Lam Research Corporation (LRCX) CEO Tim Archer on Q4 2020 Results - Earnings Call Transcript

Jul. 30, 2020 12:11 AM ETLam Research Corporation (LRCX) StockLRCX
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Q4: 2020-07-29 Earnings Summary

EPS of $0.48 beats by $0.07
 | Revenue of $2.79B (18.24% Y/Y) beats by $108.79M

Lam Research Corporation (NASDAQ:LRCX) Q4 2020 Results Conference Call July 29, 2020 5:00 PM ET

Company Participants

Tina Correia - Corporate Vice President, Investor Relations
Tim Archer - President & Chief Executive Officer
Doug Bettinger - Executive Vice President & Chief Financial Officer

Conference Call Participants

Timothy Arcuri - UBS
C.J. Muse - Evercore ISI
Harlan Sur - J.P. Morgan
John Pitzer - Credit Suisse
Krish Sankar - Cowen & Company
Toshiya Hari - Goldman Sachs
Blayne Curtis - Barclays
Vivek Arya - Bank of America Merrill Lynch
Mehdi Hosseini - SIG
Joe Moore - Morgan Stanley
Joe Quatrochi - Wells Fargo
Weston Twigg - KeyBanc Capital Markets

Operator

Good day and welcome to Lam Research's June Quarter Earnings Conference Call. At this time, I would like to turn the conference over to Tina Correia. Please go ahead, ma'am.

Tina Correia

Thank you, operator. Thank you and good afternoon, everyone. Welcome to the Lam Research quarterly earnings conference call. With me today are Tim Archer, President and Chief Executive Officer; and Doug Bettinger, Executive Vice President and Chief Financial Officer.

During today's call, we will share our overview on the business environment and review our financial results for the June 2020 quarter and our outlook for the September 2020 quarter. The press release detailing our financial results was distributed a little after 1 o'clock PM, Pacific Time this afternoon. The release can also be found on the Investor Relations section of the company's website along with the presentation slides that accompany today's call. Today's presentation and Q&A includes forward-looking statements that are subject to risks and uncertainties, reflected in the risk factors disclosed in our SEC public filings. Please see accompanying slides in the presentation for additional information. Today's discussion of our financial results will be presented on a non-GAAP financial basis unless otherwise specified. A detailed reconciliation between

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