Silicon Valley Group Inc, the San Jose-based semiconductor equipment manufacturer, has warned that second-quarter revenue will come in roughly 30% below the $85.5m reported in the first quarter. No guidance on the bottom line was given, but analysts surveyed by First Call had been expecting a loss of $0.33 per share for the quarter.
The troubled company, which last year cut about 1,200 staff, or one-third of its worldwide total, said the shortfall is primarily attributable to lower than expected sales of its lithography products caused by the timing of customer requirements and a minor production delay of its latest laser-based lithography product. SVG says it has seen strong demand for the delayed product, however, and believes that revenue in the third and fourth quarters could be significantly higher than that of the first half of the fiscal year. Actual results for the quarter will be released on April 21.
