Filing Flows › MKS (MKSI) › Q3 2026 › vs Q3 2025
MKS (MKSI) Q3 2026 vs Q3 2025 (year over year)
MKS's revenue rose $425M (+43%) from $988M in Q3 2025 to $1.4B in Q3 2026. The biggest changes: Semiconductor +$223M (+54%); Electronics and Packaging +$126M (+44%); Specialty Industrial +$76.0M (+27%). Gross margin 47.7% against 46.7% (+1.0 pts).
MKS, Q3 2026: revenue $1.4B (+43% year over year), operating margin 23.1%, net earnings $237M, operating cash flow $292M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 47.7% | 46.7% | +1.0 pts |
| Operating margin | 23.1% | 14.0% | +9.1 pts |
| Net margin | 16.8% | 7.5% | +9.3 pts |
| Free cash flow margin | 17.2% | 14.9% | +2.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Semiconductor | $638M | $415M | $223M | +54% |
| Electronics and Packaging | $415M | $289M | $126M | +44% |
| Specialty Industrial | $360M | $284M | $76.0M | +27% |
| Revenue | $1.4B | $988M | $425M | +43% |
| Gross profit | $674M | $461M | $213M | +46% |
| Cost of revenue | $739M | $527M | $212M | +40% |
| Operating profit | $326M | $138M | $188M | +136% |
| Operating expenses | $348M | $323M | $25.0M | +8% |
| Pre-tax earnings | $288M | $84.0M | $204M | +243% |
| Other expense, net | $38.0M | $54.0M | −$16.0M | -30% |
| Research & development | $80.0M | $76.0M | $4.0M | +5% |
| SG&A | $201M | $180M | $21.0M | +12% |
| Other operating costs | $67.0M | $67.0M | $0 | 0% |
| Net earnings | $237M | $74.0M | $163M | +220% |
| Income tax | $51.0M | $10.0M | $41.0M | +410% |
| Depreciation & amortization | $88.0M | $85.0M | $3.0M | +4% |
| Share-based compensation | $15.0M | $12.0M | $3.0M | +25% |
| Working capital & other | $48.0M | −$26.0M | $74.0M | — |
| Operating cash flow | $292M | $197M | $95.0M | +48% |
| Free cash flow (company-reported) | $243M | $147M | $96.0M | +65% |
| Purchases of property, plant and equipment | $49.0M | $50.0M | −$1.0M | -2% |
Questions
How much did MKS's revenue grow year over year in Q3 2026?
MKS's revenue rose $425M (+43%) from $988M in Q3 2025 to $1.4B in Q3 2026.
What drove MKS's revenue change in Q3 2026?
Semiconductor +$223M (+54%); Electronics and Packaging +$126M (+44%); Specialty Industrial +$76.0M (+27%).