“Our record results reflect customers’ investments in expanded capacity to meet increasing semiconductor demand and in advanced technologies to provide more powerful, portable and affordable semiconductors,” said James Morgan, chairman and chief executive officer in a statement.
In the year-ago period, including one-time items, Applied had net income of $238.3 million, or 29 cents a share. There were special adjustments for its flat-panel business and its acquisition of E-Tek during that quarter.
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The Associated Press and Reuters contributed to this report.