Reco d eve ue of $1,413 millio , above the high e d of guida ce Reco d GAAP et i come of $236 millio a d eco d et i come pe diluted sha e of $3.26, each above the high e d of guida ce Reco d Adjusted EBITDA of $434 millio a d eco d No -GAAP et ea i gs pe diluted sha e of $4.18, each above the high e d of guida ce
ANDOVER, Mass., Nov. 04, 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 thi d qua te of 2026.
“Ou busi ess mome tum co ti ued to build i the thi d qua te . Reve ue i each of ou e d ma kets was at o above the high e d of ou guida ce, led by 54% yea -ove -yea g owth i Semico ducto a d 43% g owth i Elect o ics & Packagi g,” said Joh T.C. Lee, P eside t a d Chief Executive Office . “F om chips to subst ates a d adva ced PCBs, the fu dame tal challe ges of stacki g, scali g, a d ew mate ials a e becomi g mo e i teg al i the AI e a. MKS b i gs the b oadest set of capabilities ac oss both the semico ducto a d adva ced packagi g ma kets to delive fou datio al i ovatio , a d that is d ivi g obust o de s a d ew desig wi s that set us up fo co ti ued st o g pe fo ma ce.”
“Q3 pe fo ma ce exceeded the high e d of ou guida ce a ges fo eve ue a d EPS, a d we’ e poised fo a st o g fi ish to 2026,” said Ram Mayampu ath, Executive Vice P eside t a d Chief Fi a cial Office . “Ou busi ess model is delive i g scale be efits that, combi ed with accele ati g eve ue, a e d ivi g g oss a d ope ati g ma gi expa sio , st o g ea i gs g owth a d cash ge e atio . With ou exposu e to att active g owth ma kets, mix of equipme t solutio s a d co sumables, a d a healthy bala ce sheet, MKS is well positio ed to ge e ate sig ifica t, du able sha eholde etu s.”
| Semico ducto | $638 | $554 | $415 | $1,658 | $1,261 | Elect o ics & Packagi g | 415 | 381 | 289 | 1,118 | 809 | Specialty I dust ial | 360 | 313 | 284 | 963 | 828 | Total et eve ues | $1,413 | $1,248 | $988 | $3,739 | $2,898 | 47.7% | 47.6% | 46.6% | 47.5% | 46.9% | Ope ati g ma gi | 23.1% | 20.1% | 14.0% | 19.4% | 13.3% | Net i come | $236 | $175 | $74 | $495 | $188 | Net i come pe diluted sha e | $3.26 | $2.41 | $1.10 | $6.86 | $2.78 | Ope ati g ma gi | 27.8% | 25.6% | 20.8% | 25.3% | 20.6% | Net ea i gs | $292 | $232 | $130 | $681 | $365 | Net ea i gs pe diluted sha e | $4.18 | $3.30 | $1.93 | $9.80 | $5.41 |
At Septembe 30, 2026, the Compa y had $676 millio i cash a d cash equivale ts, $1.3 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. Du i g the thi d qua te of 2026, the t adi g p ice of ou commo stock co ti ued to satisfy 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 fou th qua te of 2026, a d we e classified as sho t-te m debt, et of issua ces costs, at Septembe 30, 2026.
