🔹 Revenue: $5.324B (Est. $5.23B) 🟢; UP +28% YoY
🔹 EPS (GAAP): $1.24 (Est. $1.22) 🟢
Guidance (Dec 2025 Quarter)
🔹 Revenue: $5.20B ± $300M
🔹 Gross Margin (Non-GAAP): 48.5% ± 1%
🔹 Operating Margin (Non-GAAP): 33.0% ± 1%
🔹 Diluted EPS (Non-GAAP): $1.15 ± $0.10
🔹 Diluted Share Count: 1.26B
Segment
🔹 Systems Revenue: $3.548B; UP +48% YoY
🔹 Customer Support & Other: $1.777B; ~FLAT YoY
Other Metrics
🔹 Gross Margin (GAAP): 50.4%; +30 bps Q/Q
🔹 Operating Margin (GAAP): 34.4%; +70 bps Q/Q
🔹 Diluted EPS (Non-GAAP): $1.26; -5% Q/Q
🔹 Cash, Cash Equivalents & Restricted Cash: $6.7B (vs. $6.4B Q/Q)
🔹 Deferred Revenue: $2.77B (vs. $2.68B Q/Q)
🔹 Revenue by Region: China 43%, Taiwan 19%, Korea 15%, Japan 10%, U.S. 6%, SE Asia 5%, Europe 2%
CEO Commentary
🔸 “Lam’s innovations are helping our customers address major AI-driven semiconductor manufacturing inflections.”
🔸 “We are executing well in an environment of tremendous opportunity… strongly positioned for continued growth.”