Lam Research (LRCX) Revenue — Quarter Ended Sep 24, 2023
Revenue decreased year over year but increased sequentially from the prior quarter. This marked a reversal of the previous quarter's decline.
Key takeaway
Quarter ended Sep 24, 2023 · FY2024 Q1
Revenue decreased year over year but increased sequentially from the prior quarter. This marked a reversal of the previous quarter's decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.5B
Revenue reported for this quarter.
Quarter-over-quarter
+8.6%
Change from the immediately preceding quarter.
Year-over-year
-31.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.8B
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 |
|---|---|---|
| Dec 25, 2022 | $5.3B | +24.9% |
| Mar 26, 2023 | $3.9B | -4.7% |
| Jun 25, 2023 | $3.2B | -30.8% |
| Sep 24, 2023 | $3.5B | -31.4% |
Revenue performance
The reported revenue was lower than the same quarter a year ago, while showing a rise compared to the immediately preceding quarter.
Quarterly comparison
Compared to the preceding quarter, revenue improved. Versus the same quarter one year earlier, revenue was down significantly.
What to watch
Future quarters will reveal whether the sequential improvement marks a sustained recovery.