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Sep 30, 2023
MKS Q3 2023 Earnings Report
MKS Instruments reported strong profitability despite muted demand, exceeding guidance for Non-GAAP gross and operating margins.
Key Takeaways
MKS Instruments reported Q3 2023 financial results with revenue of $932 million, in-line with guidance. The company achieved strong profitability through disciplined cost management and favorable product mix, exceeding the high-end of guidance for Non-GAAP gross and operating margins.
Revenue of $932 million, in-line with the midpoint of guidance.
GAAP gross margin of 45.7% and Non-GAAP gross margin of 47.1%, above the high-end of guidance.
GAAP operating margin of 12.6% and Non-GAAP operating margin of 21.8%, above the high-end of guidance.
GAAP net income per diluted share of $0.58 and Non-GAAP net earnings per diluted share of $1.46, above the high-end of guidance.
Revenue by Segment
Forward Guidance
For the fourth quarter of 2023, the Company expects revenue of $840 million, plus or minus $40 million, Adjusted EBITDA of $185 million, plus or minus $20 million, and Non-GAAP net earnings per diluted share of $0.85, plus or minus $0.27.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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