Investor Presentaiton

WFE outlook LAM RESEARCH CY = calendar year WFE =wafer fabrication equipment HBM high bandwidth memory CY 2023 WFE in the $80B range Changed from our prior view of mid-$70B based on updated checks on non-Lam related markets and restricted fab spending in China No impact to Lam revenue assumptions NAND: Customers reduced spending, lowered utilizations to drive faster path to supply/demand balance DRAM: Spending up modestly relative to prior view driven by HBM-related demand and China upside Foundry/logic: Down slightly versus prior baseline on weakness in leading edge and non-China mature node spending

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