Monitor regulatory approvals and closing conditions through Q2 2027; the sale strengthens MKS's balance sheet and focuses the company on core semiconductor and electronics markets.
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Executive Summary
MKS Inc. announced it has entered into a definitive agreement to sell its Ophir Optics business to TTM Technologies, Inc. for $650 million in cash, representing an estimated multiple of over 18x projected FY 2026 Adjusted EBITDA. The transaction is expected to close in Q2 2027 and will strengthen MKS's balance sheet while retaining the Ophir Instruments laser characterization business.
Key Facts
- MKS sells Ophir Optics to TTM for $650 million all-cash
- Purchase price represents over 18x projected FY 2026 Adjusted EBITDA
- Transaction expected to close in Q2 2027
- Ophir Instruments laser characterization business retained
- J.P. Morgan Securities serving as exclusive financial advisor
Financial Impact
$650 million all-cash sale of Ophir Optics business
Risk Factors
- Transaction subject to regulatory approvals and customary closing conditions
- Potential failure to meet closing conditions or realize expected benefits
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-424709 |
| Document: mksi-ex99_1.htm | 0001193125-26-424709 |
| Document: 0001193125-26-424709-index-headers.html | 0001193125-26-424709 |
| Document: 0001193125-26-424709-index.html | 0001193125-26-424709 |
| Document: 0001193125-26-424709.txt | 0001193125-26-424709 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 7d ago | Institutional Cluster | $216.10 | awaiting T+5 | — | $212.16 (−1.82%) |
Oct 19, 2026 8d ago | 8-K | $215.41 $202.28 | ▼ −6.10% | ▼ −5.95% | $212.16 (−1.51%) |
Oct 19, 2026 8d ago | Press Release | $215.41 $204.80 | ▼ −4.93% | ▼ −4.78% | $212.16 (−1.51%) |
Sep 1, 2026 8w ago | 144 | $246.44 $268.05 | ▲ +8.77% | ▲ +8.69% | $212.16 (−13.91%) |
Jul 13, 2026 15w ago | Press Release | $352.03 $324.69 | ▼ −7.77% | ▼ −6.98% | $212.16 (−39.73%) |
Jun 8, 2026 20w ago | Insider Cluster | $312.09 $375.32 | ▲ +20.26% | ▲ +18.15% | $212.16 (−32.02%) |
Jun 2, 2026 21w ago | Insider Cluster | $329.66 $320.96 | ▼ −2.64% | ▲ +0.33% | $212.16 (−35.64%) |
Jun 2, 2026 21w ago | Insider Cluster | $329.66 $320.96 | ▼ −2.64% | ▲ +0.33% | $212.16 (−35.64%) |
May 28, 2026 21w ago | Insider Cluster | $323.41 $328.44 | ▲ +1.56% | ▲ +1.24% | $212.16 (−34.40%) |
May 28, 2026 21w ago | Insider Cluster | $323.41 $328.44 | ▲ +1.56% | ▲ +1.24% | $212.16 (−34.40%) |
US Market Status
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