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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.
Lam Research
Lam Research
Lam Research Revenue by Segment
Lam Research Revenue by Geographic Location
Revenue by Segment
Systems Revenue
CapyFin.comRevenue by Geographic Location
China Revenue
CapyFin.comKorea Revenue
CapyFin.comTaiwan Revenue
CapyFin.comJapan Revenue
CapyFin.comUnited States Revenue
CapyFin.comSoutheast Asia Revenue
CapyFin.comEurope Revenue
CapyFin.com 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.
- Widespread outbreaks of illness may impact our operations and revenue in affected areas