Boston, MA 08/18/2014 (wallstreetpr) – Applied Materials, Inc. (NASDAQ:AMAT) said that the company had made significant progress in its quest to achieve long-term financial model with the operating margins recording improvements for the seventh consecutive quarters in the June quarter.
CEO Comments
The company’s CEO, Gary Dickerson, disclosed that its recent quarter results demonstrated substantial progress in its objective of long-term financial model. It resulted in its operating margins witnessing improvements for the seven straight quarters thus enabling it to deliver earnings near the higher end of its outlook for the third quarter.
The CEO viewed that the semiconductor and display technologies were in the middle of the major changes in decades and the transitions in these technologies were enabled by innovations in materials. Therefore, the company had played a direct role in the unique capability of precision materials engineering.
Dickerson said during a conference call that its robust financial and operating results were ably supported by continuous investment in capacity apart from new technology by its customers. He added that the company was building momentum for profitable uptick, and for this it was concentrating its investment and strategy in areas where it had the biggest impact for its customers and also produce the maximum returns.
Outlook
Applied Materials, Inc. (NASDAQ:AMAT) said that the trends witnessed in mobility and connectivity continue to fuel growth opportunities significantly besides accelerating innovation in technology in display, as well as, semiconductor.
The company’s CEO indicated that its 28 and 20-nanometer nodes in the foundry segment had driven record performance for its transistor businesses. Obviously, buoyed by opportunities in Foundries, the company is focusing itself on FinFET next since it believes that this could offer a catalyst for fresh investments wave next year as customers are expected to increase their focus towards this technology.
Similarly, in Memory, Applied Materials, Inc. (NASDAQ:AMAT) expect NAND bit to grow approximately 40% this year and the overall investment levels were strong. The company expects tightening of supply in DRAM even as the DRAM shipments for the lower-power mobile are predicted to witness 60% uptick in the current year.
