secwatch.observer — SEC 8-K summary
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Issuer:     LAM RESEARCH CORP (LRCX)
CIK:        0000707549
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0000707549-24-000064
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/707549/000070754924000064/0000707549-24-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/707549/000070754924000064/lrcx-20240424.htm
  HTML page:      https://secwatch.observer/filing/0000707549-24-000064

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