Applied Materials, Inc. reported results for its first quarter ended Jan. 28, 2024. Applied generated revenue of $6.71 billion. On a GAAP basis, the company reported gross margin of 47.8%, operating income of $1.97 billion or 29.3% of net revenue, and earnings per share (EPS) of $2.41. On a non-GAAP basis, the company reported gross margin of 47.9%, operating income of $1.98 billion or 29.5% of net revenue, and EPS of $2.13. The company generated $2.33 billion in cash from operations and d...