secwatch.observer — SEC 8-K summary
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Issuer:     LAM RESEARCH CORP (LRCX)
CIK:        0000707549
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0000707549-23-000091
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/707549/000070754923000091/0000707549-23-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/707549/000070754923000091/lrcx-20230726.htm
  HTML page:      https://secwatch.observer/filing/0000707549-23-000091

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