systems, successful integration of the Atotech portfolio, and servicing the debt used to fund that expansion.
Company facts
Key statistics
Year to date +51.9% · Average volume (30d) 1.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 25, 2026 | Mizuho Securities | Target | $360 | $330 | |
| Aug 6, 2026 | Mizuho Securities | Target | $415 | $360 | |
| Jul 31, 2026 | Deutsche Bank | Target | $380 | $360 | |
| Jul 8, 2026 | Mizuho Securities | Target | $400 | $415 | |
| Jun 30, 2026 | BMO Capital | Initiate | Outperform | $453 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $2.91 | $3.30 | +13.4% | $1.20B | $1.25B | +4.4% | −6.96% |
| May 6, 2026Q1 FY26 | $2.04 | $2.30 | +12.7% | $1.05B | $1.08B | +3.1% | +2.39% |
| Feb 17, 2026Q4 FY25 | $2.46 | $2.47 | +0.4% | $1.02B | $1.03B | +1.1% | −4.78% |
| Nov 5, 2025Q3 FY25 | $1.85 | $1.93 | +4.3% | $968.1M | $988.0M | +2.1% | +10.96% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $936.0M | $973.0M | $988.0M | $1.03B | $1.08B | $1.25B | |
| Gross profit | $444.0M | $453.0M | $461.0M | $418.0M | $444.0M | $595.0M | |
| Operating income | $111.0M | $135.0M | $138.0M | $155.0M | $173.0M | $251.0M | |
| Net income | $52.0M | $62.0M | $74.0M | $107.0M | $84.0M | $175.0M | |
| Diluted EPS | $0.77 | $0.92 | $1.10 | $1.58 | $1.18 | $2.41 | |
| Gross margin | 47.4% | 46.6% | 46.7% | 40.5% | 41.2% | 47.7% | |
| Operating margin | 11.9% | 13.9% | 14.0% | 15.0% | 16.0% | 20.1% |
Fiscal years (4-quarter sums)FY21 $2.95B · FY22 $3.55B · FY23 $3.62B · FY24 $3.59B · FY25 $3.93B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $611.0M · Total debt $4.19B · Total assets $8.94B · Shareholders' equity $2.99B
Dividends
Raised for 14 straight years — most recently to $0.25 from $0.22 in Feb 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 25, 2026 | Aug 25 | Sep 3 | $0.25 | |
| Jun 3, 2026 | Jun 3 | Jun 12 | $0.25 | |
| Feb 23, 2026 | Feb 23 | Mar 6 | $0.25 | raised from $0.22 |
| Nov 24, 2025 | Nov 24 | Dec 5 | $0.22 | |
| Aug 25, 2025 | Aug 25 | Sep 5 | $0.22 | |
| May 27, 2025 | May 27 | Jun 6 | $0.22 | |
| Feb 24, 2025 | Feb 24 | Mar 7 | $0.22 | |
| Nov 25, 2024 | Nov 25 | Dec 6 | $0.22 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 67.54M · Float 67.14M · 99.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 6.93M | 10.26% | 13F | Aug 7, 2026 |
| Invesco Ltd. | 4.66M | 6.90% | 13F | Aug 14, 2026 |
| Victory Capital Management, Inc. | 3.79M | 5.64% | 13G | Aug 8, 2025 |
| Vanguard Portfolio Management LLC | 3.71M | 5.49% | 13F | Aug 13, 2026 |
| JPMorgan Chase & Co | 3.42M | 5.00% | 13G | Jul 16, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | John Tseng-Chung Lee | director, officer: President & CEO | −10,000 | $302.01 |
| Aug 3, 2026 | John Edward Williams | officer: EVP & GM, PSD | −457 | $288.31 |
| Jun 12, 2026 | James Alan Schreiner | officer: EVP & COO | −3,500 | $345.82 |
| Jun 10, 2026 | James Alan Schreiner | officer: EVP & COO | −781 | $317.42 |
| Jun 5, 2026 | Michelle M. McCarthy | officer: SVP & Chief Accounting Officer | −2,434 | $315.23 |
Peers
- Advanced Energy Industries
Precision-power rival in plasma, reactive-gas and sensing systems
- Coherent
Broad laser and photonics rival across industrial and research markets
- Qnity Electronics
Electronics-chemistry rival in PCB and advanced-packaging processes
- IPG Photonics
Industrial laser specialist challenging laser-based manufacturing products
- Lumentum
Focused laser-product rival within Photonics Solutions markets
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| MKS | $256.50 | +0.31% | $17.28B | 40.8 | 16.3 | 4.0 | +28.3% |
| Advanced Energy Industries | $273.50 | +0.25% | $10.93B | 50.9 | 20.0 | 5.4 | +30.0% |
| Coherent | $279.00 | −0.02% | $54.62B | 67.9 | 29.8 | 7.7 | +33.7% |
| Qnity Electronics | $121.00 | +0.65% | $25.18B | 43.0 | 24.9 | 4.8 | +22.1% |
| IPG Photonics | $76.53 | +0.01% | $3.25B | 117.7 | 40.4 | 3.0 | +11.1% |
| Lumentum | $895.00 | +0.03% | $69.63B | — | 41.5 | 23.1 | +136.7% |
| Median | 59.4 | 29.8 | 5.4 | +30.0% |