MKS Inc. Q2 revenue jumps 28% to $1.25B; convertible notes shift to short-term
MKSI has more than doubled off its 52-week low of $88.49.
Summary
MKS Inc. posted Q2 2026 revenue of $1.248B, up 28% YoY and above consensus, with diluted EPS of $2.41. Its $1.4B convertible notes are now convertible, creating a potential near-term dilution overhang.
Key Events · Earnings and Guidance · MKSI
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Q2 Revenue Beats Consensus
Revenue of $1.248B grew 28% YoY, exceeding the $1.21B consensus. Semiconductor revenue led at $554M, up 28% YoY.
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Earnings Surge
Net income reached $175M, with diluted EPS of $2.41. Operating income more than doubled to $251M from $135M a year ago.
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Convertible Notes Now Short-Term
The $1.4B convertible notes met the Sale Price Condition, making them convertible at the holder's option through September 2026. They are reclassified as short-term debt, creating a potential dilution overhang.
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Executive 10b5-1 Plans Adopted
Two EVPs adopted Rule 10b5-1 trading plans for up to 4,000 shares each, indicating planned sales over the coming months.
Analysis · MKSI · Industrial Applications And Services
A strong quarter for MKS Inc. saw revenue climb 28% year-over-year to $1.248 billion, topping the $1.21 billion consensus. Net income reached $175 million, translating to diluted EPS of $2.41. Separately, the company disclosed that its $1.4 billion convertible notes are now convertible at the holder's option through September 2026, prompting a reclassification to short-term debt—a potential overhang if holders elect to convert. In other developments, two EVPs adopted 10b5-1 trading plans, and a new General Counsel was appointed. The results confirm that the semiconductor upcycle is fueling broad-based demand across all three segments.
At the time of this filing, MKSI was trading at $293.96 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $19.9B. The 52-week trading range was $88.49 to $447.62. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.