MKS Earnings Reports

MKS Instruments delivered strong Q4 2024 results, with revenue exceeding guidance and notable growth in semiconductor and electronics segments. Operating margin improved significantly, and net income turned positive YoY.

MKS Instruments reported strong third quarter results with revenue of $896 million, GAAP net income of $62 million, and Adjusted EBITDA of $232 million, exceeding the high-end of guidance.

MKS Instruments reported Q2 2024 revenue of $887 million, at the high end of guidance. GAAP net income was $23 million, with a net income per share of $0.33. Adjusted EBITDA was $228 million, and Non-GAAP net earnings per diluted share reached $1.53, exceeding the high-end of guidance.

MKS Instruments reported first quarter revenue of $868 million. GAAP net income was $15 million, with earnings per share of $0.22. Adjusted EBITDA was $217 million, and Non-GAAP net earnings per diluted share reached $1.18.

MKS Instruments reported Q4 2023 financial results with revenue exceeding the high-end of guidance. The company reported a GAAP net loss of $68 million, but a non-GAAP net earnings per diluted share of $1.17 and Adjusted EBITDA of $218 million, also exceeding guidance.

MKS Instruments reported Q3 2023 financial results with revenue of $932 million, in-line with guidance. The company achieved strong profitability through disciplined cost management and favorable product mix, exceeding the high-end of guidance for Non-GAAP gross and operating margins.

MKS Instruments reported Q2 2023 financial results with revenue of $1.0 billion, up 26% sequentially. The company's Non-GAAP net earnings per diluted share was $1.32. The company expects revenue of $930 million for Q3 2023.

MKS Instruments reported first quarter 2023 financial results, with revenue of $794 million. The company experienced a GAAP net loss per diluted share of $0.64, but a non-GAAP net earnings per diluted share of $0.48. They generated $37 million in operating cash flow and $20 million in free cash flow. The company is integrating Atotech and addressing macro and end market-driven softness entering the second quarter.

MKS Instruments reported record quarterly revenue of $1.09 billion, up 42% year-over-year, exceeding the high-end of guidance. Quarterly GAAP net income per diluted share was $0.81 and quarterly Non-GAAP net earnings per diluted share was $2.00, also exceeding the high-end of guidance. The company's manufacturing and service operations are in the recovery phase following a ransomware incident.

MKS Instruments reported record quarterly revenue of $954 million in Q3 2022. Non-GAAP net earnings per diluted share were $2.74, while GAAP net income per diluted share was $0.09. The company successfully completed the acquisition of Atotech Limited, broadening its capabilities in critical chemistry solutions.

MKS Instruments reported record revenue of $765 million for Q2 2022, a 3% sequential increase. Semiconductor Market revenue reached a record $515 million, up 6% sequentially and 19% year-over-year. The company's Non-GAAP EPS was $2.59, and GAAP EPS was $2.32.

MKS Instruments reported Q1 2022 financial results with revenue of $742 million, a 7% year-over-year increase. GAAP net income was $143 million, up 17% year-over-year, and non-GAAP net earnings were $151 million, a 6% year-over-year increase. The company has become the market share leader in RF Power Supplies.

MKS Instruments reported record quarterly revenue of $764 million, up 16% year-over-year, and record quarterly Non-GAAP net earnings of $168 million, up 29% year-over-year, and quarterly GAAP net income of $150 million, up 30% year-over-year. The company also reported record annual revenue of $2.9 billion, up 27% year-over-year.

MKS Instruments reported Q3 2021 revenue of $742 million, a 26% increase year-over-year. Non-GAAP net earnings were $155 million, up 45% year-over-year, and GAAP net income was $132 million, up 44% year-over-year. The company expects Q4 2021 revenue of $760 million, plus or minus $30 million, and Non-GAAP net earnings per diluted share of $2.85, plus or minus $0.26.

MKS Instruments reported record revenue of $750 million, up 38% year-over-year. Record Non-GAAP net earnings were $168 million, up 88% year-over-year, and GAAP net income was $147 million, up 99% year-over-year. Record operating cash flow was $165 million, up 19% year-over-year, and record free cash flow was $149 million, up 26% year-over-year.

MKS Instruments reported record revenue of $694 million, up 30% year-over-year. The company's Non-GAAP net earnings were $143 million, a 68% increase year-over-year, and GAAP net income was $122 million, up 77% year-over-year. The company's operating cash flow was $127 million, up 69% year-over-year, and free cash flow was $100 million, up 55% year-over-year.

MKS Instruments reported record fourth-quarter revenue of $660 million, up 32% year-over-year. Record quarterly Non-GAAP net earnings were $130 million, up 96% year-over-year, and quarterly net income was $116 million, up 170% year-over-year.

MKS Instruments reported record quarterly revenue of $590 million, a 28% increase year-over-year. The company's Semiconductor Market revenue also reached a record $359 million, up 61% year-over-year. Non-GAAP net earnings per diluted share were $1.93, a 72% increase year-over-year, while GAAP net income per diluted share was $1.66. The company also reported record quarterly operating cash flow of $152 million and free cash flow of $123 million.

MKS Instruments reported strong second quarter 2020 financial results, with revenue of $544 million, up 15% year-over-year. Semiconductor Market revenue grew by 50% year-over-year, driven by record revenue in the Power Solutions business. The company achieved record operating cash flow of $139 million and free cash flow of $118 million.

MKS Instruments reported a strong first quarter with revenue at the high end of guidance, driven by a 15% sequential increase in Semiconductor Market revenue. The company managed COVID-19 disruptions effectively, maintaining a strong balance sheet with $503 million in cash and short-term investments.

MKS Instruments reported Q4 2019 revenue of $500 million, an 8% increase year-over-year. GAAP net income was $43 million, or $0.77 per diluted share, while non-GAAP net earnings were $66 million, or $1.20 per diluted share. The company's performance was driven by a 22% sequential increase in Semiconductor Market revenue.