Lam Research Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended March 27, 2022
April 20, 2022 at 04:05 pm EDT
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Lam Research Corporation reported earnings results for the third quarter and nine months ended March 27, 2022. For the third quarter, the company reported sales was USD 4,060.42 million compared to USD 3,847.65 million a year ago. Net income was USD 1,021.78 million compared to USD 1,071.12 million a year ago. Basic earnings per share from continuing operations was USD 7.34 compared to USD 7.51 a year ago. Diluted earnings per share from continuing operations was USD 7.3 compared to USD 7.41 a year ago.
For the nine months, sales was USD 12,591.49 million compared to USD 10,480.97 million a year ago. Net income was USD 3,396.35 million compared to USD 2,763.8 million a year ago. Basic earnings per share from continuing operations was USD 24.17 compared to USD 19.2 a year ago. Diluted earnings per share from continuing operations was USD 24.02 compared to USD 18.94 a year ago.
Lam Research Corporation specializes in the design, production, and marketing of equipment for the manufacturing of integrated circuits intended for the semiconductor industry.
Net sales are distributed geographically as follows: the United States (9.5%), China (25.6%), Korea (20.4%), Taiwan (20%), Japan (10.1%), Asia (7.8%) and Europe (6.6%).
LAM RESEARCH CORPORATION 
