SAN JOSE, Calif. Here are the winners and losers in terms of financial results posted on Wednesday (July 26):
Winners: Advanced Energy, ATMI, CyberOptics, Mattson, MEMC, SemiTool, Siliconware, STATS ChipPAC
Losers: Advantest, Ibis, Therma-Wave
Subsystems supplier Advanced Energy Industries Inc. (Fort Collins, Colo.) said sales were $104.6 million for the second quarter of 2006, up 11.3 percent compared to $94.0 million for the first quarter of 2006, and up 24.2 percent compared to $84.2 million in the second quarter of 2005.
Second quarter 2006 net income was $18.2 million, or $0.40 per diluted share, up 42.3 percent compared to net income of $12.8 million, or $0.28 per diluted share in the first quarter of 2006, and $5.9 million, or $0.18 per diluted share in the second quarter of 2005.
Hans Betz, president and chief executive officer of Advanced Energy, said, "Sales to semiconductor, flat panel display and architectural glass customers drove much of the second quarter demand with double-digit sequential growth in all three of these core markets."
The company anticipates third quarter sales in the range of $102 million to $106 million.
Advantest Corp. (Tokyo) posted a net income of 11.5 billion yen ($98 million) in the quarter, up 46.8 percent over the like period a year ago. Sales were up 15.1 percent to 59.9 billion yen ($515 million).
There was good and bad news for the ATE giant. Memory test sales were up and LCD driver test solutions were "steady," according to the firm.
But the company's T2000 line of logic testers declined in the quarter due to a "pause" in sales. Advantest mainly sells the T2000 to one customer: Intel Corp.
For the current quarter, sales are projected to hit 70.1 billion yen ($602.7 million).
ATMI Inc. (Danbury, Conn.), a supplier of specialty materials and high-purity materials handling and delivery solutions for semiconductor manufacturers, announced revenues of $82.5 million for the second quarter of 2006, an increase of 19 percent from $69.3 million in the second quarter of 2005.
Net income for the quarter increased by 26 percent to $10.1 million from $8.0 million in the second quarter of 2005, and earnings per share increased to $0.27 per diluted share from $0.22 per diluted share in the second quarter of 2005.
In a statement, Dan Sharkey, chief financial officer said:
``In light of our strong second quarter results and the prospect of a relatively flat wafer start environment, particularly at the foundries, we estimate third quarter revenues in the $80 to $85 million range, and diluted earnings per share in the $0.24 to $0.29 range."
Equipment maker CyberOptics Corp. said consolidated sales totaled $14,551,000, an increase of 73 percent from $8,429,000 in the year-earlier period but down slightly from $14,718,000 in this year's first quarter.
Net income came to $1,907,000 or $0.21 per diluted share, up significantly from $202,000 or $0.02 per diluted share in the year-earlier period and up 31 percent from $1,456,000 or $0.16 per diluted share in this year's first quarter.
CyberOptics is forecasting earnings of $0.16 to $0.19 per diluted share on sales of $14.0 to $15.0 million for the third quarter ending September 30. This guidance incorporates stock compensation expenses of approximately $0.02 per diluted share.
Ibis Technology Corp. (Danvers, Mass.), a provider of SIMOX-SOI implantation equipment, said revenues for the second quarter of 2006 were $42,000, compared to total revenues in the preceding quarter of $6.3 million, which included approximately $6.0 million of equipment revenue related to the customer acceptance and revenue recognition of an i2000 implanter during the first quarter. Total revenues in the second quarter of 2005 were $199,000.
Net loss for the 2006 second quarter was $2.2 million, or a loss of $0.20 per share, compared to a net income for the preceding quarter of $1.4 million, or $0.12 per share. Net loss in the second quarter of 2005 was $2.6 million, or a loss of $0.25 per share.
Net loss for the second quarter of 2006 reflects stock based compensation charges of $97,000, or $0.01 per share, associated with the implementation of Statement of Financial Accounting Standards No. 123.
The second Ibis i2000 oxygen implanter sold to Sumitomo Mitsubishi Silicon Corp. (Sumco), one of the world's largest silicon wafer manufacturers, has been installed.
"Although the system already has achieved the performance specifications defined by the original purchase order, Ibis and Sumco are working together to reach a new, lower threshold for metallic contamination," according to the firm. "The result will be improved product quality. Once this additional milestone is achieved and customer acceptance is received for the implanter, we will recognize approximately $7.0 million in revenue."
Mattson Technology Inc. (FREMONT, Calif.) said sales for the current quarter were $63.3 million, up 8.4 percent from $58.4 million for the previous quarter, and up 5.0 percent from $60.3 million in the second quarter of 2005.
Net sales for the second quarter of 2006 and 2005 included royalties of $3.8 million and $6.8 million, respectively, related to the settlement of the patent infringement suit with Dainippon Screen Manufacturing Co. Ltd. (DNS).
Net income for the current quarter was $5.2 million, or $0.10 per diluted share, compared with $3.7 million, or $0.07 per share, for the previous quarter, and $6.8 million, or $0.13 per share, for the second quarter of 2005.
"In the second quarter, we delivered a 28 percent bookings increase, while investing in our business to position the company for future growth," said David L. Dutton, chief executive officer of Mattson Technology, in a statement.
New order bookings in the third quarter of 2006 are expected to range between $72 million and $79 million. Third quarter 2006 revenues are expected to range between $65 million and $69 million.
MEMC Electronic Materials Inc. (St. Peters, Mo.) announced record second quarter 2006 net sales of $370.5 million. This compares to sales of $341.5 million in the previous period and $272.3 million a year ago.
Net income for the second quarter, including $3.8 million in stock compensation expense, was $81.9 million and diluted EPS was $0.36. This compares to $67.3 million, or $0.29 a share, in the previous quarter, and $40.5 million, or $0.18, a year ago.
"Based on the indications from our semiconductor customers, our increasing exposure to the robust solar market, and the constrained polysilicon dynamics, we are targeting third quarter 2006 sales to increase by approximately 5% over the strong second quarter of 2006," said Nabeel Gareeb, MEMC's chief executive, in a statement.
Semitool Inc. (Kalispell, Mont.) , a manufacturer of wafer processing equipment for the semiconductor industry, said revenue increased 25 percent to $59.1 million versus revenue of $47.4 million in the third quarter last year.
Net income advanced 60 percent to $2.4 million, or $0.07 per share, versus net income of $1.5 million, or $0.05 per share, in the third quarter last year.
Total third quarter equipment bookings were a record $77.3 million, up 90 percent versus the same period a year ago, and an improvement of 52 percent compared with bookings in the most recent quarter.
Management anticipates fourth quarter 2006 revenue will be in the range of $60 million to $64 million, which would result in full-year revenue of between $238 million and $242 million. Fourth quarter diluted earnings per share are expected to range from $0.07 to $0.10, resulting in full-year diluted earnings per share of between $0.26 and $0.29.
Taiwanese chip-packaging giant Siliconware Precision Industries Co. Ltd. announced that its sales revenues for 2Q 2006 was NT$13,640 million ($420.7 million), representing 1.5 percent sequential growth QoQ and 50.9 percent growth compared to the same period of year 2005.
SPIL reported a net income of NT$3,492 million ($107.7 million) in 2Q 2006, up 170 percent year-over-year.
Semiconductor assembly and test services provider STATS ChipPAC posted second quarter 2006 sales of $418.1 million, compared to $264.3 million in the year-ago quarter. GAAP net income was $18.0 million or 9 cents per share, compared with a net loss of $15.1 million, or 8 cents per share in the same quarter a year ago.
GAAP results include $16.0 million in special items and costs associated with the merger of STATS and ChipPAC, as well as $2.8 million in share-based compensation expenses as required under SFAS 123.
Michael Potter, chief financial officer of STATS ChipPAC, said in a statement, "Margins improved compared to the year ago period and the prior quarter as we benefited from operating leverage led by our continued emphasis on strict cost controls. We are also taking additional cost reduction actions, including an approximate 460 employee workforce reduction in the third quarter of 2006. This is part of our strategy of ensuring that we have the appropriate resources at each of our sites to support the company's long term opportunities, while improving sustainable margins."
STATS ChipPAC expects third-quarter sales to decline 2 to 7 percent from the second quarter. GAAP net income is pegged at $13.0 million to $24.0 million, or 6 to 11 cents per share.
Therma-Wave Inc. (Fremont, Calif.), a supplier of metrology equipment, said revenues for the fiscal first quarter 2007 were $17.9 million, up $1.9 million or 12 percent sequentially from $16.1 million recorded in the fiscal fourth quarter 2006. Net revenues increased $0.4 million, or 2 percent, from the $17.5 million reported for the fiscal first quarter of 2006.
Net loss available to common stockholders for the fiscal first quarter 2007 was $1.1 million, or minus $0.03 per basic and diluted share, including approximately $0.3 million in stock-based compensation costs related to the company's adoption of Statements of Financial Accounting Standards (SFAS) No. 123R during the fiscal first quarter of 2007.
Sequentially, net loss available to common stockholders declined by $2.5 million compared to a net loss available to common stockholders of $3.6 million, or minus $0.10 per diluted share, in the fiscal fourth quarter of 2006.
In the year ago period, the company reported net income available to common stockholders of $2.4 million, or $0.07 per diluted share.
Guidance for the fiscal second quarter of 2007 ending October 1, 2006 is as follows: Revenue is expected to be within the range of $17.0 million to $19.0 million. Diluted net loss per share is expected to be within the range of minus $0.03 to $0.05, including the impact of stock-based compensation expense estimated at $0.01 to $0.02 per diluted share.