Sector • Capital Goods Industry • Industrial Machinery and Components |
Industry • Industrial Machinery and Components |
Sector • Capital Goods |
Strong results by the during the financial interval closing Sep 25 2022
LRCX delivered first quarter of 2023 operating profit of $1697.84 millions
Published Oct 26 2022
CSIMarket Team / CSIMarket.com
Income per share surged from the prior reporting period by 18.87 % from $8.74 per share, Revenues advanced by 9.461 % from $4.64 billions.
Net income of $1,425.879 millions in the July to September 25 2022 span increased by 20.86 % from net earnings of $1,179.744 millions reported in the July to September 25 2022 span a year ago. Lam Research Corporation also emphasized it's improving profit margins, where net margin rose to 28.1% in July to September 25 2022 span, and operating margin edged up to 33.46%.
Operating earnings, however, rose 23.73% to $1697.84 millions.
Lam Research Corporation is expected to report next financial results on April 25, 2023.
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