MKS Instruments Second Quarter 2024 Earnings: Beats Expectations

MKS Instruments (NASDAQ:MKSI) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$887.0m (down 12% from 2Q 2023).
• Net income: US$23.0m (up from US$1.77b loss in 2Q 2023).
• Profit margin: 2.6% (up from net loss in 2Q 2023).
• EPS: US$0.34 (up from US$26.48 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

MKS Instruments Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 63%.

Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are down 4.2% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for MKS Instruments (1 is a bit concerning!) that you need to take into consideration.

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