Mks Inc. · NASDAQ:MKSI
Mks — Investor Presentation (September 2026)
29 slides from Mks's investor presentation, September 2026
Slide 1: Foundational Technologies for a Connected World
Foundational Technologies for MKS Inc. a Connected World September 2026
Slide 2: Safe Harbor for Forward-Looking Statements
Safe Harbor for Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding the future financi
Slide 3: Notes on Presentation
Notes on Presentation Use of Non-GAAP Financial Measures This presentation includes financial measures that are not in accordance with U.S. generally accepted accounting principles (“Non-GAAP financial measures”). These Non-GAAP financial measures should be viewed in addition to, and not as a substi
Slide 4: Why MKS
Why MKS Levered to Attractive Driving Strong Creating Critical Enabler Growth Markets Profitability & Cash Flows Shareholder Value • AI positioned to drive • Foundational to advanced • Attractive margins reflect • Investing for growth multi-year investment device manufacturing value of our solutions
Slide 5: MKS is Foundational to Our Connected World
MKS is Foundational to Our Connected World… Artificial Intelligence Smartphones & Wearables Data Center Medical Smart Industrial ADAS / AV Robotics Renewable Energy AI complexity is driving accelerating innovation in electronic device manufacturing 5
Slide 6: Deeply Engaged with the Digital Ecosystem
… and We Are Deeply Engaged with the Digital Ecosystem Semiconductor PCB Manufacturers Manufacturers Consumer Laser Equipment Electronics OEMs Manufacturers Semiconductor Capital Industrial Equipment OEMs End-Markets 6
Slide 7: Our Foundational Technology Leadership
Our Foundational Technology Leadership $3.9B 46.7% $814M 2025 NON-GAAP 2025 REVENUE 2025 OPERATING INCOME +10% Y/Y GROSS MARGIN 20.7% NON-GAAP OPERATING MARGIN >85% ~70% OF WAFER OF CRITICAL STEPS TO FABRICATION EQUIPMENT MANUFACTURE PACKAGE APPLICATIONS SERVED SUBSTRATES AND PCBs 1 1 Internal Compa
Slide 8: Levered to Attractive End Markets
Levered to Attractive End Markets Strong performance in AI-led growth environment Electronics & Semiconductor Specialty Industrial Packaging Critical solutions provider for Foundational enabler of next- Extending MKS expertise across semiconductor manufacturing generation electronic devices broad en
Slide 9: AI Transformation Driving Multi-year Growth in WFE Investment
AI Transformation Driving Multi-year Growth in WFE Investment $250 AI driving vertical 5-Year Moving Average of WFE1 $1,500 scaling across devices, Annual WFE Spending1 advanced packaging $200 Vertical Scaling Global Semiconductor Sales1 ($ Billion) $1,250 — $200+ EUV — $1,000 Atomic Layer Processin
Slide 10: Built to Enable Key Technology Inflections
Built to Enable Key Technology Inflections Semiconductor Electronics & Packaging Deposition, Etch, Specialty Chemistry Lithography, & Equipment; Lasers Inspection / Metrology, & Laser Systems Wet Processing Smaller Geometries (nm) MINIATURIZATION Finer Features (µm) Vertical Scaling COMPLEXITY More
Slide 11: Enabling the Core Building Blocks of Advanced Electronic Devices
Enabling the Core Building Blocks of Advanced Electronic Devices High Performance Semiconductor Compute Architecture Electronics & Packaging Critical subsystems for SEMICONDUCTOR Subsystems, equipment & materials semiconductor manufacturing for electronics & packaging INTERPOSER Leader in critical v
Slide 12: Positioned to Address Major Process Inflections in the AI Era
Positioned to Address Major Process Inflections in the AI Era Applying broad expertise to enable faster processing speeds INFLECTION Vertical Scaling Horizontal Shrink Advanced Packaging MKS Photonics solutions (Optics, MKS RF Power, Vacuum and Optical MKS Vacuum, Photonics and Motion) and broad Vac
Slide 13: Our Unique DNA is What Makes MKS Successful
Our Unique DNA is What Makes MKS Successful Broad Domain & Vacuum Photonics Materials Process Expertise Deep & Collaborative Develop Solve Identify Customer & Ecosystem Inflection Points Integrated Complex Relationships Design Cycles Problems Cross-selling to Accelerating Time Innovating New Innovat
Slide 14: Our Surround Strategy is How We Execute
Our “Surround” Strategy is How We Execute SEMICONDUCTOR ELECTRONICS & PACKAGING Surround the Wafer® Surround the Workpiece® Pressure & Flow Process RF Power Lasers Laser Systems Measurement & Control Chemistries Optical Gas Plasma & Solutions Analysis Reactive Plating Gas Equipment Optimize Wafer Wo
Slide 15: Key Enabler for Majority of Semiconductor Process Steps
