ANDOVER, MA -- MKS Instruments, the parent company of laser drill maker ESI, reported record third quarter consolidated revenue of $590 million, up 28% year-over-year.

Net income rose $18 million, to reach $109 million for the September quarter.

Semiconductor market revenue rose 61% year-over-year to $359 million.

Operating cash flow also set a record at $152 million, while free cash was $123 million.

“We delivered record quarterly revenue for MKS, led by record semiconductor market revenue and a recovery in our Advanced Markets revenue. Demand for our critical enabling technologies in the semiconductor market was broad-based across our portfolio and, in particular, for power solutions, which has grown more than 110% year-on-year for the first nine months of 2020 and achieved another quarter of record revenue,” said John T.C. Lee, president and chief executive.

Lee added, “We are encouraged with the sequential growth in our Advanced Markets, particularly given the anticipated seasonal decline in our flex PCB drilling business. We are excited about the long-term opportunities in precision laser processing and our unique positioning to capitalize on them.”

MKS guided for fourth quarter revenue of $575 million to $625 million.

Learn to design very high-frequency analog PCBs, mix RF with digital or mix low-frequency analog with digital with signal integrity and noise control. RF and Mixed Signal PCB Layout is a two-hour webinar by Rick Hartley for board designers to understand the things RF engineers request during PCB layout. www.pcb2day.com

• Prev
• Next