Applied Materials, Inc. reported results for its third quarter of fiscal 2014 ended July 27, 2014. Applied generated orders of $2.48 billion, down 6% sequentially and up 24% year over year. Net sales were $2.27 billion, down 4% sequentially and up 15% year over year. Non-GAAP adjusted gross margin of 45.5% increased 130 basis points sequentially and grew 260 basis points year over year. Non-GAAP adjusted operating income of $477 million declined slightly from the prior quarter and grew 53% ye...