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Sep 29, 2024
Lam Research Q1 2025 Earnings Report
Lam Research's financial performance exceeded expectations due to continued strong execution.
Key Takeaways
Lam Research reported revenue of $4.17 billion and a GAAP EPS of $0.86 for the quarter ended September 29, 2024. The company's financial results surpassed expectations, driven by strong execution.
Revenue reached $4.17 billion.
U.S. GAAP gross margin was 48.0%, with U.S. GAAP operating income at 30.3% of revenue, and U.S. GAAP diluted EPS of $0.86.
Non-GAAP gross margin was 48.2%, non-GAAP operating income was 30.9% of revenue, and non-GAAP diluted EPS was $0.86.
Cash, cash equivalents, and restricted cash balances increased to $6.1 billion.
Revenue by Segment
Forward Guidance
For the quarter ended December 29, 2024, Lam is providing the following guidance: Revenue $4.30 Billion+/-$300 Million, Gross margin as a percentage of revenue 46.9%+/-1%, Operating income as a percentage of revenue 29.9%+/-1%, Net income per diluted share $0.87+/-$0.10, Diluted share count 1.29 Billion
Historical Earnings Impact
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Avg. Return Before/After Earnings
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