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Jun 30, 2022

MKS Q2 2022 Earnings Report

MKS Instruments reported record revenue and strong profitability, exceeding expectations despite supply chain and inflationary challenges.

Key Takeaways

MKS Instruments reported record revenue of $765 million for Q2 2022, a 3% sequential increase. Semiconductor Market revenue reached a record $515 million, up 6% sequentially and 19% year-over-year. The company's Non-GAAP EPS was $2.59, and GAAP EPS was $2.32.

MKS Instruments achieved record revenue of $765 million, surpassing the high-end of guidance.

Semiconductor Market revenue reached a new high of $515 million, driven by strong demand.

Non-GAAP net earnings per diluted share were $2.59, exceeding expectations.

The company is progressing with the acquisition of Atotech Limited.

Total Revenue
$765M
Previous year: $750M
+2.0%
EPS
$2.59
Previous year: $3.02
-14.2%
Operating Margin
21.5%
Previous year: 27.7%
-22.4%
Gross Profit
$338M
Previous year: $355M
-4.8%
Cash and Equivalents
$1.07B
Previous year: $755M
+41.0%
Free Cash Flow
$41M
Previous year: $149M
-72.5%
Total Assets
$4.75B
Previous year: $4.21B
+12.8%

MKS

MKS

MKS Revenue by Segment

Forward Guidance

The Company expects revenue in the third quarter of 2022 of $770 million, plus or minus $30 million. At these volumes, the Company expects Non-GAAP net earnings per diluted share of $2.66, plus or minus $0.25.