
MKS Instruments (MKSI) Stock Forecast & Price Target
MKS Instruments (MKSI) Analyst Ratings
Bulls say
MKS Instruments Inc. reported an 8% year-over-year revenue increase, with its Semiconductor segment, which constitutes 44% of Q1 revenues, rising 3% quarter-over-quarter and demonstrating a robust 20% year-over-year growth when adjusted for currency. The Electronics & Packaging segment also showed strong performance, with a 5% quarter-over-quarter and 16% year-over-year revenue increase, reaching $266 million and exceeding guidance expectations. Additionally, the company achieved an expansion in gross margins of 20 basis points quarter-over-quarter to 47.4%, surpassing estimates, indicating operational efficiency and profitability improvements.
Bears say
MKS Inc reported a decline in Specialty Industrial revenues, totaling $270 million, which reflects a 4% quarter-over-quarter decrease and an 11% year-over-year decrease when excluding foreign exchange and palladium price impacts. The company’s net debt to pro forma TTM EBITDA ratio was 4.0x at the end of Q2, which, although improved from 4.2x in March, indicates a high level of leverage relative to earnings. Furthermore, management anticipates continued revenue declines in certain segments, with a forecasted 9% to 1% decrease in Q2 equipment and production revenue, attributed to pull-forwards in flexible PCB drilling equipment, suggesting ongoing challenges across various end markets, particularly automotive.
This aggregate rating is based on analysts' research of MKS Instruments and is not a guaranteed prediction by Public.com or investment advice.
MKS Instruments (MKSI) Analyst Forecast & Price Prediction
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