---
schema_version: "secwatch.filing_event.v1"
accession: "0000707549-23-000077"
form_type: "8-K"
ticker: "LRCX"
cik: "0000707549"
company_name: "LAM RESEARCH CORP"
filed_at: "2023-04-19T23:59:59+00:00"
generated_at: "2026-06-16T23:59:40.198490+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000707549-23-000077
- form_type: 8-K
- ticker: LRCX
- cik: 0000707549
- company_name: LAM RESEARCH CORP
- filed_at: 2023-04-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/707549/000070754923000077/0000707549-23-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/707549/000070754923000077/lrcx-20230419.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000707549-23-000077
- JSON: https://secwatch.observer/filing/0000707549-23-000077.json
- Plain text: https://secwatch.observer/filing/0000707549-23-000077.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/707549/000070754923000077/0000707549-23-000077-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.