Weak solar demand fails to impact Applied Materials Q1 results


The Energy and Environment Solutions business, which supplies the solar industry, reported significantly reduced sales of $33 million, down 62 percent. The solar business segment, meanwhile, had a non-GAAP operating loss of $17 million.

Applied Materials' total gross margin from the quarter was 40.7 percent, up from 39.5 percent in the Q4 2011. After the company acquired the Varian business in the quarter, cash and equivalents decreased to $2.95 billion.

"Applied delivered net sales and earnings above the high end of our expectations," said George Davis, Chief Financial Officer. The company has forecast earnings to increase by five percent in the second quarter of the year.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.