canar.ai
Rankings/MKSI/Q3 2023 Analysis

Mks Inc

MKSI
Q3 2023(MKSI Q2 FY2023)Estimated6% AI
AI Revenue %
6%
AI Fair Value
$532.6M
AI Revenue (Q)
$60.2M
Total Revenue (Q)
$1.0B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.gov

Analysis

Q2 FY2023 total revenue $1,003M. No quarterly end-market breakdown in Q2 filing. FY2023 annual semiconductor = $1,479M / $3,622M = 40.8%. Q2 2023 saw early AI capex acceleration (NVIDIA H100 ramp, hyperscaler AI buildout). Semiconductor share of MKS revenue in Q2 estimated ~41%. AI share of semiconductor capex rising to ~14-16% as ChatGPT-driven investment began flowing through. Conservative: 41% x 15% = 6.2%, rounded to 6%.
Analyzed by claude-opus-4-6

Quoted Figures

Total net revenues $1,003M for Q2 2023
10-Q filed 2023-06-30, Condensed Consolidated Statements of Operations
FY2023 Semiconductor end market revenue $1,479M of $3,622M total
10-K filed 2023-12-31, Revenue Disaggregation

AI Products Identified (Ring 1)

Process control instruments for advanced node fabricationVacuum and gas delivery systemsElectronic packaging materials for AI chip 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