NASDAQ$MKSI
MKS Instruments Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
MKS Instruments reported record revenue and earnings, driven by strong demand in both the Semiconductor Market and Advanced Markets, despite facing increasing supply constraints.
MKS Instruments reported record revenue of $750 million, up 38% year-over-year. Record Non-GAAP net earnings were $168 million, up 88% year-over-year, and GAAP net income was $147 million, up 99% year-over-year. Record operating cash flow was $165 million, up 19% year-over-year, and record free cash flow was $149 million, up 26% year-over-year.
- Delivered record revenue and earnings despite supply constraints.
- Saw strong demand and design win activity across a broad array of applications.
- Revenue from Advanced Markets accelerated, growing more than 40% year-over-year.
- Gross margins exceeded the midpoint of guidance, leading to Non-GAAP operating margin expansion.
Headline financials
Revenue & EPS history
MKS · Revenue · Quarterly
$750M
Revenue by segment
MKS · $932M total across 3 segments · Q3 2023
- Semiconductor$367M-32.2%39.4%
- Specialty Industrial$322M+41.2%34.5%
- Electronics & Packaging$243M+31.4%26.1%
Forward guidance
The Company expects revenue in the third quarter of 2021 of $720 million, plus or minus $30 million. At these volumes, the Company expects Non-GAAP net earnings per diluted share of $2.74, plus or minus $0.26.
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 Q2 2021
+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
| Quarter | Report date | Reaction (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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