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Edmond
Applied's PR machine can't find anything else to blame. Interesting that LAM's ...
dylan.mcgrath
More blame on macroeconomic doom and gloom, but at least Applied expects sales ...
Applied sees semi equipment orders bottoming by October
Dylan McGrath
8/16/2012 1:15 PM EDT
Fiscal Q3 sales in line
Applied (Santa Clara, Calif.) reported sales of $2.34 billion for the quarter ended July 29, down 6 percent from the previous quarter and down 13 percent from the year-ago quarter. The company reported a net income in accordance with generally accepted accounting principles (GAAP) of $218 million, or 17 cents per diluted share, down 25 percent from the previous quarter and down 54 percent from the year-ago quarter.
On a non-GAAP basis, excluding charges, Applied reported a net income of $300 million, or 24 cents per share, down 14 percent from the previous quarter and down 36 percent from the year-ago quarter.
For the current quarter, which closes in October, Applied said it expects sales to decline to between $1.4 billion and $1.76 billion.
"We are seeing strong seasonal effect in our wafer fab equipment business, along with macroeconomic uncertainties that are leading our customers to reduce spending until they see signs of stronger consumer demand over the next few months," Splinter said.
Applied reported orders of $1.17 billion for its Silicon Systems Group (SGS), down 41 percent sequentially, primarily due to lower demand from foundry and logic customers. Foundries accounted for 58 percent of its fiscal third quarter orders, while flash memory made up 19 percent, DRAM accounted for 10 percent and logic and other chip makers accounted for 13 percent, Applied said.
The company reported SGS sales of $1.55 billion in the fiscal third quarter, down 13 percent from the fiscal third quarter.
Applied said it continues to expect that total the total market for semiconductor equipment sales for the year will be between $30 billion and $33 billion.
Applied (Santa Clara, Calif.) reported sales of $2.34 billion for the quarter ended July 29, down 6 percent from the previous quarter and down 13 percent from the year-ago quarter. The company reported a net income in accordance with generally accepted accounting principles (GAAP) of $218 million, or 17 cents per diluted share, down 25 percent from the previous quarter and down 54 percent from the year-ago quarter.
On a non-GAAP basis, excluding charges, Applied reported a net income of $300 million, or 24 cents per share, down 14 percent from the previous quarter and down 36 percent from the year-ago quarter.
For the current quarter, which closes in October, Applied said it expects sales to decline to between $1.4 billion and $1.76 billion.
"We are seeing strong seasonal effect in our wafer fab equipment business, along with macroeconomic uncertainties that are leading our customers to reduce spending until they see signs of stronger consumer demand over the next few months," Splinter said.
Applied reported orders of $1.17 billion for its Silicon Systems Group (SGS), down 41 percent sequentially, primarily due to lower demand from foundry and logic customers. Foundries accounted for 58 percent of its fiscal third quarter orders, while flash memory made up 19 percent, DRAM accounted for 10 percent and logic and other chip makers accounted for 13 percent, Applied said.
The company reported SGS sales of $1.55 billion in the fiscal third quarter, down 13 percent from the fiscal third quarter.
Applied said it continues to expect that total the total market for semiconductor equipment sales for the year will be between $30 billion and $33 billion.
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dylan.mcgrath
8/16/2012 9:26 PM EDT
More blame on macroeconomic doom and gloom, but at least Applied expects sales to improve after this quarter. Interesting that foundry vendors--who earlier this year were keeping Applied and other tool makers on target--are blamed for slowing down orders. But CEO Mike Splinter said he expects foundries to led the way back by improving orders by the end of the calendar year.
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Edmond
8/20/2012 4:20 PM EDT
Applied's PR machine can't find anything else to blame. Interesting that LAM's forecast lacks the doom & gloom. Could the difference be in technology or their sales teams ?
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