Lam Research (LRCX) Tops Q1 EPS by 3c; Issues Solid Outlook
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Lam Research Corporation Reports Financial Results for the Quarter Ended September 25, 2016
October 19, 2016 4:05 PM EDTFREMONT, Calif., Oct. 19, 2016 (GLOBE NEWSWIRE) -- Lam Research Corp. (Nasdaq: LRCX) today announced financial results for the quarter ended September 25, 2016 (the "September 2016 quarter").
Highlights for the September 2016 quarter were as follows:
Shipments of $1,708 million and revenue of $1,632 million.GAAP gross margin of 43.9%, GAAP operating margin of 19.4%, and GAAP diluted EPS of $1.47.Non-GAAP gross margin of 45.2%, non-GAAP operating margin of 22.4%, and non-GAAP diluted EPS of $1.81.... More