Lam Research (LRCX) Tops Q2 EPS by 5c, Offers Q3 Guidance

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Go back to Lam Research (LRCX) Tops Q2 EPS by 5c, Offers Q3 Guidance

Lam Research Corporation Reports Financial Results for the Quarter Ended December 25, 2016

January 25, 2017 4:05 PM EST

FREMONT, Calif., Jan. 25, 2017 (GLOBE NEWSWIRE) -- Lam Research Corp. (Nasdaq: LRCX) today announced financial results for the quarter ended December 25, 2016 (the "December 2016 quarter").

Highlights for the December 2016 quarter were as follows:

Shipments of $1.92 billion and revenue of $1.88 billion.GAAP gross margin of 45.0%, GAAP operating margin of 23.4%, and GAAP diluted EPS of $1.81.Non-GAAP gross margin of 46.4%, non-GAAP operating margin of 26.0%, and non-GAAP diluted EPS of $2.24.... More