Strong Revenue Growth
Third quarter revenue reached $988 million, up 10% year-over-year and 2% sequentially, driven by strong demand in semiconductor and electronics and packaging end markets.
Significant Growth in Electronics and Packaging
Revenue in the Electronics and Packaging segment grew 25% year-over-year, with strong performance in chemistry solutions and equipment sales.
Solid Free Cash Flow Generation
Free cash flow was strong at $147 million, representing over 100% of net earnings and 15% of revenue.
Deleveraging Efforts
Successfully completed a $100 million voluntary prepayment on the term loan in October, contributing to a total of $400 million in voluntary payments in 2025.
Advanced Packaging Market Position
MKS is benefiting from AI-driven demand, particularly in advanced packaging technologies, positioning the company as a leader in high-performance computing applications.