Lam Research (LRCX) Tops Q2 EPS by 16c, Q3 Guidance Beats

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Go back to Lam Research (LRCX) Tops Q2 EPS by 16c, Q3 Guidance Beats

Lam Research Corporation Reports Financial Results for the Quarter Ended December 29, 2019

January 29, 2020 4:05 PM EST

FREMONT, Calif., Jan. 29, 2020 (GLOBE NEWSWIRE) -- Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended December 29, 2019 (the December 2019 quarter).

Highlights for the December 2019 quarter were as follows:

Revenue of $2.58 billion.U.S. GAAP gross margin of 45.7%, U.S. GAAP operating income as a percentage of revenue of 26.6%, and U.S. GAAP diluted EPS of $3.43.Non-GAAP gross margin of 45.7%, non-GAAP operating income as a percentage of revenue of 27.1%, and non-GAAP diluted EPS of $4.01.

Key Financial Data for the Quarters EndedDecember 29, 2019 and... More