The company said revenue for the March 2024 quarter was $3,794 million, with U.S. GAAP gross margin of 47.5%, operating margin of 27.9% and diluted EPS of $7.34. Revenue for the prior December 2023 quarter was $3,758 million, with diluted EPS of $7.22.

1. 01

   The company said revenue for the March 2024 quarter was $3,794 million, with U.S. GAAP gross margin of 47.5%, operating margin of 27.9% and diluted EPS of $7.34. Revenue for the prior December 2023 quarter was $3,758 million, with diluted EPS of $7.22.

2. 02

   Lam Research said non-GAAP gross margin for the March 2024 quarter was 48.7%, non-GAAP operating margin was 30.3% and non-GAAP diluted EPS was $7.79. The March quarter had 14 weeks, and the December 2023 quarter had 13 weeks.

3. 03

   Lam Research said operating cash flow for the March 2024 quarter was $1,385 million. It said it spent $981 million on share repurchases, including net share settlement of employee stock-based compensation, and $263 million on dividends. Cash and cash equivalents, short-term investments, and restricted cash and investments totaled $5.7 billion.

4. 04

   For the quarter ended June 30, 2024, the company guided to revenue of $3.8 billion (plus or minus $300 million), U.S. GAAP diluted EPS of $7.20 (plus or minus $0.75) and non-GAAP diluted EPS of $7.50 (plus or minus $0.75). It expects a diluted share count of 131 million.

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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