MKS (MKSI) Q3 FY2026 earnings: revenue $1.4 billion, up 43.0% on the year
MKS Inc. (MKSI) reported revenue of $1.4 billion for Q3 FY2026, the quarter ended 30 September 2026, up 43.0% on the same quarter a year earlier. Net income was $236 million, up 218.9% on the year, and diluted earnings per share $3.26. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.
Revenue
$1.4 billion
+43.0% on the year · +13.2% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
23.1%
14.0% a year earlier
Q4 FY2024Q3 FY2026
Net income
$236 million
+218.9% on the year · +34.9% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$3.26
+196.4% on the year · +35.3% on the quarter
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 12 new.
Revenue reached $1,413 million: Revenue was $1,413 million, against $1,248 million in Q2 2026 and $988 million a year earlier. Nine-month revenue was $3,739 million, against $2,898 million.
Non-GAAP earnings per share $4.18: Non-GAAP net earnings were $292 million, or $4.18 per diluted share, against $232 million or $3.30 in Q2 2026 and $130 million or $1.93 a year earlier.
Adjusted EBITDA reached $434 million: Adjusted EBITDA was $434 million, a 30.7% margin, against $358 million at 28.6% in Q2 2026 and $240 million at 24.3% a year earlier.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
292
243
197
+20.2%
+48.2%
Capital expenditure
49.0
54.0
51.0
-9.3%
-3.9%
Free cash flow
243
189
146
+28.6%
+66.4%
Free cash flow margin
17.2%
15.1%
14.8%
Cash from investing
-49.0
-55.0
-51.0
Cash from financing
-181
-148
-128
Depreciation and amortisation
88.0
85.0
85.0
+3.5%
+3.5%
Share-based compensation
15.0
15.0
12.0
0.0%
+25.0%
Buybacks
0.0
0.0
0.0
Dividends paid
17.0
17.0
14.0
0.0%
+21.4%
Dividend per share
$0.25
$0.25
$0.22
0.0%
+13.6%
Diluted shares, weighted
72m
73m
68m
-0.3%
+7.2%
Shares outstanding at period end
68m
68m
67m
0.0%
+0.6%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
3,286
2,988
2,600
+10.0%
+26.4%
Debt
3,777
3,943
4,304
-4.2%
-12.2%
Other liabilities
2,169
2,010
1,873
+7.9%
+15.8%
Total liabilities and equity
9,232
8,941
8,777
+3.3%
+5.2%
Fixed assets
820
798
769
+2.8%
+6.6%
Goodwill
2,600
2,580
2,563
+0.8%
+1.4%
Intangible assets
1,973
2,015
2,196
-2.1%
-10.2%
Cash and equivalents
511
454
413
+12.6%
+23.7%
Receivables
902
830
611
+8.7%
+47.6%
Inventory
1,162
1,033
934
+12.5%
+24.4%
Other assets
1,264
1,231
1,291
+2.7%
-2.1%
Total assets
9,232
8,941
8,777
+3.3%
+5.2%
Questions
What was MKS's revenue in Q3 FY2026?
MKS (MKSI) reported revenue of $1.4 billion for Q3 FY2026, the quarter ended 30 September 2026, up 43.0% on the same quarter a year earlier.
How much did MKS earn in Q3 FY2026?
Net income for Q3 FY2026 was $236 million, up 218.9% on the year, and diluted earnings per share $3.26.
When did MKS report Q3 FY2026 results?
MKS filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.