Lam Research Q1 2021 Earnings Report
Key Takeaways
Lam Research reported strong financial results for the quarter ended September 27, 2020, with record revenues of $3.18 billion and diluted EPS of $5.59 on a U.S. GAAP basis and $5.67 on a non-GAAP basis. The company's performance was driven by strong operational execution and the ability to meet customers' critical needs.
Revenue reached $3.18 billion.
U.S. GAAP gross margin was 47.4%, with operating income at 30.2% of revenue, and diluted EPS of $5.59.
Non-GAAP gross margin was 47.5%, with operating income at 31.1% of revenue and diluted EPS of $5.67.
Cash generated from operating activities was $642.5 million.
Lam Research
Lam Research
Forward Guidance
For the quarter ended December 27, 2020, Lam is providing the following guidance: Revenue $3.3 Billion +/-$200 Million, Gross margin as a percentage of revenue 46.0% +/-1 %, Operating income as a percentage of revenue 29.1% +/-1 %, Net income per diluted share $5.51 +/-$0.40, Diluted share count 146 Million.