continued execute strong to metrics as We results ambitious managing of with Both thank trust performance our and range net Good who per as and we us joining as guidance inflationary share the through the quarter revenue diluted hard our chain valued to customers to result exceeded continuing earnings are million of pressures. future. delivered by constraints These the costs ingenuity morning, end in our efficiency, our supply and ability the everyone and the also employees, second you dedication $X.XX. of while for Thanks manage chain the factory record results with of David. profitability well exceptional $XXX in testament a of and today. is supply our work, partners their R&D continue MKS. collaboration plans This to place with for in invest and high
quarter to increasing on quarter, and and record provide my second like in market current exceeding our trends. sequentially demand X% thoughts detail our more results our revenue second on I'd the delivered Now, from semiconductor expectations. We
lot in quarter. a business focus second of environment, clearly there's remained the on current While macro our strong levels the
Our operations industry-wide supply components improved executed and to fully meet second chain constraints demand. remain customers. in to engineering to in deliver supply navigating extremely to of customer our quarter certain somewhat well, we teams ability continue but our constrained the Availability
market-leading portfolio our market the is of most is and performance customer enabler result critical Solutions which both for their and vacuum Photonics return the of solve help industry. example our our deep the A on revenue to demand our technology scaling the RF in investments of of the complex engineering highlight was good the supplies, value strong results we've development power at most and investments advanced strong relationships across These success record problems semiconductor with nodes. Our the semiconductor the in semiconductor made our broad-based for vertical R&D divisions. a
NAND. etch for been XD has gain driven Our dielectric primarily applications market by share
to conductor opportunity. attractive an see share market solutions continuing also etch traction in we are We gain gain where
applications. see we opportunities addition, advanced deposition increasing in In
of because displaced pulsing dual we example, level process our foundry deposition capability. for For the incumbent leading-edge
As we over the taken reported leadership past our supplies share market power year. by tech insights, have in
the vertical growth We opportunity further for trend continued attractive of an scaling continue in see to given semiconductor structures.
gas We in our We a portfolio significant we the where reactive also for large leading strong our foundry clean market follow-on applications. ozone quarter. delivered wet saw from plasma record revenue and received demand dissolved orders across for a solutions
Our customers clean alternative use are increasing solutions, of traditional our environmentally ozone dissolved an to wet their sustainable as chemistries.
for We well need use semiconductor to from leading-edge believe to While careful require benefit after positioned expansions, also oxygen solutions. naturally from not grown cleaning fab down chemicals we the toxic solutions that foundry break industry's traditional the and ozone are disposal, green water, our only solutions process. but
in record in and point leadership critical of pressure, revenue also is vacuum breadth which portfolio, delivered unmatched from our valves yet the an over of subsystems, our products We vacuum proof analytic control solutions. another
chamber to a critical pressure that marketplace. pressure Our solutions solutions. yield role across in critical the for the our and flagship measurement applications. deposition customers our with play which precision, were example extreme quality the to enabling products is etch Take able to gas provide in and measure We
record, millimeter important detecting Baratron to our pleased more capacitance underscore market-leading of lithography, with the solutions motion reached I'm akin to and sensitivity unprecedented Our revenue our and and than that the manometer strength second in inspection optical We market vacuum the in chamber. basis. And considerably Photonics strategy a metrology In a solutions semiconductor market, division, as quarter, saw the one beyond of the from another products. a year-over-year enabler movement growing our kilometer accuracy, in particular our a extended on solutions growing technology enables to semiconductor away. Photonics It's applications. traction
wafer few the movement is precise are win a performance to our of customers worth Our -- throughput. seen from to to and the process past advanced metrology which Solutions Motion our within Precision business activity to few using quarters. In as in applications, win packaging, design highlighting, semiconductor enable customers levels an acceleration and rapid Solutions the over inspection we placement accuracy atoms of critical have and are Motion and
our semiconductor that trends clean to look portfolios our vacuum we As remains across strong wet photonics quarter, inspection metrology, lithography, deposition, and etch, the market third serve applications. demand in and
that supply we long-term we While every our we subsystem constraints our demand We technology world as in expect positioned using quarter outlook with chip manufacturer And In to critical as chain and today by provider. consistent well nearly semiconductor revenue short, levels. semiconductor across well believe is the are Technology. such, the business be the leading, is impacted in executing capitalize second made on market. secular to a remain are growth MKS we healthy,
extend major this have space or We market. in more done intend further than lead as the have one categories XX We semiconductor grow even our number for in two we the in number our of and nearly product all positions years. to
our our expectations customers as the revenue temporarily earnings electronics advanced slowed to discussed Consistent soften, industry in demand. sequentially. continued softness have capacity in in Moving call, X% part to our demand declined QX has flexible expansions to as quarter and due market, for PCB drilling second in via with smartphone
PCB In seen addition to to tied market, flexible applications in consumer we've other also electronics. softness the
advanced miniaturization opportunity, While remain electronics market is and as manufacturing soft now, very that secular for drive semiconductor key business, applications. advanced and And our is for electronics processing trends the our muted. ahead. right PCB, long-term solutions The electronics, complexity are same drivers we about substrate HDI are demand this the new laser-based years we excited positioned via expect more for their believe PCB features we flexible third more demand drilling power, our and to for and well all the devices. quarter PCB form believe remain IC factors industry In customers We transitory.
to remain Electronics expect market we Advanced from levels. consistent our revenue such, As quarter second with
expectations. our Health to market, consistent saw across Sciences Turning demand Life revenue and specialty our X% with Industrial, industrial Research Defense We applications. sequentially steady and grew and
more our reminder, and stream applications of array cash with good a market stable comprised broad of provides a As Specialty flow. revenue Industrial a margins
the with Specialty revenue quarter expect For consistent remain levels. to from second Market third quarter we Industrial our
acquisition new customers. pending to we look and motion of solutions for Atotech, in innovations our and to our Moving chemistry, and combining to drive forward remain faster optics, excited very lasers, capabilities process our
of which Advanced uniquely significant, that We our next-generation adjacent to interconnect, Electronics. MKS expect will optimize a expertise enabling is the point position
for acquisition Jersey I'm to anticipated close announce the by Royal unconditional section on the of today received the from obtaining subject closing Administration XXth, of satisfaction China's August the that State and pleased transaction, is Court of As merger approval required to for The Regulation. conditions. status the to we Market customary
a in MKS of track clearly results. second of our in leadership operational has and you quarter excellence challenging today's and long-standing well know many record has execute As technology continue to demonstrated environment we
the the landscape are our delivering on monitoring like position to impacts our supply customers. overall Seth. macroeconomic and call an While and are to we is environment for chain I'd continue turn to healthy outstanding closely demand over our that, in With we business,
