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MKS Instruments (MKSI)
NASDAQ:MKSI
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Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.96Last Year’s EPS
$1.17Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 0.42%
|Next Earnings Date:Feb 04, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial performance with revenue and gross margin exceeding expectations, driven by growth in the semiconductor market and strategic wins in photonics. However, challenges in the specialty industrial market and a stagnant NAND market were noted. Despite these challenges, the company's effective debt reduction and strategic investments position it well for future growth.Company Guidance
During the MKS Instruments Q3 2024 earnings call, the company reported strong financial performance, with revenue reaching $896 million, marking a 1% sequential increase and positioning at the high end of guidance. Gross margin was 48.2%, and operating margin stood at 21.8%, both surpassing expectations. Free cash flow generation was robust at over $140 million, contributing to year-to-date debt prepayments of $426 million. In terms of market performance, semiconductor revenue rose 3% sequentially, while electronics and packaging revenue grew by 1%. The company's guidance for Q4 anticipates revenue of $910 million, with semiconductor revenue estimated at $380 million and electronics and packaging at $240 million. MKS continues to manage costs effectively while investing in strategic growth areas, particularly within photonics and AI-related applications.Strong Financial Performance
MKS delivered a strong third quarter with revenue of $896 million, up 1% sequentially, and at the high end of their guidance range. Gross margin was 48.2%, above the guidance, reflecting strong product mix and cost management.
Debt Reduction Achievements
The company made significant progress in managing its leverage, with $426 million in year-to-date debt prepayments, including a $110 million voluntary prepayment and a $216 million prepayment on their Euro-denominated Term Loan B.
Semiconductor Market Growth
Semiconductor revenue increased 3% sequentially and year-over-year, driven by demand in DRAM and logic/foundry applications.
Photonics Win
MKS achieved a design win in their optics initiative with another customer, highlighting their differentiated technology capabilities in the WFE market.
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MKSI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MKSI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $103.09 | $115.42 | +11.96% |
| Aug 07, 2024 | $103.14 | $109.56 | +6.22% |
| May 08, 2024 | $122.71 | $126.93 | +3.44% |
| Feb 07, 2024 | $107.26 | $113.29 | +5.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does MKS Instruments (MKSI) report earnings?
MKS Instruments (MKSI) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is MKS Instruments (MKSI) earnings time?
MKS Instruments (MKSI) earnings time is at Feb 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MKSI EPS forecast?
MKSI EPS forecast for the fiscal quarter 2024 (Q4) is $1.96.
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