Loading...
•
Jun 30, 2020
MKS Q2 2020 Earnings Report
Reported strong financial results with revenue up 15% year-over-year and semiconductor market revenue up 50% year-over-year.
Key Takeaways
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.
Revenue reached $544 million, a 15% increase year-over-year.
Semiconductor Market revenue increased by 50% year-over-year, totaling $321 million.
Non-GAAP net earnings per diluted share were $1.62, up 49% year-over-year.
Record operating cash flow of $139 million and free cash flow of $118 million were achieved.
Revenue by Segment
Forward Guidance
The Company expects revenue in the third quarter of 2020 could range from $535 million to $585 million. At these volumes, GAAP net income could range from $1.30 to $1.68 per diluted share and non-GAAP net earnings could range from $1.55 to $1.95 per diluted share.
Positive Outlook
- Revenue could range from $535 million to $585 million.
- GAAP net income could range from $1.30 to $1.68 per diluted share.
- Non-GAAP net earnings could range from $1.55 to $1.95 per diluted share.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...