Intevac. (IVAC) Tops Q2 EPS by 1c

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Go back to Intevac. (IVAC) Tops Q2 EPS by 1c

Intevac Announces Second Quarter 2021 Financial Results

August 2, 2021 4:05 PM EDT

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intevac, Inc. (Nasdaq: IVAC) today reported financial results for the quarter and six months ended July 3, 2021.

We are pleased to report revenues above forecast for the second quarter, chiefly as a result of the acceleration of technology upgrades by our hard disk drive (HDD) customers, commented Wendell Blonigan, president and chief executive officer. We announced a record HDD upgrade order in June, which also drove the majority of the $15 million increase in backlog in our Thin-film Equipment (TFE) business in the quarter. In our Photonics business, we... More