Highlights for the March 2014 quarter were as follows:
- Shipments of $1,264 million, up 11% from the prior quarter
- Revenue of $1,227 million, up 10% from the prior quarter
- GAAP gross margin of 43.2%, GAAP operating margin of 15.6% and GAAP diluted EPS of $0.96
- Non-GAAP gross margin of 45.5%, non-GAAP operating margin of 20.2%, and non-GAAP diluted EPS of $1.26
Lam Research Corporation
Financial Highlights for the Quarters Ended March 30, 2014 and December 29,
2013
(in thousands, except per share data and percentages)
U.S. GAAP
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December Change
March 2014 2013 Q/Q
---------- ------------ ---------
Revenue $1,227,392 $ 1,116,061 +10%
Gross margin as percentage of revenue 43.2% 43.7% -50 bps
Operating margin as percentage of
revenue 15.6% 14.7% +90 bps
Diluted EPS $ 0.96 $ 0.87 +10%
Non-GAAP
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December Change
March 2014 2013 Q/Q
---------- ------------ ---------
Revenue $1,227,392 $ 1,116,061 +10%
Gross margin as percentage of revenue 45.5% 45.8% -30 bps
Operating margin as percentage of
revenue 20.2% 18.7% +150 bps
Diluted EPS $ 1.26 $ 1.10 +15%
