Recent Updates — MKSI

MKS Inc. has entered into a definitive agreement to sell its Ophir® Optics business to TTM Technologies, Inc. for $650 million in cash, subject to customary closing adjustments. The transaction values the unit at over 18x projected FY 2026 Adjusted EBITDA and is expected to close in the second quarter of 2027, pending regulatory approvals. MKS will retain its Ophir Instruments laser characterization business and the Ophir brand. MKS Inc. provides enabling technologies for semiconductor manufacturing, electronics packaging, and specialty industrial applications.

MKS Inc. reported second quarter 2026 financial results with revenue of $1,248 million and GAAP net income of $175 million ($2.41 per diluted share), both exceeding the high end of guidance. Adjusted EBITDA reached $358 million, also above expectations. The company announced third quarter 2026 revenue guidance of $1,350 million plus or minus $40 million and GAAP net income guidance of $201 million plus or minus $23 million. Additionally, MKS made a voluntary principal prepayment of $100 million on its USD term loan B in August 2026. The company operates in the semiconductor manufacturing equipment and advanced electronics technology sector.