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Dec 27, 2020
Lam Research Q2 2021 Earnings Report
Lam Research's financial performance for the quarter ended December 27, 2020, was announced, revealing revenue of $3.46 billion and non-GAAP diluted EPS of $6.03.
Key Takeaways
Lam Research Corporation reported a successful December 2020 quarter with revenue of $3.46 billion and non-GAAP diluted EPS of $6.03. The company closed out the most successful year in its 40-year history, driven by strong secular demand for semiconductors.
Revenue reached $3.46 billion.
U.S. GAAP gross margin was 46.4%, with U.S. GAAP diluted EPS at $5.96.
Non-GAAP gross margin was 46.6%, and non-GAAP diluted EPS was $6.03.
The company enters 2021 with solid momentum for continued growth and expanded leadership across its markets.
Revenue by Segment
Forward Guidance
For the quarter ended March 28, 2021, Lam is providing revenue guidance of $3.7 billion +/- $200 million and net income per diluted share of $6.47 +/- $0.40 (U.S. GAAP).
Historical Earnings Impact
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Avg. Return Before/After Earnings
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