earnings
confidence high
sentiment positive
materiality 0.75
Lam Research reports Q1 FY2023 revenue $5.07B, GAAP EPS $10.39, record quarter
LAM RESEARCH CORP
2023-Q1 EPS reported
$10.39
revenue$5,074,121,000
- Revenue of $5.07B, up 9.5% QoQ; GAAP diluted EPS $10.39 vs $8.74 prior quarter.
- Non-GAAP diluted EPS $10.42, gross margin 46.0%, operating margin 33.3%.
- Record revenue driven by easing supply chain conditions and solid execution.
- Guidance for Dec 2022 quarter: revenue ~$5.1B ±$300M, non-GAAP EPS ~$10.00 ±$0.75.
- Cash and investments increased to $4.6B; operating cash flow $1.19B.