Reve ue of $1,248 millio , above the high e d of guida ce GAAP et i come of $175 millio a d et i come pe diluted sha e of $2.41, each above the high e d of guida ce Adjusted EBITDA of $358 millio a d No -GAAP et ea i gs pe diluted sha e of $3.30, each above the high e d of guida ce
ANDOVER, Mass., Aug. 05, 2026 (GLOBE NEWSWIRE) — MKS I c. (NASDAQ: MKSI), a global p ovide of e abli g tech ologies that t a sfo m ou wo ld, today epo ted its fi a cial esults fo the seco d qua te of 2026.
“MKS delive ed accele ated double-digit yea -ove -yea eve ue g owth ac oss each of ou e d ma kets i the seco d qua te , demo st ati g ou fou datio al ole as a e able of adva ced elect o ics,” said Joh T.C. Lee, P eside t a d Chief Executive Office . “As AI-d ive i vestme t levels i te sify ac oss semico ducto a d adva ced packagi g applicatio s, ou mome tum is co ti ui g to build, i cludi g apidly g owi g o de volumes. With the i dust y’s b oadest tech ology capabilities, deep elatio ships i the elect o ics ecosystem, a d e ha ced capacity to delive to custome dema d, we a e co fide t i MKS’ ea – a d lo g-te m g owth p ospects.”
“Ou seco d qua te eve ue a d key p ofitability met ics o ce agai came i at o above the high e d of ou guided a ges, u de sco i g ou st o g executio a d favo able positio i a obust dema d e vi o me t,” said Ram Mayampu ath, Executive Vice P eside t a d Chief Fi a cial Office . “We a e demo st ati g ou ability to d ive p ofitable g owth a d healthy f ee cash flow as we fu the st e gthe ou bala ce sheet a d i vest fo the futu e.”
| Semico ducto | $ | 554 | $ | 466 | $ | 432 | $ | 1,019 | $ | 846 | Elect o ics & Packagi g | 381 | 321 | 266 | 703 | 519 | Specialty I dust ial | 313 | 291 | 275 | 604 | 545 | Total et eve ues | $ | 1,248 | $ | 1,078 | $ | 973 | $ | 2,326 | $ | 1,910 | 47.6 | % | 47.0 | % | 46.6 | % | 47.3 | % | 47.0 | % | Ope ati g ma gi | 20.1 | % | 13.8 | % | 13.9 | % | 17.2 | % | 12.9 | % | Net i come | $ | 175 | $ | 84 | $ | 62 | $ | 258 | $ | 114 | Net i come pe diluted sha e | $ | 2.41 | $ | 1.18 | $ | 0.92 | $ | 3.60 | $ | 1.69 | Ope ati g ma gi | 25.6 | % | 21.8 | % | 20.8 | % | 23.9 | % | 20.5 | % | Net ea i gs | $ | 232 | $ | 157 | $ | 119 | $ | 389 | $ | 235 | Net ea i gs pe diluted sha e | $ | 3.30 | $ | 2.30 | $ | 1.77 | $ | 5.61 | $ | 3.48 |
At Ju e 30, 2026, the Compa y had $611 millio i cash a d cash equivale ts, $1.5 billio of secu ed te m loa p i cipal outsta di g, $1.4 billio of co ve tible se io otes outsta di g, €1.0 billio of se io otes outsta di g a d up to $1.0 billio of additio al bo owi g capacity u de a evolvi g c edit facility, subject to ce tai leve age atio equi eme ts. The t adi g p ice of ou commo stock du i g the seco d qua te of 2026 esulted i the satisfactio of the stock p ice co ve sio co ditio u de the i de tu e gove i g ou co ve tible se io otes. As a esult, the co ve tible se io otes a e co ve tible, i whole o i pa t, at the optio of the oteholde s at a y time du i g the thi d qua te of 2026, a d we e classified as sho t-te m debt, et of issua ces costs, at Ju e 30, 2026.
I August 2026, the Compa y made a volu ta y p i cipal p epayme t of $100 millio o its USD te m loa B.
