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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.
Revenue by Segment
Revenue by Geographic Location
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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