Quarterly ResultMay 7, 2026, 03:38 PM
MKS INC Q1 Net Income +61.5% to $84M; Revenue +15.2% to $1.08B
AI Summary
MKS INC reported strong first-quarter 2026 financial results, with net income increasing significantly to $84 million and total net revenues rising to $1.08 billion. The company saw growth across all its end markets, particularly in Semiconductor and Electronics and Packaging. During the quarter, MKS also undertook significant debt management activities, including the issuance of 2034 Notes and prepayment of a portion of its Term Loan Facility, leading to a reclassification of Convertible Notes to short-term debt, and a notable decrease in net cash provided by operating activities.
Key Highlights
- Net income for Q1 2026 rose 61.5% to $84 million, up from $52 million in Q1 2025.
- Total net revenues increased 15.2% to $1.078 billion in Q1 2026, from $936 million in Q1 2025.
- Diluted EPS grew 53.2% to $1.18 in Q1 2026, compared to $0.77 in the prior year.
- Semiconductor revenue increased to $466 million, and Electronics and Packaging revenue to $321 million.
- Short-term debt surged to $1.398 billion, primarily due to reclassification of $1.4 billion Convertible Notes.
- Long-term debt decreased to $2.650 billion, following debt management activities.
- Net cash from operating activities fell to $53 million in Q1 2026 from $141 million in Q1 2025.
- A cash dividend of $0.25 per common share was paid in Q1 2026.
Price Impact
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