Lam Research Corporation reported financial results for Q4 FY2024 ended June 30. Revenue reached $3.87 billion, up 2.1% QoQ. Non-GAAP EPS was $8.14, increasing 4.5% QoQ. Gross margin stood at 48.5% on a non-GAAP basis.The company's customer support business saw continued growth. Lam is making strategic R&D and operational investments to position itself for outperformance in an anticipated multi-year period of strong wafer fab equipment spending.For Q1 FY2025, Lam projects revenue of $4.05 billion ±$300 million and non-GAAP EPS of $8.00 ±$0.75. The company maintains a strong balance sheet with $5.9 billion in cash and cash equivalents.

Lam Research Corporation reported financial results for Q4 FY2024 ended June 30. Revenue reached $3.87 billion, up 2.1% QoQ. Non-GAAP EPS was $8.14, increasing 4.5% QoQ. Gross margin stood at 48.5% on a non-GAAP basis.The company's customer support business saw continued growth. Lam is making strategic R&D and operational investments to position itself for outperformance in an anticipated multi-year period of strong wafer fab equipment spending.For Q1 FY2025, Lam projects revenue of $4.05 billion ±$300 million and non-GAAP EPS of $8.00 ±$0.75. The company maintains a strong balance sheet with $5.9 billion in cash and cash equivalents.