Applied Materials, Inc.  reported results for its second quarter ended April 26, 2020. Applied generated revenue of $3.96 billion, up 12% year-over-year. On a GAAP basis, the company recorded gross margin of 44.2%, operating income of $932 million or 23.6% of net sales, and earnings per share (EPS) of $0.82. On a non-GAAP adjusted basis, the company reported gross margin of 44.6%, operating income of $976 million or 24.7% of net sales, and EPS of $0.89. The company returned $392 million to sh...