Applied Materials, Inc. reported results for its second quarter ended May 1, 2016. Second quarter orders were $3.45 billion, up 52% sequentially and up 37% year over year. Backlog increased to $4.17 billion. Net sales of $2.45 billion were up 9% sequentially, flat year over year, and near the high end of guidance.   The company recorded gross margin of 41.0%, operating margin of 17.3%, and net income of $320 million or $0.29 per diluted share. On a non-GAAP adjusted basis, the company reported...