MKS Q1 2022 Earnings Report
Key Takeaways
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.
Revenue increased by 7% year-over-year to $742 million.
GAAP net income increased by 17% year-over-year to $143 million.
Non-GAAP net earnings increased by 6% year-over-year to $151 million.
MKS became the market share leader in RF Power Supplies.
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MKS Revenue by Segment
Forward Guidance
The Company expects revenue in the second quarter of 2022 of $730 million, plus or minus $30 million. At these volumes, the Company expects Non-GAAP net earnings per diluted share of $2.28, plus or minus $0.24.