Filing Flows › MKS (MKSI) › Q1 2025
MKS (MKSI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
MKS (MKSI) reported revenue of $936M for the first quarter 2025 (Q1 2025), +8% from a year earlier and +0.2% from the quarter before. Operating margin was 11.9%, net earnings $52.0M (5.6% of revenue).
MKS, Q1 2025: revenue $936M (+8% year over year), operating margin 11.9%, net earnings $52.0M, operating cash flow $141M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $936M | +0.2% | +8% |
| Gross profit | $444M | +0.7% | +7% |
| Operating profit | $111M | -18% | +5% |
| Net earnings | $52.0M | -43% | +247% |
| Operating cash flow | $141M | -20% | +110% |
| Free cash flow | $123M | — | +151% |
What changed
Revenue was $936.0M in Q1 2025, up 8% year over year and roughly flat from the previous quarter. Semiconductor was the largest line at 44% of revenue. Semiconductor added $62.0M year over year (up 18%), 91% of the total change. Specialty Industrial declined 13%.
Gross margin was 47.4%, down 0.4 points from a year earlier. Operating profit was $111.0M, a 11.9% margin (down 0.4 points year over year). Of the extra revenue versus a year earlier, 7% reached operating profit, below the 12% margin then. Operating expenses grew 8% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+13%). Net earnings were $52.0M, up 247% year over year. The effective tax rate was 11.9%.
Operating cash flow was $141.0M (up 110% year over year), 271% of net earnings. Non-cash charges added back $85.0M of depreciation and amortization and $22.0M of share-based compensation. Working capital and other items used $18.0M. After purchases of property, plant and equipment ($18.0M), free cash flow as the company reports it was $123.0M.
Questions
What was MKS' revenue in the first quarter 2025?
MKS (MKSI) reported revenue of $936M for the first quarter 2025 (Q1 2025), +8% from a year earlier and +0.2% from the quarter before.
Was MKS profitable in the first quarter 2025?
Operating profit was $111M (11.9% of revenue) and net earnings $52.0M.
Source: MKS 10-Q on SEC EDGAR.