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the Industrial Machinery and Components company had impressive first quarter of 2022 financial report, where net profit per share advanced by 25.63 % to $10.39 per share, followed by Revenue rise of 17.88 % to $
5.07 billions, compared with the prior year period.
Income per share grew from the prior quarter 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 first quarter of 2022 increased by 20.86 % from net earnings of $1,179.744 millions reported in the first quarter of 2022 a year ago. Lam Research Corporation also emphasized it's improving profit margins, where net margin rose to 28.1% in first quarter of 2022, 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 earnings on January 31, 2023.