MKS Instruments (MKSI) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - MKS Instruments reported $896 million in revenue for Q3 2024, a year-over-year decline of 3.9%, but exceeded the Zacks Consensus Estimate by 2.62% [1] - The company achieved an EPS of $1.72, which is a 21.13% surprise over the consensus estimate of $1.42, compared to $1.46 a year ago [1] Revenue Breakdown - Semiconductor segment generated $378 million, surpassing the average estimate of $360.69 million, reflecting a year-over-year increase of 3% [3] - Electronics and Packaging segment reported $231 million, slightly above the average estimate of $224.24 million, but down 4.9% year-over-year [3] - Services segment achieved $120 million, exceeding the estimated $112.23 million, marking a 5.3% increase from the previous year [3] - Products segment recorded $776 million, above the average estimate of $762.41 million, but down 5.1% year-over-year [3] - Specialty Industrial segment reported $287 million, slightly below the average estimate of $289.72 million, with a year-over-year decline of 10.9% [3] Stock Performance - MKS Instruments' shares have declined by 5.7% over the past month, contrasting with a 0.7% increase in the Zacks S&P 500 composite [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [4]