MKS Q2 2021 Earnings Report
Key Takeaways
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.
Delivered record revenue and earnings despite supply constraints.
Saw strong demand and design win activity across a broad array of applications.
Revenue from Advanced Markets accelerated, growing more than 40% year-over-year.
Gross margins exceeded the midpoint of guidance, leading to Non-GAAP operating margin expansion.
MKS
MKS
MKS Revenue by Segment
Forward Guidance
The Company expects revenue in the third quarter of 2021 of $720 million, plus or minus $30 million. At these volumes, the Company expects Non-GAAP net earnings per diluted share of $2.74, plus or minus $0.26.
Revenue & Expenses
Visualization of income flow from segment revenue to net income