MKS Q4 2020 Earnings Report
Key Takeaways
MKS Instruments reported record fourth-quarter revenue of $660 million, up 32% year-over-year. Record quarterly Non-GAAP net earnings were $130 million, up 96% year-over-year, and quarterly net income was $116 million, up 170% year-over-year.
Delivered record quarterly and full year revenue, underpinned by strong demand in Semiconductor Market and continued recovery in Advanced Markets.
Achieved record revenue from Power Solutions products and strong year-over-year growth across the remainder of Semiconductor portfolio.
Returned to strong year-over-year growth in Advanced Markets, encouraged with demand trends in Advanced Electronics applications.
Achieved record quarterly Non-GAAP operating income and generated strong operating leverage.
MKS
MKS
MKS Revenue by Segment
Forward Guidance
The Company expects revenue in the first quarter of 2021 of $650 million, plus or minus $25 million. At these volumes, the Company expects GAAP net income per diluted share of $1.91, plus or minus $0.20 and Non-GAAP net earnings per diluted share of $2.16, plus or minus $0.20.