We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
Based on total page views over the last 7 trading days
AAPL
Apple
#1
MU
Micron Technology
#2
NVDA
NVIDIA
#3
SNDK
Sandisk Corporation
#4
AMZN
Amazon.com
#5
SPCX
Space Exploration Technologies Corp.
#6
GOOGL
Alphabet
#7
Based on page view growth over the last 3 trading days
FIX
Comfort Systems USA
Views 266.40%
AMD
Advanced Micro Devices
Views 104.81%
MRVL
Marvell Technology
Views 84.59%
VST
Vistra
Views 78.15%
ALAB
Astera Labs, Inc.
Views 76.13%
ARM
ARM Holdings PLC Sponsored ADR
Views 69.97%
HPE
Hewlett Packard
Views 67.52%
New to Zacks? Get started here.
Don't Know Your Password?
Don't Know Your Password?
Based on total page views over the last 7 trading days
AAPL
Apple
#1
MU
Micron Technology
#2
NVDA
NVIDIA
#3
SNDK
Sandisk Corporation
#4
AMZN
Amazon.com
#5
SPCX
Space Exploration Technologies Corp.
#6
GOOGL
Alphabet
#7
Based on page view growth over the last 3 trading days
FIX
Comfort Systems USA
Views 266.40%
AMD
Advanced Micro Devices
Views 104.81%
MRVL
Marvell Technology
Views 84.59%
VST
Vistra
Views 78.15%
ALAB
Astera Labs, Inc.
Views 76.13%
ARM
ARM Holdings PLC Sponsored ADR
Views 69.97%
HPE
Hewlett Packard
Views 67.52%
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
OK Cancel
Image: Bigstock
Zacks Equity Research
ADI CSCO NVDA MKSI
Better trading starts here.
You follow Analyst Blog – edit
You follow Zacks Equity Research – edit
MKS Inc. (MKSI – Free Report) reported third-quarter 2026 non-GAAP earnings of $4.18 per share, up 116.6% year over year. The figure beat the Zacks Consensus Estimate by 14.84%.
Revenues surged 43% year over year to $1.41 billion and surpassed the consensus mark by 4.12%. Growth was driven by robust demand across Semiconductor and Electronics & Packaging, supported by AI-related investments. Adjusted EBITDA margin expanded to 30.7%, reflecting improved operating leverage and stronger profitability.
Product revenues, which accounted for 89.5% of total revenues, increased 47% year over year to $1.26 billion. The performance reflected strong demand across the company’s semiconductor, electronics and packaging, and specialty industrial end markets.
Services revenues totaled $149 million, representing 10.5% of revenues. The figure increased 16.4% from the year-ago quarter, contributing to the company’s broad-based top-line growth.
MKS Inc. price-consensus-eps-surprise-chart | MKS Inc. Quote
Semiconductor revenues surged 53.7% year over year to $638 million and represented 45.2% of total revenues. Management highlighted accelerating AI-driven demand across semiconductor manufacturing and advanced packaging applications, supported by robust orders and new design wins.
Electronics & Packaging revenues increased 43.6% to $415 million, contributing 29.4% of revenues. Specialty Industrial revenues rose 26.8% to $360 million and accounted for 25.5% of the quarterly total. Management noted that revenues across all three end markets were at or above the high end of guidance, underscoring broad demand strength.
For the third quarter of 2026, gross margin expanded 110 basis points year over year to 47.7%.
Non-GAAP operating expenses were $281 million compared with $256 million a year earlier. The increase in expenses accompanied substantial revenue growth, allowing the company to generate stronger operating leverage.
Adjusted EBITDA climbed 80.8% year over year to a record $434 million. Adjusted EBITDA margin rose 640 basis points to 30.7%, reflecting higher revenues and improved profitability.
Non-GAAP operating income increased 91.7% to $393 million, while the non-GAAP operating margin improved 700 basis points to 27.8%. GAAP income from operations increased to $326 million from $138 million in the prior-year quarter. The operating margin expanded 910 basis points to 23.1%, benefiting from the higher revenue base and gross margin improvement.
As of Sept. 30, 2026, MKS had cash and cash equivalents of $676 million compared with $611 million as of June 30, 2026.
As of Sept. 30, 2026, long-term debt totaled $2.38 billion.
Net cash provided by operating activities was $292 million in the third quarter, up 48.2% year over year.
For the fourth quarter of 2026, MKS expects revenues of $1.49 billion, plus or minus $40 million. Gross margin is projected to be 47.5%, plus or minus 1 percentage point, while non-GAAP operating expenses are expected to be $288 million, plus or minus $5 million.
The company forecasts non-GAAP earnings of $5 per share, plus or minus 38 cents. Non-GAAP net earnings are projected to be $352 million, plus or minus $27 million.
Adjusted EBITDA is expected to reach $461 million, plus or minus $29 million.
MKSI currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader Zacks Computer and Technology sector include Cisco Systems (CSCO – Free Report) , Analog Devices (ADI – Free Report) and NVIDIA (NVDA – Free Report) . Each stock presently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Cisco Systems shares have gained 34.5% year to date. Cisco Systems is set to report first-quarter fiscal 2027 results on Nov. 12.
Shares of Analog Devices have risen 49.7% year to date. Analog Devices is set to report fourth-quarter fiscal 2026 results on Nov. 24.
NVIDIA shares have gained 7.3% year to date. NVIDIA is set to report third-quarter fiscal 2027 results on Nov. 17.
Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next 30-90 days.
Recent stocks from this report have soared up to +97.3% within 30 days – this month’s picks could be even better. See our report’s fresh new picks today – it’s really free!
Privacy Policy No cost, no credit card, no further obligation.
Past performance is no guarantee of future results.
This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc.
Copyright 2026 Zacks Investment Research 101 N Wacker Drive, Floor 15, Chicago, IL 60606
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +23.82% per year. These returns cover a period from January 1, 1988 through October 5, 2026. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks may license the Zacks Mutual Fund rating provided herein to third parties, including but not limited to the issuer.
Visit Performance Disclosure for information about the performance numbers displayed above.
Visit www.zacksdata.com to get our data and content for your mobile app or website.
Real time prices by BATS. Delayed quotes by Sungard.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This site is protected by reCAPTCHA and the Google Privacy Policy, DMCA Policy and Terms of Service apply.
About the Author
