SAN JOSE, Calif. -- Business is improving in IC equipment--finally.
K&S, Lam, Mattson and Teradyne reported better results on Wednesday. ''There is more optimism'' in the IC-equipment industry right now, said VLSI Research CEO G. Dan Hutcheson.
On the front-end, Lam Research Corp. said revenue for the June period was $217.8 million, with a net loss of $88.5 million, or minus $0.70 per diluted share.
This compares to revenue of $174.4 million and net loss of $198.4 million, or minus $1.58 per diluted share, for the March 2009 quarter. Shipments for the June 2009 quarter were $246 million, compared to $159 million during the March 2009 quarter.
"Relative to the March quarter, business conditions improved in the June quarter, contributing to Lam's ability to show improved financial results for the quarter. Shipments and revenues increased as a result of customer investments to add wafer starts at the leading edge in both foundry and memory, as well as higher fab utilization contributing to improvement in the customer service business," said Steve Newberry, Lam's president and chief executive, in a statement.
Another vendor, Mattson Technology Inc., said sales for the second quarter were $8.1 million, compared to $5.6 million in the first quarter, and $41.8 million in the second quarter of 2008.
Net loss for the second quarter was $19.9 million, or $0.40 loss per share, compared with a net loss of $27.2 million, or $0.55 loss per share, for the first quarter and net loss of $6.8 million, or $0.14 loss per share, for the second quarter of 2008.
The company also announced incremental cost reduction initiatives. These additional cost reduction initiatives will include reductions-in-force, streamlining of the management structure and extended furloughs in certain regions.