MKSI·Semiconductor Materials & Equipment (critical subsystems + process chemistry)

MKS Instruments

ConvictionWeak

Sells enabling subsystems, instruments, lasers/optics and consumable process chemistries to WFE OEMs, PCB/IC-substrate makers and industrial OEMs; content-per-tool rises with node complexity, plus a recurring consumables/services annuity from the Atotech chemistry installed base.

Revenue

$3,931MFY2025, cal yr ended Dec 31 2025); Q1 FY26 $1.08B, +15% YoY

Rev growth

+15% YoYQ1 FY26); FY2025 ~+8% est.

Gross margin

46.7% FY202547% Q1 FY26 (non-GAAP

Op margin

20.7% non-GAAP FY202521.8% Q1 FY26

Capex intensity

~3.8% est.FY2025 capex ~$148M = OCF $645M − FCF $497M / rev $3,931M

Market cap

~$27Best., ~$410/sh × ~67M sh, Jun 25 2026

Price · 1-year trend

real · weekly

$410+310% 1yUSD

52-week range

$93 – $410

52w lowas of 2026-06-25 · Yahoo Finance52w high

Across the boards

The thesis on this name

opportunityWeak

Memory super-cycle monitor

Full context

The read

Where our coverage leans

Coverage leans bullish

Members only

Full financial intelligence for MKS Instruments

Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.

Income statement & margin structure
SWOT, moats & dependency map
Supplier–customer ecosystem graph
Signals, trends & valuation range

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Not investment advice — analyst work product for a qualified professional.· intel vintage Jun 2026· sign in (free) for the analyst summary; Pro unlocks full intelligence