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Sep 26, 2021
Lam Research Q1 2022 Earnings Report
Lam Research's financial performance for Q1 2022, marked by record revenue and EPS, driven by strong demand and solid execution.
Key Takeaways
Lam Research reported record revenue of $4.30 billion and EPS of $8.27 for the quarter ended September 26, 2021. The company's performance was driven by strong demand and solid execution in a robust wafer fabrication equipment environment.
Revenue reached $4.30 billion.
U.S. GAAP gross margin was 45.9%, with U.S. GAAP diluted EPS at $8.27.
Non-GAAP gross margin was 46.0%, and non-GAAP diluted EPS was $8.36.
Cash and cash equivalents decreased to $4.9 billion.
Lam Research
Lam Research
Lam Research Revenue by Segment
Revenue by Segment
Systems Revenue
CapyFin.com Forward Guidance
For the quarter ending December 26, 2021, Lam Research expects revenue of $4.4 billion +/- $250 million and non-GAAP net income per diluted share of $8.45 +/- $0.50.
Positive Outlook
- Revenue is expected to be $4.4 Billion +/- $250 Million.
- Gross margin is projected at 46.0% +/- 1%.
- Operating income is anticipated to be 31.7% +/- 1% on a U.S. GAAP basis and 32.0% +/- 1% on a non-GAAP basis.
- Net income per diluted share is forecasted at $8.37 +/- $0.50 on a U.S. GAAP basis and $8.45 +/- $0.50 on a non-GAAP basis.
- Diluted share count is estimated at 142 million.
Challenges Ahead
- Guidance does not incorporate potential impacts of business combinations or other significant arrangements.
- Actual results may vary from the provided model.
- Guidance is subject to various factors, including supply chain disruptions, trade regulations, and geopolitical tensions.
- Consumer electronics, semiconductor industry, and overall economy conditions could deteriorate.
- The COVID-19 pandemic's impacts remain uncertain and unpredictable.