🔹 EPS: $0.92 (Est. $0.88) 🟢; UP +7% QoQ
🔹 Revenue: $4.38B (Est. $4.31B) 🟢; UP +16% YoY, +5% QoQ
🔹 Systems Revenue: $2.63B (Est. $2.77B) 🔴; UP +14% YoY
🔹 Customer Support-Related Revenue & Other: $1.75B (Est. $1.62B) 🟢; UP +20% YoY
🔹 Gross Profit Margin: 47.4% (Est. 46.98%) 🟢
🔹 Operating Income Margin: 30.5% (Est. 30.1%) 🟢
🔹 Net Income: $1.19B (Est. $1.14B) 🟢
Segment Breakdown
🔹 Systems Revenue: $2.63B (UP +14% YoY, +10% QoQ)
🔹 Customer Support-Related Revenue: $1.75B (UP +20% YoY, -1.4% QoQ)
Regional Performance
🔹 China: 31% of revenue
🔹 Korea: 25% of revenue
🔹 Taiwan: 17% of revenue
🔹 United States: 9% of revenue
🔹 Japan: 8% of revenue
🔹 Southeast Asia: 7% of revenue
🔹 Europe: 3% of revenue
Financial Metrics
🔹 Gross Profit: $2.07B (Est. $2.03B) 🟢
🔹 Operating Expenses: $739M (Est. $730M) 🔴
🔹 Cash, Cash Equivalents & Restricted Cash: $5.7B (-$400M QoQ)
🔹 Deferred Revenue: $2.03B (-$15M QoQ)
Q1'25 Outlook (March 2025)
🔹 Revenue: $4.65B ± $300M (Est. $4.34B) 🟢
🔹 Gross Margin: 48.0% ± 1% (Est. 47.00%) 🟢
🔹 Operating Margin: 32.0% ± 1% (Est. 30.1%) 🟢
🔹 EPS: $1.00 ± $0.10 (Est. $0.88) 🟢
CEO Tim Archer's Commentary
🔸 "Lam is executing at a high level at a pivotal moment for semiconductor manufacturing. Increasing demands on chip performance play into Lam's strengths, with advanced deposition and etch applications set to comprise a growing share of WFE."
🔸 "Our investments to win at key technology inflections are paying off, with more exciting opportunities ahead."