Lam Research (LRCX) Revenue — Quarter Ended Mar 26, 2023
Revenue declined in the latest quarter. The decrease was evident both from the preceding quarter and the same quarter a year ago.
Key takeaway
Quarter ended Mar 26, 2023 · FY2023 Q3
Revenue declined in the latest quarter. The decrease was evident both from the preceding quarter and the same quarter a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.9B
Revenue reported for this quarter.
Quarter-over-quarter
-26.7%
Change from the immediately preceding quarter.
Year-over-year
-4.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$18.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 26, 2022 | $4.6B | +11.8% |
| Sep 25, 2022 | $5.1B | +17.9% |
| Dec 25, 2022 | $5.3B | +24.9% |
| Mar 26, 2023 | $3.9B | -4.7% |
Revenue performance
The reported revenue reflects a downturn, with a substantial drop from recent levels.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower. It also fell short of the revenue reported in the same quarter last year.
What to watch
Future revenue trends should be monitored closely given the consecutive declines.