Loading...
•
Mar 31, 2024
Lam Research Q3 2024 Earnings Report
Lam Research reported solid revenue and earnings per share for Q3 2024.
Key Takeaways
Lam Research Corporation reported revenue of $3.79 billion and a GAAP diluted EPS of $7.34 for the quarter ended March 31, 2024. The company is strengthening its leadership and is well-positioned for future opportunities.
Revenue of $3.79 billion.
U.S. GAAP gross margin of 47.5%, U.S. GAAP operating income as a percentage of revenue of 27.9%, and U.S. GAAP diluted EPS of $7.34.
Non-GAAP gross margin of 48.7%, non-GAAP operating income as a percentage of revenue of 30.3%, and non-GAAP diluted EPS of $7.79.
Cash and cash equivalents, short-term investments, and restricted cash and investments balances increased slightly to $5.7 billion.
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
For the quarter ended June 30, 2024, Lam is providing revenue guidance of $3.8 Billion +/-$300 Million, gross margin as a percentage of revenue of 46.7%+/-1% (U.S. GAAP) and 47.5%+/-1% (Non-GAAP), operating income as a percentage of revenue of 28.3%+/-1% (U.S. GAAP) and 29.5%+/-1% (Non-GAAP), and net income per diluted share of $7.20+/-$0.75 (U.S. GAAP) and $7.50+/-$0.75 (Non-GAAP).
Positive Outlook
- Revenue: $3.8 Billion +/-$300 Million
- Gross margin as a percentage of revenue: 46.7%+/-1% (U.S. GAAP)
- Gross margin as a percentage of revenue: 47.5%+/-1% (Non-GAAP)
- Operating income as a percentage of revenue: 28.3%+/-1% (U.S. GAAP)
- Operating income as a percentage of revenue: 29.5%+/-1% (Non-GAAP)
Challenges Ahead
- Net income per diluted share: $7.20+/-$0.75 (U.S. GAAP)
- Net income per diluted share: $7.50+/-$0.75 (Non-GAAP)
- Diluted share count: 131 million
- Transformational costs impact gross margin
- Restructuring charges impact gross margin