Filing Flows › MKS (MKSI) › Q1 2026
MKS (MKSI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
MKS (MKSI) reported revenue of $1.1B for the first quarter 2026 (Q1 2026), +15% from a year earlier and +4% from the quarter before. Operating margin was 13.8%, net earnings $84.0M (7.8% of revenue).
MKS, Q1 2026: revenue $1.1B (+15% year over year), operating margin 13.8%, net earnings $84.0M, operating cash flow $53.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +4% | +15% |
| Gross profit | $507M | +6% | +14% |
| Operating profit | $149M | +4% | +34% |
| Net earnings | $84.0M | -21% | +62% |
| Operating cash flow | $53.0M | -63% | -62% |
| Free cash flow | $28.0M | -70% | -77% |
What changed
Revenue was $1.1B in Q1 2026, up 15% year over year and up 4% from the previous quarter. Semiconductor was the largest line at 43% of revenue. Electronics and Packaging added $0.07B year over year (up 27%), 48% of the total change.
Gross margin was 47.0%, down 0.4 points from Q1 2025. Operating profit was $0.15B, a 13.8% margin (up 2.0 points year over year). Of the extra revenue versus Q1 2025, 27% reached operating profit, above the 12% margin then. Operating expenses grew 8% against revenue growth of 15%. The fastest-growing cost line was Research & development (+16%). Net earnings were $0.08B, up 62% year over year. The effective tax rate was 17.6%.
Operating cash flow was $0.05B (down 62% year over year), 63% of net earnings. Non-cash charges added back $0.09B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.14B. Capital expenditures of $0.03B left free cash flow of $0.03B.
Questions
What was MKS' revenue in the first quarter 2026?
MKS (MKSI) reported revenue of $1.1B for the first quarter 2026 (Q1 2026), +15% from a year earlier and +4% from the quarter before.
Was MKS profitable in the first quarter 2026?
Operating profit was $149M (13.8% of revenue) and net earnings $84.0M.
Source: MKS 10-Q on SEC EDGAR.