earnings
confidence high
sentiment negative
materiality 0.80
Lam Research March quarter rev $4.06B, GAAP EPS $7.30, down QoQ; guides June Q rev ~$4.2B
LAM RESEARCH CORP
2022-Q3 EPS reported
$24.02
revenue$12,591,485,000
- Revenue $4.06B, down 4% sequentially from $4.23B; GAAP diluted EPS $7.30 vs $8.44.
- Non-GAAP diluted EPS $7.40 vs $8.53; gross margin 44.7% (down 210 bps QoQ).
- Cash & investments $4.6B, down $1B; deferred revenue $2.07B, up from $1.46B.
- Guidance for June quarter: revenue $4.2B +/- $300M; non-GAAP EPS $7.25 +/- $0.75.
- CEO cites difficult supply environment; expects return to solid growth as constraints ease.