Lam Research Q2 2020 Earnings Report
Key Takeaways
Lam Research Corporation reported strong financial results for the quarter ended December 29, 2019, with revenue reaching $2.58 billion and U.S. GAAP diluted EPS of $3.43. The company's non-GAAP diluted EPS was $4.01. Lam is executing at a high level in an improving wafer fabrication equipment environment and building a powerful pipeline of new products to fuel future growth.
Revenue for the December 2019 quarter was $2.58 billion.
U.S. GAAP gross margin was 45.7%, with operating income at 26.6% of revenue, and diluted EPS of $3.43.
Non-GAAP gross margin was 45.7%, with operating income at 27.1% of revenue, and diluted EPS of $4.01.
Cash and cash equivalents, short-term investments, and restricted cash and investments decreased to $4.9 billion.
Lam Research
Lam Research
Lam Research Revenue by Geographic Location
Forward Guidance
For the quarter ending March 29, 2020, Lam is providing revenue guidance of $2.8 billion +/- $200 million, a gross margin of 46.4% +/- 1%, operating income of 27.5% +/- 1%, and net income per diluted share of $4.46 +/- $0.40.
Revenue & Expenses
Visualization of income flow from segment revenue to net income