Filing Flows › MKS (MKSI) › Q2 2025
MKS (MKSI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
MKS (MKSI) reported revenue of $973M for the second quarter 2025 (Q2 2025), +10% from a year earlier and +4% from the quarter before. Operating margin was 13.9%, net earnings $62.0M (6.4% of revenue).
MKS, Q2 2025: revenue $973M (+10% year over year), operating margin 13.9%, net earnings $62.0M, operating cash flow $165M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $973M | +4% | +10% |
| Gross profit | $453M | +2% | +8% |
| Operating profit | $135M | +22% | +6% |
| Net earnings | $62.0M | +19% | +170% |
| Operating cash flow | $165M | +17% | +35% |
| Free cash flow | $136M | — | +42% |
What changed
Revenue was $973.0M in Q2 2025, up 10% year over year and up 4% from the previous quarter. Semiconductor was the largest line at 44% of revenue. Semiconductor added $63.0M year over year (up 17%), 73% of the total change. Specialty Industrial declined 5%.
Gross margin was 46.6%, down 0.7 points from a year earlier. Operating profit was $135.0M, a 13.9% margin (down 0.4 points year over year). Of the extra revenue versus a year earlier, 9% reached operating profit, below the 14% margin then. Operating expenses grew 9% against revenue growth of 10%. The fastest-growing cost line was Research & development (+15%). Net earnings were $62.0M, up 170% year over year. The effective tax rate was 13.9%.
Operating cash flow was $165.0M (up 35% year over year), 266% of net earnings. Non-cash charges added back $87.0M of depreciation and amortization and $12.0M of share-based compensation. After purchases of property, plant and equipment ($29.0M), free cash flow as the company reports it was $136.0M.
Questions
What was MKS' revenue in the second quarter 2025?
MKS (MKSI) reported revenue of $973M for the second quarter 2025 (Q2 2025), +10% from a year earlier and +4% from the quarter before.
Was MKS profitable in the second quarter 2025?
Operating profit was $135M (13.9% of revenue) and net earnings $62.0M.
Source: MKS 10-Q on SEC EDGAR.