On July 30, MKS Instruments rose 11.42% in regular trading, trading at $294.6/share, with turnover of $182 million. The stock had already gained 5.59% in pre-market trading before extending its rally during the regular session.
The surge came amid a broad semiconductor equipment sector rally and ahead of the company's Q2 earnings release scheduled for August 5. Consensus estimates project revenue growth of 29.48% year-over-year to $1.205 billion, with adjusted EPS expected at approximately $2.96, representing 82.23% year-over-year growth. EBIT is forecast at $287 million, up 58.46% year-over-year, indicating significant operating leverage release from order backlog conversion and shipment arrangements.
Within the Semiconductor Equipment sector, the overall sector rallied strongly. Among individual stocks, Lam Research up 20.96%, Applied Materials up 15.21%, Teradyne up 11.9%, KLA-Tencor up 8.36%, ASML Holding up 7.41%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)