Applied Materials had Q2 revenue up 12% y-o-y at $3.96 billion with a gross margin of 44.2% and operating income of $932 million.

“As we navigate the challenges created by COVID-19, we have rallied the company around safety, productivity and keeping our customers and the industry moving forward,” says CEO Gary Dickerson, “while the situation remains fluid, based on the visibility we have today, our supply chain is recovering, and underlying demand for our semiconductor equipment and services remains robust.”