Revenue for the June quarter was $167 million, and EPS came in at $0.12 on a GAAP basis and $0.16 on a non-GAAP basis. We achieved achieve the gross margin of 36%, in line with our guidance and well above the performance of most of our industry peers. Our backlog, which largely underpins our revenue forecast, remain solid at $1.6 billion, and our assessment of risk is unchanged from what we described a quarter ago. We remain on track to achieve our top and bottom line guidance for calendar year '12, and continue to target growth in calendar year '13 as well.In our sapphire business, as expected, ASF shipments moderated as our customers focused on commissioning their factories, training their teams and getting the material qualified. To some of these buildouts continued at a good pace, and it is our expectation that ASF shipments will start to build again later this quarter, and become very significant by year end as our customers resume their ramp into high-volume production.
GT Advanced Technologies Management Discusses Q2 2012 Results - Earnings Call Transcript
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