secwatch.observer — SEC 8-K summary
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Issuer:     LAM RESEARCH CORP (LRCX)
CIK:        0000707549
Form:       8-K
Filed at:   2023-10-18T23:59:59+00:00
Accession:  0000707549-23-000112
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/707549/000070754923000112/0000707549-23-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/707549/000070754923000112/lrcx-20231018.htm
  HTML page:      https://secwatch.observer/filing/0000707549-23-000112

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