MKSI
Market read
The latest filing evidence is available. 17 of 24 group members are active now; 1 filing-linked outsider is moving with the group, and 0 of 2 directly disclosed connections are confirming.
Invalidation: The live read weakens if participation falls to 8 of 24 members or fewer.
Research brief
The latest filing evidence is available. 17 of 24 group members are active now; 1 filing-linked outsider is moving with the group, and 0 of 2 directly disclosed connections are confirming.
No thresholded adverse filing evidence is available yet.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
No credible peer-relative valuation comparison is available yet.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“Interest Expense, Net Three Months Ended Six Months Ended (Dollars in millions) June 30, 2026 March 31, 2026 June 30, 2026 June 30, 2025 Interest expense, net $ 36 $ 43 $ 79 $ 101 Interest expense, net decreased by $7 million for the three months ended June 3…”10-Q · Aug 6, 2026 ↗
“The net increase in working capital was partially offset by an increase in accounts payable of $146 million as a result of increased demand.”10-Q · Aug 6, 2026 ↗
“Gross profit as a percentage of net revenues for MSD decreased for the six months ended June 30, 2026 compared to the same period in the prior year, primarily due to unfavorable product mix, partially offset by higher revenue volumes.”10-Q · Aug 6, 2026 ↗
“Our effective tax rate for the six months ended June 30, 2025 was lower than the U.S.”10-Q · Aug 6, 2026 ↗
Valuation discipline
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 1 Oct, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for MKSI. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
10-Q filed 2026-08-06 against the comparable filing from 2025-08-07.
Capital and cash conversion
Capital spending consumed more revenue while free-cash-flow margin declined.
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
No thresholded deterioration was identified.
“The following table sets forth gross profit as a percentage of net revenues by product and service: Gross Profit Excluding Amortization Three Months Ended Six Months Ended June 30, 2026 March 31, 2026 % Points Change June 30, 2026 June 30, 2025 % Points Change (As a percentage of net revenues) Product 47.3 % 46.1 % 1.2 % 46.7 % 46.0 % 0.7 % Service 50.1 % 54.3 % (4.2 )% 52.0 % 53.8 % (1.8 )% Total gross profit percentage 47.6 % 47.0 % 0.6 % 47.3 % 47.0 % 0.3 % Gross profit as a percentage of net product revenues increased by 1.2 percentage points for the three months ended June 30, 2026 compared to the prior quarter, primarily due to higher revenue volumes, lower excess and obsolete invento...”
“The net increase in working capital was primarily due to increases in accounts receivable of $184 million as a result of higher sales and inventory of $139 million as a result of higher demand.”
“34 The following table sets forth gross profit as a percentage of net revenues by reportable segment: Three Months Ended Six Months Ended June 30, 2026 March 31, 2026 % Points Change June 30, 2026 June 30, 2025 % Points Change (As a percentage of net revenues) Vacuum Solutions Division 43.8 % 42.9 % 0.9 % 43.4 % 44.5 % (1.1 )% Photonics Solutions Division 50.8 % 47.2 % 3.6 % 49.1 % 43.3 % 5.8 % Materials Solutions Division 50.5 % 52.2 % (1.7 )% 51.3 % 54.2 % (2.9 )% Total gross profit percentage 47.6 % 47.0 % 0.6 % 47.3 % 47.0 % 0.3 % Gross profit as a percentage of net revenues for VSD increased for the three months ended June 30, 2026 compared to the prior quarter, primarily due to higher...”
Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
“Credit Facilities On August 17, 2022, we entered into a credit agreement with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, Barclays Bank PLC, and the lenders from time to time party thereto, which we have since amended several time…”
“Sixth Amendment to Credit Agreement, dated as of February 4, 2026, by and among us as parent borrower, the other loan parties party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and each lender party thereto (the “Sixth Amendment”) as well as a…”
Filing peers
Companies whose filings use similar operating language.
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What is moving around it
MKSI is currently a Participant in the organic co-movement group Semiconductor Manufacturing. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
No durable theme membership has been observed for this name yet.