Filing Flows › MKS (MKSI) › Q2 2026 › vs Q2 2025
MKS (MKSI) Q2 2026 vs Q2 2025 (year over year)
MKS's revenue rose $275M (+28%) from $973M in Q2 2025 to $1.2B in Q2 2026. The biggest changes: Semiconductor +$122M (+28%); Electronics and Packaging +$115M (+43%); Specialty Industrial +$38.0M (+14%). Gross margin 47.7% against 46.6% (+1.1 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 47.7% | 46.6% | +1.1 pts |
| Operating margin | 20.1% | 13.9% | +6.2 pts |
| Net margin | 14.0% | 6.4% | +7.7 pts |
| Free cash flow margin | 15.1% | 14.0% | +1.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Semiconductor | $554M | $432M | $122M | +28% |
| Electronics and Packaging | $381M | $266M | $115M | +43% |
| Specialty Industrial | $313M | $275M | $38.0M | +14% |
| Revenue | $1.2B | $973M | $275M | +28% |
| Gross profit | $595M | $453M | $142M | +31% |
| Cost of revenue | $653M | $520M | $133M | +26% |
| Operating profit | $251M | $135M | $116M | +86% |
| Operating expenses | $344M | $318M | $26.0M | +8% |
| Pre-tax earnings | $213M | $72.0M | $141M | +196% |
| Other expense, net | $38.0M | $63.0M | −$25.0M | -40% |
| Research & development | $76.0M | $76.0M | $0 | 0% |
| SG&A | $200M | $175M | $25.0M | +14% |
| Other operating costs | $68.0M | $67.0M | $1.0M | +1% |
| Net earnings | $175M | $62.0M | $113M | +182% |
| Income tax | $38.0M | $10.0M | $28.0M | +280% |
| Depreciation & amortization | $85.0M | $87.0M | −$2.0M | -2% |
| Share-based compensation | $15.0M | $12.0M | $3.0M | +25% |
| Working capital & other | $32.0M | −$4.0M | $36.0M | — |
| Operating cash flow | $243M | $165M | $78.0M | +47% |
| Free cash flow (company-reported) | $188M | $136M | $52.0M | +38% |
| Purchases of property, plant and equipment | $55.0M | $29.0M | $26.0M | +90% |
Questions
How much did MKS's revenue grow year over year in Q2 2026?
MKS's revenue rose $275M (+28%) from $973M in Q2 2025 to $1.2B in Q2 2026.
What drove MKS's revenue change in Q2 2026?
Semiconductor +$122M (+28%); Electronics and Packaging +$115M (+43%); Specialty Industrial +$38.0M (+14%).