North Coast Solar Stocks

May 12, 2009

Applied Materials Sees Q3 Revs Flat To Down 15% Vs. Q2

Filed under: AMAT — Tags: , , , , — Jason @ 5:07 pm

Posted by Eric Savitz

Applied Materials (AMAT) CFO George Davis told investors on a conference call this afternoon following the release of Q2 earnings that the company sees revenues in the company’s fiscal third quarter ending July to be flat to down 15% sequentially from the second quarter level of $1.02 billion. The company sees a loss for the quarter of 6-14 cents a share.

* The company sees revenues in its Silicon Systems Group ranging from flat to up 40%, depending on the decisions made by just one or two companies, Applied said in the call.
* The Applied Global Services segment is expected to see revenues up 5% or more.
* The company sees revenue from the display segment down 50% sequentially.
* Revenues from the emergy and environmental solutions segment, which includes solar, is expected to be down at least 30%.

The company did not give specific order guidance, but did say that orders should be higher, due largely to the Silicon Systems and Applied Global Services groups.

The company also said it expects to exceed its $400 million cost-cutting goal by at least $60 million. Total headcount reduction by the end of the fiscal year is expected to be 2,300.

AMAT in late trading is down 32 cents, or 2.8%, to $11.16.


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