I Novembe 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 $1,490 millio , plus o mi us $40 millio
- G oss ma gi of 47.5%, plus o mi us 1.0%
- GAAP ope ati g expe ses of $355 millio , plus o mi us $5 millio a d No -GAAP ope ati g expe ses of $288 millio , plus o mi us $5 millio
- GAAP et i come of $294 millio , plus o mi us $28 millio a d No -GAAP et ea i gs of $352 millio , plus o mi us $27 millio
- GAAP et i come pe diluted sha e of $4.04, plus o mi us $0.38 a d No -GAAP et ea i gs pe diluted sha e of $5.00, plus o mi us $0.38
- Adjusted EBITDA of $461 millio , plus o mi us $29 millio
The guida ce fo the fou th qua te does ot i clude the impact of the Compa y’s pe di g sale of its Ophi ® Optics busi ess a d 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, Novembe 5, 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, i cludi g the pe di g sale of ou Ophi Optics busi ess; 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 Septembe 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 | Ni e Mo ths E ded | Septembe 30, | Ju e 30, | Septembe 30, | Septembe 30, | Septembe 30, | 2026 | 2026 | 2025 | 2026 | 2025 | Net eve ues: | P oducts | $ | 1,264 | $ | 1,104 | $ | 860 | $ | 3,322 | $ | 2,528 | Se vices | 149 | 144 | 128 | 417 | 370 | Total et eve ues | 1,413 | 1,248 | 988 | 3,739 | 2,898 | Cost of eve ues: | P oducts | 668 | 582 | 466 | 1,764 | 1,367 | Se vices | 71 | 71 | 61 | 199 | 173 | Total cost of eve ues (exclusive of amo tizatio show sepa ately below) | 739 | 653 | 527 | 1,963 | 1,540 | G oss p ofit | 674 | 595 | 461 | 1,776 | 1,358 | Resea ch a d developme t | 80 | 76 | 76 | 237 | 222 | Selli g, ge e al a d admi ist ative | 201 | 200 | 180 | 591 | 539 | Rest uctu i g a d othe | 5 | 6 | 4 | 14 | 26 | Legal settleme t | — | — | — | 3 | — | Fees a d expe ses elated to debt activities | — | — | — | 18 | 2 | Amo tizatio of i ta gible assets | 62 | 62 | 63 | 187 | 184 | I come f om ope atio s | 326 | 251 | 138 | 726 | 385 | I te est i come | (2 | ) | (2 | ) | (3 | ) | (6 | ) | (11 | ) | I te est expe se | 38 | 38 | 53 | 121 | 162 | Loss o exti guishme t of debt | 5 | 4 | 2 | 14 | 8 | Othe (i come) expe se, et | (2 | ) | (2 | ) | 2 | (4 | ) | 11 | I come befo e i come taxes | 287 | 213 | 84 | 601 | 215 | P ovisio fo i come taxes | 51 | 38 | 10 | 106 | 27 | Net i come | $ | 236 | $ | 175 | $ | 74 | $ | 495 | $ | 188 | Net i come pe commo sha e: | Basic | $ | 3.49 | $ | 2.59 | $ | 1.10 | $ | 7.32 | $ | 2.79 | Diluted | $ | 3.26 | $ | 2.41 | $ | 1.10 | $ | 6.86 | $ | 2.78 | Cash divide ds pe commo sha e | $ | 0.25 | $ | 0.25 | $ | 0.22 | $ | 0.75 | $ | 0.66 | Weighted ave age commo sha es outsta di g: | Basic | 67.7 | 67.6 | 67.3 | 67.6 | 67.3 | Diluted | 72.5 | 72.7 | 67.6 | 72.1 | 67.6 |
