MKS Instruments Beats Q1, Raises Guidance

MKS Instruments posted Q1 adjusted EPS $2.30 beating consensus $2.04, revenue $1.08bn up 15% YoY.
Semiconductor revenue rose to $466m from $413m YoY, Electronics & Packaging to $321m from $253m, driven by AI demand.
Company gave Q2 guidance of $2.90 ± $0.30 EPS and $1.2bn ± $40m revenue, 22% and 11% above estimates respectively.
Shares jumped 7.2% after-hours; MKS completed €1.0bn senior notes, refinanced term loans, raised revolving credit to $1.0bn and dividend to $0.25.