Lam Research (LRCX) Stock Falls 6% as Q4 EPS Beat, But Guidance Misses
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Lam Research Corporation Reports Financial Results for the Quarter Ended December 26, 2021
January 26, 2022 4:05 PM ESTFREMONT, Calif., Jan. 26, 2022 (GLOBE NEWSWIRE) -- Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended December 26, 2021 (the December 2021 quarter).
Highlights for the December 2021 quarter were as follows:
Revenue of $4.23 billion.U.S. GAAP gross margin of 46.8%, U.S. GAAP operating income as a percentage of revenue of 31.7%, and U.S. GAAP diluted EPS of $8.44.Non-GAAP gross margin of 46.8%, non-GAAP operating income as a percentage of revenue of 32.0%, and non-GAAP diluted EPS of $8.53.... More