Lam Research (LRCX) Tops Q2 EPS by 31c, Revenues Beat; Offers 3Q EPS/Revenue Guidance Above Consensus

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Go back to Lam Research (LRCX) Tops Q2 EPS by 31c, Revenues Beat; Offers 3Q EPS/Revenue Guidance Above Consensus

Lam Research Corporation Reports Financial Results for the Quarter Ended December 27, 2020

January 27, 2021 4:05 PM EST

FREMONT, Calif., Jan. 27, 2021 (GLOBE NEWSWIRE) -- Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended December 27, 2020 (the December 2020 quarter).

Highlights for the December 2020 quarter were as follows:

Revenue of $3.46 billion.U.S. GAAP gross margin of 46.4%, U.S. GAAP operating income as a percentage of revenue of 29.2%, and U.S. GAAP diluted EPS of $5.96.Non-GAAP gross margin of 46.6%, non-GAAP operating income as a percentage of revenue of 30.3%, and non-GAAP diluted EPS of $6.03.... More