[ad_1]
Applied Materials announced on Thursday (14) that it will report the second quarter of fiscal 2020. Although the profit is not what was expected, it is encouraged by the news that TSMC will go to the US. USA To build a plant, and the market is expected to increase its semiconductor equipment. Demand, share prices rose 4% after hours
On Thursday (14), Applied Materials (AMAT-USA) rose 5.71% to close at US $ 54.43. After the release of the financial report, the share price increased further after the session, rising 4.63% to $ 56.95.
According to key data from the non-GAAP financial report:
- Revenue reported $ 3,957 billion, an annual increase of 12%, below market expectations of $ 4.15 billion
- Gross profit margin reported 44.6%
- Operating profit was US $ 976 million, representing 24.7% of net sales,
- Adjusted EPS was $ 0.89, an annual increase of 27%, which was below market expectations of $ 0.95
Based on GAAP key financial data:
- EPS reported $ 0.82, a 17% year-over-year increase, better than $ 0.70 in the same period last year
- The gross profit margin reported 44.2%
- Operating profit was $ 932 million, representing 23.6% of net sales.
- Net income was reported to be $ 755 million, which was better than the same period last year at $ 666 million
Company perspective:
Gary Dickerson, CEO of Yingcai, said that by addressing the challenges posed by COVIS-19, we have enhanced the company’s strength in terms of safety and productivity, and have kept our customers and the entire industry environment moving forward.
The CEO added: “Although the outlook remains unstable, based on our current visibility, it shows that the company’s supply chain is recovering and market demand for semiconductor equipment and services remains fundamentally strong.”
Yingcai returned $ 392 million to shareholders this quarter, including $ 199 million in the implementation of its own shares and $ 193 million in dividends.
Before the Covid-19 epidemic, Yingcai expects revenue to be $ 4.34 billion, based on non-GAAP earnings per share of 98 cents to $ 1; And after the outbreak, Yingcai warned of the company’s second-quarter earnings report. Not as good as Wall Street expected.
At the same time, “Reuters” and “The Wall Street Journal” cited sources Thursday that wafer foundry leader TSMC will announce plans to establish factories in the United States on Friday, and the expected location is in Arizona. The news of all four came up, the report noted that TSMC’s new plant in the United States is expected to produce parts by the end of 2023.
Among other major semiconductor equipment stocks, Lam Research (LRCX-US) rose 8.4% to $ 269; and KLA (KLAC-US) rose 7.7% to $ 176.75. TSMC (2330-TW) (TSM-US) rose 2.3% to $ 52.10.
Yingcai is the largest manufacturer of equipment machinery used in semiconductor production. Customers include large manufacturers such as Samsung, Intel, and TSMC. Therefore, the company’s financial forecasts are often considered important indicators for forecasting future demand from the electronics industry.
Last year, the share price of applied materials increased 30.7%; Compared to the same period, the S&P 500 Index fell 0.8%.
This quarter, the material was unusual and did not provide any financial perspective.
[ad_2]
