LAM RESEARCH CORP reported Quarter ended March 29, 2026 results: revenue $5,841 million, net income $1,825 million, EPS $1.45.
“For the March 2026 quarter, revenue was $5,841 million, gross margin was $2,911 million, or 49.8% of revenue, operating expenses were $864 million, operating margin was 35.0%, and net income was $1,825 million, or $1.45 per diluted share on a U.S. GAAP basis.”
Governance Changes
LAM RESEARCH CORP: Amendment to Restated Certificate of Incorporation to limit liability of certain officers as permitted by Delaware law (effective 2025-11-04).
“At the Annual Meeting, the Company’s stockholders approved an amendment (the “Amendment”) to the Company’s existing Restated Certificate of Incorporation, as amended (as amended, the “Certificate of Incorporation”).”
Governance Changes
LAM RESEARCH CORP: Amended and restated bylaws to allow stockholders owning at least 20% of outstanding common stock for at least one year to call special meetings, subject to conditions (effective 2025-05-20).
“On May 20, 2025, the Board of Directors of Lam Research Corporation (the “Company”) amended and restated the Company’s Amended and Restated Bylaws (the “Bylaws”), effective immediately.”
Governance Changes
LAM RESEARCH CORP: Amendment to Restated Certificate of Incorporation to effect a ten-for-one forward stock split and increase authorized common stock from 400,000,000 to 4,000,000,000 shares (effective 2024-10-02).
“On October 2, 2024, Lam Research Corporation (the “Company”) filed an amendment to the Company’s Restated Certificate of Incorporation (the “Amendment”) with the Secretary of State of the State of Delaware to effect a ten-for-one forward split (the “Stock Split”) of the Company’s common stock, par value $0.001 per share (the “Common Stock”), without any change to its par value.”
Leslie F. Varon departed as Director at LAM RESEARCH CORP.
“On September 13, 2024, Lih Shyng (Rick L.) Tsai, Ph.D. and Leslie F. Varon, members of the board of directors (the “Board”) of Lam Research Corporation (the “Company”), each notified the Company that they will conclude their service as members of the Board on November 4, 2024, prior to the Company’s 2024 annual meeting of stockholders.”
Rick L. Tsai departed as Director at LAM RESEARCH CORP.
“On September 13, 2024, Lih Shyng (Rick L.) Tsai, Ph.D. and Leslie F. Varon, members of the board of directors (the “Board”) of Lam Research Corporation (the “Company”), each notified the Company that they will conclude their service as members of the Board on November 4, 2024, prior to the Company’s 2024 annual meeting of stockholders.”
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.
“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.”
Earnings Releases
LAM RESEARCH CORP reported the quarter ended December 24, 2023 results: revenue $3.76 billion, net income $954 million, EPS $7.22. Guidance initiated.
“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”
Governance Changes
LAM RESEARCH CORP: Amended and restated Bylaws effective immediately on November 8, 2023, to modify Sections 2.7, 2.12, 2.13, and 6.1, adopt gender-neutral terms, and include immaterial clarifications (effective 2023-11-08).
“On November 8, 2023, the board of directors (the “Board”) of Lam Research Corporation (the “Company”) amended and restated the Company’s Amended and Restated Bylaws (the “Bylaws”), effective immediately, to, among other things: • modify Section 2.7 to conform to recent changes to the Delaware General Corporation Law (the “DGCL”) relating to the procedures for adjourning a meeting of stockholders”
Shareholder Votes
LAM RESEARCH CORP shareholders approved Ratification of appointment of Ernst & Young LLP as independent registered public accounting firm for fiscal year 2024 at the 2023-11-07 meeting.
“(d) The vote on a proposal to ratify the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for fiscal year 2024 was as follows: % OF VOTES CAST FOR FOR AGAINST ABSTAIN BROKER NON-VOTES Total Shares Voted 95.66% 111,657,801 5,058,428 194,984 — The appointment was ratified.”
Shareholder Votes
LAM RESEARCH CORP shareholders approved Advisory vote on frequency of future advisory votes on executive compensation (Say on Frequency) at the 2023-11-07 meeting.
