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Jun 28, 2020
Lam Research Q4 2020 Earnings Report
Lam Research delivered strong financial results despite global health, macroeconomic, and geopolitical uncertainty.
Key Takeaways
Lam Research reported revenue of $2.79 billion and GAAP EPS of $4.73 for the quarter ended June 28, 2020. The company's performance demonstrates its ability to adapt and execute during unprecedented challenges.
Revenue of $2.79 billion.
U.S. GAAP gross margin of 45.9%, U.S. GAAP operating income as a percentage of revenue of 27.1%, and U.S. GAAP diluted EPS of $4.73.
Non-GAAP gross margin of 46.1%, non-GAAP operating income as a percentage of revenue of 28.5%, and non-GAAP diluted EPS of $4.78.
Cash and cash equivalents, short-term investments, and restricted cash and investments balances increased to $7.0 billion.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the quarter ended September 27, 2020, Lam is providing the following guidance: Revenue $3.1 Billion+/-$200 Million, Gross margin as a percentage of revenue 46.4%+/-1%, Operating income as a percentage of revenue 29.0%+/-1%, Net income per diluted share $5.06+/-$0.40, Diluted share count 147 Million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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