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Mar 29, 2020
Lam Research Q3 2020 Earnings Report
Lam Research reported solid financial performance despite COVID-19 impact.
Key Takeaways
Lam Research announced financial results for the quarter ended March 29, 2020. The company reported revenue of $2.50 billion and U.S. GAAP diluted EPS of $3.88. Extraordinary efforts by Lam's global teams helped to mitigate the operational impact of the COVID-19 pandemic.
Revenue of $2.50 billion.
U.S. GAAP gross margin of 46.6%.
U.S. GAAP operating income as a percentage of revenue of 27.7%.
U.S. GAAP diluted EPS of $3.88.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
While there is limited visibility to near-term macroeconomic conditions and industry supply chain recovery, customer demand for our equipment remains strong. We believe in the long-term resiliency of the semiconductor industry and are focused on providing innovative technology to our customers and positioning Lam for outperformance as industry conditions normalize.
Positive Outlook
- Customer demand for our equipment remains strong.
- Belief in the long-term resiliency of the semiconductor industry
- Focused on providing innovative technology to our customers
- Positioning Lam for outperformance as industry conditions normalize.
Challenges Ahead
- Limited visibility to near-term macroeconomic conditions
- Industry supply chain recovery challenges
- Impact of the COVID-19 outbreak on our operations and financial results
- Business, political and/or regulatory conditions in the consumer electronics industry may deteriorate or change.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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