NASDAQ$MKSI

MKS Instruments Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

MKS Instruments executed well in Q1 2022, delivering profitability above expectations despite supply chain challenges and rising input costs.

MKS Instruments reported Q1 2022 financial results with revenue of $742 million, a 7% year-over-year increase. GAAP net income was $143 million, up 17% year-over-year, and non-GAAP net earnings were $151 million, a 6% year-over-year increase. The company has become the market share leader in RF Power Supplies.

  • Revenue increased by 7% year-over-year to $742 million.
  • GAAP net income increased by 17% year-over-year to $143 million.
  • Non-GAAP net earnings increased by 6% year-over-year to $151 million.
  • MKS became the market share leader in RF Power Supplies.

Headline financials

Total Revenue

$742M

Previous: $694M+6.9%
EPS (adj)

$2.71

Previous: $2.56+5.9%
Operating Margin

23.1%

Previous: 22.4%+3.1%
Capital Expenditures

-$19M

Previous: -$26.5M+28.3%
Free Cash Flow

$124M

Previous: $95.8M+29.4%
Net Income

$143M

Previous: $122M+16.9%
Operating Income

$172M

Previous: $156M+10.6%
Gross Profit

$334M

Previous: $322M+3.7%
Cash & Equivalents

$1.01B

Previous: $593M+70.5%
Total Assets

$4.65B

Previous: $4.02B+15.7%
Stock-Based Comp

$8M

Previous: $10M-20.0%

Revenue & EPS history

MKS · Revenue · Quarterly

$742M

Q1 2022+6.9%vs Q1 2021
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

MKS · $742M total across 3 segments · Q1 2022

  • Semiconductor
    $488M+18.4%
  • Specialty Industrial
    $172M
  • Electronics & Packaging
    $82M-70.9%

Forward guidance

The Company expects revenue in the second quarter of 2022 of $730 million, plus or minus $30 million. At these volumes, the Company expects Non-GAAP net earnings per diluted share of $2.28, plus or minus $0.24.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.8%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+2.2%

Avg return

30 days after

59%

40 / 68 earnings

Positive

+14.6%

Q3 2024

Best reaction

-17.1%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.3%+6.1%+2.6%
Q4 2025-4.8%-3.5%-13.6%
Q3 2025+11.1%+9.1%+16.5%
Q1 2025+3.9%+25.6%+19.3%
Q4 2024-6.6%-5.2%-22.4%
Q3 2024+14.6%+13.1%+13.5%
Q2 2024+3.3%+3.0%-1.9%
Q1 2024+3.5%-3.7%+4.0%
Q4 2023+5.8%+11.6%+18.7%
Q3 2023+0.8%+3.4%+28.2%
Q2 2023-5.8%-6.5%-6.3%
Q1 2023+2.1%+0.5%+17.1%
Q4 2022+5.9%+5.5%-5.5%
Q3 2022-17.1%-18.8%+0.5%
Q2 2022+8.9%+11.4%-4.6%
Q1 2022-7.8%-6.2%-1.7%
Q4 2021-6.8%-0.5%-3.1%
Q3 2021+2.2%+7.2%+8.7%
Q2 2021-1.2%-0.1%-4.0%
Q1 2021+1.1%-3.3%+0.6%
Q4 2020-5.7%-7.2%-6.9%
Q3 2020-0.8%-1.6%+23.7%
Q2 2020+4.0%+5.6%+0.1%
Q1 2020+12.4%-4.3%+7.5%
Q4 2019+1.5%-3.5%-9.9%
Q3 2019+14.2%+19.7%+7.0%
Q2 2019-3.1%-8.5%-13.0%
Q1 2019-10.4%-10.5%-28.4%
Q4 2018+2.4%+5.7%+4.2%
Q3 2018-5.3%-4.9%-1.7%
Q2 2018-10.4%-3.6%-10.4%
Q1 2018-2.3%-1.7%+7.1%
Q4 2017+7.2%+1.9%+12.4%
Q3 2017+1.5%+4.9%+2.7%
Q2 2017+3.5%+3.8%-0.4%
Q1 2017+6.7%+7.5%+8.1%
Q4 2016+0.5%+1.0%-2.3%
Q3 2016+1.3%+2.4%+17.5%
Q2 2016-0.7%-3.6%+1.8%
Q1 2016-0.1%
Q4 2015-1.9%
Q3 2015-5.1%
Q2 2015-0.3%
Q1 2015+4.9%
Q4 2014+4.4%
Q3 2014+4.3%
Q2 2014+1.3%
Q1 2014-0.0%
Q4 2013+4.8%
Q3 2013+3.5%
Q2 2013-1.0%
Q1 2013+2.0%
Q4 2012+0.8%
Q3 2012-2.1%
Q2 2012+2.9%
Q1 2012+2.3%
Q4 2011-1.6%
Q3 2011+1.4%
Q2 2011-7.3%
Q1 2010+3.6%
Q1 2011-1.0%
Q4 2008+6.0%
Q4 2010+6.0%
Q3 2010+2.9%
Q3 2009+2.9%
Q4 2009-3.0%
Q2 2009-3.0%
Q2 2010-3.0%

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