“(c) The vote on a proposal to approve on an advisory basis the frequency of holding future stockholder advisory votes on our named executive compensation (“Say on Frequency”) was as follows: % OF VOTES CAST FOR 1 YEAR 1 YEAR 2 YEARS 3 YEARS ABSTAIN Total Shares Voted 98.64% 102,467,576 51,282 1,351,315 191,911 Consistent with the stated preference of a majority of the Company's stockholders, the Board determined on November 8, 2023 that it will include an advisory stockholder vote on executive compensation in its proxy materials every year until the next required advisory vote on the frequency of stockholder votes on executive compensation, which will occur no later than the Company’s annual meeting of stockholders in 2029.”
Shareholder Votes
LAM RESEARCH CORP shareholders approved Advisory vote to approve compensation of named executive officers (Say on Pay) at the 2023-11-07 meeting.
“(b) The vote on a proposal to approve on an advisory basis the compensation of the named executive officers of the Company (“Say on Pay”) was as follows: % OF VOTES CAST FOR FOR AGAINST ABSTAIN BROKER NON-VOTES Total Shares Voted 95.21% 98,731,976 4,957,201 372,907 12,849,129 The proposal was approved.”
Shareholder Votes
LAM RESEARCH CORP shareholders approved Election of directors at the 2023-11-07 meeting.
“The Annual Meeting of Stockholders was held by webcast on November 7, 2023. The results of voting on the following items were as set forth below: (a) The votes for nominated directors, to serve until the next annual meeting of stockholders, and until their successors are elected and qualified, were as follows: NOMINEE % OF VOTES CAST FOR FOR AGAINST ABSTAIN BROKER NON-VOTES Sohail U. Ahmed 99.50% 103,396,209 519,096 146,779 12,849,129 Timothy M. Archer 99.39% 103,294,062 631,856 136,166 12,849,129 Eric K. Brandt 88.33% 91,699,618 12,110,959 251,507 12,849,129 Michael R. Cannon 89.43% 92,840,162 10,970,344 251,578 12,849,129 John M. Dineen 99.77% 103,646,939 229,154 185,991 12,849,129 Ho Kyu Kang 99.78% 103,664,249 220,893 176,942 12,849,129 Bethany J. Mayer 90.50% 94,025,063 9,865,487 171,534 12,849,129 Jyoti K. Mehra 99.20% 103,065,166 820,805 176,113 12,849,129 Abhijit Y. Talwalkar 83.73% 86,898,655 16,880,814 282,615 12,849,129 Lih Shyng (Rick L.) Tsai 99.17% 103,034,124 856,382 171”
Earnings Releases
LAM RESEARCH CORP reported quarter ended December 24, 2023 results: revenue $3.7 Billion +/- $300 Million, EPS $6.78 +/- $0.75.
“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”
Earnings Releases
LAM RESEARCH CORP reported quarter ended September 24, 2023 results: revenue $3.48 billion, net income $887 million, EPS $6.66.
“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.”
Earnings Releases
LAM RESEARCH CORP reported the fiscal quarter ended June 25, 2023 results: revenue $3.21 billion, net income $803 million, EPS $5.97.
“Research") today announced financial results for the quarter ended June 25, 2023 (the “June 2023 quarter”). Highlights for the June 2023 quarter were as follows: • Revenue of $3.21 billion. • U.S. GAAP gross margin of 45.5%, U.S. GAAP operating income as a percentage of revenue of 26.6%, and U.S. GAAP diluted EPS of $5.97. • Non-GAAP gross margin of 45.7%, non-GAAP”
Earnings Releases
LAM RESEARCH CORP reported the fiscal quarter ended March 26, 2023 results: revenue $3.87 billion, net income $814 million, EPS $6.01.
“Research") today announced financial results for the quarter ended March 26, 2023 (the “March 2023 quarter”). Highlights for the March 2023 quarter were as follows: • Revenue of $3.87 billion. • U.S. GAAP gross margin of 41.5%, U.S. GAAP operating income as a percentage of revenue of 24.4%, and U.S. GAAP diluted EPS of $6.01. • Non-GAAP gross margin of 44.0%, non-GAAP”
Earnings Releases
LAM RESEARCH CORP reported the quarter ended March 26, 2023 results: revenue $3.8 Billion +/- $300 Million, EPS $5.95 +/- $0.75. Guidance initiated.
