MKS Instruments, Inc.

MKS Instruments, Inc.

MKSI

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Market Cap$20.6B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
MKS Instruments, Inc.MKS Instruments, Inc.46.60.31%15%4.81.4

Earnings Call Q2 2026

August 6, 2026 - AI Summary

Q2 results strong; momentum building into H2 - Revenue $1.25B, +16% QoQ and +28% YoY (high end/above guidance). - Segment growth: Semiconductor $554M (+19% QoQ, +28% YoY); Electronics & Packaging $381M (+19% QoQ, +44% YoY); Specialty Industrial $313M (+8% QoQ, +14% YoY). - Profitability: Gross margin 47.6% (about 100 bps of discrete benefits from tariff/duty refunds); Operating margin 25.6%; Adjusted EBITDA margin 28.6%. - Earnings/cash: Net earnings $232M ($3.30/diluted share), +86% YoY per share; Free cash flow $188M (~15% of revenue); Liquidity >$1.6B (cash $611M + $1B undrawn revolver).
Q3 outlook: continued acceleration and strong margins despite mix/investment headwinds - Revenue forecast $1.35B ± $40M. - By segment: Semiconductor $630M ± $15M; Electronics & Packaging $385M ± $15M; Specialty Industrial $335M ± $10M. - Guidance: Gross margin ~47% ± 100 bps; Operating margin 26.3% (operating income $355M); Adjusted EBITDA $395M ± $28M. - EPS: $3.58 ± $0.31; CapEx ~4%–5% of revenue; tax rate ~20% in Q3 and full-year tax lower end of 18%–20%. - Semi growth acceleration: semi revenue implied >50% YoY in Q3 (driving by depth-etch + litho/metrology/inspection + power/vacuum/plasma/reactive gases).
Big opportunity areas: AI-driven semiconductor + advanced packaging, and strong chemistry attach - AI-driven WFE and advanced packaging investment is the core demand driver across semis and PCB/advanced electronics. - Semi: strong momentum in deposition/etch, RF power (NAND upgrades), vacuum subsystems, plasma generators, reactive gases, plus photonics/optics in litho/metrology/inspection. - Electronics & Packaging: chemistry is inflecting sharply—management highlighted “chemistry equipment demand… strongest it has ever been” with visibility through 2027. - Chemistry growth economics: management reiterated chemistry typically represents ~20%–40% of chemistry “output per dollar of equipment,” but noted the *mix is shifting toward higher-end equipment*, implying the math could be toward the lower end of that range; still expects higher gross margin chemistry to grow as equipment ramps.

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$399.67

Target Price by Analysts

30.5% upsideMKS Instruments Target Price DetailsTarget Price
$27.29

Current Fair Value

91.1% downside

Overvalued by 91.1% based on the discounted cash flow analysis.

Share Statistics

Market cap$20.60 Billion
Enterprise Value$24.18 Billion
Dividend Yield$0.94 (0.31%)
Earnings per Share$4.39
Beta1.93
Outstanding Shares67,600,000

Return

Return on Equity14.73%ROE
Return on Assets4.92%
Return on Invested Capital11.05%

Valuation & Multiples

P/E Ratio46.63P/E Ratio
PEG25.59PEG
Price to Sales4.79Price to Sales
Price to Book Ratio6.96Price to Book Ratio
Enterprise Value to Revenue5.56
Enterprise Value to EBIT33.58
Enterprise Value to Net Income54
Total Debt to Enterprise0.17
Debt to Equity1.4Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
August 5, 2026
EPS Estimate
$2.91
Average shareholder expectation
Revenue Estimate
$1.20 B
Average shareholder expectation

Next Earnings Call

Expected Date
November 4, 2026
EPS Estimate
$3.53
Average shareholder expectation
Revenue Estimate
$1.35 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.0769 97.68%
Total Calls3,900 99.82%
Total Puts4,200 98.03%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %22.01% 80.46%
Total Invested$6.59B 58.22%
Investors Holding357 281.00%

ESG Score

No data

About MKS Instruments, Inc.

CEO: John Lee

MKS Instruments, Inc. is a global provider of instruments, systems, subsystems and process control solutions that measure, monitor, deliver, analyze, power and control critical parameters of advanced manufacturing processes to improve pr...