Lam Research (LRCX) Revenue — Quarter Ended Jun 25, 2023
Revenue for the quarter declined relative to both the prior quarter and the same period a year earlier. The drop extends a pattern of weakening demand evident in recent quarters.
Key takeaway
Quarter ended Jun 25, 2023 · FY2023 Q4
Revenue for the quarter declined relative to both the prior quarter and the same period a year earlier. The drop extends a pattern of weakening demand evident in recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.2B
Revenue reported for this quarter.
Quarter-over-quarter
-17.1%
Change from the immediately preceding quarter.
Year-over-year
-30.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$17.4B
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 |
|---|---|---|
| Sep 25, 2022 | $5.1B | +17.9% |
| Dec 25, 2022 | $5.3B | +24.9% |
| Mar 26, 2023 | $3.9B | -4.7% |
| Jun 25, 2023 | $3.2B | -30.8% |
Revenue performance
The reported revenue was lower than the previous quarter and significantly below the year-ago level, reflecting a continued contraction in business activity.
Quarterly comparison
Compared to the immediately preceding quarter, revenue decreased, and the decline was even steeper relative to the same quarter one year earlier.
What to watch
Revenue has now fallen for two consecutive quarters, warranting attention to whether the downward trend will persist.