“Outlook For the quarter ended March 26, 2023, Lam is providing the following guidance: U.S. GAAP Reconciling Items Non-GAAP Revenue $3.8 Billion +/- $300 Million — $3.8 Billion +/- $300 Million Gross margin as a percentage of revenue 42.8% +/- 1% $ 45 Million 44.0% +/- 1% Operating income as a percentage of revenue 25.3% +/- 1% $ 84 Million 27.5% +/- 1% Net income per diluted share $5.95 +/- $0.75 $ 74 Million $6.50 +/- $0.75”
Earnings Releases
LAM RESEARCH CORP reported the quarter ended December 25, 2022 results: revenue $5,278 million, net income $1,469 million, EPS $10.77 per diluted share.
“For the December 2022 quarter, revenue was $5,278 million, gross margin was $2,376 million, or 45.0% of revenue, operating expenses were $696 million, operating income was 31.8% of revenue, and net income was $1,469 million, or $10.77 per diluted share on a U.S. GAAP basis.”
Restructurings & Charges
LAM RESEARCH CORP announced a restructuring with charges of approximately $80.0 million (approximately 1,300 employee positions, which is approximately 7% of the Company's total number of employees).
“On January 23, 2023, the Company commenced a workforce reduction that is intended to better align the Company’s cost structure with its outlook for the current economic environment and future business opportunities (the “Restructuring Plan”). The Company expects the Restructuring Plan to entail a workforce reduction of approximately 1,300 employee positions, which is approximately 7% of the Company’s total number of employees. This Restructuring Plan is expected to be substantially completed by the end of the quarter ending June 25, 2023, but the timing of actions may vary by country based on local legal requirements. The Restructuring Plan is expected to result in total charges of approximately $80.0 million, to be incurred during the quarter ending March 26, 2023.”
Shareholder Votes
LAM RESEARCH CORP shareholders approved Advisory vote on executive compensation at the 2022-11-08 meeting.
“The vote on a proposal to approve on an advisory basis the compensation of the named executive officers of the Company (“Say on Pay”) was as follows: % OF VOTES CAST FOR FOR AGAINST ABSTAIN BROKER NON-VOTES Total Shares Voted 95.00% 100,868,597 5,129,133 177,303 13,102,670 The proposal was approved.”
Shareholder Votes
LAM RESEARCH CORP shareholders approved Election of directors at the 2022-11-08 meeting.
“The Annual Meeting of Stockholders was held by webcast on November 8, 2022. The results of voting on the following items were as set forth below: (a) The votes for nominated directors, to serve until the next annual meeting of stockholders, and until their successors are elected and qualified, were as follows: NOMINEE % OF VOTES CAST FOR FOR AGAINST ABSTAIN BROKER NON-VOTES Sohail U. Ahmed 99.54% 105,601,838 483,990 89,205 13,102,670 Timothy M. Archer 99.51% 105,578,910 517,936 78,187 13,102,670 Eric K. Brandt 89.83% 95,138,929 10,768,783 267,321 13,102,670 Michael R. Cannon 97.04% 102,776,855 3,129,606 268,572 13,102,670 Bethany J. Mayer 98.90% 104,922,779 1,163,725 88,529 13,102,670 Jyoti K. Mehra 99.73% 105,795,511 281,700 97,822 13,102,670 Abhijit Y. Talwalkar 90.30% 95,174,703 10,221,090 779,240 13,102,670 Lih Shyng (Rick L.) Tsai 99.64% 105,712,097 376,353 86,583 13,102,670 Leslie F. Varon 98.35% 104,339,724 1,746,927 88,382 13,102,670 All director nominees were duly elected.”
Catherine P. Lego departed as member of the board of directors at LAM RESEARCH CORP.
“On September 14, 2022, Catherine P. Lego, a member of the board of directors (the “Board”) of Lam Research Corporation (the “Company”), notified the Company that she will be retiring from the Board.”
Jyoti K. Mehra was appointed as Director at LAM RESEARCH CORP.
“On November 9, 2021, the Board of Directors of the Company, pursuant to applicable provisions of the Company’s Amended and Restated Bylaws, appointed Jyoti K. Mehra as director of the Company, effective immediately.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.