Lam Research (LRCX) Tops Q2 EPS by 21c; Guides In-Line
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January 23, 2019 4:15 PM EST
FREMONT, Calif., Jan. 23, 2019 (GLOBE NEWSWIRE) -- Lam Research Corporation ("Lam Research," or the "Company") today announced that its Board of Directors approved a $5 billion share repurchase authorization.
The Company is authorized to repurchase up to $5 billion of common stock. Repurchases may be made through both public market and private transactions and may include the use of derivative contracts and structured share repurchase agreements. This repurchase program has no termination date and may be suspended or discontinued at any time. Funding for this repurchase program may be through a combination of cash on... More
January 23, 2019 4:13 PM EST
FREMONT, Calif., Jan. 23, 2019 (GLOBE NEWSWIRE) -- Lam Research Corporation ( the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended December 23, 2018 (the December 2018 quarter).
Highlights for the December 2018 quarter were as follows:
       Revenue of $2.52 billion.
       U.S. GAAP gross margin of 45.4%, U.S. GAAP operating income as a percentage of revenue of 27.4%, and U.S. GAAP diluted EPS of $3.51.
       Non-GAAP gross margin of 46.3%, non-GAAP operating income as a percentage of revenue of 28.8%, and non-GAAP diluted EPS of $3.87.
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