Flexible Electronics News

Applied Materials Announces Record Results for 3Q 2016

Generates $3.66 billion in new orders and reports $4.95 billion in backlog, both all-time highs.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Applied Materials, Inc. reported results for its third quarter ended July 31, 2016.   New orders were $3.66 billion, up 6% sequentially and up 26% year over year. Backlog of $4.95 billion was up 19% sequentially and up 60% year over year. Net sales of $2.82 billion were up 15% sequentially and up 13% year over year.   The company recorded gross margin of 42.3%, operating margin of 21.1%, and net income of $505 million or $0.46 per diluted share. On a non-GAAP adjusted basis, the company repo...

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