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Mar 31, 2020
MKS Q1 2020 Earnings Report
Revenue increased driven by Semiconductor Market demand while managing COVID-19 disruptions.
Key Takeaways
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.
Revenue reached $536 million, a 7% increase sequentially and a 16% increase year-over-year.
Non-GAAP net earnings were $85 million, or $1.54 per diluted share.
GAAP net income was $69 million, or $1.25 per diluted share.
Semiconductor Market revenue grew 15% sequentially.
Revenue by Segment
Forward Guidance
The Company expects revenue in the second quarter of 2020 could range from $450 million to $520 million.
Positive Outlook
- GAAP net income could range from $0.62 to $1.10 per diluted share
- Non-GAAP net earnings could range from $0.90 to $1.38 per diluted share
Historical Earnings Impact
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Avg. Return Before/After Earnings
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