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Mar 28, 2021
Lam Research Q3 2021 Earnings Report
Lam Research reported record revenue and earnings per share.
Key Takeaways
Lam Research Corporation announced financial results for the quarter ended March 28, 2021, with record revenue of $3.85 billion and U.S. GAAP diluted EPS of $7.41.
Revenue of $3.85 billion.
U.S. GAAP gross margin of 46.3%, U.S. GAAP operating income as a percentage of revenue of 31.1%, and U.S. GAAP diluted EPS of $7.41.
Non-GAAP gross margin of 46.3%, non-GAAP operating income as a percentage of revenue of 31.6%, and non-GAAP diluted EPS of $7.49.
Cash and cash equivalents, short-term investments, and restricted cash and investments balances decreased to $6.0 billion.
Revenue by Segment
Forward Guidance
For the quarter ended June 27, 2021, Lam is providing the following guidance: Revenue $4.0 Billion+/-$250 Million, Gross margin as a percentage of revenue 46.5%+/-1%, Operating income as a percentage of revenue 31.7%+/-1%, Net income per diluted share $7.42+/-$0.50, Diluted share count 144 Million
Positive Outlook
- Revenue $4.0 Billion+/-$250 Million.
- Gross margin as a percentage of revenue 46.5%+/-1%.
- Operating income as a percentage of revenue 31.7%+/-1%.
- Net income per diluted share $7.42+/-$0.50.
- Diluted share count 144 Million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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