Earnings ·
Lam Reports $8.22B Q1 Revenue and $2.19 EPS, Raises Full-Year Outlook to $8.6B
LRCXLam Research Corp
Lam Research reported fiscal first-quarter revenue of $8.22 billion, a 22% increase from the prior quarter, driven by strong demand in China (35%) and Korea (20%). U.S. GAAP diluted earnings per share reached $2.19, up 21% year-over-year, while non-GAAP EPS was $2.20. The company provided fourth-quarter guidance of approximately $8.6 billion in revenue with a gross margin target of 52.5%. Lam Research is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry.