Applied Materials set a revenue record on 25 percent growth, and China is the only one of its seven regions where the money went down

Applied Materials had a record quarter.

Revenue for the three months to 26 July was $9,115m, up 25 percent from $7,302m a year earlier, according to the earnings release the company filed as an exhibit to a Form 8-K at 16:03 Eastern on Thursday. Diluted earnings per share were $3.17 on a GAAP basis, against $2.22. Net income rose 43 percent, to $2,538m.

The company guides the fourth quarter to $10,250m of revenue, plus or minus $500m, and to non-GAAP diluted earnings per share of $4.02, plus or minus $0.20.

The geography table

Seven regions are listed. Six of them are larger than they were a year ago and one is smaller.

China fell to $2,506m from $2,548m, a decline of $42m in a quarter when the company as a whole added $1,813m. Because everything else grew, China's share of revenue dropped from 35 percent to 28 percent. It is still the largest single line in the table.

United States revenue doubled, to $1,367m from $683m, and its share went from 9 percent to 15 percent. Europe tripled, to $483m from $160m. Korea rose to $1,521m from $1,160m, and Taiwan, the second largest line, rose to $2,025m from $1,843m while falling from 25 percent of the total to 22 percent.

The release does not say why the China figure moved, and the seven lines sum exactly to the reported total in both periods.

The segment nobody quotes

Semiconductor Systems, which is most of the company, reported revenue of $7,040m against $5,564m and an operating margin of 37.7 percent against 33.0 percent. DRAM rose to 26 percent of that segment's revenue from 22 percent, and flash memory fell to 7 percent from 9 percent.

The residual category, which the filing calls Other and which now carries the Display business, is the one line moving the other way. Its revenue was $294m against $275m. Its cost of products sold and expenses was $412m against $279m. So the operating loss went from $4m to $118m on revenue that barely moved.