Applied Materials, Inc. reported results for its first quarter ended Jan. 30, 2022. Applied generated revenue of $6.27 billion. On a GAAP basis, the company achieved gross margin of 47.2%, operating income of $1.98 billion or 31.5% of net sales, and earnings per share (EPS) of $2.00. On a non-GAAP adjusted basis, the company reported gross margin of 47.3%, operating income of $1.99 billion or 31.7% of net sales, and EPS of $1.89. The company generated a record $2.66 billion in cash from o...