---
schema_version: "secwatch.filing_event.v1"
accession: "0000707549-24-000064"
form_type: "8-K"
ticker: "LRCX"
cik: "0000707549"
company_name: "LAM RESEARCH CORP"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T10:18:27.918407+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Lam Research Q2 revenue $3.79B, GAAP EPS $7.34; guides Q3 revenue $3.8B ± $300M

## Summary
- GAAP revenue $3.79B (+0.9% QoQ), GAAP diluted EPS $7.34 (+1.7% QoQ).
- Non-GAAP diluted EPS $7.79 (+3.6% QoQ); non-GAAP gross margin 48.7% (+110 bps QoQ).
- China represented 42% of revenue; systems revenue $2.4B, customer support $1.4B.
- Cash from operations $1.385B; $981M in share repurchases, $263M dividends paid.
- Q3 (June 2024) guidance: revenue $3.8B ± $300M, non-GAAP EPS $7.50 ± $0.75.

## SEC filing metadata
- accession: 0000707549-24-000064
- form_type: 8-K
- ticker: LRCX
- cik: 0000707549
- company_name: LAM RESEARCH CORP
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/707549/000070754924000064/0000707549-24-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/707549/000070754924000064/lrcx-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000707549-24-000064
- JSON: https://secwatch.observer/filing/0000707549-24-000064.json
- Plain text: https://secwatch.observer/filing/0000707549-24-000064.txt

## Key facts
- Earnings Releases
  LAM RESEARCH CORP reported the quarter ended March 31, 2024 results: revenue $3.79 billion, net income $966 million, EPS $7.34. Guidance reaffirmed.
  - Period: the quarter ended March 31, 2024
  - Revenue: $3.79 billion
  - Net income: $966 million
  - EPS: $7.34
  - Guidance: reaffirmed
  - Result: reported results
  source text: Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended March 31, 2024 (the “March 2024 quarter”). Highlights for the March 2024 quarter were as follows: • Revenue of $3.79 billion. • U.S. GAAP gross margin of 47.5%, U.S. GAAP operating income as a percentage of revenue of 27.9%, and U.S. GAAP diluted EPS of $7.34.
  evidence_url: https://www.sec.gov/Archives/edgar/data/707549/000070754924000064/0000707549-24-000064-index.htm

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