| Septembe 30, | Decembe 31, | 2026 | 2025 | ASSETS | Cash a d cash equivale ts | $ | 676 | $ | 675 | T ade accou ts eceivable, et | 902 | 651 | I ve to ies | 1,162 | 921 | Othe cu e t assets | 318 | 263 | Total cu e t assets | 3,058 | 2,510 | P ope ty, pla t a d equipme t, et | 820 | 810 | Right-of-use assets | 259 | 270 | Goodwill | 2,600 | 2,574 | I ta gible assets, et | 1,973 | 2,140 | Othe assets | 522 | 492 | Total assets | $ | 9,232 | $ | 8,796 | LIABILITIES AND STOCKHOLDERS’ EQUITY | Sho t-te m debt | $ | 1,400 | $ | 51 | Accou ts payable | 591 | 407 | Othe cu e t liabilities | 588 | 469 | Total cu e t liabilities | 2,579 | 927 | Lo g-te m debt, et | 2,377 | 4,150 | No -cu e t defe ed taxes | 430 | 474 | No -cu e t acc ued compe satio | 146 | 149 | No -cu e t lease liabilities | 238 | 246 | Othe o -cu e t liabilities | 176 | 131 | Total liabilities | 5,946 | 6,077 | Stockholde s’ equity: | Commo stock | — | — | Additio al paid-i capital | 2,108 | 2,101 | Retai ed ea i gs | 1,155 | 711 | Accumulated othe comp ehe sive i come (loss) | 23 | (93 | ) | Total stockholde s’ equity | 3,286 | 2,719 | Total liabilities a d stockholde s’ equity | $ | 9,232 | $ | 8,796 |
| Th ee Mo ths E ded | Ni e Mo ths E ded | Septembe 30, | Ju e 30, | Septembe 30, | Septembe 30, | Septembe 30, | 2026 | 2026 | 2025 | 2026 | 2025 | Cash flows f om ope ati g activities: | Net i come | $ | 236 | $ | 175 | $ | 74 | $ | 495 | $ | 188 | Adjustme ts to eco cile et i come to et cash p ovided by ope ati g activities: | Dep eciatio a d amo tizatio | 88 | 85 | 85 | 259 | 258 | U ealized (gai ) loss o fo eig cu e cy a d de ivative i st ume ts | (2 | ) | (2 | ) | (8 | ) | (4 | ) | (4 | ) | Amo tizatio of debt issua ce costs a d o igi al issue discou ts | 3 | 3 | 7 | 11 | 20 | Loss o exti guishme t of debt | 5 | 4 | 2 | 14 | 8 | Stock-based compe satio | 15 | 15 | 12 | 49 | 46 | P ovisio fo excess a d obsolete i ve to y | 4 | 5 | 10 | 21 | 37 | Defe ed i come taxes | (20 | ) | (20 | ) | (44 | ) | (64 | ) | (125 | ) | Othe | 3 | (4 | ) | 1 | (1 | ) | — | Cha ges i ope ati g assets a d liabilities | (40 | ) | (18 | ) | 58 | (192 | ) | 75 | Net cash p ovided by ope ati g activities | 292 | 243 | 197 | 588 | 503 | Cash flows f om i vesti g activities: | Pu chases of i vestme ts | — | — | (1 | ) | (1 | ) | (1 | ) | P oceeds f om sale of lo g-lived assets | — | — | — | — | 3 | Pu chases of p ope ty, pla t a d equipme t | (49 | ) | (55 | ) | (50 | ) | (128 | ) | (98 | ) | Net cash used i i vesti g activities | (49 | ) | (55 | ) | (51 | ) | (129 | ) | (96 | ) | Cash flows f om fi a ci g activities: | Repu chase of commo stock | — | — | — | — | (45 | ) | P oceeds f om bo owi gs | — | — | — | 1,192 | — | Payme ts of bo owi gs | (163 | ) | (104 | ) | (113 | ) | (1,541 | ) | (338 | ) | Payme ts of defe ed fi a ci g fees | — | — | — | (22 | ) | — | Divide d payme ts | (17 | ) | (17 | ) | (15 | ) | (51 | ) | (44 | ) | Net payme ts elated to employee stock awa ds | (1 | ) | (26 | ) | — | (43 | ) | (6 | ) | Othe fi a ci g activities | — | (1 | ) | (1 | ) | (1 | ) | (4 | ) | Net cash used i fi a ci g activities | (181 | ) | (148 | ) | (129 | ) | (466 | ) | (437 | ) | Effect of excha ge ate cha ges o cash a d cash equivale ts | 3 | 2 | 6 | 8 | 13 | I c ease (dec ease) i cash a d cash equivale ts | 65 | 42 | 23 | 1 | (17 | ) | Cash a d cash equivale ts at begi i g of pe iod | 611 | 569 | 674 | 675 | 714 | Cash a d cash equivale ts at e d of pe iod | $ | 676 | $ | 611 | $ | 697 | $ | 676 | $ | 697 |
