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For the third quarter of 2026, MKS expects revenues of $1.35 billion, plus or minus $40 million. The consensus mark for the third quarter of 2026 revenues is pegged at $1.36 billion, indicating a 37.36% year-over-year increase.
On a non-GAAP basis, MKSI expects earnings of $3.58 (+/- 31 cents) per share. For the third-quarter of 2026, the Zacks Consensus Estimate for earnings is pegged at $3.64 per share, which has been unchanged over the past 30 days. This suggests a year-over-year increase of 88.60%.
MKSI beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters while missing it once, with an average surprise of 8.22%.
Let’s see how things have shaped up for the upcoming announcement.
Factors Likely to Have Driven MKSI’s Q3 Performance
MKSI’s third-quarter 2026 performance is expected to have benefited from accelerating investments in semiconductor manufacturing equipment, driven by increasing demand for artificial intelligence (AI) infrastructure, advanced logic, DRAM and NAND memory. Strengthening demand for deposition and etch solutions, including RF power systems, vacuum subsystems, plasma generators and reactive gases, is likely to have supported semiconductor revenues.
Growing adoption of photonics and optical components for lithography, metrology and inspection applications is expected to have contributed to growth. Continued NAND upgrade activity, particularly in high-aspect-ratio dielectric etch applications and robust order backlogs are additional positives. MKS expects semiconductor revenues to grow more than 50% year over year to approximately $630 million in the to-be-reported quarter.
MKSI’s Electronics and Packaging business is likely to have benefited from increasing AI server investments, rising advanced printed circuit board (PCB) complexity and robust demand for chemistry equipment. Growing requirements for higher-layer-count PCBs, advanced packaging and optical modules are expected to have supported demand for proprietary chemistry solutions and electroplating equipment.
Strong chemistry equipment orders, expanding customer investments and increasing adoption of higher-value equipment are likely to have strengthened revenues. Improving demand for rigid PCB drilling solutions is also expected to have contributed to growth. In the third quarter of 2026, MKSI expects Electronics and Packaging revenues to increase more than 30% year over year to approximately $385 million, despite seasonal softness in flexible PCB drilling equipment.
MKSI’s Specialty Industrial business is expected to have gained from strengthening demand across datacom and defense applications in the to-be-reported quarter. Accelerating investments in AI data centers are likely to have boosted demand for communications testing solutions, while sustained defense spending is expected to have supported its specialized technology offerings. Improving industrial market conditions and higher semiconductor equipment utilization, supporting service revenues, are additional positives. MKSI expects Specialty Industrial revenues of approximately $335 million in the third quarter.
However, MKSI’s third-quarter 2026 performance is likely to be hurt by seasonal weakness in flexible PCB drilling equipment demand. An unfavorable product mix, coupled with higher costs associated with capacity expansion and increased working capital investments, is expected to have pressured margins and cash flow.
What Our Model Says About MKSI
According to the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. But that’s not the exact case here.
MKSI currently has an Earnings ESP of 0.00% and a Zacks Rank #2. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Stocks With Favorable Combination
Here are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.
View the Zacks #1 Rank List
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MKSI Gears Up to Report Q3 Earnings: What's in Store for the Stock?
Key Takeaways
MKS Inc. (MKSI - Free Report) is scheduled to report its third-quarter 2026 earnings results on Nov. 4.
For the third quarter of 2026, MKS expects revenues of $1.35 billion, plus or minus $40 million. The consensus mark for the third quarter of 2026 revenues is pegged at $1.36 billion, indicating a 37.36% year-over-year increase.
On a non-GAAP basis, MKSI expects earnings of $3.58 (+/- 31 cents) per share. For the third-quarter of 2026, the Zacks Consensus Estimate for earnings is pegged at $3.64 per share, which has been unchanged over the past 30 days. This suggests a year-over-year increase of 88.60%.
MKSI beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters while missing it once, with an average surprise of 8.22%.
MKS Inc. Price and EPS Surprise
MKS Inc. price-eps-surprise | MKS Inc. Quote
Let’s see how things have shaped up for the upcoming announcement.
Factors Likely to Have Driven MKSI’s Q3 Performance
MKSI’s third-quarter 2026 performance is expected to have benefited from accelerating investments in semiconductor manufacturing equipment, driven by increasing demand for artificial intelligence (AI) infrastructure, advanced logic, DRAM and NAND memory. Strengthening demand for deposition and etch solutions, including RF power systems, vacuum subsystems, plasma generators and reactive gases, is likely to have supported semiconductor revenues.
Growing adoption of photonics and optical components for lithography, metrology and inspection applications is expected to have contributed to growth. Continued NAND upgrade activity, particularly in high-aspect-ratio dielectric etch applications and robust order backlogs are additional positives. MKS expects semiconductor revenues to grow more than 50% year over year to approximately $630 million in the to-be-reported quarter.
MKSI’s Electronics and Packaging business is likely to have benefited from increasing AI server investments, rising advanced printed circuit board (PCB) complexity and robust demand for chemistry equipment. Growing requirements for higher-layer-count PCBs, advanced packaging and optical modules are expected to have supported demand for proprietary chemistry solutions and electroplating equipment.
Strong chemistry equipment orders, expanding customer investments and increasing adoption of higher-value equipment are likely to have strengthened revenues. Improving demand for rigid PCB drilling solutions is also expected to have contributed to growth. In the third quarter of 2026, MKSI expects Electronics and Packaging revenues to increase more than 30% year over year to approximately $385 million, despite seasonal softness in flexible PCB drilling equipment.
MKSI’s Specialty Industrial business is expected to have gained from strengthening demand across datacom and defense applications in the to-be-reported quarter. Accelerating investments in AI data centers are likely to have boosted demand for communications testing solutions, while sustained defense spending is expected to have supported its specialized technology offerings. Improving industrial market conditions and higher semiconductor equipment utilization, supporting service revenues, are additional positives. MKSI expects Specialty Industrial revenues of approximately $335 million in the third quarter.
However, MKSI’s third-quarter 2026 performance is likely to be hurt by seasonal weakness in flexible PCB drilling equipment demand. An unfavorable product mix, coupled with higher costs associated with capacity expansion and increased working capital investments, is expected to have pressured margins and cash flow.
What Our Model Says About MKSI
According to the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. But that’s not the exact case here.
MKSI currently has an Earnings ESP of 0.00% and a Zacks Rank #2. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Stocks With Favorable Combination
Here are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.
Camtek (CAMT - Free Report) has an Earnings ESP of +0.85% and a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Camtek is slated to report third-quarter 2026 results on Nov. 4. Camtek shares have gained 9.7% year-to-date.
Revvity, Inc. (RVTY - Free Report) has an Earnings ESP of +1.03% and carries a Zacks Rank #3 at present.
Revvity is set to report third-quarter 2026 results on Nov. 3. Revvity shares have surged 62.3% year-to-date.
Block (XYZ - Free Report) has an Earnings ESP of +1.67% and carries a Zacks Rank #3 at present.
Block is set to report third-quarter 2026 results on Nov. 3. Block shares have rallied 17.1% year-to-date.