MKS Inc. Reports Fourth Quarter and Full-Year 2025 Financial Results (Form 8-K)

MKS Inc. Reports Fourth Quarter and Full-Year 2025 Financial Results

Andover, MA, February 17, 2026 -- MKS Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, today reported its financial results for the fourth quarter and full year of 2025.

"Our outstanding Q4 and full-year 2025 financial performance demonstrates that the investments we have made to enable today's advanced electronics are bearing fruit," said John T.C. Lee, President and Chief Executive Officer. "Our broad technology portfolio targeted to next-generation semiconductor manufacturing and advanced packaging drove double-digit growth in our two key end markets in 2025. MKS is in an excellent position to capitalize on current and future opportunities in a secular growth environment driven by AI transformation."

"The strong cash flow we generated in 2025 allowed us to proactively invest in our business to support growth and manage our balance sheet," said Ram Mayampurath, Executive Vice President and Chief Financial Officer. "Our debt prepayments, along with the recent refinancing of our term loans and the issuance of €1.0 billion senior notes, have diversified our capital structure, extended our maturities and meaningfully reduced our interest rates, strengthening our financial position."

Selected GAAP and Non-GAAP Financial Measures

(In millions, except per share data)

Additional Financial Information

At December 31, 2025, the Company had $675 million in cash and cash equivalents, $2.9 billion of secured term loan principal outstanding, $1.4 billion of convertible senior notes outstanding and up to $675 million of additional borrowing capacity under a revolving credit facility, subject to certain leverage ratio requirements. During the fourth quarter of 2025, the Company paid a cash dividend of $15 million or $0.22 per diluted share and made a voluntary principal prepayment of $100 million on its USD term loan B.

On February 4, 2026, the Company completed a private offering of €1.0 billion aggregate principal amount of 4.25% senior notes due 2034. The Company used the net proceeds from the offering, together with the net proceeds from the partial refinancing of its then-existing USD term loan B and refinancing of its then-existing EUR term loan B, both of which were also completed on February 4, 2026, and cash on hand to prepay approximately $1.3 billion of, and refinance in full, its existing USD term loan B and refinance in full its existing EUR term loan B. In addition, the Company upsized its revolving credit facility from $675 million to $1 billion.

First Quarter 2026 Guidance(1)

The guidance for the first quarter is based on the current business environment, including the impact of U.S. import tariffs and the imposition of retaliatory actions taken by other countries up through but not including the date of this release. The Company will continue to monitor and adapt to changes in the business environment as needed.

Conference Call Details

A conference call with management will be held on Wednesday, February 18, 2026 at 8:30 a.m. (Eastern Time). To participate in the call by phone, participants should visit the Investor Relations section of MKS' website at investor.mks.com and click on Events & Presentations, where you will be able to register online and receive dial-in details. We encourage participants to register and dial in to the conference call at least 15 minutes before the start of the call to ensure a timely connection. A live and archived webcast and related presentation materials will be available on the Investor Relations section of the MKS website.

(1) See "Use of Non-GAAP Financial Results" below for a discussion of our Non-GAAP financial measures and reliance on the exception in Item 10(e)(1)(i)(B) of Regulation S-K for reconciliations of forward-looking Non-GAAP financial measures.

About MKS Inc.

MKS Inc. (NASDAQ: MKSI) enables technologies that transform our world. We deliver foundational technology solutions to leading edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications. We apply our broad science and engineering capabilities to create instruments, subsystems, systems, process control solutions and specialty chemicals technology that improve process performance, optimize productivity and enable unique innovations for many of the world's leading technology and industrial companies. Our solutions are critical to addressing the challenges of miniaturization and complexity in advanced device manufacturing by enabling increased power, speed, feature enhancement, and optimized connectivity. Our solutions are also critical to addressing ever-increasing performance requirements across a wide array of specialty industrial applications. Additional information can be found at www.mks.com.

Use of Non-GAAP Financial Results