Lam Research said it reported March 2025 quarter revenue of $4.72 billion and U.S. GAAP diluted EPS of $1.03. For the December 2024 quarter, revenue was $4,376 million and diluted EPS was $0.92.

1. 01

   Lam Research said it reported March 2025 quarter revenue of $4.72 billion and U.S. GAAP diluted EPS of $1.03. For the December 2024 quarter, revenue was $4,376 million and diluted EPS was $0.92.

2. 02

   The company said its U.S. GAAP gross margin was 49.0% and its operating income as a percentage of revenue was 33.1% for the March 2025 quarter. It added that the figures for the prior quarter were 47.4% and 30.5%, respectively, a change of +160 basis points and +260 basis points quarter over quarter.

3. 03

   Cash, cash equivalents and restricted cash fell to $5.5 billion as of the end of March from $5.7 billion at the end of the prior quarter, the company said. It cited cash used for capital return activities, principal payments on debt and capital expenditures as the reasons for the decline, which were partly offset by cash generated from operating activities.

4. 04

   The company gave guidance for the quarter ending June 29, 2025, calling for revenue of $5.00 Billion (+/- $300 Million) and U.S. GAAP diluted earnings per share of $1.20 (+/- $0.10). It said U.S. GAAP gross margin is expected at 49.4% (+/- 1%).

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Original filing

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