Applied Materials, Inc. reported results for its third quarter ended July 26, 2020. Applied generated revenue of $4.4 billion. On a GAAP basis, the company recorded gross margin of 44.5%, operating income of $1.11 billion or 25.2% of net sales, and earnings per share (EPS) of $0.91. On a non-GAAP adjusted basis, the company reported gross margin of 45%, operating income of $1.16 billion or 26.4% of net sales, and EPS of $1.06. “Thanks to the hard work and agility of our employees and supplier...