The company said revenue for the December 2023 quarter, which ended on December 24, 2023, was $3,758 million, compared with $3,482 million in the prior September 2023 quarter, a change of +7.9%.

1. 01

   The company said revenue for the December 2023 quarter, which ended on December 24, 2023, was $3,758 million, compared with $3,482 million in the prior September 2023 quarter, a change of +7.9%.

2. 02

   The company said its U.S. GAAP gross margin was 46.8% (47.5% in the prior quarter), its operating margin was 28.1% (29.4%), and its diluted EPS was $7.22 ($6.66).

3. 03

   Lam Research said cash and cash equivalents, short-term investments, and restricted cash and investments rose to $5.6 billion. It attributed the increase to operating cash flow of $1,454 million, which was partly offset by share repurchases of $645 million and dividends of $264 million.

4. 04

   The company gave guidance for the quarter ending March 31, 2024, with revenue of $3.7 Billion +/- $300 Million and U.S. GAAP diluted EPS of $6.90 +/- $0.75.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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