Friday, November 18, 2016

Applied Materials reports strong revenue in Selective Etch and Olympa ALD (>USD 230M)

Applied Materials Inc, the world’s largest supplier of tools used to make semiconductors, reported lower-than-expected quarterly revenue, largely due to slowing smartphone sales. However, it seems that they had recent success in selective etch and Olympia ALD sales.

Applied Materials' CEO Gary Dickerson reported the following on Q4 2016 Results: "Our leadership businesses are in a really great position to grow. In 2016, we converted well over 90% of our development positions to volume production wins. We’re also making significant market share gains in Etch and CVD. Fiscal 2016 was our third consecutive year of growth in CVD and fourth consecutive year of growth in Etch where revenues reached a 9-year high. Overall our combined Etch and CVD revenues exceeded $2.7 billion for the year. I’m very excited by our product pipeline line in Etch and ALD. We’re seeing rapid adoption of our innovative new solutions, including selective Etch and Olympia ALD that together generated more than $230 million of revenue this year."

Source: Applied Materials' (AMAT) CEO Gary Dickerson on Q4 2016 Results - Earnings Call Transcript by Seeking Alpha.

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