10-Q quarterly report · filed Apr 25, 2025

Lam Research (LRCX) Q1 2025 10-Q Quarterly Report

Short answer

Lam Research (LRCX) filed its Q1 2025 10-Q quarterly report on Apr 25, 2025 for the quarter ended Mar 30, 2025. Quarterly revenue was $4.7B (up 24.4% year over year) with net income of $1.3B.

Q1 2025 key financials · XBRL

Revenue
$4.7B
+24.4% YoY · +7.9% QoQ
Net income
$1.3B
+37.8% YoY · +11.7% QoQ
Operating margin
33.1%
Gross margin
49.0%
EPS (diluted)
$1.03
−86.0% YoY · +12.0% QoQ

Source: XBRL data from the Lam Research (LRCX) Q1 2025 10-Q on SEC EDGAR. USD.

Lam Research Q1 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Cash balance $5.5B at March 30, 2025 vs $5.9B June 30, 2024 after $2.13B share repurchases and $854.3M dividends
  • Operating cash flow $3.62B for nine months ended March 30, 2025 supporting capex $587M and debt payments $506M
  • $500M 2025 Notes debt settled at maturity in Q3, credit facility increased to $2B, maturity extended to 2030
  • Management cautious on near-term outlook citing semiconductor demand uncertainty and potential capital market disruptions

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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