Lam Research Q2 revenue $3.76B, GAAP EPS $7.22, Non-GAAP EPS $7.52

LAM RESEARCH CORP

2024-Q2 EPS reported $13.88 revenue$7,240,321,000

Revenue $3.76B (+7.9% QoQ); GAAP EPS $7.22, non-GAAP $7.52.
Cash from ops $1.45B; repurchased $645M shares; paid $264M dividends.
China 40% of revenue; Korea 19%, Japan 14%, Taiwan 13%.
Q3 guidance: revenue ~$3.7B ±$300M; non-GAAP EPS ~$7.25 ±$0.75.
GAAP gross margin 46.8%, non-GAAP 47.6%; operating margin 28.1%/30.0%.

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 the quarter ended December 24, 2023 results: revenue $3.76 billion, net income $954 million, EPS $7.22. Guidance initiated.

Period: the quarter ended December 24, 2023
Revenue: $3.76 billion
Net income: $954 million
EPS: $7.22
Guidance: initiated
Result: reported results

Exact text from the filing

today announced financial results for the quarter ended December 24, 2023 (the “December 2023 quarter”). Highlights for the December 2023 quarter were as follows: • Revenue of $3.76 billion. • U.S. GAAP gross margin of 46.8%, U.S. GAAP operating income as a percentage of revenue of 28.1%, and U.S. GAAP diluted EPS of $7.22. • Non-GAAP gross margin of 47.6%, non-GAAP

View on SEC.gov

Browse all earnings releases →

LAM RESEARCH CORP filing history →

Source: SEC EDGAR

accession 0000707549-24-000013

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.