MKS Instruments posts record Q3 results and raises Q4 outlook
MKS Instruments reported third‑quarter 2026 revenue of about $1.41 billion, GAAP net income of $236 million and adjusted earnings per share of $4.18, beating analysts’ expectations. Semiconductor revenue jumped 54% year‑over‑year, while the company announced a $650 million sale of its Ophir Optics business and a $500 million share‑repurchase authorization. For the fourth quarter it guided revenue of $1.49 billion (± $40 million) and GAAP EPS of $4.04 (± $0.38).
Why it matters
The strong earnings and upbeat Q4 guidance suggest higher cash flow and may support the planned share‑repurchase and balance‑sheet reduction, which could be positive for shareholders. The $650 million Ophir Optics sale provides additional liquidity for debt repayment and future investments.
Key facts
- 1Analysts expected EPS of $3.63 and revenue of $1.35 billion for Q3 2026. investing.com
- 2MKS reported Q3 revenue of $1,413 million, GAAP net income of $236 million, GAAP EPS of $3.26 and adjusted EPS of $4.18. stocktitan.net
- 3Q4 2026 guidance: revenue $1,490 million ± $40 million; GAAP EPS $4.04 ± $0.38. stocktitan.net
- 4Semiconductor segment revenue grew 54% year‑over‑year in Q3. investing.com
- 5MKS agreed to sell its Ophir Optics business for $650 million, expected to close in 2Q 2027. tradingview.com
- 6The company authorized a $500 million share‑repurchase program. finance.yahoo.com
Summary written by AlphAI AI Desk from 9 of 9 sources. Not investment advice. Figures are as stated by the linked sources.