Stock Track | MKS Instruments Delivers Solid Q3 Results Amid Muted Semiconductor Demand

Stock Track

Nov 07, 2024

MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of enabling technologies for advanced manufacturing processes, reported strong third-quarter 2024 results that exceeded expectations, despite the overall muted demand environment in the semiconductor industry.

For the quarter ended September 30, 2024, MKS reported revenue of $896 million, down 3.9% year-over-year but above the high end of the company's guidance range. Non-GAAP earnings per share came in at $1.72, representing a 17.9% increase from the prior-year period and beating analyst estimates.

The company's Semiconductor Systems segment recorded revenue of $378 million, up 3.0% year-over-year, driven by strong demand for its advanced plasma and reactive gas products used in the manufacturing of logic and memory chips. However, the Electronics and Packaging and Specialty Industrial segments experienced lower revenue due to the broader macroeconomic slowdown.

MKS Instruments' CEO John T.C. Lee noted that while the overall demand environment remains muted, the company's broad portfolio of market-leading solutions positions it well for the expected market recovery as secular drivers in semiconductors and advanced electronics take hold.

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(NASDAQ: MKSI), a global provider of enabling technologies for advanced manufacturing processes, reported strong third-quarter 2024 results that exceeded expectations, despite the overall muted demand environment in the semiconductor industry.</p>\n\n<p>For the quarter ended September 30, 2024, MKS reported revenue of $896 million, down 3.9% year-over-year but above the high end of the company's guidance range. Non-GAAP earnings per share came in at $1.72, representing a 17.9% increase from the prior-year period and beating analyst estimates.</p>\n\n<p>The company's Semiconductor Systems segment recorded revenue of $378 million, up 3.0% year-over-year, driven by strong demand for its advanced plasma and reactive gas products used in the manufacturing of logic and memory chips. However, the Electronics and Packaging and Specialty Industrial segments experienced lower revenue due to the broader macroeconomic slowdown.</p>\n\n<p>MKS Instruments' CEO John T.C. Lee noted that while the overall demand environment remains muted, the company's broad portfolio of market-leading solutions positions it well for the expected market recovery as secular drivers in semiconductors and advanced electronics take hold.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | MKS Instruments Delivers Solid Q3 Results Amid Muted Semiconductor Demand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | MKS Instruments Delivers Solid Q3 Results Amid Muted Semiconductor Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-11-07 10:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of enabling technologies for advanced manufacturing processes, reported strong third-quarter 2024 results that exceeded expectations, despite the overall muted demand environment in the semiconductor industry.</p>\n\n<p>For the quarter ended September 30, 2024, MKS reported revenue of $896 million, down 3.9% year-over-year but above the high end of the company's guidance range. Non-GAAP earnings per share came in at $1.72, representing a 17.9% increase from the prior-year period and beating analyst estimates.</p>\n\n<p>The company's Semiconductor Systems segment recorded revenue of $378 million, up 3.0% year-over-year, driven by strong demand for its advanced plasma and reactive gas products used in the manufacturing of logic and memory chips. However, the Electronics and Packaging and Specialty Industrial segments experienced lower revenue due to the broader macroeconomic slowdown.</p>\n\n<p>MKS Instruments' CEO John T.C. Lee noted that while the overall demand environment remains muted, the company's broad portfolio of market-leading solutions positions it well for the expected market recovery as secular drivers in semiconductors and advanced electronics take hold.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MKSI","symbol_name":"MKS仪器","start_time":0,"source_url":"","article_id":"1185296567","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1185296567","pubTimestamp":1730945338,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"MKS Instruments, Inc. , a global provider of enabling technologies for advanced manufacturing processes, reported strong third-quarter 2024 results that exceeded expectations, despite the overall muted demand environment in the semiconductor industry.For the quarter ended September 30, 2024, MKS reported revenue of $896 million, down 3.9% year-over-year but above the high end of the company's guidance range. Non-GAAP earnings per share came in at $1.72, representing a 17.9% increase from the pri","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MKSI":"MKS仪器"},"translate_title":"股票跟踪MKS Instruments在半导体需求疲软的情况下实现了稳健的第三季度业绩","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MKSI":1},"content_text":"MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of enabling technologies for advanced manufacturing processes, reported strong third-quarter 2024 results that exceeded expectations, despite the overall muted demand environment in the semiconductor industry.\nFor the quarter ended September 30, 2024, MKS reported revenue of $896 million, down 3.9% year-over-year but above the high end of the company's guidance range. 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Lee noted that while the overall demand environment remains muted, the company's broad portfolio of market-leading solutions positions it well for the expected market recovery as secular drivers in semiconductors and advanced electronics take hold.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}