Lam Research (LRCX) Stock Takes a Breather Despite Another Record Quarter

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Go back to Lam Research (LRCX) Stock Takes a Breather Despite Another Record Quarter

Lam Research Corporation Reports Financial Results for the Quarter Ended September 26, 2021

October 20, 2021 4:05 PM EDT

FREMONT, Calif., Oct. 20, 2021 (GLOBE NEWSWIRE) -- Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended September 26, 2021 (the September 2021 quarter).

Highlights for the September 2021 quarter were as follows:

Revenue of $4.30 billion.U.S. GAAP gross margin of 45.9%, U.S. GAAP operating income as a percentage of revenue of 31.9%, and U.S. GAAP diluted EPS of $8.27.Non-GAAP gross margin of 46.0%, non-GAAP operating income as a percentage of revenue of 32.4%, and non-GAAP diluted EPS of $8.36.... More