MKS Instruments Inc
NASDAQ:MKSI

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MKS Instruments Inc
NASDAQ:MKSI
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Price: 162.94 USD -0.25% Market Closed
Market Cap: 10.9B USD

MKS Instruments Inc
Investor Relations

MKS Instruments Inc. traces its roots back to 1961, when it began as a modest supplier in the field of vacuum technology and instrumentation, catering to niche markets. Over the decades, the company evolved into a multifaceted industry leader that plays a pivotal role in the semiconductor, industrial technologies, life sciences, and thin-film industries. MKS Instruments makes its mark by delivering an array of sophisticated products including vacuum components, subsystems, and process control solutions. These products are crucial threads in the intricate tapestry of modern manufacturing, facilitating processes like semiconductor fabrication, thin-film coating for optics, and even critical medical applications.

The company's business model thrives on integrating advanced engineering with precise manufacturing capabilities, leveraging its strong R&D foundation. By providing innovative and often bespoke solutions, MKS Instruments stands as a vital enabler for its clients, enhancing both efficiency and quality within their production lines. Revenue streams are meticulously crafted through a combination of specialized product sales and aftermarket services, which ensure sustained operational performance of the deployed systems. MKS Instruments' ability to adapt and cater to varying technological demands underscores its prowess in not just meeting, but also setting, industry standards as advancements continually reshape these dynamic sectors.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 6, 2025
AI Summary
Q3 2025

Strong Q3 Results: Revenue of $988 million was up 10% year-over-year and near the top end of guidance, driven by robust demand in semiconductor and electronics & packaging markets.

EPS & Margins: Net earnings per diluted share reached $1.93, above the midpoint of guidance; gross margin was 46.6%, stable with last quarter.

Guidance: Q4 revenue is expected at $990 million (±$40 million), with electronics & packaging forecasted to grow 16% year-over-year at the midpoint.

Deleveraging Progress: $400 million in voluntary debt repayments in 2025, with net leverage ratio reduced to 3.9x.

AI-Driven Demand: Continued strength in advanced packaging and chemistry solutions, benefiting from AI-related infrastructure buildout.

Free Cash Flow: Q3 free cash flow was $147 million, exceeding net earnings and making 2025 cumulative free cash flow nearly equal to all of 2024.

Key Financials
Revenue
$988 million
Semiconductor Revenue
$415 million
Electronics & Packaging Revenue
$289 million
Specialty Industrial Revenue
$284 million
Gross Margin
46.6%
Operating Expenses
$256 million
Operating Income
$205 million
Operating Margin
20.8%
Adjusted EBITDA
$240 million
Adjusted EBITDA Margin
24.3%
Net Interest Expense
$45 million
Tax Rate
17.9%
Net Earnings
$130 million
EPS
$1.93
Free Cash Flow
$147 million
Cumulative Free Cash Flow (first three quarters 2025)
$405 million
Capital Expenditure
$50 million
Liquidity
$1.4 billion
Cash and Cash Equivalents
$697 million
Gross Debt
$4.4 billion
Net Leverage Ratio
3.9x
Trailing 12-month Adjusted EBITDA
$953 million
Dividend per Share
$0.22
Dividend Payout
$15 million
Earnings Call Recording
Other Earnings Calls

Management

Dr. John T. C. Lee Ph.D.
President, CEO & Director
No Bio Available
Mr. David Philip Henry
Executive Vice President of Operations & Corporate Marketing
No Bio Available
Ms. Kathleen F. Burke Esq.
Executive VP, General Counsel & Secretary
No Bio Available
Mr. James Alan Schreiner
Executive VP & COO of Materials Solutions Division
No Bio Available
Mr. Ramakumar Mayampurath
EVP, CFO & Treasurer
No Bio Available
Ms. Michelle M. McCarthy
VP & Chief Accounting Officer
No Bio Available
Ms. Madhuri A. Andrews
Executive VP & Chief Information Officer
No Bio Available
Dr. Paretosh Misra C.F.A., Ph.D.
Vice President of Investor Relations
No Bio Available
Sally Ann Bouley
Executive VP & Chief Human Resources Officer
No Bio Available
Mr. Eric Robert Taranto
Executive VP & GM of Vacuum Solutions Division
No Bio Available

Contacts

Address
MASSACHUSETTS
Andover
2 Tech Drive, Suite 201
Contacts
+19786455500.0
www.mksinst.com