SANTA CLARA, Calif.– Applied Materials, Inc. (Nasdaq:AMAT) reported results for its first
fiscal quarter ended January 28, 2007. Net sales were $2.28 billion, up
23 percent from $1.86 billion for the first quarter of fiscal 2006, and
down 10 percent from $2.52 billion for the fourth quarter of fiscal
2006. Gross margin for the first quarter of fiscal 2007 was 46.7
percent, up from 45.1 percent for the first quarter of fiscal 2006, and
down from 47.1 percent for the fourth quarter of fiscal 2006. Net income
for the first quarter of fiscal 2007 was $403 million, or $0.29 per
share, up from net income of $143 million, or $0.09 per share, for the
first quarter of fiscal 2006, and down from net income of $449 million,
or $0.30 per share, for the fourth quarter of fiscal 2006.

New orders of $2.54 billion for the first quarter of fiscal 2007
increased 24 percent from $2.04 billion for the first quarter of
fiscal 2006, and decreased 6 percent from $2.69 billion for the fourth
quarter of fiscal 2006. The decline in orders for the first quarter
reflected a significant decrease in Display orders as customers delayed
their capacity expansion plans. This decline was partially offset by
record Fab Solutions orders and increased Silicon orders. Regional
distribution of new orders for the first quarter of fiscal 2007 was:
Taiwan 24 percent, North America 22 percent, Korea 19 percent, Europe 13
percent, Japan 12 percent, and Southeast Asia and China 10 percent.
Backlog at the end of the first quarter of fiscal 2007 was $3.55
billion, compared to $3.40 billion at the end of the fourth quarter of
fiscal 2006.

“We executed effectively and met our
operational objectives for the quarter,” said
Mike Splinter, president and CEO. “Rapid
customer acceptance of our new leading-edge platforms for chemical vapor
deposition and metal etch, as well as strong demand for Applied’s
service products, set the stage for future growth.”

Results by reportable segment for the first quarter of fiscal 2007 were:

(In millions)		New Orders		Net Sales		Operating Income (loss)
Silicon	$	1,755	$	1,490	$	520
Fab Solutions	$	686	$	525	$	146
Display	$	67	$	230	$	64
Adjacent Technologies	$	31	$	32	$	(15)

Full PR at http://www.appliedmaterials.com/news/pr2007.html?menuID=6

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Filed Under: Semiconductor

 

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