- Reve ue of $1,350 millio , plus o mi us $40 millio
- G oss ma gi of 47.0%, plus o mi us 1.0%
- GAAP ope ati g expe ses of $346 millio , plus o mi us $5 millio a d No -GAAP ope ati g expe ses of $280 millio , plus o mi us $5 millio
- GAAP et i come of $201 millio , plus o mi us $23 millio a d No -GAAP et ea i gs of $257 millio , plus o mi us $22 millio
- GAAP et i come pe diluted sha e of $2.73, plus o mi us $0.31 a d No -GAAP et ea i gs pe diluted sha e of $3.58, plus o mi us $0.31
- Adjusted EBITDA of $395 millio , plus o mi us $28 millio
The guida ce fo the thi d qua te is based o the cu e t busi ess e vi o me t, i cludi g the impact of U.S. impo t ta iffs a d the impositio of etaliato y actio s take by othe cou t ies up th ough but ot i cludi g the date of this elease. The Compa y will co ti ue to mo ito a d adapt to cha ges i the busi ess e vi o me t as eeded.
A co fe e ce call with ma ageme t will be held o Thu sday, August 6, 2026 at 8:30 a.m. (Easte Time). To pa ticipate i the call by pho e, pa ticipa ts should visit the I vesto Relatio s sectio of MKS’ website at i vesto .mks.com a d click o Eve ts & P ese tatio s, whe e you will be able to egiste o li e a d eceive dial-i details. We e cou age pa ticipa ts to egiste a d dial i to the co fe e ce call at least 15 mi utes befo e the sta t of the call to e su e a timely co ectio . A live a d a chived webcast a d elated p ese tatio mate ials will be available o the I vesto Relatio s sectio of the MKS website.
MKS I c. (NASDAQ: MKSI) e ables tech ologies that t a sfo m ou wo ld. We delive fou datio al tech ology solutio s to leadi g edge semico ducto ma ufactu i g, elect o ics a d packagi g, a d specialty i dust ial applicatio s. We apply ou b oad scie ce a d e gi ee i g capabilities to c eate i st ume ts, subsystems, systems, p ocess co t ol solutio s a d specialty chemicals tech ology that imp ove p ocess pe fo ma ce, optimize p oductivity a d e able u ique i ovatio s fo ma y of the wo ld’s leadi g tech ology a d i dust ial compa ies. Ou solutio s a e c itical to add essi g the challe ges of mi iatu izatio a d complexity i adva ced device ma ufactu i g by e abli g i c eased powe , speed, featu e e ha ceme t, a d optimized co ectivity. Ou solutio s a e also c itical to add essi g eve -i c easi g pe fo ma ce equi eme ts ac oss a wide a ay of specialty i dust ial applicatio s. Additio al i fo matio ca be fou d at www.mks.com.
This p ess elease i cludes fi a cial measu es that a e ot i acco da ce with U.S. ge e ally accepted accou ti g p i ciples (“No -GAAP fi a cial measu es”). These No -GAAP fi a cial measu es should be viewed i additio to, a d ot as a substitute fo , MKS’ epo ted esults u de U.S. ge e ally accepted accou ti g p i ciples (“GAAP”), a d may be diffe e t f om No -GAAP fi a cial measu es used by othe compa ies. I additio , these No -GAAP fi a cial measu es a e ot based o a y comp ehe sive set of accou ti g ules o p i ciples. MKS ma ageme t believes the p ese tatio of these No -GAAP fi a cial measu es is useful to i vesto s fo compa i g p io pe iods a d a alyzi g o goi g busi ess t e ds a d ope ati g esults. Fo fu the i fo matio ega di g these No -GAAP fi a cial measu es, please efe to the tables p ese ti g eco ciliatio s of ou No -GAAP esults to ou GAAP esults a d the “Notes o Ou No -GAAP Fi a cial I fo matio ” at the e d of this p ess elease.
