UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 26, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-12933 ___________________________________________________________ LAM RESEARCH CORPORATION (Exact name of registrant as specified ...

Lam Research Corporation (NASDAQ:LRCX) Q3 2023 Results Conference Call April 20, 2023 5:00 PM ET Company Participants Tina Correia - Vice President, Investor Relations and Corporate Finance Tim Archer - President and Chief Executive Officer Doug Bettinger - Executive Vice President and Chief Financial Officer Conference Call Participants C.J. News - Evercore Timothy Arcuri - UBS Krish Sankar - TD Cowen Joe Moore - Morgan Stanley Harlan Sur - JPMorgan Vivek Arya - Bank of America Securities Stacy Rasgon - Be ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 25, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-12933 ___________________________________________________________ LAM RESEARCH CORPORATION (Exact name of registrant as specifi ...

Summary of Lam Research Corporation Conference Call Company Overview - **Company**: Lam Research Corporation (NASDAQ:LRCX) - **Conference**: Credit Suisse 26th Annual Technology Conference - **Date**: November 29, 2022 Key Industry Insights - **Semiconductor Industry Growth**: The semiconductor industry is projected to reach a $1 trillion market by the end of the decade, with current revenues around $600 billion, indicating significant growth potential [7][24] - **Equipment Demand**: To support the anticipated industry growth, there will be a substantial increase in equipment purchases, leading to higher Wafer Fabrication Equipment (WFE) spending in the future [7][24] Company Position and Strategy - **Market Position**: Lam Research is well-positioned to capitalize on the evolving semiconductor landscape, particularly in NAND, DRAM, Foundry, and Logic markets. The company expects to increase its share of WFE over time due to its unique capabilities [8][24] - **3D Technology**: The company is focusing on enabling the architectural evolution of the semiconductor industry, particularly with 3D technologies [8][24] Financial Outlook - **WFE Projections**: For fiscal year 2023, Lam Research anticipates WFE to decline by more than 20%, with memory spending expected to decrease more significantly than foundry and logic [11][12] - **Memory Market Dynamics**: The memory segment is facing challenges due to inventory build-up and reduced consumer demand, leading to decreased investment in equipment [11][41] Product Development and Innovations - **New Etch Platform**: Lam Research is excited about its new etch platform, Sense.i, which is designed to meet the industry's evolving needs and is expected to drive market share gains in the coming years [20][22] - **Complexity in Manufacturing**: The increasing complexity of semiconductor architectures is driving demand for Lam's equipment, particularly in 3D NAND and DRAM applications [17][18] Supply Chain and Regionalization - **Supply Chain Improvements**: The company has seen incremental improvements in its supply chain, particularly with its Malaysian factory helping to alleviate some constraints [31][32] - **Regionalization Impact**: The regionalization of semiconductor production is expected to increase equipment demand as new fabs are built in various locations, although the overall demand for semiconductors remains the primary driver [26][27] Challenges and Risks - **China Export Restrictions**: New export restrictions on semiconductor technology to China are expected to reduce Lam's revenue by approximately $2.5 billion, posing a significant challenge for the company [36][37] - **Economic Uncertainty**: The semiconductor industry is cyclical, and while investment is expected to rebound eventually, the timing is uncertain and heavily influenced by macroeconomic conditions [41][43] Financial Management and Capital Allocation - **Cash Flow Strategy**: Lam Research plans to return 75% to 100% of its free cash flow to shareholders, with expectations of strong cash generation even in a declining business environment [60][61] - **Gross Margin Considerations**: The company faces mixed pressures on gross margins due to the loss of China business, inflationary headwinds, and fixed costs associated with production [58][59] Conclusion - **Resilience in Customer Support Business**: The Customer Support Business Group (CSBG) is expected to remain resilient during downturns, providing a stable revenue stream through spare parts and service [63][64] - **Long-term Outlook**: Despite short-term challenges, Lam Research maintains a positive long-term outlook for the semiconductor industry and its own growth trajectory [24][63]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 25, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-12933 ___________________________________________________________ LAM RESEARCH CORPORATION (Exact name of registrant as specified in its ...

Lam Research Corporation (NASDAQ:LRCX) Q1 2023 Earnings Conference Call October 19, 2022 5:00 PM ET Company Participants Tina Correia - Investor Relations Tim Archer - President and Chief Executive Officer Doug Bettinger - Executive Vice President and Chief Financial Officer Conference Call Participants Jason Park - UBS Harlan Sur - JPMorgan C.J. Muse - Evercore Stacy Rasgon - Bernstein Research Krish Sankar - Cowen & Company Joe Moore - Morgan Stanley Toshiya Hari - Goldman Sachs Vivek Arya - Bank of Ameri ...

Lam Research Corporation September quarter 2022 financial results October 19, 2022 Cautionary statement regarding forward-looking statements This presentation and the accompanying discussion contain "forward-looking statements" under U.S. securities laws. Forward-looking statements include any statements that are not statements of historical fact. Examples of forward-looking statements include, but are not limited to: (1) anticipated business, balance sheet, cash flow and financial measures and results, inc ...

Lam Research Corporation (NASDAQ:LRCX) Evercore ISI 2nd Annual Technology, Media & Telcom Conference 2022 September 7, 2022 10:15 AM ET Company Participants C.J. Muse - Evercore Conference Call Participants Doug Bettinger - EVP & CFO C.J. Muse It's time to get started. My name is C.J. Muse with Evercore ISI Semiconductor -- Semiconductor Equipment Analyst. Thank you all for coming. Very pleased to have Lam Research; Doug Bettinger, EVP and CFO with us and thank you for coming. Doug Bettinger Awesome C.J. Th ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 26, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 0-12933 LAM RESEARCH CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...

Lam Research Corporation June quarter 2022 financial results July 27, 2022 Cautionary statement regarding forward-looking statements This presentation and the accompanying discussion contain "forward-looking statements" under U.S. securities laws. Forward-looking statements include any statements that are not statements of historical fact. Examples of forward-looking statements include, but are not limited to: (1) anticipated business, balance sheet, cash flow and financial measures and results, including g ...