MKS Q3 revenue fell to $896 million from $932 million; GAAP EPS rose to $0.92
MKS Instruments reported third quarter 2024 results, with revenue of $896 million, down from $932 million a year earlier but up from $887 million in the prior quarter. Profit measures improved year over year, with GAAP net income of $62 million and non-GAAP EPS of $1.72, versus $1.46 a year earlier. The company also gave fourth quarter 2024 guidance of $910 million in revenue, plus or minus $40 million, and non-GAAP EPS of $1.95, plus or minus $0.32.
Key points
- Q3 2024 revenue was $896 million, versus $932 million in Q3 2023 and $887 million in Q2 2024.
- GAAP net income was $62 million, or $0.92 per diluted share, versus $39 million, or $0.58, a year earlier.
- Non-GAAP EPS was $1.72 and Adjusted EBITDA was $232 million, compared with $241 million in Q3 2023.
- Q4 2024 outlook: revenue of $910 million (plus or minus $40 million) and non-GAAP EPS of $1.95 (plus or minus $0.32).
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 06, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.