Applied Materials Mimics Outperformance of Peers with Superb 1Q and More to Come
Applied Materials reported stellar fiscal first-quarter results, while providing an even better outlook for next quarter, as the firm is enjoying broad-based strength. Consistent with its peers, Applied’s semiconductor unit benefited from continued 3D NAND investments as well as a resurgence in DRAM equipment purchases. We foresee wafer fabrication equipment, or WFE, spending up in the low-double digits for 2018, along with the expectation that Applied will gain market share (due to strength in ...Applied Materials provides manufacturing equipment, services and software to the semiconductor, display and related industries. The company's segments are: Semiconductor Systems, which develops, manufactures and sells a range of manufacturing equipment used to fabricate semiconductor chips; Applied Global Services, which provides integrated solutions to support equipment and fab performance and productivity; and Display and Adjacent Markets, which is comprised of products for manufacturing liquid crystal displays, organic light-emitting diodes and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices.
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