| Th ee Mo ths E ded | Ni e Mo ths E ded | Septembe 30, | Ju e 30, | Septembe 30, | Septembe 30, | Septembe 30, | 2026 | 2026 | 2025 | 2026 | 2025 | Net i come | $ | 236 | $ | 175 | $ | 74 | $ | 495 | $ | 188 | Rest uctu i g a d othe | 5 | 6 | 4 | 14 | 26 | Legal settleme t | — | — | — | 3 | — | Amo tizatio of i ta gible assets | 62 | 62 | 63 | 187 | 184 | Loss o exti guishme t of debt | 5 | 4 | 2 | 14 | 8 | Amo tizatio of debt issua ce costs | 3 | 3 | 5 | 9 | 14 | 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 | (19 | ) | (18 | ) | (18 | ) | (61 | ) | (57 | ) | No -GAAP et ea i gs | $ | 292 | $ | 232 | $ | 130 | $ | 681 | $ | 365 | No -GAAP et ea i gs pe diluted sha e | $ | 4.18 | $ | 3.30 | $ | 1.93 | $ | 9.80 | $ | 5.41 | Weighted ave age diluted sha es outsta di g | 72.5 | 72.7 | 67.6 | 72.1 | 67.6 | Co ve tible debt capped calls | (2.6 | ) | (2.4 | ) | — | (2.7 | ) | — | No -GAAP weighted ave age diluted sha es outsta di g | 69.9 | 70.3 | 67.6 | 69.4 | 67.6 | Net cash p ovided by ope ati g activities | $ | 292 | $ | 243 | $ | 197 | $ | 588 | $ | 503 | Pu chases of p ope ty, pla t a d equipme t | (49 | ) | (55 | ) | (50 | ) | (128 | ) | (98 | ) | F ee cash flow | $ | 243 | $ | 188 | $ | 147 | $ | 460 | $ | 405 | Ope ati g expe ses | $ | 348 | $ | 344 | $ | 323 | $ | 1,050 | $ | 973 | Rest uctu i g a d othe | 5 | 6 | 4 | 14 | 26 | Legal settleme t | — | — | — | 3 | — | Amo tizatio of i ta gible assets | 62 | 62 | 63 | 187 | 184 | Fees a d expe ses elated to debt activities | — | — | — | 18 | 2 | No -GAAP ope ati g expe ses | $ | 281 | $ | 275 | $ | 256 | $ | 828 | $ | 761 | I come f om ope atio s | $ | 326 | $ | 251 | $ | 138 | $ | 726 | $ | 385 | Ope ati g ma gi | 23.1% | 20.1% | 14.0% | 19.4% | 13.3% | Rest uctu i g a d othe | 5 | 6 | 4 | 14 | 26 | Legal settleme t | — | — | — | 3 | — | Amo tizatio of i ta gible assets | 62 | 62 | 63 | 187 | 184 | Fees a d expe ses elated to debt activities | — | — | — | 18 | 2 | No -GAAP i come f om ope atio s | $ | 393 | $ | 320 | $ | 205 | $ | 948 | $ | 597 | No -GAAP ope ati g ma gi | 27.8% | 25.6% | 20.8% | 25.3% | 20.6% | I te est expe se, et | $ | 36 | $ | 36 | $ | 50 | $ | 115 | $ | 151 | Amo tizatio of debt issua ce costs | 3 | 3 | 5 | 9 | 14 | Loss f om de-desig atio of i te est ate hedges | — | — | — | 2 | — | No -GAAP i te est expe se, et | $ | 33 | $ | 33 | $ | 45 | $ | 104 | $ | 137 | Net i come | $ | 236 | $ | 175 | $ | 74 | $ | 495 | $ | 188 | I te est expe se, et | 36 | 36 | 50 | 115 | 151 | Othe (i come) expe se, et | (2 | ) | (2 | ) | 2 | (4 | ) | 11 | P ovisio fo i come taxes | 51 | 38 | 10 | 106 | 27 | Dep eciatio | 26 | 23 | 23 | 72 | 74 | Amo tizatio of i ta gible assets | 62 | 62 | 63 | 187 | 184 | Stock-based compe satio | 15 | 15 | 12 | 49 | 46 | Rest uctu i g a d othe | 5 | 6 | 4 | 14 | 26 | Legal settleme t | — | — | — | 3 | — | Loss o exti guishme t of debt | 5 | 4 | 2 | 14 | 8 | Fees a d expe ses elated to debt activities | — | — | — | 18 | 2 | Adjusted EBITDA | $ | 434 | $ | 358 | $ | 240 | $ | 1,069 | $ | 717 | Adjusted EBITDA ma gi | 30.7% | 28.6% | 24.3% | 28.6% | 24.7% |
