Lam Research revenue down 17% Q/Q to $3.21B; guidance above expectations for September quarter

LAM RESEARCH CORP

2023-FY EPS reported $33.21 revenue$17,428,516,000

Revenue $3.21B, down 17% Q/Q from $3.87B; GAAP EPS $5.97, non-GAAP EPS $5.98.
GAAP gross margin improved to 45.5% from 41.5% Q/Q; non-GAAP gross margin 45.7%.
September quarter guidance: revenue ~$3.4B, non-GAAP EPS $6.05, both above analyst consensus.
Operating cash flow $1.1B offset by $869M share repurchases and $232M dividends in quarter.
China contributed 26% of revenue, Korea 24%, Taiwan 20%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LAM RESEARCH CORP reported the fiscal quarter ended June 25, 2023 results: revenue $3.21 billion, net income $803 million, EPS $5.97.

Period: the fiscal quarter ended June 25, 2023
Revenue: $3.21 billion
Net income: $803 million
EPS: $5.97
Result: reported results

Exact text from the filing

Research") today announced financial results for the quarter ended June 25, 2023 (the “June 2023 quarter”). Highlights for the June 2023 quarter were as follows: • Revenue of $3.21 billion. • U.S. GAAP gross margin of 45.5%, U.S. GAAP operating income as a percentage of revenue of 26.6%, and U.S. GAAP diluted EPS of $5.97. • Non-GAAP gross margin of 45.7%, non-GAAP

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Source: SEC EDGAR

accession 0000707549-23-000091

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