This p ess elease co tai s “fo wa d-looki g stateme ts” withi the mea i g of the P ivate Secu ities Litigatio Refo m Act of 1995, Sectio 27A of the Secu ities Act of 1933 a d Sectio 21E of the Secu ities Excha ge Act of 1934 ega di g the futu e fi a cial pe fo ma ce, busi ess p ospects a d g owth of MKS I c. (“MKS,” the “Compa y,” “ou ,” o “we”). These stateme ts a e o ly p edictio s based o cu e t assumptio s a d expectatio s. A y stateme ts that a e ot stateme ts of histo ical fact (i cludi g stateme ts co tai i g the wo ds “will,” “p ojects,” “i te ds,” “believes,” “pla s,” “a ticipates,” “expects,” “estimates,” “fo ecasts,” “co ti ues” a d simila exp essio s) should be co side ed fo wa d-looki g stateme ts. Actual eve ts o esults may diffe mate ially f om those i the fo wa d-looki g stateme ts set fo th he ei . Amo g the impo ta t facto s that could cause actual eve ts to diffe mate ially f om those i the fo wa d-looki g stateme ts that we make a e the level a d te ms of ou substa tial i debted ess a d ou ability to se vice such debt; isks elated to pu sui g, completi g, a d/o faili g to ealize the be efits of acquisitio s a d othe st ategic t a sactio s c itical to ou g owth st ategy; isks elated to cybe secu ity, data p ivacy a d i tellectual p ope ty; ma ufactu i g a d sou ci g isks, i cludi g supply chai dis uptio s, compo e t sho tages a d p ice i c eases, the use of limited, sole sou ce a d i te atio al supplie s, the elocatio of ma ufactu i g ope atio s, a d p oduct defects; isks associated with doi g busi ess i te atio ally, i cludi g geopolitical co flicts, t ade complia ce, t ade p otectio measu es, such as impo t ta iffs by the U ited States a d/o etaliato y actio s take by othe cou t ies, egulato y est ictio s o ou p oducts, compo e ts o ma kets, pa ticula ly the semico ducto ma ket, a d u favo able cu e cy excha ge a d tax ate fluctuatio s; co ditio s affecti g the ma kets i which we ope ate, i cludi g i te se competitio , apid tech ological a d ma ket cha ges, depe de ce o ew p oduct developme t, the ability to a ticipate a d meet custome dema d, fluctuatio s i capital spe di g i the semico ducto , elect o ics ma ufactu i g a d automotive i dust ies, a d fluctuatio s i sales to ou majo custome s; dis uptio s o delays f om thi d-pa ty se vice p ovide s upo which ou ope atio s may ely; isks associated with the att actio a d ete tio of key pe so el; pote tial fluctuatio s i qua te ly esults; volatility of stock p ice; isks associated with chemical ma ufactu i g a d e vi o me tal egulatio complia ce; isks associated with a tificial i tellige ce (“AI”); fi a cial a d legal isk ma ageme t; a d the othe impo ta t facto s desc ibed u de the headi g “Risk Facto s” i Pa t I, Item 1A of ou A ual Repo t o Fo m 10-K fo the yea e ded Decembe 31, 2025 filed with the U.S. Secu ities a d Excha ge Commissio a d a y subseque t Qua te ly Repo ts o Fo m 10-Q. MKS is u de o obligatio to, a d exp essly disclaims a y obligatio to, update o alte these fo wa d-looki g stateme ts, whethe as a esult of ew i fo matio , futu e eve ts o othe wise, eve if subseque t eve ts cause ou views to cha ge, afte the date of this p ess elease. Amou ts epo ted i this p ess elease a e p elimi a y a d subject to fi alizatio p io to the fili g of ou Qua te ly Repo t o Fo m 10-Q fo the qua te e ded Ju e 30, 2026.
