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How MKS (MKSI) makes money
MKS (MKSI) made $1.4B of revenue in the third quarter 2026 (Q3 2026), +43% from a year earlier. Semiconductor brought in $638M (45%); Electronics and Packaging brought in $415M (29%); Specialty Industrial brought in $360M (25%). Of every dollar of revenue, 48¢ was left as gross profit, 23¢ was left as operating profit, 17¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Semiconductor | $638M | 45.2% | +15% | +54% |
| Electronics and Packaging | $415M | 29.4% | +9% | +44% |
| Specialty Industrial | $360M | 25.5% | +15% | +27% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.4B | 100.0% |
| Cost of revenue | $739M | 52.3% |
| Gross profit | $674M | 47.7% |
| Operating expenses | $348M | 24.6% |
| Operating profit | $326M | 23.1% |
| Income tax | $51.0M | 3.6% |
| Net earnings | $237M | 16.8% |
| Operating cash flow | $292M | 20.7% |
| Free cash flow | $243M | 17.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.4B | +43% |
| Q2 2026 | $1.2B | +28% |
| Q1 2026 | $1.1B | +15% |
| Q4 2025 | $1.0B | +11% |
| Q3 2025 | $988M | +10% |
| Q2 2025 | $973M | +10% |
| Q1 2025 | $936M | +8% |
From MKS' 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does MKS make money?
MKS (MKSI) made $1.4B of revenue in the third quarter 2026 (Q3 2026), +43% from a year earlier. Semiconductor brought in $638M (45%); Electronics and Packaging brought in $415M (29%); Specialty Industrial brought in $360M (25%). Of every dollar of revenue, 48¢ was left as gross profit, 23¢ was left as operating profit, 17¢ was left as net earnings.
What is MKS' biggest business?
Semiconductor: $638M in the third quarter 2026, 45% of revenue, +54% from a year earlier.
What is MKS' profit margin?
Net earnings were $237M, 16.8% of revenue, in the third quarter 2026; the operating margin was 23.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.