AI English summary of an SEC filing — figures as filed
Lam Research LRCXThe company said it reported revenue of $5.34 billion, U.S. GAAP gross margin of 49.6%, operating margin of 33.9% and diluted EPS of $1.26 for the quarter ended December 28, 2025, which is the December 2025 quarter. For the prior quarter, the September 2025 quarter, the figures were 50.4%, 34.4% and $1.24, respectively.
Key points
AI summaryThe company said it reported revenue of $5.34 billion, U.S. GAAP gross margin of 49.6%, operating margin of 33.9% and diluted EPS of $1.26 for the quarter ended December 28, 2025, which is the December 2025 quarter. For the prior quarter, the September 2025 quarter, the figures were 50.4%, 34.4% and $1.24, respectively.
Lam Research said Systems revenue for the December 2025 quarter was $3,357,493 thousand and customer support-related revenue and other was $1,987,298 thousand. In the prior quarter, the figures were $3,547,565 thousand and $1,776,608 thousand, respectively.
The company said cash, cash equivalents and restricted cash decreased to $6.2 billion at the end of the December 2025 quarter from $6.7 billion at the end of the prior quarter. It attributed the decrease mainly to cash used for capital returns and capital expenditures. Cash generated from operating activities in the quarter was $1,480,045 thousand, and treasury stock purchases were $1,466,155 thousand.
The company provided guidance for the quarter ending March 29, 2026, calling for revenue of $5.70 Billion +/- $300 Million, U.S. GAAP gross margin of 49.0% +/- 1%, operating margin of 33.9% +/- 1%, and diluted EPS of $1.35 +/- $0.10.
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.
Lam Research QDecember 2025 Revenue, Margins and Diluted EPS
The company said it reported revenue of $5.34 billion, U.S. GAAP gross margin of 49.6%, operating margin of 33.9% and diluted EPS of $1.26 for the quarter ended December 28, 2025, which is the December 2025 quarter. For the prior quarter, the September 2025 quarter, the figures were 50.4%, 34.4% and $1.24, respectively.
Source · Based on the filing body and exhibits
Systems Revenue and Customer Support-Related Revenue Mix
Lam Research said Systems revenue for the December 2025 quarter was $3,357,493 thousand and customer support-related revenue and other was $1,987,298 thousand. In the prior quarter, the figures were $3,547,565 thousand and $1,776,608 thousand, respectively.
Source · Based on the filing body and exhibits
Lower Cash Balance, Operating Cash Flow and Share Repurchases
The company said cash, cash equivalents and restricted cash decreased to $6.2 billion at the end of the December 2025 quarter from $6.7 billion at the end of the prior quarter. It attributed the decrease mainly to cash used for capital returns and capital expenditures. Cash generated from operating activities in the quarter was $1,480,045 thousand, and treasury stock purchases were $1,466,155 thousand.
Source · Based on the filing body and exhibits
Company Guidance for the Quarter Ending March 2026
The company provided guidance for the quarter ending March 29, 2026, calling for revenue of $5.70 Billion +/- $300 Million, U.S. GAAP gross margin of 49.0% +/- 1%, operating margin of 33.9% +/- 1%, and diluted EPS of $1.35 +/- $0.10.
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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