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Jun 25, 2023
Lam Research Q4 2023 Earnings Report
Lam Research's financial performance for Q4 2023, with revenue at $3.21 billion and GAAP EPS at $5.97, exceeding guided profitability.
Key Takeaways
Lam Research reported Q4 2023 revenue of $3.21 billion and a GAAP EPS of $5.97. The company's profitability exceeded guided ranges, driven by a broad product portfolio and customer collaboration.
Revenue reached $3.21 billion.
GAAP gross margin was 45.5%, with GAAP EPS at $5.97.
Non-GAAP gross margin stood at 45.7%, and non-GAAP EPS was $5.98.
Cash and cash equivalents remained stable at $5.6 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 ending September 24, 2023, Lam Research expects revenue of $3.4 billion +/- $300 million, GAAP gross margin of 45.9% +/- 1%, GAAP operating income of 27.0% +/- 1%, and GAAP net income per diluted share of $5.82 +/- $0.75.
Positive Outlook
- Revenue is expected to be $3.4 Billion +/- $300 Million
- Gross margin is expected to be 45.9% +/- 1%
- Operating income is expected to be 27.0% +/- 1%
- Net income per diluted share is expected to be $5.82 +/- $0.75
- Diluted share count of 133 million
Challenges Ahead
- Guidance does not incorporate potential impact of business combinations, asset acquisitions, or other significant arrangements.
- Actual results will vary from this model and the variations may be material.
- Reconciling items included are only those that are known and can be estimated.
- Trade regulations and export controls may inhibit ability to sell products
- Supply chain disruptions or manufacturing capacity constraints may limit ability to manufacture and sell products