$Lam Research(LRCX)$ LRCX 3Q weak as guided and 4Q outlook with a massive decline expected
3Q
YoY Revenue -5% (at mid point of guidance)
Change Q/Q- 26.7 %
Net income -20%
Diluted EPS-18%
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First 9 months
OCF +53%
FCF +63%
For the quarter ended June 25, 2023, Lam is providing the following guidance:
$3.1 B revenue (-33% at mid-point)
EPS $4.75 (-46%)
LRCX guidance and results from a year ago
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