Applied Materials, Inc. reported results for its first quarter ended Jan. 31, 2016.   First quarter orders were $2.28 billion, down 6% sequentially and flat year over year. Net sales were $2.26 billion, down 5% sequentially and down 4% year over year.   On a non-GAAP adjusted basis, the company reported first quarter gross margin of 42.4%, operating margin of 17.8%, and net income of $302 million or $0.26 per diluted share. The company recorded GAAP gross margin of 40.6%, operating margin of...