MKS Inc. provides foundational technology solutions for semiconductor manufacturing, electronics and packaging, and specialty industrial applications. Its news commonly covers instruments, subsystems, systems, process control solutions and specialty chemicals technology used to improve process performance, productivity and advanced device manufacturing capabilities.
Company updates also include quarterly financial results, demand commentary across semiconductor and advanced circuit board markets, cash dividends, debt refinancing and senior note activity, investor conference participation, and environmental reporting such as science-based emissions reduction targets.
MKS (NASDAQ: MKSI) reported third-quarter 2026 revenue of $1,413 million, exceeding the high end of its guidance range. Revenue rose from $988 million a year earlier. GAAP net income reached $236 million, or $3.26 per diluted share, versus $74 million, or $1.10 per diluted share. Gross margin increased to 47.7% from 46.6%, and GAAP operating margin rose to 23.1% from 14.0%.
Semiconductor revenue was $638 million; Electronics & Packaging generated $415 million, and Specialty Industrial contributed $360 million. Operating cash flow increased to $292 million from $197 million a year earlier. MKS expects fourth-quarter revenue of $1,490 million, plus or minus $40 million, and GAAP diluted earnings of $4.04, plus or minus $0.38. Guidance excludes the pending Ophir Optics sale. MKS prepaid $100 million of term-loan principal in November; its convertible notes remain convertible at holders’ option during the fourth quarter.
MKS (NASDAQ: MKSI) has approved a share repurchase program of up to $500 million and authorized a quarterly cash dividend.
The program replaces the July 2011 authorization, which had approximately $28 million remaining. The $0.25-per-share dividend is payable December 7, 2026, to shareholders of record November 25, 2026.
MKS (MKSI) has commenced a USD 25 million expansion of its Atotech equipment manufacturing facility in Guangzhou, China.
Launched in June 2026, the project is now expected to finish in the third quarter of 2027. It will expand the facility from 20,000 m² to 50,000 m². MKS plans to add 30 machining and fabrication systems, create over 300 employment opportunities and increase annual production capacity. The company attributes demand for the facility's plating equipment to manufacturing growth in Greater China and Southeast Asia, particularly Thailand and Vietnam. Plans also include continued support for Guangzhou research and development, with dedicated product testing and validation space.
TTM Technologies (NASDAQ: TTMI) reported record third-quarter 2026 sales of $1.2 billion, up 60% from a year earlier. GAAP net income rose to $84.8 million, or $0.79 per diluted share, from $53.1 million, or $0.50. Adjusted EBITDA, an adjusted earnings measure, reached $242.3 million, with margin rising to 20.1% from 16.1%. Operating cash flow was $154.7 million.
TTM expects fourth-quarter sales of $1.42 billion–$1.44 billion and adjusted diluted earnings of $1.77–$1.83. Its preliminary 2027 forecast calls for sales of $6.5 billion–$6.75 billion and adjusted diluted earnings of $8.10–$8.90. Guidance includes completed STG and Epiq acquisitions but excludes pending deals. TTM also plans to acquire MKS's Ophir Optics business for $650 million in cash. Net leverage after the Epiq closing was 2.8x on September 30; TTM expects 1.5–2.0x by Ophir's expected closing.
MKS (NASDAQ: MKSI) has signed a definitive agreement to sell its Ophir Optics business to TTM Technologies for $650 million in cash.
The price is subject to customary closing adjustments and represents an estimated multiple of over 18x projected FY 2026 Adjusted EBITDA, an adjusted earnings measure, for Ophir Optics. The business supplies infrared thermal imaging and laser optics for defense, security and industrial applications. The sale excludes the separate Ophir Instruments laser characterization business and the Ophir brand, with no impact on products, services or support for Ophir Instruments customers. Closing is expected in the second quarter of 2027, subject to regulatory approvals and governmental consents and permits.
TTM Technologies (NASDAQ: TTMI) has agreed to acquire MKS’s Ophir Optics business for approximately $650 million in an all-cash transaction. The Israel- and Romania-based business makes infrared thermal imaging and laser optics for defense, security and industrial applications.
TTM expects closing in the second quarter of 2027, subject to regulatory approvals and governmental consents and permits. It estimates the price at roughly 10.3x Ophir Optics’ expected FY 2027 Adjusted EBITDA, without synergies, and expects immediate improvement in its adjusted operating earnings margin and non-GAAP diluted earnings per share.
TTM expects to fund the acquisition and its previously announced $400M Asia capital and capacity expansion with cash on hand, expected future cash flow and revolving credit borrowings. The deal excludes MKS’s Ophir Instruments laser characterization business and the Ophir brand.
MKS (NASDAQ: MKSI) will release its third quarter 2026 financial results after market close on November 4, 2026. Management will hold a conference call on November 5, 2026, at 8:30 a.m. Eastern Time. A live and archived webcast will be available on the company’s investor website.
MKS (MKSI) released its 2026 Environmental, Social, Governance report describing how sustainability is integrated into strategy, operations, and decision‑making.
The report highlights Science Based Targets initiative approval of near‑term Scope 1, 2, and 3 GHG reduction targets, on-site solar generation of about 1,500 MWh in Guangzhou avoiding nearly 900 tCO2e annually, a 91% participation rate in the fifth Global Employee Engagement Survey, and multiple external ESG recognitions. The report also includes disclosures aligned with SASB and TCFD standards.
MKS (Nasdaq: MKSI) announced that it received two 2026 Distinguished Contribution Awards from Zhen Ding Technology Group, a leading printed circuit board and package substrate manufacturer. The honors recognize MKS’ Photonics Solutions Division for Service Excellence and its Materials Solutions Division for Technology Innovation, highlighting strong collaboration in next-generation electronics manufacturing.
MKS (NASDAQ: MKSI) reported second quarter 2026 revenue of $1.248 billion, above the high end of guidance, with GAAP net income of $175 million and diluted EPS of $2.41. Gross margin was 47.6%, GAAP operating margin 20.1%, and Non-GAAP operating margin 25.6%. Non-GAAP diluted EPS was $3.30, and adjusted EBITDA reached $358 million, each above the high end of guidance.
By segment, net revenues were $554 million in Semiconductor, $381 million in Electronics & Packaging, and $313 million in Specialty Industrial. Cash and cash equivalents were $611 million at June 30, 2026, against $1.5 billion of secured term loans, $1.4 billion of convertible senior notes, and €1.0 billion of senior notes, with up to $1.0 billion of revolver capacity. Convertible notes became convertible in the third quarter of 2026 due to stock-price conditions and were reclassified as short-term debt. For third quarter 2026, MKS guides revenue to $1.35 billion ± $40 million, GAAP diluted EPS of $2.73 ± $0.31, Non-GAAP diluted EPS of $3.58 ± $0.31, and adjusted EBITDA of $395 million ± $28 million.