AI English summary of an SEC filing — figures as filed
Lam Research LRCXThe company said revenue for the June 2024 quarter was $3,871,507 thousand, with U.S. GAAP diluted EPS of $7.78 and non-GAAP diluted EPS of $8.14. Revenue for the March 2024 quarter was $3,793,558 thousand. The March quarter included 14 weeks, and the June 2024 quarter included 13 weeks.
Key points
AI summaryThe company said revenue for the June 2024 quarter was $3,871,507 thousand, with U.S. GAAP diluted EPS of $7.78 and non-GAAP diluted EPS of $8.14. Revenue for the March 2024 quarter was $3,793,558 thousand. The March quarter included 14 weeks, and the June 2024 quarter included 13 weeks.
Lam Research said its U.S. GAAP gross margin for the June 2024 quarter was 47.5%, the same as in the March 2024 quarter. Its operating margin was 29.1%, up 120 basis points from 27.9%. Non-GAAP gross margin was 48.5% (48.7% in the prior quarter), and non-GAAP operating margin was 30.7% (30.3%).
The company said operating cash flow of $862.4 million for the June 2024 quarter was offset by $373.6 million of share repurchases, including net share settlement of employee stock-based compensation, $261.5 million of dividends paid, and $100.7 million of capital expenditures. Cash, cash equivalents and restricted cash totaled $5.9 billion.
Lam Research gave guidance for the quarter ending September 29, 2024: revenue of $4.05 billion (+/- $300 million), U.S. GAAP diluted EPS of $7.97 (+/- $0.75), non-GAAP diluted EPS of $8.00 (+/- $0.75), and a diluted share count of 131 million.
Summary
AI-writtenAnalysis 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.
June 2024 quarter revenue and EPS
The company said revenue for the June 2024 quarter was $3,871,507 thousand, with U.S. GAAP diluted EPS of $7.78 and non-GAAP diluted EPS of $8.14. Revenue for the March 2024 quarter was $3,793,558 thousand. The March quarter included 14 weeks, and the June 2024 quarter included 13 weeks.
Source · Based on the filing body and exhibits
Gross margin and operating margin
Lam Research said its U.S. GAAP gross margin for the June 2024 quarter was 47.5%, the same as in the March 2024 quarter. Its operating margin was 29.1%, up 120 basis points from 27.9%. Non-GAAP gross margin was 48.5% (48.7% in the prior quarter), and non-GAAP operating margin was 30.7% (30.3%).
Source · Based on the filing body and exhibits
Cash flow and shareholder returns
The company said operating cash flow of $862.4 million for the June 2024 quarter was offset by $373.6 million of share repurchases, including net share settlement of employee stock-based compensation, $261.5 million of dividends paid, and $100.7 million of capital expenditures. Cash, cash equivalents and restricted cash totaled $5.9 billion.
Source · Based on the filing body and exhibits
Outlook for the September 2024 quarter
Lam Research gave guidance for the quarter ending September 29, 2024: revenue of $4.05 billion (+/- $300 million), U.S. GAAP diluted EPS of $7.97 (+/- $0.75), non-GAAP diluted EPS of $8.00 (+/- $0.75), and a diluted share count of 131 million.
Source · Based on the filing body and exhibits
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
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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