MKS INSTRUMENTS Reports Record Fiscal Year 2023 Q2 Earnings Results
August 7, 2023
🌥️Earnings Overview
On August 2, 2023, MKS INSTRUMENTS ($NASDAQ:MKSI) reported their second quarter earnings for fiscal year 2023. Total revenue rose to USD 1003.0 million, a 31.1% increase from the same quarter of the previous year, while net income plunged to a loss of USD -1769.0 million compared to a net income of USD 130.0 million one year ago.
Market Price
On Wednesday, MKS INSTRUMENTS reported its record fiscal year 2023 Q2 earnings results. The stock opened at $105.4 and closed at $102.6, down 4.7% from the previous closing price of 107.6. In addition to strong financials, MKS INSTRUMENTS also reported a number of operational successes throughout the quarter. Overall, MKS INSTRUMENTS had a successful quarter and continues to demonstrate strong financial performance and operational success as it looks to finish the fiscal year with record results. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mks Instruments. More…
| Total Revenues | Net Income | Net Margin |
| 3.84k | -1.75k | 3.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mks Instruments. More…
| Operations | Investing | Financing |
| 361 | -4.58k | 3.92k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mks Instruments. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.23k | 6.74k | 37.37 |
Key Ratios Snapshot
Some of the financial key ratios for Mks Instruments are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 23.4% | 12.7% | -37.2% |
| FCF Margin | ROE | ROA |
| 6.4% | -25.7% | -9.7% |
Analysis
GoodWhale has conducted an analysis of MKS Instruments’ fundamentals and found that the company has a high health score of 7/10. This is positive news, as it suggests that the company is capable to safely ride out any crisis without the risk of bankruptcy. Additionally, MKS INSTRUMENTS was strong in dividend, growth, and profitability and weak in asset. Furthermore, our Star Chart categorised MKS INSTRUMENTS as a ‘gorilla’, a type of company we conclude that achieved stable and high revenue or earning growth due to its strong competitive advantage. Given these impressive fundamentals, we anticipate that a range of investors may be interested in MKS INSTRUMENTS. These could include those looking for reliable returns in the form of dividends, those focused on growth, or those looking for a company with a proven competitive advantage. More…
Peers
The company’s products are used in semiconductor, flat panel display, industrial, and scientific research applications. MKS Instruments is a publicly traded company with annual revenues of over $1 billion, and is headquartered in Andover, MA. MKS Instruments’ primary competitors are Coherent, Inc., Teledyne Technologies, Inc., and Horiba, Ltd. These companies are all much larger than MKS Instruments, with Coherent and Teledyne each having over $2 billion in annual revenue, and Horiba having over $3 billion. All three of these companies are much more diversified than MKS Instruments, with each having a significant presence in a variety of industries beyond just the semiconductor and flat panel display industries.
– Coherent Inc ($NYSE:TDY)
Teledyne Technologies Inc is a provider of advanced electronics and communication products. Its products are used in a variety of industries including aerospace, defense, medical, and industrial. The company has a market cap of 16.43B as of 2022 and a return on equity of 6.93%. Teledyne Technologies is a diversified company with a strong history of innovation and growth.
– Teledyne Technologies Inc ($TSE:6856)
As of 2022, Horiba Ltd has a market capitalization of 246.85 billion and a return on equity of 9.91%. The company is a leading provider of scientific instruments and analytical and measurement solutions. Its products are used in a variety of fields, including automotive, environmental, life science, semiconductor, and chemical.
Summary
Investors in MKS Instruments should take note of the company’s latest financial results. In the fiscal year 2023 Q2, the company reported a 31.1% increase in total revenue to USD 1003.0 million; however, net income was reported at a loss of -1769.0 million, compared to a net income of USD 130 million the year prior. These results had an immediate effect on the stock price, which dropped on the same day. Investors should consider this information carefully when evaluating their potential investments in the company.
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