Compa y Co tact:Pa etosh Mis aVice P eside t, I vesto Relatio sTelepho e: (978) 284-4705Email: pa etosh.mis a@mks.com
| Th ee Mo ths E ded | Six Mo ths E ded | Ju e 30, | Ma ch 31, | Ju e 30, | Ju e 30, | Ju e 30, | 2026 | 2026 | 2025 | 2026 | 2025 | Net eve ues: | P oducts | $ | 1,104 | $ | 954 | $ | 848 | $ | 2,058 | $ | 1,668 | Se vices | 144 | 124 | 125 | 268 | 242 | Total et eve ues | 1,248 | 1,078 | 973 | 2,326 | 1,910 | Cost of eve ues: | P oducts | 582 | 514 | 463 | 1,096 | 900 | Se vices | 71 | 57 | 57 | 129 | 113 | Total cost of eve ues (exclusive of amo tizatio show sepa ately below) | 653 | 571 | 520 | 1,225 | 1,013 | G oss p ofit | 595 | 507 | 453 | 1,101 | 897 | Resea ch a d developme t | 76 | 81 | 76 | 157 | 145 | Selli g, ge e al a d admi ist ative | 200 | 190 | 175 | 389 | 361 | Rest uctu i g a d othe | 6 | 3 | 5 | 9 | 21 | Legal settleme t | — | 3 | — | 3 | — | Fees a d expe ses elated to debt activities | — | 18 | — | 18 | 2 | Amo tizatio of i ta gible assets | 62 | 63 | 62 | 125 | 122 | I come f om ope atio s | 251 | 149 | 135 | 400 | 246 | I te est i come | (2 | ) | (2 | ) | (4 | ) | (4 | ) | (7 | ) | I te est expe se | 38 | 45 | 55 | 83 | 108 | Loss o exti guishme t of debt | 4 | 5 | 2 | 9 | 5 | Othe (i come) expe se, et | (2 | ) | (1 | ) | 10 | (2 | ) | 9 | I come befo e i come taxes | 213 | 102 | 72 | 314 | 131 | P ovisio fo i come taxes | 38 | 18 | 10 | 56 | 17 | Net i come | $ | 175 | $ | 84 | $ | 62 | $ | 258 | $ | 114 | Net i come pe commo sha e: | Basic | $ | 2.59 | $ | 1.24 | $ | 0.92 | $ | 3.83 | $ | 1.69 | Diluted | $ | 2.41 | $ | 1.18 | $ | 0.92 | $ | 3.60 | $ | 1.69 | Cash divide ds pe commo sha e | $ | 0.25 | $ | 0.25 | $ | 0.22 | $ | 0.50 | $ | 0.44 | Weighted ave age commo sha es outsta di g: | Basic | 67.6 | 67.4 | 67.2 | 67.5 | 67.3 | Diluted | 72.7 | 71.1 | 67.4 | 71.9 | 67.5 |
| Ju e 30, | Decembe 31, | 2026 | 2025 | ASSETS | Cash a d cash equivale ts | $ | 611 | $ | 675 | T ade accou ts eceivable, et | 830 | 651 | I ve to ies | 1,033 | 921 | Othe cu e t assets | 300 | 263 | Total cu e t assets | 2,774 | 2,510 | P ope ty, pla t a d equipme t, et | 798 | 810 | Right-of-use assets | 265 | 270 | Goodwill | 2,580 | 2,574 | I ta gible assets, et | 2,015 | 2,140 | Othe assets | 509 | 492 | Total assets | $ | 8,941 | $ | 8,796 | LIABILITIES AND STOCKHOLDERS’ EQUITY | Sho t-te m debt | $ | 1,399 | $ | 51 | Accou ts payable | 534 | 407 | Othe cu e t liabilities | 491 | 469 | Total cu e t liabilities | 2,424 | 927 | Lo g-te m debt, et | 2,544 | 4,150 | No -cu e t defe ed taxes | 438 | 474 | No -cu e t acc ued compe satio | 147 | 149 | No -cu e t lease liabilities | 243 | 246 | Othe o -cu e t liabilities | 157 | 131 | Total liabilities | 5,953 | 6,077 | Stockholde s’ equity: | Commo stock | — | — | Additio al paid-i capital | 2,093 | 2,101 | Retai ed ea i gs | 936 | 711 | Accumulated othe comp ehe sive loss | (41 | ) | (93 | ) | Total stockholde s’ equity | 2,988 | 2,719 | Total liabilities a d stockholde s’ equity | $ | 8,941 | $ | 8,796 |
