NASDAQ$MKSI
MKS Instruments Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
MKS Instruments reported strong profitability despite muted demand, exceeding guidance for Non-GAAP gross and operating margins.
MKS Instruments reported Q3 2023 financial results with revenue of $932 million, in-line with guidance. The company achieved strong profitability through disciplined cost management and favorable product mix, exceeding the high-end of guidance for Non-GAAP gross and operating margins.
- Revenue of $932 million, in-line with the midpoint of guidance.
- GAAP gross margin of 45.7% and Non-GAAP gross margin of 47.1%, above the high-end of guidance.
- GAAP operating margin of 12.6% and Non-GAAP operating margin of 21.8%, above the high-end of guidance.
- GAAP net income per diluted share of $0.58 and Non-GAAP net earnings per diluted share of $1.46, above the high-end of guidance.
Headline financials
Revenue & EPS history
MKS · Revenue · Quarterly
$932M
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
For the fourth quarter of 2023, the Company expects revenue of $840 million, plus or minus $40 million, Adjusted EBITDA of $185 million, plus or minus $20 million, and Non-GAAP net earnings per diluted share of $0.85, plus or minus $0.27.
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 Q3 2023
+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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro