Timothy Archer

“In the June quarter, LAM delivered record revenue, operating margin, and earnings per share. Sequential top-line growth was led by a doubling of NAND revenue from the prior quarter, underscoring the growing importance of storage to AI system performance.”

“Revenues and profitability came in at the upper end of our guided ranges. Our gross margins exceeded 50% for the first time since the merger of Lam and Novellus, and EPS hit a new high for the company.”

“In the June quarter, Lam delivered another set of solid results with revenues, profitability, and earnings per share, all coming in above the midpoint of our guidance.”

“Lam is off to a strong start in calendar 2024. With revenues, profitability, and earnings per share for the March quarter all exceeding the midpoint of our guidance.”

“Lam delivered strong performance in the December quarter. Revenues, gross margin, operating margin and EPS all above the midpoint of our guided ranges. Our results for December closed out calendar year 2023, in which Lam executed well amid a decline in overall wafer fabrication equipment spending.”