MKS: Key Enabler for Majority of Semiconductor Process Steps DEPOSITION ETCH WET PROCESSING Pressure & Vacuum Measurement Pressure & Vacuum Measurement Reactive Gases Gas Delivery & Pressure Control Gas Delivery & Pressure Control Plasma & Reactive Gas Plasma & Reactive Gas RF Power RF Power Tempera
Slide 16: Early Engagements, Enduring Relationships
Early Engagements Enduring Relationships MKS' ability to address our customers’ hardest problems enables long design & revenue cycles DEEP CUSTOMER ENGAGEMENT & COLLABORATION DESIGN PRODUCTION NEW OPPORTUNITIES DEVELOPMENT Inflection Development Qualification Copy Exact / CYCLE Scaling New Inflect
Slide 17: Key Enabler for Advanced Packaging
MKS: Key Enabler for Advanced Packaging Embedded Multi-Die Chip-on-Wafer-on-Substrate with Chip-on-Wafer-on-Substrate Interconnect Bridge Local Silicon Interconnect (LSI) (CoWoS®)1 (EMIB)2 (CoWoS®-L)3 CHIP CHIP “C” CHIP CHIP SILICON INTERPOSER “W” CHIP CHIP MOLDING SILICON BRIDGE & RDL PACKAGE SUBST
Slide 18: We Optimize the Interconnect
MKS Differentiation: We Optimize the Interconnect BROADEST INTEGRATED UNMATCHED CUSTOMER EXPERTISE; CONSUMABLES AND ECOSYSTEM INTIMACY COMPREHENSIVE BUSINESS MODEL APPROACH Component OEMs Core Competencies Suppliers >85% • PCBs • Smartphones • Chemistry • Package Substrates • 5G Infrastructure • Las
Slide 19: Specialty Industrial: Harnessing Core Expertise Across Markets
Specialty Industrial: Harnessing Core Expertise Across Markets KEY ATTRIBUTES Differentiated technologies that solve specific needs for customers APPLICATIONS Industrial AE • Functional coatings & decorative surface finishing • Vacuum solutions for synthetic diamond and solar manufacturing • Optical
Slide 20: Mission Critical Enabler Across the Advanced Electronics Supply Chain
Mission Critical Enabler Across the Entire Advanced Electronics Supply Chain Semiconductor Electronics & Packaging Critical Subsystems Critical Subsystems MKS VACUUM & PHOTONICS MKS PHOTONICS SOLUTIONS SOLUTIONS Capital Equipment Chemistry MKS LASER DRILLING & MKS PROPRIETARY PLATING EQUIPMENT CHEMI
Slide 21: Enhanced Capacity to Deliver to Customer Demand
Enhanced Capacity to Deliver to Customer Demand Penang, Malaysia Supercenter Factory Opened June 2026 MKS is well-positioned to address multi-year growth environment 21
Slide 22: Proven Management Team
Proven Management Team Dave Henry John T.C. Lee Jim Schreiner Sally Ann Bouley EVP, Global Strategic Ram Mayampurath President & EVP & EVP & Marketing & GM EVP & Chief Executive Officer Chief Operating Officer Chief Human Resources Officer Materials Solutions Division Chief Financial Officer Madhuri
Slide 23: Financial Profile
Financial Profile eemks
Slide 24: Broad-based Foundational Technology Provider
Broad-based Foundational Technology Provider Significant financial and operational scale to drive growth across a broader array of end markets 2025 REVENUE MIX REVENUE STREAM Services Electronics & Packaging 13% 28% Semiconductor Equipment 43% Consumables 59% 28% Specialty Industrial 29% CONSUMABLES
Slide 25: Financial Discipline is Core to MKS' DNA
Financial Discipline is Core to MKS’ DNA Experienced leadership with proven execution track record Profitability Operating Capital Management Flexibilit y Allocation Healthy gross margins that reflect value Investing in growth to drive new design Highly variable cost structure of our differentiation
Slide 26: Illustrative Convertible Senior Note Scenarios
Illustrative Convertible Senior Note Scenarios ● $1.4B principal to be settled in cash ● Conversion obligations in excess of the principal amount can be settled at MKS’ election, in cash, common stock or a combination of cash and common stock ● Capped call increases the current effective conversion
Slide 27: Why MKS
Why MKS Levered to Attractive Driving Strong Creating Critical Enabler Growth Markets Profitability & Cash Flows Shareholder Value • AI positioned to drive • Foundational to advanced • Attractive margins reflect • Investing for growth multi-year investment device manufacturing value of our solutions
Slide 28: Appendix – GAAP to Non-GAAP Reconciliations
Appendix – GAAP to Non-GAAP Reconciliations in millions, except percentages Note: For additional information regarding these adjustments, refer to MKS' FY 2025 earnings release available on MKS' investor website at investor.mks.com. 28
Slide 29: Appendix – GAAP to Non-GAAP Reconciliations
Appendix – GAAP to Non-GAAP Reconciliations in millions, except percentages Note: For additional information regarding these adjustments, refer to MKS' FY 2025 earnings release available on MKS' investor website at investor.mks.com. 29