Quarterly ResultMay 6, 2026, 04:32 PM
MKS Inc. Q1 Revenue $1.078B, Non-GAAP EPS $2.30; Raises Dividend
AI Summary
MKS Inc. reported strong first-quarter 2026 financial results, with revenue of $1,078 million and Non-GAAP diluted EPS of $2.30, both at or above the high end of guidance. The company's performance was driven by accelerating demand in AI-related applications and semiconductor manufacturing. MKS also announced significant financial actions, including a private offering of €1.0 billion senior notes, the refinancing of existing term loans, an upsizing of its revolving credit facility, and an increase in its quarterly dividend to $0.25 per share. The company provided an optimistic outlook for the second quarter of 2026, forecasting continued growth.
Key Highlights
- Q1 2026 revenue reached $1,078 million, at the high end of guidance.
- Q1 2026 GAAP net income was $84 million, with diluted EPS of $1.18.
- Q1 2026 Non-GAAP net earnings per diluted share were $2.30, above guidance.
- Dividend increased from $0.22 to $0.25 per share, with $17 million paid.
- Completed a €1.0 billion senior notes offering and refinanced term loans.
- Upsized revolving credit facility from $675 million to $1.0 billion.
- Q2 2026 revenue guidance is $1,200 million, plus or minus $40 million.
- Q2 2026 Non-GAAP diluted EPS guidance is $2.90, plus or minus $0.30.