MKS Q1 revenue growth tops expectations on AI-related demand

MKS INCORPORATED

06/05/2026 21:52

Overview

US semiconductor technology provider's preliminary Q1 revenue rose, beating analyst expectations

Adjusted EPS and net income for Q1 increased yr/yr

Company raised quarterly dividend and completed major debt refinancing, including €1.0 bln senior notes

Outlook

MKS Inc. sees Q2 2026 revenue of $1.2 bln, plus or minus $40 mln

Company expects Q2 2026 non-GAAP EPS of $2.90, plus or minus $0.30

Company says Q2 outlook reflects accelerating demand from AI-related applications

Result Drivers

AI-RELATED DEMAND - Co said accelerating, broad-based demand was fueled by ramping investment in AI-related applications

SEMICONDUCTOR AND ELECTRONICS GROWTH - Co attributed revenue growth to strong bookings in semiconductor and advanced circuit board manufacturing

OPERATING DISCIPLINE - Co said solid gross margins and operating discipline supported profitability

Company press release: ID:nGNXbsrvCV

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.08 bln
$1.05 bln (11 Analysts)
Q1 EPS
$1.18
Q1 Net Income
$84 mln
Q1 Pretax Profit
$102 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

Wall Street's median 12-month price target for MKS Incorporated is $307.50, about 6.9% above its May 5 closing price of $287.65

The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 26 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)