---
schema_version: "secwatch.filing_event.v1"
accession: "0000707549-23-000091"
form_type: "8-K"
ticker: "LRCX"
cik: "0000707549"
company_name: "LAM RESEARCH CORP"
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:31:52.355094+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000707549-23-000091
- form_type: 8-K
- ticker: LRCX
- cik: 0000707549
- company_name: LAM RESEARCH CORP
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/707549/000070754923000091/0000707549-23-000091-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/707549/000070754923000091/lrcx-20230726.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000707549-23-000091
- JSON: https://secwatch.observer/filing/0000707549-23-000091.json
- Plain text: https://secwatch.observer/filing/0000707549-23-000091.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/707549/000070754923000091/0000707549-23-000091-index.htm

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