0001193125-26-447410
SEC filingMKS Q3 2026营收与EPS均创纪录并超指引上限，半导体与电子封装高增长驱动利润率扩张。
| 指标 | 本期 | 去年同期 | 同比 |
|---|---|---|---|
| Revenue | $1,413 million | $988 million | — |
| Gross Margin | 47.7% | 46.6% | — |
| Operating Income (GAAP) | $326 million | $138 million | — |
| Operating Margin (GAAP) | 23.1% | 14.0% | — |
| Operating Margin (Non-GAAP) | 27.8% | 20.8% | — |
| Net Income (GAAP) | $236 million | $74 million | — |
| Net Earnings (Non-GAAP) | $292 million | $130 million | — |
| Diluted EPS (GAAP) | $3.26 | $1.10 | — |
| Diluted EPS (Non-GAAP) | $4.18 | $1.93 | — |
| Adjusted EBITDA | $434 million | $240 million | — |
| Semiconductor Revenue | $638 million | $415 million | 54% |
| Electronics & Packaging Revenue | $415 million | $289 million | 43% |
| Specialty Industrial Revenue | $360 million | $284 million | — |
| 期间 | 指标 | 指引 | 口径 |
|---|---|---|---|
| Q4 2026 | Revenue | $1,490 million ± $40 million | N/A |
| Q4 2026 | Gross Margin | 47.5% ± 1.0% | N/A |
| Q4 2026 | Operating Expenses | $355 million ± $5 million | GAAP |
| Q4 2026 | Operating Expenses | $288 million ± $5 million | Non-GAAP |
| Q4 2026 | Net Income | $294 million ± $28 million | GAAP |
| Q4 2026 | Net Earnings | $352 million ± $27 million | Non-GAAP |
| Q4 2026 | Diluted EPS | $4.04 ± $0.38 | GAAP |
| Q4 2026 | Diluted EPS | $5.00 ± $0.38 | Non-GAAP |
| Q4 2026 | Adjusted EBITDA | $461 million ± $29 million | Non-GAAP |
Q3 2026 营收创纪录 $1,413 million，三大终端市场均达或超指引上限，半导体同比增 54%、Electronics & Packaging 同比增 43%，是增长的头号引擎。Gross Margin 由去年同期 46.6% 升至 47.7%，GAAP 营业利润率 23.1%（去年同期 14.0%）、Non-GAAP 27.8%（去年同期 20.8%），管理层将利润率扩张归因于规模效应与营收加速；Non-GAAP 口径剔除重组及其他 $5 million、无形资产摊销 $62 million、债务清偿损失 $5 million 等一次性项。经营现金流 $292 million、自由现金流 $243 million，期末现金 $676 million；季度股息 $0.25/股（去年同期 $0.22），并于 11 月对 USD term loan B 主动提前偿还本金 $100 million。
Q4 2026 指引营收 $1,490 million ± $40 million、Non-GAAP EPS $5.00 ± $0.38、Adjusted EBITDA $461 million ± $29 million，隐含继续环比增长；指引不含待售 Ophir Optics 业务影响，且已计入截至发布日的美国进口关税与他国反制措施。需关注：可转换优先票据因股价转换条件持续满足而在 Q4 可随时转股、已列为短期债务；关税与地缘政治、供应链及半导体资本开支波动为主要风险。