MKSI
MKS Inc.

MKS Inc.MKSI

Technology · Scientific & Technical Instruments
260.37USD
+1.34%
Sep 23, 2026
MKSI overview ready
Provider of Vacuum, Gas-Delivery, and Process-Control Technologies for Domestic Semiconductor Manufacturing
MKS is a semiconductor-manufacturing enabler and component supplier, selling vacuum, pressure/flow control, gas-delivery, plasma/power, photonics, motion, laser, and materials-processing technologies used across wafer fabrication and electronics/package-substrate production.
Direct narrative exposure
Exposed to the Semiconductor Supply Chain Localization narrative through Domestic Fab Equipment and Specialty Processes — component supplier.
Price trend is broken
Longer-term context reads near trend floor, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
Demanding valuation
The price embeds expectations that run ahead of what comparable businesses command.
Unremarkable fundamentals
Primary risk
Cyclicality of semiconductor capital spending.
Market Sep 22Filing Jun 30Price action Sep 22Research Sep 5

Conviction Level

NarrativeHeat8.7ThemeHeat8.0PriceAction5.4Valuation3.1CompanyPosition9.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads near trend floor, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryConstructive

Structure is constructive, but price remains well extended from the long-term weekly base and the earlier reset has already been partly recovered — a workable rather than ideal entry location.

Key Financials

Market Cap
$17.6B
Avg Volume (60D)
1.5M
60 sessions
Revenue Growth YoY
+9.6%
FY2025 vs FY2024
Gross Margin
+47.0%
Trailing twelve months
Operating Margin
+15.7%
Trailing twelve months
Free Cash Flow Yield
+2.6%
Distance from 200DMA
-2.7%
Next Earnings
2026-11-04
P/E
40.1x
EV / EBITDA
19.2x
EV / Sales
4.5x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

All three valuation perspectives agree this company is expensive.
MKS Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of what comparable businesses command. It trades at a 2.6% free-cash-flow yield and 19.2x EBITDA, which require sustained delivery to be justified.

Company Research

Thesis
MKS is a semiconductor-manufacturing enabler and component supplier, selling vacuum, pressure/flow control, gas-delivery, plasma/power, photonics, motion, laser, and materials-processing technologies used across wafer fabrication and electronics/package-substrate production.
Opportunity
Moderate opportunity
Domestic semiconductor-capacity investment requires specialized wafer-fab equipment, process-control subsystems, vacuum and gas-delivery systems, and supporting specialty-process capability across leading-edge logic, memory, and advanced packaging supply chains.
Key risk
Cyclicality of semiconductor capital spending.

Narrative & Theme

Semiconductor Supply Chain Localization
Part of Domestic Fab Equipment and Specialty Processes, with strong fit.
Technology-node migration, and increasingly complex semiconductor processing.
Narrative HeatHot8.7 / 10
Theme HeatHeating up8.0 / 10

Business & Markets

Technology · Scientific & Technical Instruments
What they do

MKS Inc. designs, manufactures, and supplies technology solutions used in semiconductor manufacturing, electronics packaging, and specialty industrial applications through three main divisions: Vacuum Solutions, Photonics Solutions, and Material Solutions.

How it earns

The company generates revenue primarily through transactional sales of equipment, components, and related technology solutions.

Products & services
Pressure measurement and control systems
Flow measurement and control systems
Gas and vapor delivery systems
Gas composition analysis equipment
Electronic control technology
Customers & end markets
Semiconductor manufacturers
Electronics and packaging companies
Specialty industrial application firms
Market position

MKS Inc. is a leading supplier of foundational technology solutions critical to semiconductor and electronics manufacturing processes.

Demand drivers
High cyclicality

The company’s end markets are closely tied to semiconductor industry capital expenditures, which are cyclical and sensitive to macroeconomic conditions.