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 29, 2024 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 ...

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Shares of semiconductor manufacturing equipment company Lam Research (LRCX 8.69%) jumped on Thursday after the company reported financial results for its fiscal quarter that ended Dec. 29, 2024. As of 12:20 p.m. ET, Lam Research stock was up about 8%.Jumping right over a low bar of expectationsLam Research's management team had forecast revenue of around $4.3 billion for the most recent quarter. And it was on target with its guidance considering the company generated revenue of almost $4.4 billion. That was ...

Lam Research (LRCX) reported second-quarter fiscal 2025 results, wherein both top and bottom lines surpassed the Zacks Consensus Estimate.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.LRCX reported second-quarter fiscal 2025 non-GAAP earnings of 91 cents per share, which beat the Zacks Consensus Estimate by 4.6%. The bottom line increased 7% on a year-over-year basis, primarily driven by higher revenues due to robust demand in DRAM and Foundry Logic and disciplined cost and operatio ...

Lam Research (LRCX) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.60%. A quarter ago, it was expected that this semiconductor equipment maker would post earnings of $0.80 per share when it actually produced earnings of $0.86, delivering a surprise of 7.50%.Over the last four quart ...

Lam Research Corporation December quarter 2024 financial results January 29, 2025 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 and r ...

FREMONT, Calif., Jan. 29, 2025 /PRNewswire/ -- Lam Research Corporation (Nasdaq: LRCX) today announced that Aether®, its innovative dry photoresist technology, has been selected by a leading memory manufacturer as production tool of record for the most advanced DRAM processes. A breakthrough introduced by Lam in 2020, dry resist extends the resolution, productivity, and yield of Extreme Ultraviolet (EUV) lithography, a pivotal technology used in the production of next-generation semiconductor devices. Lam's ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Lam Research Corporation Reports Financial Results for the Quarter Ended December 29, 2024 FREMONT, Calif., January 29, 2025 - Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended December 29, 2024 (the "December 2024 quarter"). Highlights for the December 2024 quarter were as follows: Key Financial Data for the Quarters Ended December 29, 2024 and September 29, 2024 (in thousands, except per-share data, pe ...

Core Insights - Lam Research Corporation reported a revenue of $4.376 billion for the December 2024 quarter, representing a 5% increase from the previous quarter [1][2][3] - The gross margin as a percentage of revenue decreased to 47.4% from 48.0% in the previous quarter, while operating income as a percentage of revenue increased to 30.5% from 30.3% [1][2][3] - Diluted earnings per share (EPS) rose to $0.92, a 7% increase compared to $0.86 in the September 2024 quarter [1][2][3] Financial Performance - For the December 2024 quarter, U.S. GAAP net income was $1.191 billion, compared to $1.116 billion in the September 2024 quarter [2][3] - Non-GAAP net income for the same period was $1.175 billion, up from $1.122 billion in the previous quarter [3][10] - Operating expenses were reported at $739 million, slightly up from $738 million in the previous quarter [2][3] Revenue Breakdown - The geographic distribution of revenue for the December 2024 quarter was as follows: China (31%), Korea (25%), Taiwan (17%), United States (9%), Japan (8%), Southeast Asia (7%), and Europe (3%) [6] - Systems revenue for the quarter was $2.626 billion, while customer support-related revenue was $1.750 billion [7][8] Balance Sheet and Cash Flow - Cash, cash equivalents, and restricted cash decreased to $5.7 billion at the end of the December 2024 quarter from $6.1 billion at the end of the September 2024 quarter [4][16] - Deferred revenue decreased to $2.032 billion from $2.047 billion in the previous quarter [5] - The estimated future revenue from shipments to customers in Japan was approximately $453 million as of December 29, 2024 [5] Outlook - For the quarter ending March 30, 2025, the company provided guidance of revenue around $4.65 billion, with a gross margin percentage of 47.9% [9][10] - The expected diluted EPS for the upcoming quarter is projected to be $1.00 [9][10]

Lam Research Corporation (LRCX) is scheduled to release its second-quarter fiscal 2025 results on Jan. 29. The Zacks Consensus Estimate for earnings is pegged at 87 cents per share, calling for growth of 16% from the figure reported in the year-ago quarter. The earnings figure has been unchanged over the past 60 days.Image Source: Zacks Investment ResearchStay up-to-date with all quarterly releases: See Zacks Earnings Calendar.For the second quarter of fiscal 2025, the company expects revenues of $4.3 billi ...