Investor Presentaiton
Appendix - reconciliation
Reconciliation of U.S. GAAP Gross Margin, Operating Expenses and Operating Income to Non-GAAP Gross Margin, Operating Expenses and Operating Income
(in thousands, except percentages)
(unaudited)
U.S. GAAP gross margin
Pre-tax non-GAAP items:
Amortization related to intangible assets acquired through certain business combinations
EDC related liability valuation (decrease) increase
Restructuring charges, net
Product rationalization
Transformational costs
Non-GAAP gross margin
U.S. GAAP gross margin as a percentage of revenue
Non-GAAP gross margin as a percentage of revenue
U.S. GAAP operating expenses
Pre-tax non-GAAP items:
Amortization related to intangible assets acquired through certain business combinations
EDC related liability valuation decrease (increase)
Restructuring charges, net
Product rationalization
Transformational costs
Non-GAAP operating expenses
U.S. GAAP operating income
Non-GAAP operating income
U.S. GAAP operating income as percent of revenue
Non-GAAP operating income as a percent of revenue
LAM RESEARCH
Three Months Ended
September 24,
June 25,
2023
2023
1,654,702
1,458,129
3,149
3,093
(591)
4,288
7,940
11,446
(13,383)
4,269
1,669,469
1,634
47.5 %
1,465,207
45.5 %
47.9 %
45.7 %
631,673
603,524
(1,186)
(1,395)
1,773
(12,865)
(2,021)
(1,742)
6,686
(8,020)
(4,294)
$
622,219
589,914
$
1,023,029 $
854,605
1,047,250
875,293
29.4 %
26.6 %
30.1 %
27.3 %View entire presentation