Slide 1: Second Quarter 2026 Financial Results
Second Quarter 2026 Financial MKS Inc. August 6, 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: Q2 2026 Results: Building Momentum
Q2 2026 Results: Building Momentum $1.2B 47.6% $358M $3.30 REVENUE GROSS MARGIN ADJUSTED NON-GAAP EBITDA NET EARNINGS PER DILUTED SHARE ● Revenue and key profitability metrics came in at the high end or above our guidance ranges ● Results reflect strong performance across all MKS end markets ● Perfo
Slide 5: Semiconductor
Semiconductor Q2 Highlights Business Trends Guidance Q2 2026 Q/Q CHANGE +19% Q3 2026 $554M Y/Y CHANGE +28% $630M+/- $15M REVENUE Y/Y CHANGE1 +30% REVENUE Excluding FX ● Strong broad-based growth across dep & ● Q3 revenue growth expected to accelerate, etch applications across device types growing ov
Slide 6: Electronics & Packaging
Electronics & Packaging Q2 Highlights Business Trends Q/Q CHANGE +19% Guidance Q2 2026 Q3 2026 $381M Y/Y CHANGE +44% $385M+/- $15M REVENUE Y/Y CHANGE1 +36% REVENUE Excluding FX & Palladium ● Accelerating revenue growth driven by strong ● Q3 revenue expected to grow modestly AI-related demand for ad
Slide 7: Specialty Industrial
Specialty Industrial Q2 Highlights Business Trends Q/Q CHANGE +8% Guidance Q2 2026 Q3 2026 $313M Y/Y CHANGE +14% $335M+/- $10M REVENUE Y/Y CHANGE1 +14% REVENUE Excluding FX & Palladium ● Sequential growth reflects strong momentum in ● Expect strong performance in datacom and datacom and seasonal pi
Slide 8: Q2'26 Revenue & Select Financial Measures
Q2’26 Revenue & Select Financial Measures Q2’26 SUMMARY Y/Y Change Excl. ● Revenue above the high end of guidance, driven by Q2'26 Q1'26 Q2'25 FX and Pd(1) strength across all end markets Semiconductor $554M $466M $432M 30% Electronics & Packaging $381M $321M $266M 36% ● Gross margin at high end of
Slide 9: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow Q2’26 SUMMARY Q2'26 Q1'26 ● Liquidity of over $1.6 billion, consisting of $611 million Cash and Cash Equivalents $611M $569M of cash and cash equivalents and an undrawn Trade Accounts Receivable, Net $830M $775M revolving credit facility of $1.0 billion Inventories $1,033M
Slide 10: Outlook
Outlook Outlook Q3'26 Q2'26 Actual ● Revenue outlook by end-market: Revenue $1,350M +/- $40M $1,248M ‒ Semiconductor – $630M +/- $15M Non-GAAP Financial Measures ‒ Electronics & Packaging – $385M +/- $15M Gross Margin 47.0% +/- 100 bps 47.6% ‒ Specialty Industrial – $335M +/- $10M Operating Expenses
Slide 11: Positioned to Win in Robust Demand Environment
Positioned to Win in Robust Demand Environment ● Our business momentum continues to increase ● Semiconductor subsystems support leading-edge deposition and etch applications across logic and memory ● Electronics & Packaging momentum in AI-related applications driven by proprietary chemistry and chem
Slide 12: Q&A
Q&A
Slide 13: Q2'26 Revenue
Q2’26 Revenue Q2’26 Specialty Industrial 25% Semi 44% Electronics & Packaging 31% Consumables & Service 39% 2025 2026 Q2'26 vs Q2'25(1) Change Total Excluding Q1 Q2 Q3 Q4 FY'25 Q1 Q2 Change FX Pd FX & Pd Semiconductor $ 413 $ 432 $ 415 $ 435 $ 1,696 $ 466 $ 554 28% -1% - 30% Electronics & Packaging
Slide 14: Appendix – GAAP to Non-GAAP Reconciliations
Appendix – GAAP to Non-GAAP Reconciliations Q3'26E Q2'26 Q1'26 Q2'25 Net income $ 201 $ 175 $ 84 $ 62 Restructuring and other 5 6 3 5 Legal Settlement — — 3 — Amortization of intangible assets 61 62 63 62 Loss on extinguishment of debt 6 4 5 2 Amortization of debt issuance costs 3 3 4 5 Loss from de
Slide 15: Appendix – GAAP to Non-GAAP Reconciliations
Appendix – GAAP to Non-GAAP Reconciliations Q3'26E Q2'26 Q1'26 Q2'25 Operating expenses $ 346 $ 344 $ 358 $ 318 Restructuring and other 5 6 3 5 Legal Settlement — — 3 — Amortization of intangible assets 61 62 63 62 Fees and expenses related to debt activities — — 18 — Non-GAAP operating expenses $ 2
Slide 16: Appendix – GAAP to Non-GAAP Reconciliations
Appendix – GAAP to Non-GAAP Reconciliations Q3'26E Q2'26 Q1'26 Q4'25 Q3'25 Net income $ 201 $ 175 $ 84 $ 108 $ 74 Interest expense, net 36 36 43 47 50 Other expense (income), net — (2) (1) 6 2 Provision (benefit) for income taxes 46 38 18 (19) 10 Depreciation 25 23 22 24 23 Restructuring and other 5
Slide 17: Appendix – GAAP to Non-GAAP Reconciliations
Appendix – GAAP to Non-GAAP Reconciliations Q2'26 Q1'26 Net cash provided by operating activities $ 243 $ 53 Purchases of property, plant and equipment (55) (25) Free cash flow $ 188 $ 29 Q2'26 Q1'26 Free cash flow $ 188 $ 29 Cash paid for interest 29 22 Tax effect on cash paid for interest1 (6) (5)
Slide 18: Appendix – GAAP to Non-GAAP Reconciliations
Appendix – GAAP to Non-GAAP Reconciliations Q2'26 Q1'26 Income Before Provision for Effective Tax Income Before Provision for Effective Tax Income Tax Income Taxes Rate Income Tax Income Taxes Rate GAAP $ 213 $ 38 17.8% $ 102 $ 18 17.7% Restructuring and other 6 — 3 — Legal Settlement — — 3 — Amorti
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