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) Three Months Ended Pre-tax non-GAAP items: U.S. GAAP gross margin Amortization related to intangible assets acquired through certain business combinations EDC related liability valuation increase Restructuring charges, net Product rationalization Transformational costs Non-GAAP gross margin U.S. GAAP gross margin as a percentage of revenue $ June 25, 2023 1,458,129 March 26, 2023 $ 1,605,612 3,093 3,093 4,288 1,498 11,446 66,720 (13,383) 26,842 1,634 558 $ 1,465,207 45.5 % $ 1,704,323 41.5 % Non-GAAP gross margin as a percentage of revenue 45.7 % 44.0 % U.S. GAAP operating expenses $ 603,524 $ 663,359 Pre-tax non-GAAP items: Amortization related to intangible assets acquired through certain business combinations (1,395) (1,395) EDC related liability valuation increase (12,865) (4,495) Restructuring charges, net (1,742) (40,408) Product rationalization 6,686 (6,749) 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 (4,294) (2,692) $ 589,914 $ 607,620 $ 854,605 $ 942,253 $ 875,293 $ 1,096,703 26.6 % 24.4 % 27.3 % 28.3 % LAM RESEARCH

View entire presentation