Business Context and Reporting Period
Company: Applied Materials, Inc.
Filing Type: Form 8-K (Current Report)
Report Date: February 13, 1996
Reporting Period: First quarter of fiscal year 1996, ended January 28, 1996.
This filing announces the results of operations for the quarter and incorporates the financial statements from the press release issued on the same date as Exhibit 99.1.
Key Financial Metrics
The filing text references the issuance of financial statements but does not contain the specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These figures are located in the attached Exhibit 99.1 (Financial Statements attached to Press Release), which is not included in the provided text.
Material Changes
The filing does not provide specific comparative data or material changes versus the prior period within the text body. It serves primarily as a notification that the quarterly results have been released.
Guidance, Outlook, and Risks
Management included a standard disclaimer regarding "forward-looking statements," noting that actual results may differ materially from projections due to specific risks:
- Growth in Semiconductor Demand: Slowing economic growth or productivity could reduce demand for semiconductor fabrication equipment.
- Competitive Challenges: Competitors developing more cost-effective or technically superior products could slow demand for the Company's equipment.
- Human Resources: Rapid growth in semiconductor demand may create difficulties in hiring and assimilating qualified technical personnel, potentially slowing productivity gains.
Investor Verification Checklist
- Verify the specific revenue and net income figures for the quarter ended January 28, 1996, by reviewing Exhibit 99.1 (the attached press release financial statements).
- Confirm year-over-year growth rates and margin trends not detailed in this summary text.
- Assess the current semiconductor market demand environment relative to the risks cited by management.
- Review the full text of the press release for any specific guidance or outlook statements omitted from this 8-K summary.