(MKS LOGO)

EXHIBIT 99.1

Contact: Seth H. Bagshaw
Vice President & Chief Financial Officer
Telephone: 978.645.5578

MKS Instruments Reports Fourth Quarter and
Full Year 2010 Financial Results

Record Year in Revenue and Earnings;
117% Revenue Growth and Non-GAAP Net Earnings of $133.4 Million

Andover, Mass., February 2, 2011 — MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of technologies that enable advanced processes and improve productivity, today reports fourth quarter and full year 2010 financial results.

Fourth Quarter Financial Results

Sales were $219.0 million, up 53 percent from $142.8 million in the fourth quarter of 2009 and down slightly from $221.3 million in the third quarter of 2010.

Fourth quarter net income was $35.9 million, or $0.70 per diluted share, compared to net income of $14.9 million, or $0.30 per diluted share, in the fourth quarter of 2009 and $38.6 million, or $0.76 per diluted share, in the third quarter of 2010.

Non-GAAP net earnings, which exclude discontinued operations and special charges, were $34.4 million, or $0.67 per diluted share, compared to $14.9 million, or $0.29 per diluted share, in the fourth quarter of 2009 and $36.8 million, or $0.72 per diluted share, in the third quarter of 2010.

Full Year Results

Net sales were $853.1 million, up 117 percent compared to $392.7 million in 2009. Net income was $142.6 million, or $2.80 per diluted share, compared to a net loss of $212.7 million, or $4.31 per diluted share, in 2009. Non-GAAP net earnings were $133.4 million, or $2.62 per diluted share, compared to a net loss of $1.6 million, or $0.03 per diluted share in 2009.

Leo Berlinghieri, Chief Executive Officer and President, said, “2010 was a tremendous year for MKS, with record-level revenues, profitability and cash flow. Sales increased 117% over 2009 levels, driven by the sharp recovery in semiconductor industry spending and continued growth in the other advanced markets we serve. Our operations team and our suppliers did a terrific job responding to this steep ramp.

“In 2010, we demonstrated the success of our growth strategy and the strength of our operating model. As we look to 2011, we see a number of positive indicators for our business. In the semiconductor market, demand for chips continues to increase, with growing demand for semiconductor rich products like smart phones and tablet computers. Recently, several major IC manufacturers have increased their capital spending plans for 2011, which would indicate another strong year for our semiconductor business. In the other advanced markets we serve, we are encouraged by the continued momentum from a growing global economy, as well as from the recently announced large solar orders.

“Based on these factors and current customer activity, we estimate that revenues in the first quarter of 2011 will increase to a range of $220 to $240 million and, at these volumes, our non-GAAP net earnings could range from $0.62 to $0.77 per share, and our GAAP net income could range from $0.62 to $0.77 per share.”

Conference Call Details

Management will discuss fourth quarter and full year financial results on a conference call tomorrow at 8:30 a.m. (Eastern Time). Dial-in numbers are 1 (800) 762-8795 for domestic callers and 1 (480) 629-9773 for international callers. The call will be broadcast live and available for replay at www.mksinst.com. To hear a telephone replay through February 10, 2011, dial 1 (303) 590-3030, access code 4402397#.

Use of Non-GAAP Financial Results

The financial results that exclude discontinued operations, costs associated with acquisitions and special items, are not in accordance with Accounting Principles Generally Accepted in the United States of America (GAAP). MKS’ management believes the presentation of non-GAAP financial measures, which exclude discontinued operations, costs associated with acquisitions and special items, is useful to investors for comparing prior periods and analyzing ongoing business trends and operating results.

About MKS Instruments

MKS Instruments, Inc. is a global provider of instruments, subsystems and process control solutions that measure, control, power, monitor and analyze critical parameters of advanced manufacturing processes to improve process performance and productivity. Our products are derived from our core competencies in pressure measurement and control, materials delivery, gas composition analysis, control and information technology, power and reactive gas generation, and vacuum technology. Our primary served markets are manufacturers of capital equipment for semiconductor devices, and for other thin film applications including flat panel displays, solar cells, light emitting diodes, data storage media, and other advanced coatings. We also leverage our technology in other markets with advanced manufacturing applications including medical equipment, pharmaceutical manufacturing, energy generation, and environmental monitoring.

