10 Highlights From Applied Materials Conference Call

Shares of

were trading higher by more than 13 percent Friday morning following the company's better than expected second quarter results and a strong outlook for the third quarter. Here is a look at some of the most notable quotes from the company's

hosted by its CEO Gary Dickerson and CFO Robert Halliday. 1. Revenue in China reached an all time high. 2. During the quarter, the company booked nearly $1 billion of NAND orders, also a record high. 3. Looking forward, the company believes it faces "greater opportunities" and a "stronger pipeline" of products than at any point in history. 4. The company made "solid" share gains in wafer fab equipment during 2015 despite an unfavorable spending mix. In addition, stronger share gains are expected in 2016. 5. Display, NAND and China is expected to grow by more than previously expected through 2018 and beyond. 6. Looking forward the company plans on setting new records in financial metrics, including earnings per share. 7. China is "probably our strongest region" and the "momentum just keeps building" in the company. In fact, revenue in the country has doubled over the past 2 years. 8. Overtime the company expects gross and operating margins in display to trend higher. 9. During the quarter, the company used $900 million to repurchase over 45 million shares and paid $113 million in dividends. In fact, 95 percent of the Board's $3 billion authorization in share buyback has been completed. 10. "While overall economic and semiconducting industry conditions are relatively flat this year, Applied Materials is uniquely well positioned."