Lam Research Corporation (LRCX) CEO Tim Archer on Q2 2022 Results - Earnings Call Transcript

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Q2: 2022-01-26 Earnings Summary

EPS of $0.85 beats by $0.00
 | Revenue of $4.23B (22.29% Y/Y) misses by $188.09M

Lam Research Corporation (NASDAQ:LRCX) Q2 2022 Earnings Conference Call January 26, 2022 5:00 PM ET

Company Participants

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

Conference Call Participants

Harlan Sur - JPMorgan
Krish Sankar - Cowen & Company
C.J. Muse - Evercore
Stacy Rasgon - Bernstein Research
John Pitzer - Credit Suisse
Mark Lipacis - Jefferies
Joe Moore - Morgan Stanley
Patrick Ho - Stifel
Atif Malik - Citi

Operator

Good day and welcome to the Lam Research Corporation’s December Quarter 2021 Earnings Conference Call. At this time, I would like to turn the conference over to Tina Correia, Corporate Vice President, Corporate Finance and Investor Relations. Please go ahead, ma’am.

Tina Correia

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 we will review our financial results for the December 2021 quarter and our outlook for the March 2022 quarter. The press release detailing our financial results was distributed a little after 1 o’clock p.m. 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 include 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 GAAP and

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