Lam Research Q3 2021 Earnings Report
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.
Lam Research
Lam Research
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.