MKS Instruments reported Q4 2019 revenue of $500 million, an 8% increase year-over-year. GAAP net income was $43 million, or $0.77 per diluted share, while non-GAAP net earnings were $66 million, or $1.20 per diluted share. The company's performance was driven by a 22% sequential increase in Semiconductor Market revenue.
Quarterly revenue reached $500 million, reflecting an 8% sequential increase.
Semiconductor revenue experienced a substantial 22% sequential growth.
Non-GAAP net earnings amounted to $66 million, translating to $1.20 per diluted share.
GAAP net income stood at $43 million, equivalent to $0.77 per diluted share.
The Company expects that revenue in the first quarter of 2020 could range from $495 to $545 million. At these volumes, GAAP net income could range from $0.82 to $1.18 per diluted share and non-GAAP net earnings could range from $1.14 to $1.49 per diluted share.