Lam Research (LRCX) Tops Q3 EPS by 32c, Revenues Beat; Offers 2Q EPS/Revenue Mid-Point Guidance Above Consensus

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Go back to Lam Research (LRCX) Tops Q3 EPS by 32c, Revenues Beat; Offers 2Q EPS/Revenue Mid-Point Guidance Above Consensus

Lam Research Corporation Reports Financial Results for the Quarter Ended March 31, 2019

April 24, 2019 4:05 PM EDT

FREMONT, Calif., April 24, 2019 (GLOBE NEWSWIRE) -- Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended March 31, 2019 (the March 2019 quarter).

Highlights for the March 2019 quarter were as follows:

Revenue of $2.44 billion.U.S. GAAP gross margin of 44.0%, U.S. GAAP operating income as a percentage of revenue of 23.2%, and U.S. GAAP diluted EPS of $3.47.Non-GAAP gross margin of 45.1%, non-GAAP operating income as a percentage of revenue of 25.1%, and non-GAAP diluted EPS of $3.70.

Key Financial Data for the Quarters EndedMarch 31,... More