NASDAQ$MKSI
MKS Instruments Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
MKS Instruments reported strong Q3 2021 results driven by semiconductor market growth and advanced markets growth, despite supply chain constraints.
MKS Instruments reported Q3 2021 revenue of $742 million, a 26% increase year-over-year. Non-GAAP net earnings were $155 million, up 45% year-over-year, and GAAP net income was $132 million, up 44% year-over-year. The company expects Q4 2021 revenue of $760 million, plus or minus $30 million, and Non-GAAP net earnings per diluted share of $2.85, plus or minus $0.26.
- Revenue increased by 26% year-over-year to $742 million.
- Semiconductor Market revenue grew by 36% year-over-year.
- Non-GAAP net earnings increased by 45% year-over-year to $155 million.
- The company anticipates the Atotech acquisition to close by the end of 2021.
Headline financials
Revenue & EPS history
MKS · Revenue · Quarterly
$742M
Revenue by segment
MKS · $742M total across 2 segments · Q3 2021
- Semiconductor$488M+35.9%65.8%
- Electronics and Packaging$254M—34.2%
Forward guidance
Based on current business levels and certain supply chain constraints and excluding any contribution from Atotech Limited, the Company expects revenue in the fourth quarter of 2021 of $760 million, plus or minus $30 million. At these volumes, the Company expects Non-GAAP net earnings per diluted share of $2.85, plus or minus $0.26.
Tailwinds
- Revenue guidance for Q4 2021 is $760 million, plus or minus $30 million.
- Non-GAAP net earnings per diluted share for Q4 2021 is expected to be $2.85, plus or minus $0.26.
- The company's strong financial model.
- The pending acquisition of Atotech is proceeding as planned.
- The company expects the transaction to close by the end of 2021.
Headwinds
- Guidance excludes any contribution from Atotech Limited.
- Guidance is based on current business levels and certain supply chain constraints.
- Manufacturing and sourcing risks, including supply chain disruptions and component shortages.
- Fluctuations in capital spending in the semiconductor industry and other advanced manufacturing markets.
- Challenges, risks and costs involved with integrating the operations of the companies we have acquired.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 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 |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| 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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