MKS Q1 2021 Earnings Report
Key Takeaways
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.
Record revenue of $694 million, up 30% year-over-year
Record Non-GAAP net earnings of $143 million, up 68% year-over-year, and GAAP net income of $122 million, up 77% year-over-year
Operating cash flow of $127 million, up 69% year-over-year
Free cash flow of $100 million, up 55% year-over-year
MKS
MKS
MKS Revenue by Segment
Forward Guidance
The Company expects revenue in the second quarter of 2021 of $740 million, plus or minus $30 million. At these volumes, the Company expects GAAP net income per diluted share of $2.70, plus or minus $0.26, and Non-GAAP net earnings per diluted share of $2.92, plus or minus $0.26.
Positive Outlook
- Revenue in the second quarter of 2021 of $740 million, plus or minus $30 million
- GAAP net income per diluted share of $2.70, plus or minus $0.26
- Non-GAAP net earnings per diluted share of $2.92, plus or minus $0.26