secwatch.observer — SEC 8-K summary
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Issuer:     LAM RESEARCH CORP (LRCX)
CIK:        0000707549
Form:       8-K
Filed at:   2022-04-20T23:59:59+00:00
Accession:  0000707549-22-000063
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lam Research March quarter rev $4.06B, GAAP EPS $7.30, down QoQ; guides June Q rev ~$4.2B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/707549/000070754922000063/0000707549-22-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/707549/000070754922000063/lrcx-20220420.htm
  HTML page:      https://secwatch.observer/filing/0000707549-22-000063

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