MILPITAS, Calif.--Metrology supplier Nanometrics Inc. today cut its revenue estimate for the fourth quarter to show a 25% sequential drop in sales from $10.1 million in Q3. Nanometrics had previously said it expected sequentially flat revenues in the fourth quarter.
The Milpitas company blamed the chip industry's oversupply in wafer-processing capacity and weak economies in Japan and the United States for the revenue shortfall.
"The current demand for all semiconductor equipment continues to show significant weakness, which has been reflected in all companies in our industry," said John D. Heaton, president and chief executive officer of Nanometrics. "While we remain optimistic about our products and technology, our customers are still trying to sort out the overcapacity and reduced demand for semiconductors."
The supplier of integrated and standalone thin-film metrology systems had a net loss of $450,000 in the third quarter. No guidance was given