Press release
Lam Research Corporation Reports Financial Results for the Quarter Ended June 29, 2025
FREMONT, Calif., July 30, 2025 /PRNewswire/ -- Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the
About this update from Lam Research Corporation
[{"type":"text","content":"FREMONT, Calif., July 30, 2025 /PRNewswire/ -- Lam Research Corporation (the \"Company,\" \"Lam,\" \"Lam Research\") today announced financial results for the quarter ended June 29, 2025 (the \"June 2025 quarter\").\nHighlights for the June 2025 quarter were as follows:\nRevenue of $5.17 billion.U.S. GAAP gross margin of 50.1%, U.S. GAAP operating income as a percentage of revenue of 33.7%, and U.S. GAAP diluted EPS of $1.35.Non-GAAP gross margin of 50.3%, non-GAAP operating income as a percentage of revenue of 34.4%, and non-GAAP diluted EPS of $1.33.Key Financial Data for the Quarters Ended June 29, 2025 and March 30, 2025 (in thousands, except per-share data, percentages, and basis points) \nU.S. GAAP\nJune 2025\nMarch 2025\nChange Q/Q\nRevenue\n$ 5,171,393\n$ 4,720,175\n+9.6 %\nGross margin as percentage of revenue\n50.1 %\n49.0 %\n+ 110 bps \nOperating income as percentage of revenue\n33.7 %\n33.1 %\n+ 60 bps\nDiluted EPS\n$ 1.35\n$ 1.03\n+31.1 %\nNon-GAAP\nJune 2025\nMarch 2025\nChange Q/Q\nRevenue\n$ 5,171,393\n$ 4,720,175\n+9.6 %\nGross margin as percentage of revenue\n50.3 %\n49.0 %\n+ 130 bps\nOperating income as percentage of revenue\n34.4 %\n32.8 %\n+ 160 bps\nDiluted EPS\n$ 1.33\n$ 1.04\n+27.9 %\nU.S. GAAP Financial Results\nFor the June 2025 quarter, revenue was $5,171 million, gross margin was $2,590 million, or 50.1% of revenue, operating expenses were $849 million, operating income was 33.7% of revenue, and net income was $1,720 million, or $1.35 per diluted share on a U.S. GAAP basis. This compares to revenue of $4,720 million, gross margin of $2,314 million, or 49.0% of revenue, operating expenses of $752 million, operating income of 33.1% of revenue, and net income of $1,331 million, or $1.03 per diluted share, for the quarter ended March 30, 2025 (the \"March 2025 quarter\").\nNon-GAAP Financial Results\nFor the June 2025 quarter, non-GAAP gross margin was $2,601 million, or 50.3% of revenue, non-GAAP operating expenses were $822 million, non-GAAP operating income was 34.4% of revenue, and non-GAAP net income was $1,698 million, or $1.33 per diluted share. This compares to non-GAAP gross margin of $2,312 million, or 49.0% of revenue, non-GAAP operating expenses of $763 million, non-GAAP operating income of 32.8% of revenue, and non-GAAP net income of $1,336 million, or $1.04 per diluted share, for the March ...