NASDAQ$MKSI

MKS Instruments Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

MKS Instruments delivered strong Q4 2024 results, with revenue exceeding guidance and notable growth in semiconductor and electronics segments. Operating margin improved significantly, and net income turned positive YoY.

Headline financials

Total Revenue

$935M

Previous: $893M+4.7%
EPS (adj)

$2.15

Previous: $1.17+83.8%
Gross Margin

47.2%

Previous: 46.0%+2.6%
Operating Margin

14.5%

Previous: 2.7%+437.0%
Non-GAAP Operating Margin

21.3%

No prior period
Adjusted EBITDA

$237M

Previous: $218M+8.7%
Adjusted EBITDA Margin

25.3%

No prior period
Capital Expenditures

-$51M

Previous: -$34M-50.0%
Net Income

$90M

Previous: -$68M+232.4%
Operating Income

$135M

Previous: $24M+462.5%
Gross Profit

$441M

Previous: $411M+7.3%
R&D Expense

$65M

No prior period

Revenue & EPS history

MKS · Revenue · Quarterly

$935M

Q4 2024+4.7%vs Q4 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

MKS · $932M total across 3 segments · Q3 2023

  • Semiconductor
    $367M-32.2%
  • Specialty Industrial
    $322M+41.2%
  • Electronics & Packaging
    $243M+31.4%

Forward guidance

MKS Instruments expects stable revenue in Q1 2025, with continued strength in optics and chemistry businesses. The company is proactively managing leverage and cost structures to maintain profitability.

Tailwinds

  • Revenue guidance of $910M ± $40M
  • Non-GAAP EPS guidance of $1.40 ± $0.27
  • Strong demand for World Class Optics solutions
  • Improving trends in the chemistry business
  • Effective cost and cash management initiatives

Headwinds

  • Potential headwinds from macroeconomic conditions
  • Uncertain semiconductor market recovery timeline
  • Rising interest expense impacting profitability
  • Tariff uncertainties and potential retaliatory actions
  • Ongoing efforts needed to reduce debt burden

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 Q4 2024

Historical avgQ4 2024

+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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