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Jun 30, 2021
MKS Q2 2021 Earnings Report
MKS Instruments reported record revenue and earnings, driven by strong demand in both the Semiconductor Market and Advanced Markets, despite facing increasing supply constraints.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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