| Th ee Mo ths E ded | Six Mo ths E ded | Ju e 30, | Ma ch 31, | Ju e 30, | Ju e 30, | Ju e 30, | 2026 | 2026 | 2025 | 2026 | 2025 | Cash flows f om ope ati g activities: | Net i come | $ | 175 | $ | 84 | $ | 62 | $ | 258 | $ | 114 | Adjustme ts to eco cile et i come to et cash p ovided by ope ati g activities: | Dep eciatio a d amo tizatio | 85 | 85 | 87 | 171 | 172 | U ealized (gai ) loss o fo eig cu e cy a d de ivative i st ume ts | (2 | ) | — | 2 | (2 | ) | 4 | Amo tizatio of debt issua ce costs a d o igi al issue discou ts | 3 | 4 | 7 | 8 | 13 | Loss o exti guishme t of debt | 4 | 5 | 2 | 9 | 5 | Stock-based compe satio | 15 | 19 | 12 | 34 | 34 | P ovisio fo excess a d obsolete i ve to y | 5 | 13 | 10 | 17 | 27 | Defe ed i come taxes | (20 | ) | (24 | ) | (44 | ) | (44 | ) | (80 | ) | Othe | (4 | ) | 1 | (1 | ) | (4 | ) | — | Cha ges i ope ati g assets a d liabilities | (18 | ) | (134 | ) | 28 | (151 | ) | 17 | Net cash p ovided by ope ati g activities | 243 | 53 | 165 | 296 | 306 | Cash flows f om i vesti g activities: | Pu chases of i vestme ts | — | — | — | (1 | ) | — | P oceeds f om sale of lo g-lived assets | — | — | 2 | — | 2 | Pu chases of p ope ty, pla t a d equipme t | (55 | ) | (25 | ) | (29 | ) | (79 | ) | (47 | ) | Net cash used i i vesti g activities | (55 | ) | (25 | ) | (27 | ) | (80 | ) | (45 | ) | Cash flows f om fi a ci g activities: | Repu chase of commo stock | — | — | — | — | (45 | ) | P oceeds f om bo owi gs | — | 1,192 | — | 1,192 | — | Payme ts of bo owi gs | (104 | ) | (1,274 | ) | (113 | ) | (1,378 | ) | (225 | ) | Payme ts of defe ed fi a ci g fees | — | (22 | ) | — | (22 | ) | — | Divide d payme ts | (17 | ) | (17 | ) | (15 | ) | (34 | ) | (30 | ) | Net payme ts elated to employee stock awa ds | (26 | ) | (16 | ) | — | (42 | ) | (5 | ) | Othe fi a ci g activities | (1 | ) | — | (1 | ) | (1 | ) | (4 | ) | Net cash used i fi a ci g activities | (148 | ) | (137 | ) | (129 | ) | (285 | ) | (309 | ) | Effect of excha ge ate cha ges o cash a d cash equivale ts | 2 | 3 | 10 | 5 | 8 | I c ease (dec ease) i cash a d cash equivale ts | 42 | (106 | ) | 19 | (64 | ) | (40 | ) | Cash a d cash equivale ts at begi i g of pe iod | 569 | 675 | 655 | 675 | 714 | Cash a d cash equivale ts at e d of pe iod | $ | 611 | $ | 569 | $ | 674 | $ | 611 | $ | 674 |
| Th ee Mo ths E ded | Six Mo ths E ded | Ju e 30, | Ma ch 31, | Ju e 30, | Ju e 30, | Ju e 30, | 2026 | 2026 | 2025 | 2026 | 2025 | Net i come | $ | 175 | $ | 84 | $ | 62 | $ | 258 | $ | 114 | Rest uctu i g a d othe | 6 | 3 | 5 | 9 | 21 | Legal settleme t | — | 3 | — | 3 | — | Amo tizatio of i ta gible assets | 62 | 63 | 62 | 125 | 122 | Loss o exti guishme t of debt | 4 | 5 | 2 | 9 | 5 | Amo tizatio of debt issua ce costs | 3 | 4 | 5 | 7 | 9 | Loss f om de-desig atio of i te est ate hedges | — | 2 | — | 2 | — | Fees a d expe ses elated to debt activities | — | 18 | — | 18 | 2 | Tax effect of No -GAAP adjustme ts | (18 | ) | (23 | ) | (17 | ) | (42 | ) | (38 | ) | No -GAAP et ea i gs | $ | 232 | $ | 157 | $ | 119 | $ | 389 | $ | 235 | No -GAAP et ea