Lam Research Q3 FY2023 revenue $3.87B, GAAP EPS $6.01; guides Q4 revenue ~$3.1B

LAM RESEARCH CORP

2023-Q3 EPS reported $27.20 revenue$14,221,259,000

Revenue $3.87B (-26.7% QoQ); GAAP diluted EPS $6.01 (-44.2% QoQ); non-GAAP diluted EPS $6.99 (-34.7% QoQ).
GAAP gross margin 41.5% (down 350 bps QoQ); non-GAAP gross margin 44.0% (down 110 bps QoQ).
Q4 FY2023 guidance: revenue $3.1B ±$300M, non-GAAP EPS $5.00 ±$0.75, diluted share count ~134M.
Cash from operations $1.73B; share repurchases $582M, dividends $234M, capex $119M; cash balance $5.6B.
CEO Tim Archer cited record foundry-related revenues and cost management amid lower WFE spending.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LAM RESEARCH CORP reported the fiscal quarter ended March 26, 2023 results: revenue $3.87 billion, net income $814 million, EPS $6.01.

Period: the fiscal quarter ended March 26, 2023
Revenue: $3.87 billion
Net income: $814 million
EPS: $6.01
Result: reported results

Exact text from the filing

Research") today announced financial results for the quarter ended March 26, 2023 (the “March 2023 quarter”). Highlights for the March 2023 quarter were as follows: • Revenue of $3.87 billion. • U.S. GAAP gross margin of 41.5%, U.S. GAAP operating income as a percentage of revenue of 24.4%, and U.S. GAAP diluted EPS of $6.01. • Non-GAAP gross margin of 44.0%, non-GAAP

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Source: SEC EDGAR

accession 0000707549-23-000077

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