secwatch.observer — SEC 8-K summary
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Issuer:     LAM RESEARCH CORP (LRCX)
CIK:        0000707549
Form:       8-K
Filed at:   2022-01-26T23:59:59+00:00
Accession:  0000707549-22-000009
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lam Research Q2 FY22 revenue $4.23B (-2% QoQ), GAAP EPS $8.44, non-GAAP $8.53; guides Q3 revenue ~$4.25B
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- Revenue $4.23B, down 2% QoQ from $4.30B; GAAP net income $1,195M ($8.44/sh); non-GAAP net income $1,207M ($8.53/sh).
- Gross margin improved 90 bps QoQ to 46.8% GAAP; operating margin 31.7% GAAP, 32.0% non-GAAP.
- Cash flow from ops $1.4B; balance sheet cash $5.6B; returned $415M buybacks, $211M dividends.
- Guidance: Q3 FY22 revenue $4.25B +/- $300M, GAAP EPS $7.36 +/- $0.75, non-GAAP EPS $7.45.
- CEO notes record 2021, but supply chain worsened in late December causing near-term impact; expects WFE investments to grow in 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/707549/000070754922000009/0000707549-22-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/707549/000070754922000009/lrcx-20220126.htm
  HTML page:      https://secwatch.observer/filing/0000707549-22-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer