Lam Research Q3 2022 Earnings Report
Key Takeaways
Lam Research announced financial results for the quarter ended March 27, 2022, reporting revenue of $4.06 billion and U.S. GAAP diluted EPS of $7.30. The company's results were within the guided ranges despite a difficult supply environment.
Revenue of $4.06 billion.
U.S. GAAP gross margin of 44.7%, U.S. GAAP operating income as a percentage of revenue of 29.4%, and U.S. GAAP diluted EPS of $7.30.
Non-GAAP gross margin of 44.7%, non-GAAP operating income as a percentage of revenue of 29.4%, and non-GAAP diluted EPS of $7.40.
Deferred revenue increased to $2,069 million.
Lam Research
Lam Research
Forward Guidance
For the quarter ended June 26, 2022, Lam is providing the following guidance: Revenue $4.20 Billion+/-$300 Million, Gross margin as a percentage of revenue 44.5%+/-1%, Operating income as a percentage of revenue 29.2%+/-1%, Net income per diluted share $7.18+/-$0.75.