Flexible Electronics News

Applied Materials Announces 3Q 2015 Results

Q3 orders of $2.89 billion up 17% year over year, with record Silicon Systems orders.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Applied Materials, Inc. reported results for its third quarter ended July 26, 2015. Third quarter orders were $2.89 billion, up 15% sequentially and up 17% year over year. Net sales were $2.49 billion, up 2% sequentially and up 10% year over year.   The company recorded GAAP gross margin of 40.9%, operating margin of 15.9%, and net income of $329 million or $0.27 per diluted share. The GAAP results included the effect of cost reduction actions in the solar business consisting of $34 million of...

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