> ## Content Index
> Fetch the complete content index at: https://www.bullished.co/llms.txt
> Use this file to discover other available public pages before exploring further.

# MKS Revenue Hits Record $1,413 Million As Chip Sales Climb 54%, And It Adds A $500 Million Buyback
- URL: https://www.bullished.co/mks-revenue-hits-record-1-413-million-as-chip-sales-climb-54-and-it-adds-a-500-million-b32ebda8/
- Published: 2026-11-04T22:13:49.000Z
- Updated: 2026-11-04T22:13:49.000Z
- Description: The chip-tool supplier also guided fourth-quarter revenue to $1,490 million and lowered the ownership bar for calling a special meeting to 25%.
- Author: Matteo Parrino
- Tags: Earnings, MKSI, Industry: Industrials

[MKS](https://www.bullished.co/tag/mksi/), which makes instruments, subsystems and process-control products for chipmakers and electronics manufacturers, reported [record third-quarter revenue of $1,413 million](https://www.sec.gov/Archives/edgar/data/0001049502/000119312526447410/mksi-ex99%5F1.htm?ref=bullished.co), above the high end of its own guidance. The board also approved a [$500 million share buyback](https://www.sec.gov/Archives/edgar/data/0001049502/000119312526447410/mksi-20261102.htm?ref=bullished.co), according to an [8-K](https://www.bullished.co/learn/8-k-items-explained/) filed Wednesday.

## Chips and packaging lead the quarter

[Semiconductor sales rose](https://www.globenewswire.com/news-release/2026/11/04/3395897/16396/en/mks-inc-reports-third-quarter-2026-financial-results.html?ref=bullished.co) to $638 million from $415 million a year earlier, the 54% growth CEO John T.C. Lee cited. Electronics & Packaging reached $415 million against $289 million, a 43% gain, and Specialty Industrial added $360 million against $284 million.

GAAP net income, the standard-accounting measure, hit a [record $236 million](https://www.globenewswire.com/news-release/2026/11/04/3395897/16396/en/mks-inc-reports-third-quarter-2026-financial-results.html?ref=bullished.co), or $3.26 per diluted share, against $74 million, or $1.10, a year ago. Adjusted EBITDA was a record $434 million, and adjusted earnings were $4.18 per diluted share. Gross margin was 47.7% versus 46.6%.

Free cash flow was $243 million, up from $147 million in the third quarter of 2025\. "Our business momentum continued to build in the third quarter," Lee said, pointing to AI-era demands in stacking, scaling and new materials.

## Fourth-quarter guidance and the buyback

For the fourth quarter, MKS guided revenue of $1,490 million, plus or minus $40 million, and adjusted earnings of $5.00 per share, plus or minus $0.38\. That outlook excludes the pending sale of its Ophir Optics business.

The new repurchase program, effective November 2, replaces a July 2011 plan that had about $28 million left. The board can suspend or end it at any time, and the company [said](https://www.sec.gov/Archives/edgar/data/0001049502/000119312526447410/mksi-ex99%5F2.htm?ref=bullished.co) it lets MKS return capital while it keeps investing in growth and strengthening the balance sheet.

Separately, the board cut the share ownership needed to call a special shareholder meeting to 25% from 40%, measured on a net long basis.

## Converts move to short-term debt

MKS's $1.4 billion of convertible notes were classified as short-term debt at September 30 because the stock price kept meeting the conversion condition, so noteholders can convert during the fourth quarter. The company had $676 million in cash. In November it prepaid $100 million of its USD term loan B.

Nine-month GAAP net income was $495 million, versus $188 million a year earlier. The company pays a $0.25 quarterly dividend, payable December 7 to holders of record November 25.

Management holds its earnings call Thursday at 8:30 a.m. ET.

Learn

- [Item 2.02: results of operations →](https://www.bullished.co/learn/8-k-items-explained/#item-202-results-of-operations)  
From 8-K Items Explained: What Every Item Code From 1.01 To 9.01 Tells You, With Examples

### Sources

- [8-K Filing — MKS INC (MKSI)](https://www.sec.gov/Archives/edgar/data/0001049502/000119312526447410/mksi-20261102.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit mksi-ex99\_1.htm — MKS INC 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001049502/000119312526447410/mksi-ex99%5F1.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit mksi-ex99\_2.htm — MKS INC 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001049502/000119312526447410/mksi-ex99%5F2.htm?ref=bullished.co) — SEC EDGAR
- [MKS Inc. Reports Third Quarter 2026 Financial Results](https://www.globenewswire.com/news-release/2026/11/04/3395897/16396/en/mks-inc-reports-third-quarter-2026-financial-results.html?ref=bullished.co) — globenewswire.com

### More on MKS

- [MKS Agrees To Sell Ophir Optics To TTM Technologies For $650 Million In Cash](https://www.bullished.co/mks-agrees-to-sell-ophir-optics-to-ttm-technologies-for-650-million-in-cash-9059db1e/)

[All MKS (MKSI) coverage →](https://www.bullished.co/tag/mksi/)