Filing Flows › MKS (MKSI) › Q2 2026 › vs Q1 2026
MKS (MKSI) Q2 2026 vs Q1 2026 (quarter over quarter)
MKS's revenue rose $170M (+16%) from $1.1B in Q1 2026 to $1.2B in Q2 2026. The biggest changes: Semiconductor +$88.0M (+19%); Electronics and Packaging +$60.0M (+19%); Specialty Industrial +$22.0M (+8%). Gross margin 47.7% against 47.0% (+0.6 pts).
MKS, Q2 2026: revenue $1.2B (+28% year over year), operating margin 20.1%, net earnings $175M, operating cash flow $243M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 47.7% | 47.0% | +0.6 pts |
| Operating margin | 20.1% | 13.8% | +6.3 pts |
| Net margin | 14.0% | 7.8% | +6.2 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Semiconductor | $554M | $466M | $88.0M | +19% |
| Electronics and Packaging | $381M | $321M | $60.0M | +19% |
| Specialty Industrial | $313M | $291M | $22.0M | +8% |
| Revenue | $1.2B | $1.1B | $170M | +16% |
| Gross profit | $595M | $507M | $88.0M | +17% |
| Cost of revenue | $653M | $571M | $82.0M | +14% |
| Operating profit | $251M | $149M | $102M | +68% |
| Operating expenses | $344M | $358M | −$14.0M | -4% |
| Pre-tax earnings | $213M | $102M | $111M | +109% |
| Other expense, net | $38.0M | $47.0M | −$9.0M | -19% |
| Research & development | $76.0M | $81.0M | −$5.0M | -6% |
| SG&A | $200M | $190M | $10.0M | +5% |
| Other operating costs | $68.0M | $87.0M | −$19.0M | -22% |
| Net earnings | $175M | $84.0M | $91.0M | +108% |
| Income tax | $38.0M | $18.0M | $20.0M | +111% |
| Depreciation & amortization | $85.0M | $85.0M | $0 | 0% |
| Share-based compensation | $15.0M | $19.0M | −$4.0M | -21% |
| Working capital & other | $32.0M | $135M | −$103M | -76% |
| Operating cash flow | $243M | $53.0M | $190M | +358% |
Questions
How much did MKS's revenue grow quarter over quarter in Q2 2026?
MKS's revenue rose $170M (+16%) from $1.1B in Q1 2026 to $1.2B in Q2 2026.
What drove MKS's revenue change in Q2 2026?
Semiconductor +$88.0M (+19%); Electronics and Packaging +$60.0M (+19%); Specialty Industrial +$22.0M (+8%).