Lam Research (LRCX) Tops Q4 EPS by 73c; Guides Above Views

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Go back to Lam Research (LRCX) Tops Q4 EPS by 73c; Guides Above Views

Lam Research Corporation Reports Financial Results for the Quarter Ended June 28, 2020

July 29, 2020 4:05 PM EDT

FREMONT, Calif., July 29, 2020 (GLOBE NEWSWIRE) -- Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended June 28, 2020 (the June 2020 quarter).

Highlights for the June 2020 quarter were as follows:

Revenue of $2.79 billion.U.S. GAAP gross margin of 45.9%, U.S. GAAP operating income as a percentage of revenue of 27.1%, and U.S. GAAP diluted EPS of $4.73.Non-GAAP gross margin of 46.1%, non-GAAP operating income as a percentage of revenue of 28.5%, and non-GAAP diluted EPS of $4.78.

Key Financial Data for the Quarters EndedJune 28, 2020... More