Applied Materials Inc (NASDAQ:AMAT) Q1 2016 Earnings Conference Call - Preliminary Transcript
Feb 18, 2016 • 04:30 pm ET
Welcome to this Applied materials earnings conference call. During the presentation, all participants will be in a listen only mode. Afterwards, you'll be invited to participate in a question and answer session. As a reminder, this conference is being recorded. I now like to turn the conference over to Michael Sullivan, Vice President of investor relations. Please go ahead, sir.
Thank you. In a moment, we'll discuss the results for our first quarter, which ended on January 31. Joining me are Gary Dickerson, our president and CEO and Bob Halliday[Phonetic], our chief financial officer. Before we begin, let me remind you that today's call contains forward looking statements, including applies current view of its industries performance products share positions, profitability and business outlook.
These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements and are not guarantees of future performance information concerning these risks and uncertainties is contained and applies most recent form 10 K and 8 K filings With the SEC.
All forward looking statements are based on management's estimates, projections and assumptions as of February 18 2016, and applied assumes no obligation to update them. Today's call also includes non GAAP adjusted financial measures. reconciliations to GAAP measures are contained in today's earnings press release, and in our reconciliation slides which are available on the investors page of our website at appliedmaterials.com.Now, I'd like to turn the call over to Gary Dickerson.
Gary E. Dickerson
Thanks, Mike. And good afternoon, everyone. I'll start by commenting on Applied Materials results and talk about our outlook and longer term strategic goals. Then I'll share our views on the market and what this means for us in 2016. I'll conclude with my thoughts on each of our major businesses.
After that, Bob will provide additional details about our results and describe how we're optimizing The company's performance and delivering strong shareholder returns. In both semiconductor and display, we see dramatic technology changes taking place. When we look at the advances our customers are making materials innovation is at the heart of these changes.
I believe this creates great opportunities for us. We have the broadest and deepest talent and technology to enable the materials innovation that will drive the semiconductor and display industries forward. Our strategy is to develop highly differentiated materials engineering products and services that make major technology and flexions possible.
Our strategy is working and I'm pleased with our progress. We are turning the investment We've made a new products into profitable growth. By look at our Q1 results, and our outlook for 2016. There are four main drivers of our performance. First, our leadership businesses, including epi, PVD, implant CMP and RTP have high market share and unique capabilities. I see these businesses delivering critical enabling technology that our customers need to drive significant innovations in transistor and interconnect for 10 nanometre devices. Second, our high growth businesses edge and CVD are winning substantial market share, as