secwatch.observer — SEC 8-K summary
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Issuer:     LAM RESEARCH CORP (LRCX)
CIK:        0000707549
Form:       8-K
Filed at:   2023-04-19T23:59:59+00:00
Accession:  0000707549-23-000077
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/707549/000070754923000077/0000707549-23-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/707549/000070754923000077/lrcx-20230419.htm
  HTML page:      https://secwatch.observer/filing/0000707549-23-000077

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