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Sep 27, 2020
Lam Research Q1 2021 Earnings Report
Lam Research's financial performance for Q1 2021, marked by record revenues and earnings per share, driven by strong operational execution and meeting customer's critical needs.
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.
Revenue by Segment
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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