Lam Research Q1 fiscal 2024 revenue $3.48B, EPS $6.66; guides Dec Q revenue ~$3.7B

LAM RESEARCH CORP

2024-Q1 EPS reported $6.66 revenue$3,482,062,000

Revenue $3.48B (+8.6% Q/Q); GAAP EPS $6.66, non-GAAP EPS $6.85.
Non-GAAP gross margin 47.9% (+220 bps Q/Q); operating margin 30.1%.
China represented 48% of revenue; systems revenue $2.06B, customer support $1.43B.
Guidance for Dec 2023 quarter: revenue ~$3.7B ±$300M, non-GAAP diluted EPS $7.00 ±$0.75.
Generated $951M operating cash; repurchased $843M shares, paid $230M dividends.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LAM RESEARCH CORP reported quarter ended September 24, 2023 results: revenue $3.48 billion, net income $887 million, EPS $6.66.

Period: quarter ended September 24, 2023
Revenue: $3.48 billion
Net income: $887 million
EPS: $6.66
Result: reported results

Exact text from the filing

Lam Research Corporation Reports Financial Results for the Quarter Ended September 24, 2023 FREMONT, Calif., October 18, 2023 - Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended September 24, 2023 (the "September 2023 quarter"). Highlights for the September 2023 quarter were as follows: • Revenue of $3.48 billion. • U.S. GAAP gross margin of 47.5%, U.S. GAAP operating income as a percentage of revenue of 29.4%, and U.S. GAAP diluted EPS of $6.66.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LAM RESEARCH CORP reported quarter ended December 24, 2023 results: revenue $3.7 Billion +/- $300 Million, EPS $6.78 +/- $0.75.

Period: quarter ended December 24, 2023
Revenue: $3.7 Billion +/- $300 Million
EPS: $6.78 +/- $0.75
Result: guidance update

Exact text from the filing

Outlook For the quarter ended December 24, 2023, Lam is providing the following guidance: U.S. GAAP Reconciling Items Non-GAAP Revenue $3.7 Billion +/- $300 Million — $3.7 Billion +/- $300 Million Gross margin as a percentage of revenue 46.5% +/- 1% $ 17 Million 47.0% +/- 1% Operating income as a percentage of revenue 28.6% +/- 1% $ 32 Million 29.5% +/- 1% Net income per diluted share $6.78 +/- $0.75 $ 29 Million $7.00 +/- $0.75 Diluted share count 132 Million — 132 million

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Source: SEC EDGAR

accession 0000707549-23-000112

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