Forward-Looking Statements

This release contains projections or other forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act regarding MKS’ future growth and the future financial performance of MKS. These projections or statements are only predictions. Actual events or results may differ materially from those in the projections or other forward-looking statements set forth herein. Among the important factors that could cause actual events to differ materially from those in the projections or other forward-looking statements are the fluctuations in capital spending in the semiconductor industry, fluctuations in net sales to MKS’ major customers, potential fluctuations in quarterly results, the challenges, risks and costs involved with integrating the operations of MKS and any acquired companies, dependence on new product development, rapid technological and market change, acquisition strategy, manufacturing and sourcing risks, volatility of stock price, international operations, financial risk management, and future growth subject to risks. Readers are referred to MKS’ filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, for a discussion of these and other important risk factors concerning MKS and its operations. MKS is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

###

1

MKS Instruments, Inc.
Unaudited Consolidated Statements of Operations
(In thousands, except per share data)

                         
    Three Months Ended
    December 31, 2010   December 31, 2009   September 30, 2010
Net sales
  $ 218,978     $ 142,777     $ 221,323  
Cost of sales
    121,657       83,203       122,820  
 
                       
Gross profit
    97,321       59,574       98,503  
Research and development
    15,790       12,801       15,070  
Selling, general and administrative
    32,880       26,172       28,247  
Amortization of acquired intangible assets
    250       691       250  
Restructuring
          (20 )      
 
                       
Income from operations
    48,401       19,930       54,936  
Interest income, net
    303       156       35  
 
                       
Income from continuing operations before income taxes
    48,704       20,086       54,971  
Provision for income taxes
    14,528       5,680       18,370  
 
                       
Income from continuing operations
    34,176       14,406       36,601  
Income from discontinued operations, net of taxes
    1,773       541       2,035  
 
                       
Net income
  $ 35,949     $ 14,947     $ 38,636  
 
                       
Basic income per share:
                       
Continuing operations
  $ 0.68     $ 0.29     $ 0.73  
Discontinued operations
    0.03       0.01       0.04  
 
                       
Net income
  $ 0.71     $ 0.30     $ 0.77  
Diluted income per share:
                       
Continuing operations
  $ 0.67     $ 0.29     $ 0.72  
Discontinued operations
    0.03       0.01       0.04  
 
                       
Net income
  $ 0.70     $ 0.30     $ 0.76  
Weighted average shares outstanding:
                       
Basic
    50,415       49,509       50,226  
Diluted
    51,245       50,459       50,994  
The following supplemental Non-GAAP earnings information is presented to aid in understanding MKS’ operating results:
                       
Income from continuing operations
  $ 34,176     $ 14,406     $ 36,601  
Adjustments (net of tax, if applicable):
                       
Amortization of acquired intangible assets
    250       691       250  
Restructuring and related items
          (20 )      
Proforma tax adjustments
    (66 )     (220 )     (66 )
 
                       
Non-GAAP net earnings (Note 2)
  $ 34,360     $ 14,857     $ 36,785  
 
                       
Non-GAAP net earnings per share (Note 2)
  $ 0.67     $ 0.29     $ 0.72  
 
                       
Weighted average shares outstanding
    51,245       50,459       50,994  

Note 1: During 2010, the Company sold two product lines that no longer met the Company’s long-term strategic objectives. The results of operations of the two product lines have been classified as discontinued operations in the consolidated statements of operations for all periods provided.

Note 2: The Non-GAAP net earnings and Non-GAAP net earnings per share amounts exclude results of discontinued operations, amortization of acquired intangible assets, acquisition and disposition related charges and special items, net of applicable income taxes.

2

MKS Instruments, Inc.
Unaudited Consolidated Statements of Operations
(In thousands, except per share data)

                 
    Twelve Months Ended December 31,
    2010   2009
Net sales
  $ 853,114     $ 392,693  
Cost of sales
    474,476       262,477  
 
               
Gross profit
    378,638       130,216  
Research and development
    62,689       50,212  
Selling, general and administrative
    119,841       100,429  
Amortization of acquired intangible assets
    1,283       2,762  
Gain on sale of asset
    (682 )      
Goodwill and asset impairment charges
          142,958  
Restructuring
          5,516  
 
               
Income (loss) from operations
    195,507       (171,661 )
Interest income, net
    917       1,641  
 
               
Income (loss) from continuing operations before income taxes
    196,424       (170,020 )
Provision (benefit) for income taxes
    63,505       (20,659 )
 