i gs pe diluted sha e | $ | 3.30 | $ | 2.30 | $ | 1.77 | $ | 5.61 | $ | 3.48 | Weighted ave age diluted sha es outsta di g | 72.7 | 71.1 | 67.4 | 71.9 | 67.5 | Co ve tible debt capped calls | (2.4 | ) | (2.9 | ) | — | (2.7 | ) | — | No -GAAP weighted ave age diluted sha es outsta di g | 70.3 | 68.2 | 67.4 | 69.2 | 67.5 | Net cash p ovided by ope ati g activities | $ | 243 | $ | 53 | $ | 165 | $ | 296 | $ | 306 | Pu chases of p ope ty, pla t a d equipme t | (55 | ) | (25 | ) | (29 | ) | (79 | ) | (47 | ) | F ee cash flow | $ | 188 | $ | 29 | $ | 136 | $ | 217 | $ | 259 | Ope ati g expe ses | $ | 344 | $ | 358 | $ | 318 | $ | 701 | $ | 651 | Rest uctu i g a d othe | 6 | 3 | 5 | 9 | 21 | Legal settleme t | — | 3 | — | 3 | — | Amo tizatio of i ta gible assets | 62 | 63 | 62 | 125 | 122 | Fees a d expe ses elated to debt activities | — | 18 | — | 18 | 2 | No -GAAP ope ati g expe ses | $ | 275 | $ | 271 | $ | 251 | $ | 547 | $ | 505 | I come f om ope atio s | $ | 251 | $ | 149 | $ | 135 | $ | 400 | $ | 246 | Ope ati g ma gi | 20.1 | % | 13.8 | % | 13.9 | % | 17.2 | % | 12.9 | % | Rest uctu i g a d othe | 6 | 3 | 5 | 9 | 21 | Legal settleme t | — | 3 | — | 3 | — | Amo tizatio of i ta gible assets | 62 | 63 | 62 | 125 | 122 | Fees a d expe ses elated to debt activities | — | 18 | — | 18 | 2 | No -GAAP i come f om ope atio s | $ | 320 | $ | 235 | $ | 202 | $ | 555 | $ | 392 | No -GAAP ope ati g ma gi | 25.6 | % | 21.8 | % | 20.8 | % | 23.9 | % | 20.5 | % | I te est expe se, et | $ | 36 | $ | 43 | $ | 51 | $ | 79 | $ | 101 | Amo tizatio of debt issua ce costs | 3 | 4 | 5 | 7 | 9 | Loss f om de-desig atio of i te est ate hedges | — | 2 | — | 2 | — | No -GAAP i te est expe se, et | $ | 33 | $ | 37 | $ | 46 | $ | 71 | $ | 92 | Net i come | $ | 175 | $ | 84 | $ | 62 | $ | 258 | $ | 114 | I te est expe se, et | 36 | 43 | 51 | 79 | 101 | Othe (i come) expe se, et | (2 | ) | (1 | ) | 10 | (2 | ) | 9 | P ovisio fo i come taxes | 38 | 18 | 10 | 56 | 17 | Dep eciatio | 23 | 22 | 26 | 46 | 51 | Amo tizatio of i ta gible assets | 62 | 63 | 62 | 125 | 122 | Stock-based compe satio | 15 | 19 | 12 | 34 | 34 | Rest uctu i g a d othe | 6 | 3 | 5 | 9 | 21 | Legal settleme t | — | 3 | — | 3 | — | Loss o exti guishme t of debt | 4 | 5 | 2 | 9 | 5 | Fees a d expe ses elated to debt activities | — | 18 | — | 18 | 2 | Adjusted EBITDA | $ | 358 | $ | 277 | $ | 240 | $ | 635 | $ | 476 | Adjusted EBITDA ma gi | 28.6 | % | 25.7 | % | 24.7 | % | 27.3 | % | 24.9 | % |
| Th ee Mo ths E ded Ju e 30, 2026 | Th ee Mo ths E ded Ma ch 31, 2026 | I come Befo eI come Taxes | P ovisio fo I come Taxes | EffectiveTax Rate | I come Befo e I come Taxes | P ovisio fo I come Taxes | EffectiveTax Rate | GAAP | $ | 213 | $ | 38 | 17.8 | % | $ | 102 | $ | 18 | 17.7 | % | Rest uctu i g a d othe | 6 | — | 3 | — | Legal settleme t | — | — | 3 | — | Amo tizatio of i ta gible assets | 62 | — | 63 | — | Loss o exti guishme t of debt | 4 | — | 5 | — | Amo tizatio of debt issua ce costs | 3 | — | 4 | — | Loss f om de-desig atio of i te est ate hedges | — | — | 2 | — | Fees a d expe ses elated to debt activities | — | — | 18 | — | Tax effect of No -GAAP adjustme ts | — | 18 | — | 23 | No -GAAP | $ | 288 | $ | 56 | 19.6 | % | $ | 198 | $ | 41 | 20.9 | % | Th ee Mo ths E ded Ju e 30, 2025 | I come Befo eI come Taxes | P ovisio fo I come Taxes | EffectiveTax Rate | GAAP | $ | 72 | $ | 10 | 13.6 | % | Rest uctu i g a d othe | 5 | — | Amo tizatio of i ta gible assets | 62 | — | Loss o exti guishme t of debt | 2 | — | Amo tizatio of debt issua ce costs | 5 | — | Fees a d expe ses elated to debt activities | — | — | Tax effect of No -GAAP adjustme ts | — | 17 | No -GAAP | $ | 146 | $ | 27 | 18.2 | % | Six Mo ths E ded Ju e 30, 2026 | Six Mo ths E ded Ju e 30, 2025 | I come Befo eI come Taxes | P ovisio fo I come Taxes | EffectiveTax Rate | I come Befo eI come Taxes | P ovisio fo I come Taxes | EffectiveTax Rate | GAAP | $ | 314 | $ | 56 | 17.8 | % | $ | 131 | $ | 17 | 13.0 | % | Rest uctu i g a d othe | 9 | — | 21 | — | Legal settleme t | 3 | — | — | — | Amo tizatio of i ta gible assets | 125 | — | 122 | — | Loss o exti guishme t of debt | 9 | — | 5 | — | Amo tizatio of debt issua ce costs | 7 | — | 9 | — | Loss f om de-desig atio of i te est ate hedges | 2 | — | — | — | Fees a d expe ses elated to debt activities | 18 | — | 2 | — | Tax effect of No -GAAP adjustme ts | — | 42 | — | 38 | No -GAAP | $ | 486 | $ | 98 | 20.1 | % | $ | 290 | $ | 55 | 19.1 | % |
| Th ee Mo ths E di g Septembe 30, 2026 | $ Amou t | Pe Sha e | GAAP et i come a d et i come pe sha e | $ | 201 | $ | 2.73 | Rest uctu i g a d othe | 5 | Amo tizatio of i ta gible assets | 61 | Loss o exti guishme t of debt | 6 | Amo tizatio of debt issua ce costs | 3 | Tax effect of No -GAAP adjustme ts | (19 | ) | No -GAAP et ea i gs a d et ea i gs pe sha e | $ | 257 | $ | 3.58 | Weighted ave age diluted sha es | 73.6 | Co ve tible debt capped calls | (1.8 | ) | No -GAAP weighted ave age diluted sha es | 71.8 | GAAP ope ati g expe ses | $ | 346 | Rest uctu i g a d othe | (5 | ) | Amo tizatio of i ta gible assets | (61 | ) | No -GAAP ope ati g expe ses | $ | 280 | GAAP et i come | 201 | I te est expe se, et | 36 | P ovisio fo i come taxes | 46 | Dep eciatio | 25 | Rest uctu i g a d othe | 5 | Amo tizatio of i ta gible assets | 61 | Stock-based compe satio | 15 | Loss o exti guishme t of debt | 6 | Adjusted EBITDA | $ | 395 |
No -GAAP fi a cial measu es adjust GAAP fi a cial measu es fo the items listed below. These No -GAAP fi a cial measu es should be viewed i additio to, a d ot as a substitute fo , MKS’ epo ted GAAP esults, a d may be diffe e t f om No -GAAP fi a cial measu es used by othe compa ies. I additio , these No -GAAP fi a cial measu es a e ot based o a y comp ehe sive set of accou ti g ules o p i ciples. MKS ma ageme t believes the p ese tatio of these No -GAAP fi a cial measu es is useful to i vesto s fo compa i g p io pe iods a d a alyzi g o goi g busi ess t e ds a d ope ati g esults. Totals p ese ted may ot sum a d pe ce tages may ot ecalculate usi g figu es p ese ted due to ou di g.
