Slide 1: First Quarter 2026 Financial Results
First Quarter 2026 Financial MKS Inc. May 7, 2026 Results
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 subst
Slide 4: Q1 2026 Results: Strong revenue and profitability
Q1 2026 Results: Strong revenue and profitability $1.1B 47.0% $277M $2.30 REVENUE GROSS MARGIN ADJUSTED NON-GAAP EBITDA NET EARNINGS PER DILUTED SHARE ● Revenues, gross margin, adjusted EBITDA and Non-GAAP net earnings per share at high end or above guidance ranges ● Strong bookings across end marke
Slide 5: Semiconductor
Semiconductor Q1 Highlights Business Trends Guidance Q1 2026 Q/Q CHANGE +7% Q2 2026 $466M Y/Y CHANGE +13% $550M+/- $15M REVENUE Y/Y CHANGE1 +11% REVENUE Excluding FX ● Strong broad-based revenue growth driven by ● Q2’26 revenue expected to accelerate, growing products targeted to DRAM, NAND and high
Slide 6: Electronics & Packaging
Electronics & Packaging Q1 Highlights Business Trends Q/Q CHANGE +6% Guidance Q1 2026 Q2 2026 $321M Y/Y CHANGE +27% $350M+/- $15M REVENUE Y/Y CHANGE1 +17% REVENUE Excluding FX & Palladium ● Strong growth driven by flexible PCB drilling ● Q2 revenue expected to grow in the high single systems due to
Slide 7: Specialty Industrial
Specialty Industrial Q1 Highlights Business Trends Q/Q CHANGE -2% Guidance Q1 2026 Q2 2026 $291M Y/Y CHANGE +8% $300M+/- $10M REVENUE Y/Y CHANGE1 +5% REVENUE Excluding FX & Palladium ● Sequential revenue decline primarily due to ● Expect modest sequential growth Lunar New Year seasonality ● Special
Slide 8: Q1'26 Revenue & Select Financial Measures
Q1’26 Revenue & Select Financial Measures Q1’26 SUMMARY Y/Y Change Excl. Q1'26 Q4'25 Q1'25 FX and Pd(1) ● Revenue above the high end of guidance in our Semiconductor $466M $435M $413M 11% Semiconductor and Electronics & Packaging Electronics & Packaging $321M $303M $253M 17% markets Specialty Indust
Slide 9: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow Q1’26 SUMMARY Q1'26 Q4'25 Cash and Cash Equivalents $569M $675M ● Liquidity of over $1.5 billion, consisting of $569 million of cash and cash equivalents and an undrawn Trade Accounts Receivable, Net $775M $651M revolving credit facility of $1.0 billion Inventories $949M $9
Slide 10: Outlook
Outlook Outlook Q2'26 Q1'26 Actual ● Revenue outlook by end-market: Revenue $1,200M +/- $40M $1,078M ‒ Semiconductor – $550M +/- $15M Non-GAAP Financial Measures ‒ Electronics & Packaging – $350M +/- $15M Gross Margin 47.0% +/- 100 bps 47.0% ‒ Specialty Industrial – $300M +/- $10M Operating Expenses
Slide 11: Excellent Position and Focused on Execution
Excellent Position and Focused on Execution ● Healthy order volumes across Semiconductor and Electronics & Packaging ● Strong position with manufacturing capacity and capabilities o Semiconductor subsystems support leading-edge deposition and etch applications across logic and memory o Electronics &
Slide 12: . : Sees
. : Sees eemks
Slide 13: Q1'26 Revenue
Q1’26 Revenue Q1’26 Specialty Industrial 27% Semi 43% Electronics & Packaging 30% Consumables & Service 40% 2025 2026 Q1'26 vs Q1'25(1) Change Total Excluding Q1 Q2 Q3 Q4 FY'25 Q1 Change FX Pd FX & Pd Semiconductor $ 413 $ 432 $ 415 $ 435 $ 1,696 $ 466 13% 1% - 11% Electronics & Packaging 253 266 28
Slide 14: Appendix – GAAP to Non-GAAP Reconciliations
Appendix – GAAP to Non-GAAP Reconciliations Q2'26E Q1'26 Q4'25 Q1'25 Net income $ 151 $ 84 $ 108 $ 52 Restructuring and other 1 3 11 16 Legal Settlement — 3 — — Amortization of intangible assets 61 63 62 60 Loss on extinguishment of debt 3 5 2 3 Amortization of debt issuance costs 3 4 5 5 Loss from
Slide 15: Appendix – GAAP to Non-GAAP Reconciliations
Appendix – GAAP to Non-GAAP Reconciliations Q2'26E Q1'26 Q4'25 Q1'25 Operating expenses $ 337 $ 358 $ 336 $ 332 Restructuring and other 1 3 11 16 Legal Settlement — 3 — — Amortization of intangible assets 61 63 62 60 Fees and expenses related to debt activities — 18 — 2 Non-GAAP operating expenses $
Slide 16: Appendix – GAAP to Non-GAAP Reconciliations
Appendix – GAAP to Non-GAAP Reconciliations Q2'26E Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Net income $ 151 $ 84 $ 108 $ 74 $ 62 $ 52 Interest expense, net 38 43 47 50 51 50 Other expense (income), net — (1) 6 2 10 (1) Provision (benefit) for income taxes 35 18 (19) 10 10 7 Depreciation 24 22 24 23 26 25 Amor
Slide 17: Appendix – GAAP to Non-GAAP Reconciliations
Appendix – GAAP to Non-GAAP Reconciliations Q1'26 Q4'25 Net cash provided by operating activities $ 53 $ 142 Purchases of property, plant and equipment (25) (51) Free cash flow $ 29 $ 91 Q1'26 Q4'25 Free cash flow $ 29 $ 91 Cash paid for interest 22 50 Tax effect on cash paid for interest 1 (5) (10)
Slide 18: Appendix – GAAP to Non-GAAP Reconciliations
Appendix – GAAP to Non-GAAP Reconciliations Q1'26 Q4'25 (Benefit) Income Before Provision for Effective Tax Income Before Provision for Effective Tax Income Tax Income Taxes Rate Income Tax Income Taxes Rate GAAP $ 102 $ 18 17.7% $ 89 $ (19) -20.8% Restructuring and other 3 — 11 — Legal Settlement 3
Slide 19: Appendix – GAAP to Non-GAAP Reconciliations
Appendix – GAAP to Non-GAAP Reconciliations Non-GAAP financial measures adjust GAAP financial measures for the items listed below. These Non-GAAP financial measures should be viewed in addition to, and not as a substitute for, MKS’ reported GAAP results, and may be different from Non-GAAP financial