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Applied Materials, Inc.

5/23/2013, 8:23 AM ET

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Thursday, May 16, 5:17 PM More on Applied Materials: FQ3 revenue guidance is for sales to be "up slightly" Q/Q, worse than a consensus for 8% Q/Q growth. EPS is expected to be in a range of $0.16-$0.20 vs. a $0.19 consensus. Backlog +9% Q/Q in FQ2 to $2.3B. EPS was boosted by a 340 bps Q/Q increase in gross margin to 43.2%, as well as $100M in buybacks. Total orders +7% Q/Q but -19% Y/Y to $2.27B. Chip equipment orders +14% Q/Q and -22% Y/Y. Services -12% and -26%. Display +41% and +140%. Solar -43% and -38%. AMAT -0.8% AH. (PR) Comment! [Tech, Earnings]
Thursday, May 16, 4:03 PM Applied Materials (AMAT): FQ2 EPS of $0.16 beats by $0.03. Revenue of $1.97B beats by $0.06B. Comment! [Earnings, Breaking News, Tech]
Thursday, May 16, 12:10 AM Notable earnings after Thursday’s close: ADSK, AMAT, ARUN, BRCD, DELL, JCP, JWN, SINA, VNET Comment! [Earnings]
Wednesday, May 15, 5:35 PM Notable earnings after Thursday’s close: ADSK, AMAT, ARUN, BRCD, DELL, JCP, JWN, SINA, VNET Comment! [Earnings]
Tuesday, May 14, 9:38 AM An upgrade to Outperform from Pac Crest helps Applied Materials (AMAT +1.2%) tick higher ahead of Thursday's FQ2 report, and close in on its 52-week high of $15.18. Jim Cramer, meanwhile, thinks AMAT could unlock shareholder value by splitting its (relatively healthy) chip equipment and (struggling) LCD/solar equipment units into separate companies. Comment! [Tech, Quick Ideas]
Thursday, April 25, 11:57 AM Lam Research (LRCX +6.2%) makes new 52-week highs after beating FQ3 estimates, issuing strong guidance, and announcing a $250M buyback plan (good for buying 3.4% of shares at current levels). On its earnings call, Lam guided for FQ4 revenue of $945M-$1.005B and EPS of of $0.63-$0.77, above a consensus of $914.1M and $0.61. Foundry clients (such as big-spending TSMC) made up 56% of shipments, up from 51% in FQ2, and memory makers 31%, up from 20%. Chip equipment peers are up, taking heart in the numbers posted by Lam (and to a lesser extent) Mattson (MTSN +5.8% - earnings). AMAT +3.6%. KLAC +2.2%. ASML +2.5% (previous). CYMI +2%. RTEC +2.4%. UTEK +1.4%. Comment! [Tech, Earnings, On the Move]
Tuesday, April 16, 5:19 PM Chip equipment stocks slip a little in AH trading after Intel lowers its 2013 capex budget range by $1B to $11.5B-$12.5B. AMAT -1.2% AH. KLAC -0.8%. LRCX -0.7%. (previous) Comment! [Tech, On the Move]
Thursday, March 28, 8:40 PM Just 3 chip manufacturers - Intel (INTC), Samsung (SSNLF.PK), and TSMC (TSM) - will account for 57% of 2013 chip industry capex, estimates IC insights. That figure, up from 2012's 54%, drives home the extent chip equipment maker fortunes now hinge on the spending plans of a handful of firms, and also the big lead the industry giants have opened up in economies of scale relative to smaller rivals. IC Insights expects total industry capex to grow 2% this year to $59.8B, after falling 11% last year. 1 Comment [Tech]
Friday, March 15, 2:18 PM In spite of plunging sales and rumors the company plans to exit the business, Applied Materials (AMAT) remains "fully committed" to its solar manufacturing equipment ops, says division chief Charlie Gay. Thanks to massive industry overcapacity and the liquidity/solvency issues faced by many customers, Applied's solar division sales fell 79% in 2012 to $425M. Orders tumbled 88% to a mere $195M. 1 Comment [Tech]
Tuesday, February 26, 1:06 PM Goldman makes Applied Materials (AMAT +2.3%) a Conviction Buy on news of Bob Halliday's promotion to CFO. Halliday and (AMAT president/former Varian CEO) Gary Dickerson were crucial to more than doubling Varian's share of the implantation equipment market in the 7 years prior to its purchase by AMAT, Goldman observes. It thinks Halliday's track record "bodes well for Applied's ability to execute on a more streamlined cost structure," and to gain chip equipment share. Comment! [Tech, On the Move, Quick Ideas]
Tuesday, February 26, 9:13 AM Applied Materials (AMAT) +1.7% premarket after naming Bob Halliday, previously the CFO of acquisition target Varian, its new CFO. Halliday replaces George Davis, whom AMAT last month disclosed is leaving for Qualcomm. (PR) Comment! [Tech]
Friday, February 22, 2:03 PM Chip stocks are outperforming (SOXX +2%) in the wake of Marvell's FQ4 beat and solid guidance, and Texas Instruments' dividend/buyback hike. Also norteworthy: 1) SEMI estimates the book-to-bill for North American chip equipment makers rose to 1.14 in January; that's up from 0.92 in December, and the first reading above 1 since May '12. 2) Taiwanese analog chipmakers posted strong January sales thanks to demand from LED and smartphone clients; the results could be a positive leading indicator. Comment! [Tech, On the Move]
Wednesday, February 13, 5:16 PM Tech guidance roundup: 1) Applied Materials (AMAT - earnings) expects FQ2 sales to grow 15%-25% Q/Q to $1.8B-$1.96B, above a $1.79B consensus. The company expects EPS of $0.09-$0.15 vs.a $0.10 consensus. 2) Equinix (EQIX - earnings) expects Q1 revenue of $518M-$522M, below a $524.9M consensus. 2013 revenue is expected to exceed $2.2B; the consensus is at $2.22B. 3) Angie's List (ANGI - earnings) expects Q1 revenue of $51M-$52M, above a $49.4M consensus. AMAT +2.8% AH. EQIX +1.9%. ANGI +21.1% Comment! [Tech, Earnings, On the Move]
Wednesday, February 13, 4:07 PM Applied Materials (AMAT): FQ1 EPS of $0.06 beats by $0.03. Revenue of $1.57B beats by $0.03B. Shares -0.7% AH. (PR) Comment! [Earnings, Breaking News, Tech]
Wednesday, February 13, 12:10 AM Notable earnings after Wednesday’s close: AEM, AMAT, ANGI, CAR, CJES, CLD, CSCO, CTL, CXW, ENOC, EOG, EQIX, IO, IPI, ITRI, KGC, MDLZ, MET, NPSP, NTAP, NVDA, OII, PSE, PXD, ROVI, SKX, SMSI, TAL, TNGO, TRGT, TRIP, VCLK, WFM, WRE, WTW, Z Comment! [Earnings]
Tuesday, February 12, 5:35 PM Notable earnings after Wednesday’s close: AEM, AMAT, ANGI, CAR, CJES, CLD, CSCO, CTL, CXW, ENOC, EOG, EQIX, IO, IPI, ITRI, KGC, MDLZ, MET, NPSP, NTAP, NVDA, OII, PSE, PXD, ROVI, SKX, SMSI, TAL, TNGO, TRGT, TRIP, VCLK, WFM, WRE, WTW, Z 2 Comments [Earnings]

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