Filing Flows › MKS (MKSI) › Q3 2026
MKS (MKSI) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
MKS (MKSI) reported revenue of $1.4B for the third quarter 2026 (Q3 2026), +43% from a year earlier and +13% from the quarter before. Operating margin was 23.1%, net earnings $237M (16.8% of revenue).
MKS, Q3 2026: revenue $1.4B (+43% year over year), operating margin 23.1%, net earnings $237M, operating cash flow $292M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +13% | +43% |
| Gross profit | $674M | +13% | +46% |
| Operating profit | $326M | +30% | +136% |
| Net earnings | $237M | +35% | +220% |
| Operating cash flow | $292M | +20% | +48% |
| Free cash flow | $243M | — | +65% |
What changed
Revenue was $1.4B in Q3 2026, up 43% year over year and up 13% from the previous quarter. Semiconductor was the largest line at 45% of revenue. Semiconductor added $0.22B year over year (up 54%), 52% of the total change.
Gross margin was 47.7%, up 1.0 points from Q3 2025. Operating profit was $0.33B, a 23.1% margin (up 9.1 points year over year). Of the extra revenue versus Q3 2025, 44% reached operating profit, above the 14% margin then. Operating expenses grew 8% against revenue growth of 43%. The fastest-growing cost line was SG&A (+12%). Net earnings were $0.24B, up 219% year over year. The effective tax rate was 17.7%.
Operating cash flow was $0.29B (up 48% year over year), 123% 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 $0.05B. After purchases of property, plant and equipment ($0.05B), free cash flow as the company reports it was $0.24B.
Questions
What was MKS' revenue in the third quarter 2026?
MKS (MKSI) reported revenue of $1.4B for the third quarter 2026 (Q3 2026), +43% from a year earlier and +13% from the quarter before.
Was MKS profitable in the third quarter 2026?
Operating profit was $326M (23.1% of revenue) and net earnings $237M.
Source: MKS 10-Q on SEC EDGAR.