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Jun 30, 2024
Lam Research Q4 2024 Earnings Report
Reported financial results for the quarter ended June 30, 2024, with revenue above guidance midpoint and strategic investments in R&D and operations.
Key Takeaways
Lam Research reported revenue of $3.87 billion and GAAP EPS of $7.78 for the quarter ended June 30, 2024. The results exceeded the midpoint of their guidance, driven by solid execution and growth in the customer support business group. The company is making strategic investments in R&D and operations to position itself for a multi-year period of strong wafer fab equipment spending.
Revenue reached $3.87 billion.
GAAP gross margin was 47.5%, with GAAP EPS at $7.78.
Non-GAAP gross margin was 48.5%, with non-GAAP EPS at $8.14.
Cash and cash equivalents increased to $5.9 billion.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the quarter ended September 29, 2024, Lam is providing revenue guidance of $4.05 Billion +/- $300 Million, gross margin as a percentage of revenue of 46.9%+/-1%, operating income as a percentage of revenue of 29.4%+/-1%, and net income per diluted share of $7.97+/-$0.75.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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