Intevac. (IVAC) Tops Q3 EPS by 1c

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Go back to Intevac. (IVAC) Tops Q3 EPS by 1c

Intevac Announces Third Quarter 2020 Financial Results

October 26, 2020 4:05 PM EDT

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intevac, Inc. (Nasdaq: IVAC) today reported financial results for the quarter and nine months ended September 26, 2020.

Q3 revenues were aligned with our expectations, and with favorable product mix driving solid gross margins, our bottom-line results were better than forecast, commented Wendell Blonigan, president and chief executive officer. The team continued to execute extremely well in this challenging operating environment, delivering continued strength in the IVAS program as well as strong levels of technology upgrades for our hard disk drive (HDD) customers. While our inability to travel... More