Lam Research (LRCX) Tops Q1 EPS by 48c, Q2 Guidance Tops Consensus
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Lam Research Corporation Reports Financial Results for the Quarter Ended September 27, 2020
October 21, 2020 4:05 PM EDTFREMONT, Calif., Oct. 21, 2020 (GLOBE NEWSWIRE) -- Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended September 27, 2020 (the September 2020 quarter).
Highlights for the September 2020 quarter were as follows:
Revenue of $3.18 billion.U.S. GAAP gross margin of 47.4%, U.S. GAAP operating income as a percentage of revenue of 30.2%, and U.S. GAAP diluted EPS of $5.59.Non-GAAP gross margin of 47.5%, non-GAAP operating income as a percentage of revenue of 31.1%, and non-GAAP diluted EPS of $5.67.Key Financial Data for the Quarters Ended... More
