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Dec 25, 2022
Lam Research Q2 2023 Earnings Report
Reported financial results for the quarter ended December 25, 2022.
Key Takeaways
Lam Research Corporation reported revenue of $5.28 billion and U.S. GAAP diluted EPS of $10.77 for the quarter ended December 25, 2022. The company closed out 2022 with record revenue and earnings per share, despite supply chain challenges and inflationary pressures.
Revenue of $5.28 billion.
U.S. GAAP gross margin of 45.0%, U.S. GAAP operating income as a percentage of revenue of 31.8%, and U.S. GAAP diluted EPS of $10.77.
Non-GAAP gross margin of 45.1%, non-GAAP operating income as a percentage of revenue of 32.1%, and non-GAAP diluted EPS of $10.71.
Cash and cash equivalents, short-term investments, and restricted cash and investments balances increased to $4.8 billion.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the quarter ended March 26, 2023, Lam is providing the following guidance: Revenue $3.8 Billion +/-$300 Million, Gross margin as a percentage of revenue 42.8%+/-1%, Operating income as a percentage of revenue 25.3%+/-1%, Net income per diluted share $5.95+/-$0.75, Diluted share count 135 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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