Lam Research (LRCX) Tops Q3 EPS by 8c; Issues Solid Outlook
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Lam Research Corporation Reports Financial Results for the Quarter Ended March 27, 2016
April 20, 2016 4:05 PM EDTFREMONT, CA -- (Marketwired) -- 04/20/16 -- Lam Research Corp. (NASDAQ: LRCX) today announced financial results for the quarter ended March 27, 2016 (the "March 2016 quarter").
Highlights for the March 2016 quarter were as follows:
Shipments of $1,446 million and revenue of $1,314 million. GAAP gross margin of 43.5%, GAAP operating margin of 14.5%, and GAAP diluted EPS of $0.82. Non-GAAP gross margin of 45.1%, non-GAAP operating margin of 18.4%, and non-GAAP diluted EPS of $1.18. Key Financial Data for the Quarters Ended March 27, 2016 and December 27, 2015 (in thousands, except per-share data, percentages, and basis points) U.S. GAAP --------------------------------------------------------------------------- March 2016 December 2015 Change Q/Q ------------- -------------- ------------- Shipments $... More