Filing Flows › MKS (MKSI) › Q2 2026
MKS (MKSI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
MKS (MKSI) reported revenue of $1.2B for the second quarter 2026 (Q2 2026), +28% from a year earlier and +16% from the quarter before. Operating margin was 20.1%, net earnings $175M (14.0% of revenue).
MKS, Q2 2026: revenue $1.2B (+28% year over year), operating margin 20.1%, net earnings $175M, operating cash flow $243M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +16% | +28% |
| Gross profit | $595M | +17% | +31% |
| Operating profit | $251M | +68% | +86% |
| Net earnings | $175M | +108% | +182% |
| Operating cash flow | $243M | +358% | +47% |
| Free cash flow | $188M | — | +38% |
What changed
Revenue was $1.2B in Q2 2026, up 28% year over year and up 16% from the previous quarter. Semiconductor was the largest line at 44% of revenue. Semiconductor added $0.12B year over year (up 28%), 44% of the total change.
Gross margin was 47.7%, up 1.1 points from Q2 2025. Operating profit was $0.25B, a 20.1% margin (up 6.2 points year over year). Of the extra revenue versus Q2 2025, 42% reached operating profit, above the 14% margin then. Operating expenses grew 8% against revenue growth of 28%. The fastest-growing cost line was SG&A (+14%). Net earnings were $0.17B, up 182% year over year. The effective tax rate was 17.8%.
Operating cash flow was $0.24B (up 47% year over year), 139% of net earnings. Non-cash charges added back $0.09B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.03B. After purchases of property, plant and equipment ($0.06B), free cash flow as the company reports it was $0.19B.
Questions
What was MKS' revenue in the second quarter 2026?
MKS (MKSI) reported revenue of $1.2B for the second quarter 2026 (Q2 2026), +28% from a year earlier and +16% from the quarter before.
Was MKS profitable in the second quarter 2026?
Operating profit was $251M (20.1% of revenue) and net earnings $175M.
Source: MKS 10-Q on SEC EDGAR.