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MKS (MKSI) guidance and outlook
MKS (MKSI) gave its guidance on Nov 4, 2026: Revenue $1.4B–$1.5B for Q4 2026; Gross margin 46.5%–48.5% for Q4 2026; Operating expenses $350M–$360M for Q4 2026; Operating expenses $283M–$293M for Q4 2026. MKS' 10-Q filed Nov 5, 2026 makes 12 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | Q4 2026 | $1.4B–$1.5B | new |
| Gross margin | Q4 2026 | 46.5%–48.5% | new |
| Operating expenses | Q4 2026 | $350M–$360M | new |
| Operating expenses | Q4 2026 | $283M–$293M | new |
| Net income | Q4 2026 | $266M–$322M | new |
| Net income | Q4 2026 | $325M–$379M | new |
| EPS | Q4 2026 | $3.66–$4.42 | new |
| EPS | Q4 2026 | $4.62–$5.38 | new |
| EBITDA | Q4 2026 | $432M–$490M | new |
From the earnings release filed Nov 4, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 5, 2026
- The Management’s Discussion and Analysis of Financial Condition and Results of Operations describes principal factors affecting the results of operations, financial condition, cash flows and liquidity, as well as our critical accounting policies and estimates that require significant judgment and thus have the most significant potential impact on our condensed consolidated financial statements, and is intended to…
- We expect to record a gain upon completion of the sale, but the amount of the gain has not yet been finalized.
- We expect international net revenues will continue to account for a significant percentage of total net revenues for the foreseeable future.
- The preparation of our consolidated financial statements and related disclosures in conformity with accounting principles generally accepted in the United States requires management to make judgments, assumptions and estimates that affect the amounts reported.
- We have thousands of products, and our research and development efforts primarily consist of a large number of projects related to these products, none of which is individually material.
- We expect to continue to make significant investment in research and development activities.
- Our future effective tax rate depends on various factors, including the impact of tax legislation, further interpretations and guidance from U.S. federal and state governments on the impact of proposed regulations issued by the Internal Revenue Service, as well as the geographic composition of our pre-tax income and changes in income tax reserves for unrecognized tax benefits.
- We will continue to monitor and evaluate the impact of any developing legislation.
- These changes to the U.S. tax code have not had a material impact on our results since the enactment of OBBBA and we do not anticipate these changes to the U.S. tax code will have a material impact on our results in future periods.
- The primary driver of our current and anticipated future cash flows is, and we expect will continue to be, cash generated from operations, consisting primarily of our net income, excluding non-cash charges and changes in operating assets and liabilities.
- Upon conversion, we will pay cash up to the aggregate principal amount of the Convertible Notes to be converted and pay or deliver, as the case may be, cash, shares of common stock or a combination of cash and shares of common stock, at our election, in respect of the remainder, if any, of our conversion obligation in excess of the aggregate principal amount of the Convertible Notes being converted.
- While there can be no assurance, we do not anticipate any material non-performance by any of these counterparties.
MKS' latest quarter
MKS, Q3 2026: revenue $1.4B (+43% year over year), operating margin 23.1%, net earnings $237M, operating cash flow $292M. The chart follows the revenue to costs, profit and cash.
Questions
Did MKS raise or lower its guidance?
MKS (MKSI) gave its guidance on Nov 4, 2026: Revenue $1.4B–$1.5B for Q4 2026; Gross margin 46.5%–48.5% for Q4 2026; Operating expenses $350M–$360M for Q4 2026; Operating expenses $283M–$293M for Q4 2026.
What does MKS expect?
The Management’s Discussion and Analysis of Financial Condition and Results of Operations describes principal factors affecting the results of operations, financial condition, cash flows and liquidity, as well as our critical accounting policies and estimates that require significant judgment and thus have the most significant potential impact on our condensed consolidated financial statements, and is intended to… We expect to record a gain upon completion of the sale, but the amount of the gain has not yet been finalized. We expect international net revenues will continue to account for a sig
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.