Press release
Lam Research Corporation Reports Financial Results for the Quarter Ended March 30, 2025
FREMONT, Calif., April 23, 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., April 23, 2025 /PRNewswire/ -- Lam Research Corporation (the \"Company,\" \"Lam,\" \"Lam Research\") today announced financial results for the quarter ended March 30, 2025 (the \"March 2025 quarter\").\n\nHighlights for the March 2025 quarter were as follows:\nRevenue of $4.72 billion.U.S. GAAP gross margin of 49.0%, U.S. GAAP operating income as a percentage of revenue of 33.1%, and U.S. GAAP diluted EPS of $1.03.Non-GAAP gross margin of 49.0%, non-GAAP operating income as a percentage of revenue of 32.8%, and non-GAAP diluted EPS of $1.04.Key Financial Data for the Quarters Ended \nMarch 30, 2025 and December 29, 2024 \n(in thousands, except per-share data, percentages, and basis points) \n \nU.S. GAAP\nMarch 2025\nDecember 2024\nChange Q/Q\nRevenue\n$ 4,720,175\n$ 4,376,047\n+ 8 %\nGross margin as percentage of revenue\n49.0 %\n47.4 %\n+ 160 bps\nOperating income as percentage of revenue\n33.1 %\n30.5 %\n+ 260 bps\nDiluted EPS\n$ 1.03\n$ 0.92\n+ 12 %\nNon-GAAP\nMarch 2025\nDecember 2024\nChange Q/Q\nRevenue\n$ 4,720,175\n$ 4,376,047\n+ 8 %\nGross margin as percentage of revenue\n49.0 %\n47.5 %\n+ 150 bps\nOperating income as percentage of revenue\n32.8 %\n30.7 %\n+ 210 bps\nDiluted EPS\n$ 1.04\n$ 0.91\n+ 14 %\n \nU.S. GAAP Financial Results\nFor the March 2025 quarter, revenue was $4,720 million, gross margin was $2,314 million, or 49.0% of revenue, operating expenses were $752 million, operating income was 33.1% of revenue, and net income was $1,331 million, or $1.03 per diluted share on a U.S. GAAP basis. This compares to revenue of $4,376 million, gross margin of $2,073 million, or 47.4% of revenue, operating expenses of $739 million, operating income of 30.5% of revenue, and net income of $1,191 million, or $0.92 per diluted share, for the quarter ended December 29, 2024 (the \"December 2024 quarter\").\nNon-GAAP Financial Results\nFor the March 2025 quarter, non-GAAP gross margin was $2,312 million, or 49.0% of revenue, non-GAAP operating expenses were $763 million, non-GAAP operating income was 32.8% of revenue, and non-GAAP net income was $1,336 million, or $1.04 per diluted share. This compares to non-GAAP gross margin of $2,077 million, or 47.5% of revenue, non-GAAP operating expenses of $735 million, non-GAAP operating income of 30.7% of revenue, and non-GAAP net income of $1,175 million, or $0.91 p...