Lam Research Q2 Earnings Miss, Shares Down 2%
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Lam Research Corporation Reports Financial Results for the Quarter Ended March 27, 2022
April 20, 2022 4:05 PM EDTFREMONT, Calif., April 20, 2022 (GLOBE NEWSWIRE) -- Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended March 27, 2022 (the March 2022 quarter).
Highlights for the March 2022 quarter were as follows:
Revenue of $4.06 billion.U.S. GAAP gross margin of 44.7%, U.S. GAAP operating income as a percentage of revenue of 29.4%, and U.S. GAAP diluted EPS of $7.30.Non-GAAP gross margin of 44.7%, non-GAAP operating income as a percentage of revenue of 29.4%, and non-GAAP diluted EPS of $7.40.... More