Applied Materials, the global leader in materials engineering solutions, achieved record-breaking results in the third quarter of fiscal year 2021 amid surging semiconductor demand.

Applied Materials recently announced its fiscal year 2021 third quarter results for the period ended August 1.

Global revenue for fiscal year 2021 third quarter was $6.196 billion under U.S. GAAP accounting standards, with a gross margin of 47.9%.

Operating income and operating margin were $2.01 billion and 32.5%, respectively, while earnings per share (EPS) came in at $1.87.

On a non-GAAP basis, the company recorded gross margin of 48%, operating income of $2.03 billion, operating margin of 32.7%, and EPS of $1.90.

Applied Materials generated $1.69 billion in cash from operating activities and returned a total of $1.72 billion to shareholders, including $1.5 billion in share repurchases and $219 million in dividends.

Gary Dickerson, Chairman and CEO of Applied Materials, stated, "As semiconductor demand surges driven by the digital transformation of the global economy, Applied Materials achieved record-breaking results in the fiscal third quarter." He added, "Despite the fluid environment, Applied's supply chain is recovering, and underlying demand for semiconductor equipment and services remains strong."

Detailed information regarding Applied Materials' results can be found on the Applied Materials website.