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Lam Research — QSep22 Earnings Slides (company IR deck)
Lam Research (LRCX) · 23 slides · Filed Oct 21, 2026
Every slide of this earnings presentation, with the text as published. Open the original deck ↗ · All LRCX deck slides
Slide 1 — Corporation
Lam Research Corporation September quarter 202 financial results October 19, 202
Slide 2 — Cautionary statement regarding forward
LAM RESEARCH Cautionary statement regarding forward - loking statements This presentation and the accompanying discussion contain —forward - looking statements“ under U.S. secu Forward - lok ing statements include any statements that are not statements of historical fact. Examples of forward - loking statements include, b ut are not limited to: (1) anticipated busines, balance shet, cash flow and financial measures and results, including guidance, whethe r o n a GAP or non - GAP basis; (2) economic, market, industry and industry segment expectations; (3) product performance and changes in market share or customer demands; (4) our ability to sucesfuly execute busines, capital alocation, product and growth plans or strategie s, or otherwise deliver value for customers and stockholders; (5) the impact and expected duration of suply chain disruptions, and our abi lit y to mitigate them; (6) the impact of the COVID - 19 pandemic on our operations and financial results, and our ability to mitigate operational and busines impacts caused by it; and (7) the impact of trade regulations, export controls and trade disputes. Forward - loking statements s peak only as of the date they are made and are subject to risks and uncertainties that could cause actual results to difer materialy from t hos e expresed, including : trade regulations, export controls, trade disputes and other geopolitical tensions may inhibit our ability to sel our produc ts; suply chain disruptions or manufacturing capacity constraints may limit our ability to manufacture and sel our products ; busines , political and/or regulatory conditions in the consumer electronics industry, the semiconductor industry and the overal economy may deteriorat e o r change; the actions of our customers and competitors may be inconsistent with our expectations; the severity, magnitude and duration of t he COVID œ19 pandemic (and the related governmental, public health, busines and comunity responses to it), and their impacts on our busi nes s, results of operations and financial condition, are evolving and are highly uncertain and unpredictable; and widespread outbreaks of iln es may impact our operations and revenue in afected areas; as wel as the other factors discused in our filings with the Securities and E xch ange Commission (—SEC“), including specifically the Risk Factors descri œK for the fiscal year ende d June 26, 202. You should not place undue reliance on forward - loking statements. Lam undertakes no obligation to update any forward - lo oking statements.
Slide 3 — industry outlok
LAM RESEARCH Busines review & industry outlok Tim Archer President and Chief Executive Oficer
Slide 4 — September and December quarter takeaways
LAM RESEARCH September quarter revenues, margins, and EPS reflect continued strong execution Solid performance expected for December quarter December quarter guidance includes impact of new China export regulations September and December quarter takeaways EPS = earnings per share EPS calculated on a non - GAP basis. Reconciliations of U.S GAP results to non - GAP results can be found at the end of this pres entation
Slide 5 — WFE outlok
LAM RESEARCH WFE outlok CY 202 outlok in low $90B range; early view of 2023 sugests more than 20% decline from 202 CY 202 outlok inclusive of new China export regulations and lower demand partialy ofset by improving suply chain conditions Rapid deterioration in demand fundamentals, led by memory as customers adjust spending to normalize chanel inventories Customer actions to reduce memory bit suply growth create a favorable set up for memory WFE mix beyond CY 2023 WFE = wafer fabrication equipment CY = calendar year
Slide 6 — to capitalize on
LAM RESEARCH Lam is focused on key strategies to capitalize on structural WFE growth drivers Ensure instaled base of Lam tols is operating at maximum eficiency Sustain R&D investment critical to customers‘ long - term roadmaps Leverage global R&D and manufacturing infrastructure to acelerate inovation