               
Income (loss) from continuing operations
    132,919       (149,361 )
Income (loss) from discontinued operations, net of taxes
    9,668       (63,298 )
 
               
Net income (loss)
  $ 142,587     $ (212,659 )
 
               
Basic income (loss) per share:
               
Continuing operations
  $ 2.66     $ (3.03 )
Discontinued operations
    0.19       (1.28 )
 
               
Net income (loss)
  $ 2.85     $ (4.31 )
Diluted income (loss) per share:
               
Continuing operations
  $ 2.61     $ (3.03 )
Discontinued operations
    0.19       (1.28 )
 
               
Net income (loss)
  $ 2.80     $ (4.31 )
Weighted average shares outstanding:
               
Basic
    50,077       49,318  
Diluted
    50,927       49,318  
The following supplemental Non-GAAP earnings information is presented to aid in understanding MKS’ operating results:
               
Income (loss) from continuing operations
  $ 132,919     $ (149,361 )
Adjustments (net of tax, if applicable):
               
Amortization of acquired intangible assets
    1,283       2,762  
Gain on sale of asset (Note 2)
    (682 )      
Excess & obsolete inventory adjustment (Note 3)
          12,900  
Goodwill and asset impairment charges (Note 4)
          142,958  
Restructuring and related items (Note 5)
          4,267  
(Benefit) for income taxes (Note 6)
          (6,370 )
Proforma tax adjustments
    (113 )     (8,777 )
 
               
Non-GAAP net earnings (loss) (Note 7)
  $ 133,407     $ (1,621 )
 
               
Non-GAAP net earnings (loss) per share (Note 7)
  $ 2.62     $ (0.03 )
 
               
Weighted average shares outstanding
    50,927       49,318  

Note 1: During 2010, the Company sold two product lines that no longer met the Company’s long-term strategic objectives. The results of operations of the two product lines have been classified as discontinued operations in the consolidated statements of operations for all periods provided.

Note 2: The twelve month period ended December 31, 2010 includes a $682 gain on the sale of a vacated facility.

Note 3: Cost of sales for the twelve month period ended December 31, 2009 includes $12,900 of special charges for excess, obsolete and committed inventory purchases.

Note 4: The twelve month period ended December 31, 2009 includes a $142,958 charge related to the impairment of goodwill and other long-lived assets.

Note 5: The twelve month period ended December 31, 2009 includes $5,516 of restructuring charges primarily for severance related costs offset by a credit of $1,249 for the reversal of previously expensed equity compensation charges of terminated employees.

Note 6: The twelve month period ended December 31, 2009 includes a benefit of $6,370 attributable to the reversal of FIN 48 reserve items as a result of a Federal audit close.

Note 7: The Non-GAAP net earnings (loss) and Non-GAAP net earnings (loss) per share amounts exclude results of discontinued operations, amortization of acquired intangible assets, acquisition and disposition related charges and special items, net of applicable income taxes.

3

MKS Instruments, Inc.
Unaudited Consolidated Balance Sheet
(In thousands)

                 
    December 31, 2010   December 31, 2009
ASSETS
               
Cash and short-term investments
  $ 431,933     $ 271,795  
Trade accounts receivable
    138,181       94,215  
Inventories
    156,429       118,004  
Other current assets
    26,352       48,867  
 
               
Total current assets
    752,895       532,881  
Property, plant and equipment, net
    68,976       67,196  
Goodwill
    140,020       144,511  
Other acquired intangible assets
    1,743       4,963  
Long-term marketable securities
          4,853  
Other assets
    18,779       19,665  
 
               
Total assets
  $ 982,413     $ 774,069  
 
               
LIABILITIES AND STOCKHOLDERS’ EQUITY
               
Short-term debt
  $     $ 12,885  
Accounts payable
    36,427       26,292  
Accrued expenses and other liabilities
    73,259       32,123  
 
               
Total current liabilities
    109,686       71,300  
Other long-term liabilities
    25,688       17,836  
Stockholders’ equity:
               
Common stock
    113       113  
Additional paid-in capital
    663,792       645,411  
Retained earnings
    171,356       28,769  
Other stockholders’ equity
    11,778       10,640  
 
               
Total stockholders’ equity
    847,039       684,933  
 
               
Total liabilities and stockholders’ equity
  $ 982,413     $ 774,069  
 
               

4


The following information was filed by Mks Instruments Inc (MKSI) on Wednesday, February 2, 2011 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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