Lam Research (NasdaqGS:LRCX) FY 2025 Annual General Meeting November 04, 2025 12:30 PM ET Company ParticipantsAva Hahn - SVP and Chief Legal OfficerRam Ganesh - VP of Investor RelationsTim Archer - CEOAbhi Talwalkar - Chairman of the Board of DirectorsNone - Company RepresentativeAbhi TalwalkarI am Abhi Talwalkar, Chair of the Board of Directors of Lam Research Corporation. It is my pleasure to welcome you to the 2025 Annual Meeting of Stockholders. The purpose of this meeting is to vote on six items identi ...

Lam Research (NasdaqGS:LRCX) FY 2025 Annual General Meeting November 04, 2025 12:30 PM ET Company ParticipantsAva Hahn - SVP and Chief Legal OfficerRam Ganesh - VP of Investor RelationsTim Archer - CEOAbhi Talwalkar - Chairman of the Board of DirectorsNone - Company RepresentativeAbhi TalwalkarI am Abhi Talwalkar, Chair of the Board of Directors of Lam Research Corporation. It is my pleasure to welcome you to the 2025 Annual Meeting of Stockholders. The purpose of this meeting is to vote on six items identi ...

Financial Data and Key Metrics Changes - The company reported a quorum of 1,261,032,300 shares of common stock outstanding, with approximately 86.3% represented by proxy during the meeting [4] - All 11 nominees for the Board of Directors were elected, and the advisory vote on executive compensation was approved [14] Business Line Data and Key Metrics Changes - The company did not provide specific updates on business line performance during the meeting, focusing instead on the proposals and voting outcomes [5][14] Market Data and Key Metrics Changes - The company anticipates strong demand for semiconductors to continue driving global growth in manufacturing, with demand increases expected across every region [19] Company Strategy and Development Direction - The company highlighted its focus on deposition and etch technology, which aligns with the critical technical changes in semiconductor manufacturing [20] - Growth is expected to be driven by vertical scaling and increased etch and deposition intensity as leading-edge customers move towards more complex devices [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the global nature of the business and the anticipated demand for semiconductors through 2030 and beyond [19] - The company emphasized the importance of its product portfolio in meeting the evolving needs of semiconductor manufacturing [20] Other Important Information - A stockholder proposal regarding the ability to call a special shareholder meeting was presented but ultimately not approved [14] Q&A Session Summary Question: What is Lam's exposure to foreign sales? - Management confirmed that the company has significant customers outside of the U.S., which are among its largest [17] Question: What are Lam's biggest growth drivers? - Management identified critical technical changes in semiconductor manufacturing as key growth drivers, particularly in deposition and etch technology [20]