canar.ai
Rankings/MKSI/Q2 2024 Analysis

Mks Inc

MKSI
Q2 2024(MKSI Q1 FY2024)Estimated7% AI
AI Revenue %
7%
AI Fair Value
$685.8M
AI Revenue (Q)
$60.8M
Total Revenue (Q)
$868.0M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.gov

Analysis

Q1 FY2024 total revenue $868M. Segment note shows Semiconductor end market = $351M / $868M = 40.4%. AI share of semiconductor capex accelerating in 2024 with NVIDIA Blackwell ramp, HBM demand surge, and CoWoS advanced packaging buildout. AI share of semiconductor capex estimated ~17-18%. Conservative: 40.4% x 17% = 6.9%, rounded to 7%.
Analyzed by claude-opus-4-6

Quoted Figures

Semiconductor $351, Electronics and Packaging $208, Specialty Industrial $309, total $868 for Q1 2024
10-Q filed 2024-03-31, Note 3 Revenue Disaggregation
VSD $332, PSD $254, MSD $282 for Q1 2024
10-Q filed 2024-03-31, Note 3 Revenue Disaggregation

AI Products Identified (Ring 1)

Process control instruments for advanced node fabricationVacuum/gas delivery for AI chip deposition/etchElectronic packaging materials for CoWoS/HBM advanced packaging

AI-Enabled Items (Ring 2 — Not Counted)

These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.

General semiconductor manufacturing instrumentsSpecialty chemicalsIndustrial laser systems

Confidence Tier

EstimatedNo direct AI revenue disclosure — estimated from product mix