| Th ee Mo ths E ded Septembe 30, 2026 | Th ee Mo ths E ded Ju e 30, 2026 | I come Befo e I come Taxes | P ovisio fo I come Taxes | EffectiveTax Rate | I come Befo e I come Taxes | P ovisio fo I come Taxes | Effective Tax Rate | GAAP | $ | 287 | $ | 51 | 17.6 | % | $ | 213 | $ | 38 | 17.8 | % | Rest uctu i g a d othe | 5 | — | 6 | — | Legal settleme t | — | — | — | — | Amo tizatio of i ta gible assets | 62 | — | 62 | — | Loss o exti guishme t of debt | 5 | — | 4 | — | Amo tizatio of debt issua ce costs | 3 | — | 3 | — | Tax effect of No -GAAP adjustme ts | — | 19 | — | 18 | No -GAAP | $ | 362 | $ | 70 | 19.1 | % | $ | 288 | $ | 56 | 19.6 | % | Th ee Mo ths E ded Septembe 30, 2025 | I come Befo e I come Taxes | P ovisio fo I come Taxes | Effective Tax Rate | GAAP | $ | 84 | $ | 10 | 12.3 | % | Rest uctu i g a d othe | 4 | — | Amo tizatio of i ta gible assets | 63 | — | Loss o exti guishme t of debt | 2 | — | Amo tizatio of debt issua ce costs | 5 | — | Tax effect of No -GAAP adjustme ts | — | 18 | No -GAAP | $ | 158 | $ | 28 | 17.9 | % | Ni e Mo ths E ded Septembe 30, 2026 | Ni e Mo ths E ded Septembe 30, 2025 | I come Befo e I 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 | $ | 601 | $ | 106 | 17.7 | % | $ | 215 | $ | 27 | 12.7 | % | Rest uctu i g a d othe | 14 | — | 26 | — | Legal settleme t | 3 | — | — | — | Amo tizatio of i ta gible assets | 187 | — | 184 | — | Loss o exti guishme t of debt | 14 | — | 8 | — | Amo tizatio of debt issua ce costs | 9 | — | 14 | — | 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 | — | 61 | — | 57 | No -GAAP | $ | 848 | $ | 167 | 19.7 | % | $ | 449 | $ | 84 | 18.7 | % |
| Th ee Mo ths E di g Decembe 31, 2026 | $ Amou t | Pe Sha e | GAAP et i come a d et i come pe sha e | $ | 294 | $ | 4.04 | Rest uctu i g a d othe | 6 | Amo tizatio of i ta gible assets | 61 | Loss o exti guishme t of debt | 8 | Amo tizatio of debt issua ce costs | 3 | Tax effect of No -GAAP adjustme ts | (20 | ) | No -GAAP et ea i gs a d et ea i gs pe sha e | $ | 352 | $ | 5.00 | Weighted ave age diluted sha es | 72.9 | Co ve tible debt capped calls | (2.4 | ) | No -GAAP weighted ave age diluted sha es | 70.5 | GAAP ope ati g expe ses | $ | 355 | Rest uctu i g a d othe | (6 | ) | Amo tizatio of i ta gible assets | (61 | ) | No -GAAP ope ati g expe ses | $ | 288 | GAAP et i come | 294 | I te est expe se, et | 35 | P ovisio fo i come taxes | 16 | Dep eciatio | 26 | Rest uctu i g a d othe | 6 | Amo tizatio of i ta gible assets | 61 | Stock-based compe satio | 15 | Loss o exti guishme t of debt | 8 | Adjusted EBITDA | $ | 461 |
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.
