Lam Research Corporation reported revenue of $8.22 billion for the quarter ended Sept. 27, up 22% from the previous quarter, following its June-quarter revenue report. Net income under U.S. generally accepted accounting principles was $2.75 billion, or $2.19 per diluted share; non-GAAP diluted EPS was $2.20. The company said revenue, profit and earnings per share reached records.
Chief Executive Tim Archer linked demand to AI and rising device complexity, and said the company’s operational execution helped produce the quarter’s results. Lam said it expects revenue of $8.60 billion, plus or minus $400 million, for the quarter ending Dec. 27. Its outlook also calls for gross margin of 52.5%, plus or minus 1 percentage point, operating margin of 40.5%, plus or minus 1 percentage point, and diluted EPS of $2.33, plus or minus $0.15.
Systems revenue reached $5.73 billion, while customer support-related revenue and other totaled $2.49 billion. China accounted for 35% of revenue, followed by Korea at 20% and Taiwan at 18%.
