Filing Flows › MKS (MKSI) › Q3 2025
MKS (MKSI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
MKS (MKSI) reported revenue of $988M for the third quarter 2025 (Q3 2025), +10% from a year earlier and +2% from the quarter before. Operating margin was 14.0%, net earnings $74.0M (7.5% of revenue).
MKS, Q3 2025: revenue $988M (+10% year over year), operating margin 14.0%, net earnings $74.0M, operating cash flow $197M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $988M | +2% | +10% |
| Gross profit | $461M | +2% | +7% |
| Operating profit | $138M | +2% | +8% |
| Net earnings | $74.0M | +19% | +19% |
| Operating cash flow | $197M | +19% | +21% |
| Free cash flow | $147M | — | +4% |
What changed
Revenue was $988.0M in Q3 2025, up 10% year over year and up 2% from the previous quarter. Semiconductor was the largest line at 42% of revenue. Electronics and Packaging added $58.0M year over year (up 25%), 63% of the total change. Specialty Industrial declined 1%.
Gross margin was 46.7%, down 1.6 points from a year earlier. Operating profit was $138.0M, a 14.0% margin (down 0.3 points year over year). Of the extra revenue versus a year earlier, 11% reached operating profit, below the 14% margin then. Operating expenses grew 6% against revenue growth of 10%. Net earnings were $74.0M, up 19% year over year. The effective tax rate was 11.9%.
Operating cash flow was $197.0M (up 21% year over year), 266% of net earnings. Non-cash charges added back $85.0M of depreciation and amortization and $12.0M of share-based compensation. Working capital and other items added $26.0M. After purchases of property, plant and equipment ($50.0M), free cash flow as the company reports it was $147.0M.
Questions
What was MKS' revenue in the third quarter 2025?
MKS (MKSI) reported revenue of $988M for the third quarter 2025 (Q3 2025), +10% from a year earlier and +2% from the quarter before.
Was MKS profitable in the third quarter 2025?
Operating profit was $138M (14.0% of revenue) and net earnings $74.0M.
Source: MKS 10-Q on SEC EDGAR.