good Claire, afternoon Thank you, everyone. and
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of that the guidance our the does XD fourth-quarter impact closed, include Given the acquisition. that not not has transaction
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growth. that Second, increases support targeted we in expenditures of in capital
opportunistic to fourth, this Third, we’ve later be the stock acquisitions, and made are quarter. very we XD repurchases. And closing Transaction excited
we exactly certainly the developed with markets Turning way some year key shifts various customers. now and way among to business This expected, the the current between environment. our in has almost along
September, equates which some from full-year upper modest at entire growth most We is quarter forecast, our Business XX% likely half down revenue of means excess QX. be was of consistent prior occur and end that slightly second pull-ins of the our from expectations business year-over-year. QX the to the for third XXXX of while in have with our will in
towards ramp reflecting XX/XX capacity year, expected, and DRAM year. the began both and NAND memory this front about technology is that half strong in earlier percentage-wise, business As investments weighted our the in of the
For both NAND and in share our memory our DRAM. growth and last strong then, further our of to the revenues reported XXXX. push-outs gains pushed full-year, market is and Since earnings on these also expansions We indicative on have been call. capacity DRAM
with an DRAM NAND latest offset In this half is spending Nanometrics, push-out total, outlook earnings by of by our our our the in increase last two plan was memory For customers. call. consistent second
rebound year, weighted half. small also is quarter expected, IDM, first a quarter second we all sales last the foundry, half third and in significantly and devices for for of forecast in in a Our saw sharp consistent as a from the other base
at the outpacing a Looking growth is will business, the seeing memory XXXX well growth clearly which record year in for year, our full be spending. memory
down spending and the shift a to very year. to markets bit device is primarily sales a foundry, Our foundry XXXX, the due Korea-based IDM, from strong this other towards of memory
see current As XXXX shifting. stronger the we With in to and other of XXXX. visibility, next beginning year, we look dynamic the of foundry, than second are these devices our first logic, of the half we into be expecting half
customers expected we of would XXXX. least. in second now half current half somewhat the adding environment. of be capacity our most change same early compared to time, for the lower expect for due reason said, revenues has The previous call, been for to the environment prior, second see stronger fewer the in half similar Whereas is same XXXX in reduced a quarters, had now sales we XXXX, that dynamic to this see be expect half the the volatility downside the to being forecast We also stronger for and outlook We we spending upside first NAND spending will memory our compared capital NAND. half At primary first investment years first period, This on and than the the of comparable DRAM to year. more has total been be spending to say XXXX. there recent semiconductor
early for half. our to half semiconductor half second it’s of outlook could but to are in with current too over each the and six number of the first the top positions as XXXX, PCs, with Given increase stronger the moving how spenders much an the provide industry, place second the in visibility sheer our PCs
most this we than are So, capital in spending, feeling downtick near-term during better in the industry. industry
be of and levels XX% second to The XXXX run rate XXXX are this looking around of down from in half half of the year. first half the witnessed the record first
outlined acquisition earlier, outlook overall strategic the today, uniquely metrology XD this relates outperform Technology. dimension to and industry our before to of by strategies the in enabled We of course, through all Of bolstered control business remain where process is position the Nanometrics critical optical positioned M&A.
same have our outperformed five wafer process last and over to and the the for equipment the objective next is years. control fab five do We again annually markets the years,
this dimension in business. A year a record for critical platforms. So, automated expect returned as year A for thin solutions. XXXX, a year year levels And record we A record analytics film for our for record year products to our as record to recap and sales. both A which record materials our for we well. characterization metrology we for service optical business. and year integrated be software
summarize will positive indicators of some Finally, with and beyond. for I XXXX the the call
push-outs still referenced earlier event. DRAM become expected XXXX are the First, to revenue
expect be a from may pauses spending the along there will we memory way, while positive continue. Second, environment
go XD see products the we Fifth, And our customers that share in us business. devices. businesses. project of Third, are level growing and additional opportunities further we and technology. below expect spend timing XX XXXX, of current due opportunities have addition about will to Technology, ahead of with incremental our new IDM our Fourth, and to a the and year-over-year products the nanometer market their new for software pipeline we’re of growth revenues we gains foundry additional and and excited of service and on in growth finally,
in in spending we our and overall regardless industry. for equipment objective XXXX, fluctuations to the of remain wafer So, outperform forecast steadfast fab
to these profitability complement with value drivers committed to revenue towards firmly revenue future shareholder growth expect cash drive with creating and expanding margins our We and and we continued strong operational growth targets. as strong execution flows, we’re
fourth guidance our quarter. for the to Turning
call. the conference Our is with second entire outlook last for half our consistent
our million the to QX into referenced for operating gross guidance margin plus earlier, $XX or approximately revenues QX our With minus expenses amounts modest million, pull-ins X%; of approximately XX.X%, of of the is to now $XX Greg? $XX of results call financial over turn to more million, share $X.X detail. million; earnings I'll to plus Greg or and discuss per of in and minus $X.XX $X.XX. guidance
